Lighting Science Group Corp. (LSGP.OB) has been on my watchlist for several months. They design and market energy efficient lighting solutions with long lasting LED bulbs that can be quickly deployed in existing lighting applications and produce immediate cost savings and environmental benefits. Some key events that have attracted me to this company:
- They recently moved to the OTC BB off the pink sheets.
- They recently received a private placement of almost $7 million
- After a several year absence they are finally a fully reporting company
- They are currently far from being profitable, but the trend on the balance sheet is a vast improvement.
I am also starting to see their products in local stores and restaurants. A recent visit to a local restaurant chain led me to discover that they have retrofitted all of their tables with LSGC’s LED votive candles, which are now available from their new LSGC webstore. This stock is very thinly traded and the limit order I placed on Wednesday didn’t get filled until today (you don’t want to do market orders for these type of stocks because you will end up paying more than you need to.) Today I made an initial purchase of this stock at $1 to start an ownership position in this company for the long term. Even though this company is not a pink sheet, it should be considered a very risky investment and the recent price action has not be favorable. If you are planning on making a purchase of this company, don’t pay anything above $1.05. If you have patience, you can probably get a limit order filled under $1 over the next couple of days. I do believe in its long term prospects of this company and others in this LED conversion space. They are just one nice contract away from some nice gains in the stock price. Today they just issued the following press release:
Lighting Science Group Corporation today announced that it entered into an alliance with Amtech Lighting Services, a subsidiary of ABM Industries Incorporated (ABM) , a multi-national facilities services leader, to install Lighting Science’s Optimized Digital Lighting (ODL(TM)) Low Bay lights and fixtures in facilities that ABM services. The Low Bay product is designed for widespread, high volume use in parking garages, and other applications that require high efficiency, long lasting light. [ more ]
The number of cities and public works agencies converting to LED lights for street and traffic lights is amazing. I’m continuing the research in this LED conversion space and plan on adding more of these companies to my portfolio (i.e. companies like CREE) over time. Technically these are not alternative energy companies, but energy efficiency companies. I still like this space and the less energy that is used requires less traditional energy generation (which is my end goal.) DISCLAIMER: I am not a registered investment advisor. The information and trades that I provide here are for informational purposes only and are not a solicitation to buy or sell any of these securities. Investing involves substantial risk and you should evaluate your own risk levels before you make any investment. Past results are not an indication of future performance. Please take the time to read the full disclaimer here.