• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

American Solar Electric Ranks No. 22 on the 2008 Inc. Top 100 Energy Companies With Three-Year Sales Growth of 662%

Posted on: Thursday, 21 August 2008, 18:00 CDT

Inc. today ranked American Solar Electric No. 475 on its annual ranking of the 5,000 fastest-growing private companies in the country. In addition, American Solar Electric ranked No. 8 in the Top 100 Businesses in Phoenix-Mesa-Scottsdale, Ariz., and No. 22 in the Top 100 Energy Companies, nationally. In 2007, the company ranked No. 162 among 5,000 of the fastest-growing companies in the nation.

The list is the most comprehensive look at the most important segment of the economy - America's independent-minded entrepreneurs. Taken as a whole, these companies represent the backbone of the U.S. economy.

"Being recognized two years in a row in the Inc. 5000 is a testimony to the dedication and professional abilities of American Solar Electric's employees. Without them, this result would have never occurred. It is truly a privilege to work side-by-side with individuals that recognize the benefits solar energy can add to our environment, economy and energy future," said Sean Seitz, president of American Solar Electric.

"Our second annual Inc. 5000 continues the most ambitious project in business journalism," said Inc. 5000 Project Manager Jim Melloan. "The Inc. 5000 gives an unrivalled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth."

The 5,000 companies that made the list reported aggregate revenue of $185 billion and median three-year growth of 147 percent. Most important, the 2008 Inc. 5000 companies were engines of job growth, having created more than 826,033 jobs since those companies were founded. Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at www.inc5000.com.

Hottest Industries for Fastest-Growing Businesses

The most notable median growth categories among the Inc. 5000 fastest-growing businesses are in the Energy category (which grew by 298%), followed by Government Services (which grew by 220%), Security (200% growth), IT Services and Software (both grew by 187%), and Consulting (which grew by 182% on average).

Industries reporting the highest median revenue are Travel ($38.8 million), Financial Services ($16.3 million), Logistics ($15.4 million), Government Services ($14.2 million) and Energy ($14.2 million).

Methodology

The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, for profit, independent - not subsidiaries or divisions of other companies - as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.

American Solar Electric, Inc. is an Arizona-based design-build firm specializing in photovoltaic (solar electric) power systems for commercial, industrial and residential applications. Headquartered in Scottsdale, the company is responsible for the installation of more than 5 megawatts of photovoltaic power in Arizona, statewide. American Solar Electric's approach includes system design, permitting, procurement, installation, interconnection and commissioning. Additional information on the company's products and services is available online at http://www.americanpv.com.

Inc.com, the daily resource for entrepreneurs, delivers how-to guides, advice, tools, breaking news and rich multimedia to help business owners and CEOs start, run and grow their businesses. Inc.com offers dynamic marketing solutions to help advertisers effectively reach Inc.com's audience of business leaders. Visit http://www.inc.com.

Source: Business Wire

More News in this Category