This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

ONYX: New Discovery Could Ignite Solar Boom By Cheaply Doubling Panel Efficiency

Stocks in this article: ONYX

Onyx Service & Solutions Inc (OTCQB: ONYX) is applauding news released from the University of Texas at Austin stating that one of its chemists has discovered a way that may allow solar panel efficiency to be doubled, possibly reaching as high as 66%. Such a development is capable of causing a positive “sea-change” in the solar power industry.

At the heart of current solar panel functionality, the panel absorbs photons from the sun. Photons are then converted into electrons. An issue with regular photovoltaic panels is that much of the energy delivered by sunlight results in the conversion of “hot” electrons, which are too high-energy to be converted to electricity in silicon and are instead lost as heat. University of Texas Chemistry professor Xiaoyang Zhu and his team discovered that an organic plastic semiconductor could double the number of electrons harvested out of one photon of sunlight.

“At current, approximately 31% insolation-to-electricity efficiency of a silicon solar cell is considered to be the maximum in the solar industry,” stated ONYX President Malcolm Burleson. “Being able to cheaply double the efficiency and even being able to reach 66% efficiency could potentially erase the barriers of competing with cheap fossil fuels very quickly.”

Professor Zhu’s process involves absorbing the photon of sunlight in Pentacene (a form of plastic) to produce a dark quantum “shadow state” from which two electrons can be retrieved, instead of just one.

ONYX management is closely following this new development and the timing of when this new technology could be available in the marketplace. The Company’s unique business model of concentrating on competing in energy markets that could yield higher margins and avoiding reliance on subsidies and government loans appears to have given the Company an edge in the current shakeout.

“It is apparent that the solar companies with weaker business models will struggle, possibly lessening the field of competition for ONYX in the future,” said Burleson. “Having access to economical 66% efficiency panels after the industry shakeout could potentially be extremely lucrative for a Company positioned like ONYX.”

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs