Worldwide Energy and Manufacturing USA, Inc., a U.S.-based China manufacturer focused on manufacturing and distributing solar modules in the commercial sector, this morning announced that it has applied to have its common stock listed on the NASDAQ Capital Market.
CEO Jimmy Wang commented, “We have worked very hard over the last four years to put our company in a position to qualify for a NASDAQ listing. Our contract manufacturing division and our solar division are experiencing double- and triple-digit earnings and revenue growth, respectively. We have spent considerable time meeting with officials at the NASDAQ over the last 12 months, and we strongly believe this is the right time to take this significant step and apply for a listing on the NASDAQ.”
He added, “We also believe that a listing on NASDAQ will make it less difficult for retail brokers to build long-term positions in our stock and thus will contribute to producing more liquidity in the stock.”