Akeena Solar Announces Third Quarter 2009 Results
Akeena Solar, Inc. (Nasdaq:AKNS), a leading designer and installer of solar power systems, announced results for the third quarter ended September 30, 2009. “Our third quarter results demonstrate the growing demand for residential solar installations and the improving leverage in our business model,” said Barry Cinnamon, president and chief executive officer of Akeena Solar. “The benefits of our differentiated Andalay panels and lower Andalay installation costs drove gross margin to 24.7%, double last year’s level, and up nicely from 19.7%…