Ford and Microsoft just announced an agreement to work together to create more effective and affordable recharging solutions for Ford electric car drivers. With the Microsoft Hohm™ energy management application, owners will be able to decide the best time to recharge their EVs for the most efficient and affordable charging. Microsoft Hohm will be available for use with the electric version of the Focus starting next year.
Microsoft Hohm can also help utilities manage the … Read the rest
SmartHeat (HEAT) posted huge quarter over quarter growth this morning, but that’s compared to an unusually weak Dec 08 quarter and the company missed analyst estimates of .14/share by posting an adjusted EPS of .10/share. Revenues came in at $26 million. No question, it was a real good quarter from HEAT, but traders were looking for more with the stock down 12% today.
CEO James Wang commented on the industry and economic conditions: “China’s energy … Read the rest
China Wind Systems (CWS) reported strong Q4 results this morning with an adjusted EPS of $0.11 on revenues of $15.9 million. That’s a 37% and 47% bump in earnings and revenues over the year ago period. It should be noted that revenue related specifically to its wind energy business grew 327% over the year ago quarter to $6.8 million, so the company now gets nearly half its revenue from wind energy related business.
CEO Jinahua … Read the rest
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Clean Energy Fuels just signed a deal with AT&T to build CNG fueling stations for AT&T’s forthcoming fleet of 8,000 CNG vehicles. AT&T plans to spend $565 million on 15,000 CNG vehicles over the long term, with $350 million of that being spent on 8,000 CNG vehicles over the next 5 years. Clean Energy Fuels will build and operate the fueling stations for these vehicles, … Read the rest
SunPower just announced that it has signed an agreement with Sol.In.Build Srl, a subsidiary of Veronagest SpA, to build 7 solar plants in Sicily. No financial details were disclosed, but the 7 plants will provide 16.5 MW of capacity total. Individual plants will vary in size from one to 3.5 MW. All plants are expected to be up and running by September of this year.
The plants will use SunPower panels as well as SunPower … Read the rest
A-Power Energy (APWR) reported a big growth in the last quarter and beat analyst EPS estimates by a wide margin reporting a non GAAP Q4 EPS of $0.61 which was well ahead of analyst estimates of $0.41. Revenues were a bit shy of what analysts were looking for at $125.9 million. Those are record numbers representing a 100% increase and 60% increase in EPS and revenue over the year ago quarter. So why is the … Read the rest
Biofuel Energy (BIOF) reported terrific growth and reached a milestone in its latest quarter last night and traders are bidding up the stock more than 14% today on the news. The company reported an EPS of .21/share on revenue of $120 million. It’s the company’s first profitable quarter and a big improvement over the year ago period when they reported a loss of .43/share.
An impressive quarter, but CEO Scott Pearce warned that contractions in … Read the rest
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LDK Solar (LDK) reported a non GAAP Q4 EPS of $0.03 which missed analyst estimates of $0.12 as margins took a hit. Revenues were a bit above estimates at $304 million. While that’s a big improvement over the year ago quarter when the company reported a whopping 2.05 loss, it wasn’t enough to keep traders from dumping the stock today.
Here are some highlights of comments … Read the rest
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ABB just announced that they have received a $30 million order from GA Solar for a 13 megawatt PV power plant in northern Spain. Under the terms of the agreement, ABB will handle the plant’s design, engineering, construction, civil works and commissioning.
GA Solar is using ABB’s modular eBOP (electrical balance of plant) concept to speed construction of the plant, which should be online later this … Read the rest
The solars are having a decent day today on the back of a Barclays bullish call this morning. According to Street Insider, the firm upgraded Solarfun (SOLF) to Equalweight and doubled the price target which sent the stock surging 10%. They have also raised the price target on several other solar stocks. Here are the calls..
First Solar (FSLR) from $100 to $125
ReneSola (SOL) from $5 to $7
Canadian Solar (CSIQ) from $21 … Read the rest