Canadian Solar just announced that it has successfully installed the first 250 kW photovoltaic (PV) rooftop system in Ontario. The system consists of 1,326 Canadian solar panels on approximately 74,668 square feet, and was installed on the rooftop of a building owned by Towcon Holdings. Aecon was the installation partner.
In a press release, Dr. Shawn Qu, Chairman and CEO, Canadian Solar Inc.,commented:
“Canadian Solar has been providing solar solutions to customers in over … Read the rest
UQM Technologies (UQM) has received an order from Quantum Fuel Tech (QTWW) for its high efficiency electric drive system to power a postal service electric vehicle which is currently in development. A successful demonstration following a one year development program could lead to widespread adoption by the postal service for its fleet of 178K .. not to mention a great revenue source for both UQM and Quantum.
“We are pleased to be selected by Quantum … Read the rest
Square solar cells are all the rage these days. Somebody thought of a brilliant plan .. how about we make our solar cells square for more surface area? Brilliant!!! Solarfun (SOLF) announced their square cells which lead to 5% more efficiency last summer and this morning Trina Solar (TSL) has announced that they too have developed a square monocrystalline cell that achieves up to 18.8% efficiency in a lab setting.
“We are excited to … Read the rest
The following article is republished with permission from Cabot and written by Andy Obermueller of Government-Driven Investing.
The President’s health care initiative rests on a shelf with little talk in Congress about what’s next for the sweeping overhaul. At the same time, Mr. Obama has re-positioned the chessboard for his climate-control bill, suggesting at a town-hall meeting in Nashua, New Hampshire, last Tuesday that the legislation might need to be split: One bill would contain … Read the rest
If you thought flying was expensive now, just wait 10 years when increasing jet fuel shortages double ticket prices. Unless of course jet biofuel production takes off which it’s expected to do so in the coming years. I’ve written quite a bit about Rentech (RTK) here which develops synthetic jet fuel from coal. Its fuel was approved last year for use in aircraft and the company is putting the pieces in place to produce it … Read the rest
Euro Tech Holdings (CLWT) is surging a bit more than 10% this morning and getting back above the $2 buck level on news its subsidiary Yixing PACT was recently awarded a $3.8 million wastewater treatment contract by a Korean stainless steel company. Yixing will be responsible in designing and installing a 5k cubic meter/day treatment system, a 860 cubic meter/hour direct water cooling system, a 4.5K cubic meters/hour indirect cooling water system, a 50 cubic … Read the rest
Suntech Power Holdings just announced that it is trying to triple its US sales this year, from 15 percent of the US market to 20 percent. The company also expects to expand its network of dealers in the US.Although some industry analysts are concerned that subsidy cuts in Germany could cut demand for solar panels, Suntech is optimistic htat lower polysilicon prices and increased demand from the US will balance it out.
In an interview … Read the rest
Rubicon Technology (RBCN) is getting closer to returning to profitability, reporting a loss of .04/share on revenues of $8.5 million, both of which beat analyst estimates of a .05 loss on revenues of $7.3 million. Sequential revenue continues to improve quickly with 49% growth over last quarter. The company expects to return to profitability next quarter with estimates of an EPS of .03 gain on revenues of $10.5 million. Both estimates are above Wall St … Read the rest
Energy Conversion Devices (ENER) posted another big loss this morning as the red ink continues to flow. Taking out one time costs for the integration of Solar Integrated Tech, restructuring and inventory write offs, the company still reported a big loss of $25.6 million or a loss of $.56/share which is an increase from last quarter’s loss of .34. Wall St expected a loss of .43/share. On the bright side, the company did show sequential … Read the rest
It may be awhile before Zoltek (ZOLT) returns to the glory days of 2006/2007 when the company was reporting big sales and profits growth. Revenues continue to slide just as they have over the past two years and that trend isn’t showing any signs of abating. The company missed Wall St estimates of $33 million in revenue by posting $29 million, a 25% decrease from the year ago quarter. EPS was .02 share better than … Read the rest