EnerNOC (ENOC) and Pacific Gas & Electric are joining forces to increase the energy efficiency of PG&E’s commercial and institutional customers. The 3 year deal will provide PG&E customers with EnerNOC’s SiteSMART smart grid application in Northern and Central California. The SiteSMART app combines advanced metering technology with data analysis software to provide insight into energy usage that EnerNOC can then use to make energy efficiency recommendations and provide a more comfortable environment in extreme … Read the rest
All posts by Tate Dwinnell
First Solar (FSLR) Sells 30MW Solar Plant To Southern Company (SO) & Turner Renewable
First Solar (FSLR) has found a buyer for its Cimarron I Solar Project out in Northern Mexico and they didn’t have to look far. It has announced this morning that Southern Company (SO) and Turner Renewable has purchased the 30MW solar plant which is expected to supply power to around 9000 homes beginning sometime this year. Turner Renewable was previously owned by Ted Turner and was purchased by First Solar in late 2007. Southern Company … Read the rest
Ener1 (HEV) Reports Record Revenue, But Losses Remain; Traders Cheer Ramp Up For THINK Launch
Ener1 (HEV) reported results last night that were about inline with what they’ve been reporting in the last year. Another loss of .14/share just like last quarter but on record revenues of $11 million. As a development stage company, the quarterly results don’t mean much right now though. It’s all about the future and traders appear to like what’s in store, bidding up the stock about 10% today.
Here are some highlights of comments made … Read the rest
Broadwind Energy (BWEN) Misses Badly As Losses Continue, No Profitability In Sight
Broadwind Energy (BWEN) recorded another quarter of losses and profitability isn’t looking likely until at least 2011. Subtracting one time items the company posted a loss .11/share, which was .04/share more than what analysts expected. Revenues missed badly as well coming in at $32.95 million, missing estimates of $46 million. This is a company making no progress and even took a step backwards last quarter.
The CEO explained the poor performance: “Broadwind was significantly impacted … Read the rest
Janney Montgomery Scott Reiterates Clean Energy Fuels (CLNE) Buy Rating, Stock Soars To All Time High
Last night I reported on Clean Energy Fuel’s (CLNE) strong earnings report and the Janney Montgomery Scott Buy rating reiteration is helping to push the stock to a new all time high today with heavy volume. They have raised the price target as well to $26. Hat tip to Street Insider for the following analyst comment:
“Clean Energy Fuels reported 4Q09 revenue and EPS that beat consensus revenue and EPS on lower-than-expected volumes. We would … Read the rest
China Sunergy (CSUN) Reports Unimpressive Results With Another Quarterly Loss
China Sunergy (CSUN) is once again showing why its a 2nd rate China solar company after reporting its second straight quarterly loss, reported an adjusted loss of .08/share which was inline with analyst estimates. Revenues came in a bit higher than expected at $97.6 million. The revenue growth was there with a 126% surge over the year ago quarter and a 20% sequential improvement, but the company just can’t generate any consistency with its … Read the rest
A-Power (APWR) To Work With U.S. Renewable Energy Group and American Nevada Group On Wind Turbine Production And Assembly Plant
A-Power Energy Generation Systems just announced that will work with US Renewable Energy Group and American Nevada Group to build a wind turbine production and assembly plant in Nevada. Once completed, the plant will be capable of producing 1,100 megawatts worth of advanced wind turbines each year.
The plant will also bring approximately 1,000 long-term jobs to Nevada, plus jobs generated by construction.
In a press release, John Lin, A-Power’s Director and COO, commented … Read the rest
SunEdison (WFR) To Construct 72 MW Italian Solar Power Plant
MEMC Electronic Materials just announced that its division SunEdison has been selected to build a 72 MW solar power plant in Rovigo, Italy. The project is expected to be the largest European solar power plant. It is expected to begin producing power in the second half of this year, and to be completely finished by the end of 2010. SunEdison is partnering with Banco Santander for financing and expects to line up other financial partners … Read the rest
Clean Energy Fuels (CLNE) Surprises With Another Profitable Quarter
Clean Energy Fuels (CLNE) is up about 3% in after hours trading after beating Wall St estimates by a wide margin on the EPS side. The company reported an EPS of .02/share while Wall St expected a .04/share loss. Revenues came in about 5% higher than expected at $42.2 million. That’s a nearly 50% increase over the year ago quarter and the company has now strung together two straight profitable quarters for the first time … Read the rest
Brigantine Advisors Initiates Coverage Of Suntech Power (STP) With Hold: "Fairly Valued"
Brigantine Advisors has initiated coverage on Suntech Power (STP) with a Hold rating. Hat tip to Street Insider for the following analyst comment:
“Suntech is the world’s second largest manufacturer of solar modules, with shipments rising 42% Y/Y in 2009 on a Megawatt basis. Solar module pricing fell sharply in 2009, down nearly 40% Y/Y, and we expect will fall about 30% Y/Y in 2010. The company relies on Germany for about 40% of its … Read the rest