* Q2 loss/shr $0.14 vs loss/shr $0.18 last year
* Q2 loss/shr $0.09, ex items
* Q2 rev down 17 pct
* Declines to provide full-year outlook
* Shares rise as much as 8 pct July 30 (Reuters) - Akeena Solar Inc AKNS.O reported a narrower quarterly loss as it reaped the benefits of its cost-cutting measures, and the solar power systems maker declined to provide a full-year outlook, citing limited visibility.
The company, however, said it expects a modest build in residential sales in 2009, with commercial installations picking up in late 2009 or early 2010.
Second-quarter operating expenses dropped 30 percent to $4.3 million, helped by the cost-reduction measures the company took over the last few quarters.
For the quarter, the company reported a net loss of $4.7 million, or 14 cents a share, compared with a net loss of $5.1 million, or 18 cents a share, last year.
Excluding a $1.5 million non-cash charge, Akeena posted a loss of 9 cents a share.
Sales fell 17 percent to $5.9 million, hurt by lower commercial revenue due to the tight credit market and weak overall economic conditions.
Analysts on average were looking for a loss of 11 cents a share, before items, on revenue of $7.1 million, according to Reuters Estimates.
Shares of the company rose 4 percent to $1.38 Thursday afternoon on Nasdaq. They had touched a high of $1.43 earlier. (Reporting by Adveith Nair in Bangalore; Editing by Deepak Kannan)