Shares of wind turbine maker Sauer Energy, Inc. (OTC: SENY) have been in a downtrend the past few years.
Sauer Energy, Inc., which trades over-the-counter under the ticker symbol SENY, was once trading at $1 per share in 2011 and the last few years SENY has declined to as low as .10 cents, leaving many investors with their money “gone with the wind”.
The company first got the attention of many investors during the height of the renewable energy and green energy craze a few years ago.
During this time, Sauer Energy was touted by stock promoters last year for the purpose of increasing SENY’s public awareness. The various paid promotions showed disclosures of transactions ranging from $5,000 to $65,000.
In addition, $10,000 was paid to Grass Roots Research to produce a research report on Sauer Energy, which gave the stock a $2.31 price target.
For those not familiar with Grass Roots Research, they are typically paid thousands of dollars to produce very professional looking research reports for companies. These research reports are very misleading and not at all based on quality research of the company. The research report is simply used to aid in the promotion of the stock.
Even without the pumping effort, Sauer Energy on the surface is a very interesting company and does look like it might have a very revolutionary idea. The company does seem to have a very unique product.
Check out the company’s video below to see why:
But, as it stands right now, the company has no sales and has not manufactured their small wind turbines on a mass scale yet, and there has been no reports of customers being able to purchase them yet.
Which makes me wonder, is the company more focused on selling its shares rather than a product. Sure, the company needs to sell its shares to help keep the company financed and operational. But, whatever wind turbines SENY might be working on right now, the company does not seem to have anything final to release to consumers yet.
Bottom Line
I would steer clear from buying any shares of this company as it is down trending. Sure, the SENY stock might see a few upward bounces. But, the stock has very little volume at the moment. It maybe difficult to get in and out of the stock.
For any bottom fishers out there or for those that just simply can’t resist buying Sauer Energy stock, I would buy very small using money that you can afford to lose. The only way I see this stock going up again is if another stock promoter starts pumping the stock or the company announces it finally has a product that consumers can begin buying.
About Sauer Energy, Inc.
Established in 2008, Sauer Energy, Inc. is a development stage company specializing in the development of vertical axis wind turbines (VAWT) for commercial and residential uses.
The company is based in California and is a publicly traded company trading over-the-counter under the ticker symbol SENY.
Sauer Energy produces wind turbines small and compact enough to be mounted on or near homes and commercial buildings. The company has a couple of patented wind turbines, the WindCharger and Helix Wind® brands.
Sauer Energy, Inc. website: www.sauerenergy.com
SEC filings: latest Sauer Energy SEC filings