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World
Water & Power
OTC: WWAT |
Stock Report Launch
June. 8th, 2007
OTC Symbol: WWAT
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| Sector: |
Energy |
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Sub-Industry: |
Solar |
| Fully Reporting: |
Yes |
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| Summary:
Through Company is active in the field of solar energy product development,
production and application. |
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| Price at Research
Launch: |
$0.15 |
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52-Week Range: |
$0.48-$2.52 |
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Prepared by: Ludlow Capital Research
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| Business Summary |
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WorldWater & Power Corporation
operates as a solar engineering and project management company. It
provides solar electric technology and expertise with water and
power solutions. The company offers AquaMax system, which is capable
of operating pumps and motors up to 600 horse power for irrigation,
refrigeration and cooling, and water utilities, consists of an
electronic board that reads and translates the output of solar
electric direct current from solar panels, converting the flow into
alternate current (AC) for delivery to the electric grid, water
pumps, and various 3-phase AC motors. Its other products include
AquaDrive Controller and AquaMeter water meter. The company’s
photovoltaic system generates electricity from the sun. WorldWater
was founded in 1984 and is headquartered in Pennington, New Jersey.
For more information about WorldWater & Power Corp., visit the
website at www.worldwater.com.
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| Stock Performance |
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- In the past 30 trading days,
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Quantitative Evaluations |
| Ludlow Capital
Rating: A- |
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| Volatility: High |
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| Technical Rating:
NEUTRAL |
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| Relative Stock
Strength: 73 |
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Key Stock
Statistics
As of July 22nd, 2008 |
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12 Month P/E |
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Yield |
| Shs.
outstanding |
Shareholders |
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Shs. restricted
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Market cap. (M) |
| Avg. daily
vol. (K) |
Float |
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Value of $10,000 invested 1 year ago: N/A |
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Dividend Data
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| No dividends have been paid on the common stock. |
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Revenues/Earnings Data
Fiscal year ending December 31 |
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| Revenues (thousands $)
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| 1Q |
9.0m |
1.0m |
UR |
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| 2Q
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UR |
2.2m
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UR
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| 3Q |
UR |
4.4m |
UR |
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| 4Q
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UR |
10.9m
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UR |
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| Yr. |
UR |
18.5m |
17.3m |
2.0m |
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Earnings per Share ($)
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| 1Q |
UR |
UR |
UR |
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| 2Q
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UR
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UR
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UR
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| 3Q |
UR |
UR |
UR |
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| 4Q
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UR |
UR
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UR
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| Yr. |
UR |
UR |
UR |
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| Source: Company Press Release, and
filings with SEC. |
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Ludlow
Energy Maintains WorldWater & Power B+ Rating
Last Updated: Aug. 08, 2007 -
8:51am EST
NEW YORK--Aug. 08, 2007--Ludlow Energy upgrades WorldWater & Power
(OTC:
WWAT) from B to B+ rating based on recent price
performance and news.
COVERAGE SUMMARY
WWAT seems to have found support after breaking below its
50 day moving average only to rally up to close above the key
moving average indicator. The company has come a long way over the
past 12 months from a low of around $0.15 a share to around the
$2.00 a share range, and volatility may be experienced. We would
expect more consolidation and slow move back to the 20 day as
stochastics indicate an oversold value. Ludlow Energy maintains a B+
rating on WorldWater & Power (WWAT). Ludlow Energy began coverage on
WorldWater & Power (WWAT) on Oct. 06, 2006 at a price of $0.15 a
share.
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RECENT EARNINGS
On May 10, 2007, WWAT announced financial results for the first
quarter ended March 31, 2007, with revenue of $949,277, and a gross
profit of $199,391. Net loss for the quarter was ($2,130,062), or
$(0.01) per share, compared to a loss of ($3,575,598), or $(0.03)
per share, for the same quarter in 2006. Shares issued and
outstanding as of Sept. 30, 2006 now stands at
151,311,763.
SOLAR FARM IN SPAIN
WWAT announced that the Company has signed a Letter of Intent with
M&G Promociones de Vivienda Urbana S.A., a real estate developer in
Spain, to build several solar farms in Lorca (Murcia), Spain over
the next five years. The contract to be negotiated will reflect
plans by M&G to build three 10-MegaWatt (MW) farms over the next
three years, with implementation starting in 2008 - 10MW each year -
along with two 50MW farms in the fourth and fifth years.
Negotiations will begin within weeks in Madrid to conclude the
contract, which will be subject to conditions including financing,
licensing and other commercial and permitting issues.
PATENT TECHNOLOGY
On Oct. 23, 2006, WWAT
announced that the U.S. Patent and Trademark Office has granted the
company's patent application for ``Maximum Power Point Speed
Control.'' The new invention relates to the operation of AC Motors
and Motor Drives that convert power from a DC source (such as sun
power) to AC, and operates the motor at maximum power as the power
from the DC source varies.
On Oct. 25, 2006, WWAT announced that the U.S. Patent
and Trademark Office has granted the company a second patent
application for the AC/DC Hybrid Power Systems. The new invention,
``AC/DC Hybrid Power Systems,'' relates to a hybrid electric system
where solar DC power and AC grid power are blended together to
deliver output power. By combining the two power sources, WorldWater
can deliver power at a higher efficiency that results in lower cost.
RISK FACTORS
Some risk factors that may effect the valuation calculations in this
report are the companies inability to meet fiscal 2006/2007 revenue
projections, an increase in shares issued and outstanding, decrease
in interest or price/sales ratios of solar power stocks, industry
competition, technological advances, decrease in energy prices,
geopolitical events, accounting changes and restatements, and legal
issues.
ABOUT LUDLOW ENERGY VENTURES
Based in New York City, Ludlow Energy Ventures is a venture capital
and research firm with a specific focus on the renewable and
alternative energy market. Ludlow Energy Ventures owns and operates
the Ludlow Energy Indices, which tracks a wide basket of US traded
large and small cap alternative energy stocks.
www.ludlowenergy.com
-----------------------
Contact:
Ludlow Energy Ventures
Phone: (646) 670-6494
Email:
info@ludlowcapital.com
Disclosure: This is NOT a solicitation to Buy or Sell any security, but rather is for research purposes only. Content contained herein includes facts, views, opinions and recommendations of individuals and organizations deemed of interest. Ludlow Energy ventures does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse these views, opinions or recommendations, or give investment advice. Ludlow Energy Ventures, its affiliates, or directors, may or may not hold a position in the above security from time to time, and investors are encourage to consider this as a possible conflict of interest when reviewing this information. In Compliance with SEC Rule 17B Ludlow Energy was NOT compensated for the distribution of this research material, but may hold a position in the above securities in the Ludlow Energy fund, and should thus be considered a possible conflict of interest when reviewing this report and information.
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