This LED post is brought to you by Brendan Coffey of Cabot and republished with permission. Cabot Green Investor released their Top 10 Green Stocks Under $10 For 2010 recently and it comes with my highest recommendation. It’s just $25 and you can get it here. Forward me your receipt and I’ll have something extra for you too 🙂
While I find Apple’s sales pitch–“A magical and revolutionary product at an unbelievable price”–over the … Read the rest
JA Solar (JASO) raised guidance about two weeks ago and Evergreen Solar (ESLR) is out with preliminary results tonight, but the two companies still aren’t in the same league. ESLR is saying that 1st quarter shipments have increases to a new company record of about 35.4MW with revenues at about $78.5 million and an average selling price of $2.20/watt. However, manufacturing costs remained about where they were last quarter which is disappointing for a company … Read the rest
A few more analyst calls this morning. Collins Stewart has downgraded shares of Canadian Solar (CSIQ) from Buy to Hold and has a $20 – 24 price target on it. They believe that while strong demand has led to a firming of module prices, but it’s so strong that its pulling up the prices of cells and wafers which may weigh on CSIQ margins. Shares of CSIQ are trading down 5% today and appear headed … Read the rest
Suntech just announced that it has supplied the Town Hall building in Sydney, Australia, with a 48kW rooftop installation. The installation consists of 240 of Suntech’s advanced solar panels featuring Suntech’s new Pluto technology, which improves conversion efficiencies by 12%.
===> Click Here For Your FREE Suntech Analysis
In a press release, Dr. Zhengrong Shi, Chairman and CEO of Suntech, commented on the new technology:
“Advanced solar technology is central to powering a future where … Read the rest
Pacific Ethanol’s wholly-owned subsidiaries, consisting of Pacific Ethanol Holding Co. LLC and 4 ethanol plant subsidiaries, just announced that they have filed an amended reorganization plan with the Delaware bankruptcy court overseeing Pacific Ethanol’s bankruptcy procedures.
The amended plan now includes terms allowing Pacific Ethanol to buy up to 25% of the ownership interests for New PEH, a holding company which will take ownership of the subsidiaries mentioned above. Pacific Ethanol can exercise this option … Read the rest
Clean Energy Fuels (CLNE) is expanding its presence in NYC, by building two new CNG fueling stations in the Queens area as well as next to Liberty National Airport. The stations will help meet the the demand of a growing fleet of natural gas fueled taxis, limos and other transit vehicles. Construction is expected to begin next month and expected to open in the fall.
===> Click Here For Your FREE Clean Energy Analysis… Read the rest
This morning Think Equity has upgraded JA Solar JA Solar (JASO) from Hold to Buy and upgraded Suntech Power (STP) from Sell to Hold. JASO is moving up 2% in premarket trading while STP is down a bit. Get a free trend analysis for JASO and STP.
On the LED front Merriman Curhan Ford is reiterating its Buy rating on Veeco Instruments and raised the price target range about 30% to $54-66. Says Merriman, … Read the rest
Bronte Capital issued a report on why it’s short First Solar (FSLR) which by the way recently broke through a nearly one year down trend and cleared the 200 day moving average. From a technical standpoint, it’s looking increasingly bullish, so the bearish case from Bronte is all the more interesting. Of course, if the market falls off a cliff from these levels (and the Goldman Sachs (GS) news may make that a reality), then … Read the rest
ABB just announced that it will be working with T-Systems, the enterprise customer division of Deutsche Telekom, to develop smart grid solutions that enable customers to understand and control their energy usage.
In a press release, Peter Smits, CEO of ABB and head of the central Europe region, commented on the news:
“By joining forces, ABB and Deutsche Telekom are combining their know-how, which is perfectly matched to create smart grids. We are offering … Read the rest
By Jeff Siegel of GreenChipStocks.com
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A Sleeping Giant
From time to time, you may find me referring to geothermal energy as the sleeping giant; it is an extremely powerful form of renewable energy that often gets overlooked. Let’s face it, solar and wind are a lot more visible than geothermal wells in the Nevada desert.
But geothermal does have one bragging right — a very important bragging right … Read the rest