===> Click Here For Your FREE Raser Technologies Analysis
Raser just announced that it has been chosen as the sole-source contractor for an Indonesian geothermal feasibility study by Indonesia Power (IP). Indonesia Power was awarded a grant of $934,308 by the United States Trade and Development Agency for the study, which will examine the feasibility of developing geothermal power in the Tangkuban Perahu geothermal concession.
The grant covers about 70% of the cost of the … Read the rest
Sunpower just announced that it has completed its acquisition of SunRay Renewable Energy, a solar power plant developer based in Europe with offices in the Middle East. The acquisition over 1,200 megawatts of solar photovoltaic (PV) projects to SunPower’s project pipeline. The projects are all in different stages of development and are located in Italy, France, Israel, Spain, the United Kingdom and Greece.
In a press release, Howard Wenger, president of SunPower’s utilities and … Read the rest
==> Click Here For Your FREE Pacific Ethanol Analysis
Pacific Ethanol (PEIX) is down more than 20% in premarket trading after it was announced that its subsidiaries filed a reorganization plan with the bankruptcy court in Delaware in cooperation with its lenders. The plan provides for up to $35 in new credit and restructures more than $400 million in debt. In return, the lenders will own the subsidiaries which will be combined under a new … Read the rest
If the Obama administration wants to meet its goal of being the alternative energy world leader, it’s got a lot of catching up to do. While they focus on a trillion dollar health care sure to put the US credit rating at risk in the coming years, it spends peanuts on the technology needed to fuel our future without the need for massive foreign oil imports.
Last year, China doubled the investment the US made … Read the rest
===> Click Here For Your FREE Comverge Analysis
Exelon’s (EXC) PECO subsidiary in Pennsylvania has selected Comverge’s (COMV) Apollo Demand Response Management System to meet energy efficiency targets required by Pennsylvania Act 129. For the next 3 years Comverge will provide full turnkey services including call center services and includes the installation of nearly 150K energy management devices. This will be largest demand response deployment in Pennsylvania. PECO was one of the six recipients of … Read the rest
===> Click Here For Your FREE Cree Analysis
Cree just announced that their high brightness LEDs are being used in the American Airlines Center’s high definition video screens. The screens, which are made by Lighthouse Technology, are used to deliver images (like instant replays and scores) at sporting events, concerts and other entertainment events held at the center.
In a press release, Paul Thieken, Cree director of marketing, LED components, commented on the news:
“Cree’s … Read the rest
Several Analyst rating notes this morning. Hat tip to Street Insider for the analyst commentary.
Soleil Securities maintains Hold on SunPower (SPWRA) and has price target of $21. “Cutting 2010 estimate from $1.50 to $1.30 per share (consensus is $1.45 per share). Introducing below consensus estimate for 2011 ($1.65 per share vs. $2.07 consensus).”
Merriman Curhan Ford reiterates Buy rating on Power One (PWER). “Our recent meeting with senior management continues to reaffirm … Read the rest
===> Click Here For Your FREE American Superconductor Analysis
Needham is out reiterating its Buy rating on American Superconductor (AMSC) and has a $40 price target.
Hat tip to Street Insider for the analyst comment: “Two separate announcements this week in AMSC’s fast-growing wind power business, and its long-term growth engine, the superconducting wire business, have increased our confidence in the company’s growth prospects. The announcement earlier this week of an initial order from Sinovel … Read the rest
===> Click Here For Your FREE Tri Tech Analysis
Tri-Tech Holdings (TRIT) is a very small company, but one that is growing quickly in an industry with tremendous opportunity – China water. The company reported revenues that doubled over the year ago quarter to $5.9 million and an EPS of .24/share vs the .12/share reported a year ago. Gross margins increased to 38% from the 27% in the year ago quarter. So, clearly a company … Read the rest
===> Click Here For Your FREE First Solar Analysis
According to Street Insider, Kaufman Bros has reinstated coverage on First Solar (FSLR) with a Buy rating and has a $140 price target.
The firm calls First Solar “the preeminent stock in the solar space” which should represent a “core holding for investors.” Kaufman notes that a recent sell-off in the stock (about 7% since mid-March) “provides an opportunity to get in at a reasonable, … Read the rest