Telvent (TLVT) announced it will provide its SmartMobility Light Rail Solution for the new light rail system in Spain’s Bay of Cadiz which is expected to go live sometime in 2011. The contract is valued at around $24 million and will require TLVT to install its proprietary automatic ticketing system, traveler info system, CC television surveillance, intercoms, light rail signaling and communications network.
Telvent is a worldwide leader in smart transportation systems and has participated … Read the rest
Reliant Energy, owned by NRG Energy, just announced that it has received a $20 million grant from the Department of Energy under the American Reinvestment and Recovery Act. The grant will help Reliant roll out more smart energy options to consumers to help them control their energy use.
In a press release, David Crane, NRG Energy, Inc. President and Chief Executive Officer, commented on the grant:
“We are grateful the DOE recognizes the value of … Read the rest
STR Holdings (STRI) is down in pre-market trading today after announcing a proposed secondary offering of 6,500,000 shares of its common stock. The shares will be sold by certain stockholders. In connection with the proposed offering, the selling stockholders will grant to the underwriters an option to purchase up to 975,000 additional shares.
STR Holdings will not receive any proceeds from the proposed offering.Credit Suisse and Goldman, Sachs & Co. will act as joint book-running … Read the rest
Xcel Energy just announced that it has closed on a Wind Project Purchase and Sale Agreement with enXco, an EDF Energies Nouvelles Company, for its forthcoming Nobles wind farm. The two companies have a history of working well together, having jointly developed 500 megawatts of wind power over the past few years.
The Minnesota wind farm will be made up of 134 GE 1.5MW turbines and will have a capacity of 200 MW when it … Read the rest
According to Street Insider, analyst Adele Mao at OLP Global said the RINO International (RINO) Q4 earnings call presented a few conflicting points that don’t make sense. Here are the comments:
“We came away with more questions than answers: 1) how much BOT contract from Shougang Jingtang was included in the reported backlog of $89.4 million, and how should revenue be recognized? 2) Why was SG&A expense unusually low at $2.8 million in 4Q09 … Read the rest
Canadian Solar just announced that they have released their NewEdge solar panels in the US market. The panels are compatible with the new Zep roof-mounting System, and used together the products have the potential to reduce installation costs by half and reduce the amount of time spent to install the panels on a roof by 75%.
The NewEdge solar panels are available in two different varieties, one using 5″ monocrystalline silicon, and one using 6″ … Read the rest
AES Solar, a JV between The AES Corporation and Riverstone Holdings LLC, just announced that it has closed on EUR173 million worth of financing for its planned Cellino San Marco project. The project will consist of a 43 MW solar PV plant in Italy’s Puglia region. The facilities will provide enough money for approximately 85% of the cost of building the plant, and they will mature 18 years after the plant is completed in the … Read the rest
American Superconductor (AMSC) is pushing higher in premarket trading on news that it has received a record grid interconnection order from wind energy giant Vestas. It’s subsidiary, Vestas Australian Wind Technology has placed an order with AMSC for a large D-VAR-based grid interconnection system, utilizing 24 D-VAR modules integrated with external smart-switched capacitor banks that are optimized for wind farm applications.
AMSC components will be used at the 206MW Collgar Wind Farm in Western Australia … Read the rest
Rino International (RINO), one of the top China water and remediation plays, reported earnings after the bell today. Growth was excellent, but it didn’t quite meet Wall St estimates. The company reported an adjusted EPS of .53/share which was a big jump from the year ago quarter (.28/share), but missed by a penny and was significantly less than last quarter’s record quarter of .68/share. Revenues came in at $53 million which was a 32% … Read the rest
Energy Focus (EFOI) reported results after the bell today that were so so, but the guidance may give the stock a boost going forward as its recent acquisition of Stones River Companies begins contributing to the bottom line. The company reported a loss of .17/share on revenues of 3.6 million which is about inline with what they have been reporting for the past few years. This is a company that has never been profitable, but … Read the rest
Green Alternative Energy Stocks – Solar, Wind, LED Lighting,Smart Grid, Electric/Hybrid Cars, Wave Energy, Green Building, Biofuels & Geothermal