THINK City just announced that it will be working with Aerovironment to create a new fast-charge system for the Think City Electric vehicle. The goal? 80% charge in 15 minutes! This would address one key weakness of electric cars-long charging times that put the vehicles out of commission for hours once you’ve used up all the juice.
In a press release, Michael Bissonette, Aerovironment’s senior vice president and general manager of its Efficient Energy … Read the rest
EMCORE (EMKR) is winning an increasing number of solar panel contracts to be used in spacecraft and it got another one today. The company announced a $9 – 11 million deal to provide solar panels for ATK Space Systems UltraFlex solar arrays to be used in the Orion spacecraft being developed by Lockheed Martin for NASA. The initial contract is for two vehicles, but could be expanded.
The Orion is expected to be the … Read the rest
I wasn’t able to track all the latest and greatest in the world of green stocks yesterday, so getting this out a bit late. PowerSecure (POWR) surged nearly 10% yesterday with heavy volume off its 200 day moving average after issuing a press release stating the company is off to a rip roaring start here in 2010. They announced a total of $35 million in new business landed in late December, early Jan for smart … Read the rest
FPL Group (FPL) beat Wall St estimates this morning, posting .79/share, but the positives stop there. Quarter over quarter revenue growth came to a halt for the the first time in a few years with a 12% decrease over the year ago quarter. Earnings also decreased from the year ago quarter.. by 9%.
The company attributed some of the weakness to its NextEra unit which was hit by the extension of a planned outage … Read the rest
Quantum Fuel Systems (QTWW) reported earnings results after the bell yesterday, beating Wall ST estimates on both the EPS and revenue side with a loss of .03/share on revenues of $6.2 million. Analysts had expected a .07/share loss. Revenues slipped 35% over the year ago quarter which the company attributed to the end of a supply contract with GM for hydrogen fuel storage systems. However, the company continues to trim its losses as cost reduction … Read the rest
Energy Focus (EFOI) has received 3 grants totaling $1.6 million this morning for its LED lighting solutions. The R&D team won two Phase 2 Small Biz Innovation Research awards from the Defense Research Projects Agency and one Phase 1 Small Biz Technology Transfer grant from NASA
EFOI CTO Roger Buelow provided more details on the awards saying, “We’re excited about the two additional awards from DARPA continuing our longstanding relationship. The STTR award is … Read the rest
According to StreetInsider.com, Jefferies is out with several solar upgrades following the two week plunge.
SunPower (SPWRA) upgraded from Hold to Buy, but price target lowered from $30 to $29. Shares are up 2.5% to $21.75 this morning. Shares are up about 3% in premarket trading.
Suntech (STP) upgraded from Underperform to Hold with a $12 target. Shares are basically flat in premarket trading.
Solarfun (SOLF) upgraded from Underperform to Hold with a $7 … Read the rest
American Superconductor (AMSC) received an order for a fair amount of stuff this morning. Stuff, specifically meaning 100 sets of wind turbine electrical components to be used in 2MW turbines by China’s XJ Group power. The company is ramping up production and now has an annual capacity of 1000MW, making them the 3rd AMSC customer to enter volume production of advanced wind turbines in China. Considering XJ Group’s parent company State Grid supplies power … Read the rest
Phew! What a day, what a day… I woke up at 5:30 this morning to discover the site was down. Alison sent me an email notifying me of the outage and my server monitoring script notified me as well. When I saw it was a formatting error in the code, I knew it was going to be a LONG day. I had been hacked.
Fortunately it wasn’t all that malicious. Having been hacked a couple … Read the rest
Clean Energy Fuels just announced that it has been given a 10 year supply contract from the Dallas/Fort Worth International Airport. Under the agreement, Clean Energy Fuels will build and operate a CNG fueling station for the airport’s new fleet of CNG-powered shuttle buses. The airport plans to replace all 46 of its shuttle buses with CNG vehicles and to set allow CNG vehicles from the surrounding community to use the CNG fueling station. At … Read the rest