For the first time in history, a US commercial airline has hit the skies using synthetic jet fuel. A United Airlines validation flight was conducted today using Rentech’s (RTK) synthetic jet fuel derived from nat gas and converted to liquid fuel through a proprietary process. The airliner used Rentech fuel in one engine with a 40% mix.
Late last year, 13 airlines signed an MOU with Rentech for future supply of up to 250 … Read the rest
Shares of Trex Co. (TREX) are surging nearly 12% today back to its yearly high after reporting a smaller loss than what analysts were expecting. The company reported a loss of .31/share on revenues of $66.3 while analysts expected a .39/share loss on revenues of $71 million. So a mixed report, but traders like the guidance.
The company sees sales for Q2 at $110 million vs the estimate of $99 million. That would be about … Read the rest
Sunpower just announced that it has added an additional 40 MW of capacity to its contract for the development of the California Valley Solar Ranch for PG&E. That means that the completed plant will be 250MW, one of the largest solar PV plants in the world.
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In a press release, Howard Wenger, president of SunPower’s utilities and power plants business group, commented on the news:
“We … Read the rest
Clean Energy Fuels (CLNE) has just announced a new 5 year agreement to provide CNG fueling services to SuperShuttle vans offering shared-ride services from major airports, including: Dallas/Fort Worth, Denver, New York City, and Phoenix as well as 6 airports in California: Los Angeles, Burbank, Ontario, Orange County, San Francisco and San Diego. SuperShuttle also bought 40 CNG-fueled vans from Clean Energy Fuel’s subsidiary BAF.
===> Click Here For Your FREE Clean Energy Fuels Analysis… Read the rest
China Sunergy (CSUN) is up about 10% this morning, adding to yesterday’s strong move above resistance. The company beat analyst estimates by a wide margin and got back in the black by reporting a non GAAP EPS of .16/share on revenues of $104.3 million. I’ll have to check on this when I have more time, but I believe that’s a record quarterly profit number for CSUN. Analysts expected just .10/share on revenues of $91.55. In … Read the rest
Borg Warner (BWA), which manufacturers auto parts to make cars more efficient, soared over 10% today after reporting strong earnings results as the US auto industry continues its remarkable recovery and the China auto industry remains red hot. The company smashed Wall St EPS estimates of .42/share by posting a non GAAP profit of .65/share, a whopping 642% increase over the year ago quarter. Revenues bounced back big over the year ago quarter too with … Read the rest
What’s the Biden Bounce you ask? Biden as in Joe Biden. Yeah, that Biden who they let out of the basement of the White House once in awhile to let us all know he’s still alive and acting as VP. He’s got a big task ahead of him tomorrow. He’ll be speaking at the new UQM Technologies (UQM) manufacturing facility and highlight the positive impact of the American Reinvestment & Recovery Act on small businesses … Read the rest
Power-One (PWER), which makes power conversion and management products for the renewable energy industry, has really been on a roll after breaking out of a cup with handle base on April 14th. It’s up about 40% in the past two weeks and may tack on another 20% tomorrow after beating Wall St earnings estimates after the bell today. It’s hard to believe this stock was just .33/share a year ago. The company reported its 2nd … Read the rest
MEMC Electronic Materials (WFR) is surprising traders after the bell today, but not in the way many expected. With the technical action improving in WFR in recent weeks, they were expected to post a quarterly profit and begin the road to lasting profits. That path remains on hold for now. While the company reported revenues much higher than what analysts expected at $438 million (more than double the year ago quarter), they missed badly on … Read the rest
Rubicon Tech (RBCN) reported strong results after the bell today, beating analyst estimates and swinging back to a quarterly profit for the first time in more than a year. The company reported an EPS of .07/share (.03 better than estimates) on revenues of $11.5 million (800K better than estimates). That’s a big improvement over the year ago EPS loss of .19/share and a big jump in revenues over the year ago quarter when the company … Read the rest