8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549

_______________ 

Form 8-K 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 

Date of report (date of earliest event reported):

December 16, 2008

AKEENA SOLAR, INC. 

(Exact name of registrant as specified in its charter)

Delaware	000-52385	90-0181035
(State or other jurisdiction of incorporation)	(Commission File No.)	(I.R.S. Employer Identification No.)

16005 Los Gatos Boulevard

Los Gatos, California 95032

(Address of principal executive offices)

Registrant’s telephone number, including area code:

(408) 402-9400 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see  General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01. Regulation FD Disclosure.

On December 16, 2008, Akeena Solar, Inc. issued a press release regarding updated 2008 revenue growth guidance and related matters.

Forward-Looking Statements

This Item 7.01 and the attached press release contain forward-looking statements as defined in the Securities Exchange Act of 1934 and is subject to the safe harbors created therein. The forward-looking statements relate to future revenue growth, demand in 2009 and future cash flow results. These forward-looking statements involve risks and uncertainties that could cause Akeen’s results to differ materially from management's current expectations. Such risks and uncertainties include, but are not limited to, the risk of a further decline in general economic conditions and the global credit and equity markets, and unforeseen changes in the strength of our customers' businesses and demand for current and new products and technologies.

The information in this section, including the information contained in the Press Release attached as Exhibit 99.1 is being furnished pursuant to this Item 7.01 and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. In addition, this information shall not be deemed to be incorporated by reference into any of the Registrant’s filings with the Securities and Exchange Commission, except as shall be expressly set forth by specific reference in any such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number	Description of Exhibit
99.1	Press Release regarding fiscal year 2008 revenue growth guidance and related matters, issued by the Registrant on December 16, 2008 (furnished herewith).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: December 16, 2008

AKEENA SOLAR, INC.
By:	/s/ Gary R. Effren
	Gary R. Effren,
	Chief Financial Officer

EXHIBIT INDEX

No.	Description
99.1	Press Release dated December 16, 2008

EX-99.1

Exhibit 99.1

  

Corporate Headquarters: 16005 Los Gatos Blvd, Los Gatos, CA  95032

Akeena Solar Revises 2008 Revenue Growth Rate Guidance

LOS GATOS, Calif., December 16, 2008 (GlobeNewswire via COMTEX News Network) -- Akeena Solar, Inc. (Nasdaq:AKNS), a leading designer and installer of solar power systems, today issued revised guidance for the fiscal year ending December 31, 2008. Due to delayed installations at a few large commercial projects, the company now anticipates 2008 annual revenue growth to be in the range of 25% - 30% over 2007.  Previously, management had estimated year-over-year revenue growth in 2008 to be between 30% - 40%.

"As several large commercial projects got underway during the quarter, our customers encountered construction management issues that caused the solar installation phase to be pushed out into early 2009,” said Barry Cinnamon, president and chief executive officer. “In contrast to the lumpiness of the commercial business, residential installations generally remain on schedule, and new residential project bookings are meeting our expectations as the benefits of our Andalay technology continue to gain recognition.  With the economic benefit to customers from the passage of the ITC, we still expect to see a rise in demand in 2009 for residential and commercial projects and to reach cash flow breakeven in the second half,” concluded Cinnamon.

About Akeena Solar, Inc.

Founded in 2001, Akeena Solar's philosophy is simple: We believe producing clean electricity directly from the sun is the right thing to do for our environment and economy. Akeena Solar has grown to become one of the largest national installers of residential and commercial solar power systems in the United States. The company's new integrated solar panel system, Andalay, is the only solar panel system with integrated racking, wiring and grounding. Andalay panels offer unprecedented reliability, performance and aesthetics. For more information, visit Akeena Solar's website at www.akeena.com.

Lippert / Heilshorn & Associates

Investor Relations:

Jody Burfening

Amy Gibbons

agibbons@lhai.com

(212) 838-3777

Akeena Solar, Inc.

Barry Cinnamon, President and CEO

(408) 402-9400

bcinnamon@akeena.com