Solar EnerTech is pleased to announce the private placement completed with institutional investors. The company plans to use the proceeds for working capital, completing recent purchase orders, and to purchase equipment for their second 25 Megawatt production line.
A recent Analyst Report from IPO Desktop projects a strong earnings forecast for this company. Projected revenues are $60 million for 2007 and $720 million in 2010. That is a 12-fold increase in only 3 years of operation.
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