Akeena Solar (AKNS) this morning reports Q2 revenue of $9.9 million, up 54% from Q1, and above the Street consensus at $8.9 million. The solar installation company� posted an adjusted loss for the quarter of $3.4 million, or 9 cents a share; the Street had expected a loss of 8 cents.
Meanwhile, the company also said it is changing its name to Westinghouse Solar, and will take the new symbol WEST, effective tomorrow.
“Solar is going mainstream, and well-known brand names are key to widespread consumer adoption,” CEO Barry Cinnamon said in a statement. “In May, we announced a partnership with Westinghouse, which unites their trusted brand name with our safe and reliable solar panels. As Westinghouse Solar, we will continue to drive the adoption of solar power through our own installation services, through our retail channel via Lowe’s Home Improvement stores and through our expanding dealer channel network in the United States and Canada.”
AKNS is up 2 cents, or 2.3%, at 88 cents.
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