Though they scored no points in the ‘company name that makes any sense’ category, the market seems to love XsunX’s (XNSX) recent news. The company recently signed a lease on a new manufacturing facility, which apparently will give them some much-needed capacity.

The company has spent the last three years in focused research with a photovoltaic material called Amorphous Silicon. During this time they’ve developed the technical capabilities to take the technology to market. The products they ultimately intend to mass produce are amorphous silicon solar modules on glass panels.

The new facility will establish the first 25 mega-watts worth of production capability for their thin-film solar module manufacturing needs, but XsunX plans to grow their manufacturing capacities to over 100 megawatts by 2010.

The interesting part about why they chose this location? Aside from providing strategic access to shipping and transportation corridors, it also offers sufficient amounts of clean hydro electric power to operate the company’s systems. Talk about green-friendly! Using clean energy to make clean energy….

Anyway, the stock looks great right now. Take a long-term look though…not quite as compelling. XNSX has been range-bound for over a year, roughly between 28 cents and 75 cents. Most of that time was spent in the development phase though, so maybe the facility will move them to profitability. And, maybe that’s why the stock is finally moving.