Power-One (PWER) is breaking out with conviction today to a new 2 year high after it was announced earlier today that the company has been able to settle its differences with Emerson’s subsidiaries Artesyn Technologies and Astec America and agreeing to dismiss all pending lawsuits while allowing the Emerson companies to license Power-One’s digital power technologies. The technology allows customers to optimize power conversion efficiency, reduce energy costs and enhance energy management.
The Solar Energy Industries Association (SEIA) released its 2009 review today indicating strong growth across the solar market last year. Here are some highlights…
* US solar electricity capacity increased 37% driven by strong demand in residential and utility scale markets * 17K new solar jobs created for a total of 46K in the US * Industry revenue grew 38% to nearly $4 billion * Solar manufacturing production increased 7% from 2008 * Residential grid-tied … Read the rest
– company improving marketing and diversifying its customer base to include emerging markets – continuing to improve panel efficiency – China demand continues to improve
Borgwarner just announced that its variable turbine geometry (VTG) turbochargers will be used in the new 4 cylinder diesel engines on the new Hyundai ix35s and Kia Sportages.
BorgWarner’s new turbochargers provide a variety of enhancements that help these vehicles operate more efficiently, using less fuel and producing fewer emissions.
In a press release, Roger Wood, President and General Manager, BorgWarner Turbo Systems, commented on the news:
“BorgWarner’s latest advancements in turbocharging technology for modern … Read the rest
A couple Buy ratings to tell you about this morning. Deutsche Bank has upgraded American Superconductor (AMSC) to Buy and raised the price target $38. Hat tip to Street Insider for the following analyst comment:
“On fears of slowing demand for wind power in China, AMSC’s shares have underperformed the R2000 by 39% YTD. We expect this to reverse over the next 6 months following bullish FY10 guidance (in mid May), new wins (including follow-on … Read the rest
LDK Solar just announced that it has signed a supply agreement with Phoenix Solar. Per the agreement, LDK will provide Phoenix with approximately 20 megawatts of solar modules later this year.
In a press release, Xiaofeng Peng, Chairman and CEO of LDK Solar, commented on the news:
“We are proud to partner with Phoenix Solar, an international leader in system integration as well as specialist for large-scale PV plants. Our PV modules are meeting … Read the rest
The Azerigas Production Union which is responsible for the transmission and sale of natural gas in the Azerbaijan region of central Asia announced they will implement Itron’s smart meter and payment system in the city of Baku and will roll it out nationwide eventually. Itron has already begun shipping its smart payment meters and smart cards as well as the management software. Consumers will be able to purchase meter credit with their smart cards through … Read the rest
Coming this summer will be travel bags from Samsonite providing a portable power solution via Ascent Solar (ASTI) thin film CIGS solar panels. The two companies have been working together for some time and this morning announced the first fruit of their collaboration. The power providing luggage will allow travelers to keep those electronic gadgets charged while on the move. Better leave those bags in the sunlight though. It will be interesting to read the … Read the rest
The upgrades just keep coming for Cree Inc (CREE). Morgan Joseph upgraded the company from Neutral to Buy this morning and set a $100 price target. Hat tip to Street Insider for the following analyst comment:
“On Tuesday, after the close of trading, we expect Cree to announce F3Q10 sales and non-GAAP EPS of $220mm and $0.43, respectively, compared to Street expectations of approximately $223mm and $0.44, respectively. We expect LED sales to continue driving … Read the rest
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