Alternative Fuel Stocks Skyrocketing

That’s good news for Spire Corp., which makes solar cell manufacturing equipment. The company makes a profit and has solid sales, but it still received a letter from the Nasdaq Listing Qualifications Panel in April saying that Spire was no longer in compliance with the exchange’s $10 million stockholders’ equity requirement. That put it in danger of delisting from the exchange, which would make it harder for the company to raise cash.

Since June, however, Spire’s stock has doubled. It’s now in compliance with listings requirements.

HeraldSun