3M Renewable Energy, a division of
), and photovoltaic solutions manufacturer tenKsolar recently
celebrated their 200 installations. In two years of
collaboration, the companies have worked in unison for boosting
energy generation from commercial rooftop photovoltaic (PV)
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To date, both the companies have completed 200 installations at
locations across the U.S., Latin America, Europe and Asia. The
company came together in 2011 and combined 3M designed Cool
Mirror Film 330 with tenKsolar RAIS commercial solar array. The
Cool Mirror Film 330 is an all-polymeric mirror film that offers
low photopic reflectance with minimum heat reflection.
The usage of the cool mirror film in combination with tenKsolar's
shade tolerant PV modules provides energy at a lower cost than
solar PV system. This system is able to generate up to 45% more
energy per square foot of rooftop annually in comparison to a
conventional solar module. Additionally, it reduces energy costs
and provides energy savings to buildings by reducing rooftop
3M is uniquely positioned to develop solutions that enhance
reliability and improve the performance of solar technologies.
The company remains focused on inventing new products to maintain
its competitive advantage worldwide.
3M, together with its subsidiaries, operates as a diversified
technology company with manufacturing operations spread over 70
countries. The company aims to deliver innovative security
solutions to businesses and governments worldwide.
3M currently has a Zacks Rank #2 (Buy). Other stocks that look
promising and are worth a look now are
Hutchison Whampoa Ltd
China Merchants Holdings (International) Co.,
Honeywell International Inc.
), each carrying a Zacks Rank #2 (Buy).