Xantrex receives funding from NREL for high power solar inverter development
Xantrex Technology Inc. (XTX.TO) has been awarded US $873,000 from the U.S. Department of Energy's National Renewable Energy Laboratory (NREL) under its Photovoltaics Manufacturing Research and Development Initiative. Xantrex will match the funding from NREL during the course of the project for a total budget of $1.74 Million. This program will take place at the Xantrex facility in Livermore, California.
Xantrex PV inverters are America's leading choice for large-scale solar installations. Presently, utility-interactive, three-phase inverters are available in models ranging from 10 kW to 225 kW, and multiple inverters can be paralleled for larger power installations. [ more ]
Xantrex is one of my favorite companies in the power inverter space. The stock is also acting very well right now and is close to what technicians call a "Golden Cross" with the 50 day MA crossing over the 200 day MA. This is typically a very bullish stock pattern. I would be a buyer of this stock now, but I'm not able to purchase the stock since in only trades on the Toronto exchange.