Diligence memo · auto-generated · as of July 2, 2026
Progeny Solar, Inc.
Progeny Solar, Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Progeny Solar, Inc. operates in Other Energy, based in MARLBOROUGH.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Progeny Solar, Inc. has raised $505K in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $505K on 2010-10-08.
Most recent recorded round closed around 2010-10-08.
Valuation (modeled)modeled
Provath models Progeny Solar, Inc. at approximately $8.2M (range $320K–$92M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.45× the median modeled value of Pre-Seed Other Energy companies in 2010–2012 (172 peers) — value vs value, same stage and era. Within the normal band (145% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 15.7 yr ago; this sector typically re-raises about every 12 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 18% of Other Energy peers (2049 compared).
Modeled value ranks above 35% of those peers.
Closest niche peers: Integrated Energy Solutions, LLC, American Strategic Group LLC, Elizabethtown Solar Electric Partners LLC, Advanced Hydro Solutions LLC, Fuelfree Power Systems, Llc.
Peoplefiled
1 named person on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.