UQM Technologies (UQM) is getting a boost from the government this morning with a $45 million cost share grant for the advancement of electric cars, lithium batteries and all the equipment needed to produce and deploy. The company will be eligible to recover half of any costs, but may be required to pay back loans used for assets greater than $5K. The company will also need to provide detailed reports about where the money is … Read the rest
All posts by Tate Dwinnell
Cree Inc (CREE) Impresses Again, Shares Surge Back To Resistance At 60
Another very impressive quarter for Cree Inc (CREE) and traders are responding after hours by sending the stock up nearly 10% back to the big resistance area around 60. It will be interesting to see if it can take out that level and find a new level of support. I’m skeptical and if I were holding this stock into earnings, I’d be taking some profits off the table into the gap up tomorrow.
The company … Read the rest
Quantum Fuel (QTWW) Selected As Qualified Solar Supplier By City Of LA
Quantum Fuel Systems (QTWW) is announcing that it is one of 12 companies that has been selected by the LA Dept of Water & Power to be qualified suppliers for materials and services necessary for solar power projects around the city to meet the Renewable Portfolio Standard mandate. This is an initial three year, $455 million effort to meet the goal of 20% renewable energy this year and 35% by 2020 with a goal of … Read the rest
Xcel Energy (XEL) Completes BRIGO Transmission Projects
Xcel Energy just announced the completion of their Buffalo Ridge Incremental Generation Outlet (BRIGO) Transmission Projects, which will increase the company’s ability to distribute wind energy to customers in Minnesota and South Dakota.
The projects involved installing over 50 miles of new transmission lines, and are part of a larger effort by Xcel to upgrade its transmission capabilities in the region. Since 1999, Xcel has increased the systems capacity from 260 megawatts to approximately 1,200 … Read the rest
EnerDel (HEV) And ITOCHU Collaborate On Another Smart Grid Battery Storage Project
EnerDel just announced that it will be collaborating with ITOCHU Corporation on another smart grid battery storage project, this time for a major Tokyo apartment building. The system will link renewable, high speed charging outlets for electric cars with the power grid, and is the second such project the two companies have undertaken together.
The apartment building is new-residents are scheduled to start moving in in 2011. ITOCHU plans to build the grid storage systems, … Read the rest
Cree Inc (CREE) & JA Solar (JASO) Get Downgrades
Cree Inc (CREE) is being hit with another downgrade this morning, this time from Brigantine Advisors (first I’ve heard of them) to a Sell rating due to valuation concerns. Hat tip to StreetInsider.com for the following analyst comment:
“Based upon our checks, we believe that demand and pricing for LEDs was very robust in the December quarter, and Cree likely enjoyed strong business trends. Seasonally strong demand from Notebook PCs and LED-backlit televisions appear to … Read the rest
GE Energy (GE) Gets Wind Turbine Supply Contract With HECIC New Energy Co., Ltd
China’s HECIC New Energy Co., Ltd has selected GE Energy to supply wind turbines for 3 wind projects three new projects in Hebei and Shanxi Provinces. Under the agreement, GE will supply 88 1.5-megawatt wind turbines to HECIC New Energy. To make the turbines easier to connect to the grid and to improve reliability and stability, they will include GE’s Low Voltage Ride-Through and Wind Farm Management Systems technology.
GE has already supplied 895 of … Read the rest
Broadwind Energy (BWEN) Feeling The Canceled Pickens Wind Turbine Order
There’s a good piece from Eric Savitz over at Barron’s discussing the loss of business Broadwind Energy (BWEN) faces following the cancellation by Boone Pickens of half of that large, $2 billion wind turbine order from GE. Broadwind supplies parts to GE for these turbines and the stock is getting hit as a result. The selling picked up yesterday and continues today with record sell volume. A return to the November lows appears inevitable.
Savitz … Read the rest
Energy Conversion Devices (ENER) Will Build Manufacturing Facility In France
Energy Conversion Devices just announced that it will build a 30MW solar laminate manufacturing facility in France. The company has not settled on a site yet, but is considering locating the facility in Alsace.
In a press release, Mark Morelli, ECD’s president and chief executive officer, explained the decision:
“France is one of the world’s fastest growing and most progressive solar markets. It has expressed its long-term support of alternative energy in the Grenelle … Read the rest
Yingli Green Energy (YGE) To Establish China’s State Key Laboratory of PV Technology At Its Manufacturing Base
Yingli Green Energy (YGE) just announced that the Chinese government has approved the company’s application to use their manufacturing base in Baoding, China as the site of the country’s first State Key Laboratory of PV Technology. The purpose of the laboratory will be to foster the development of world class solar PV development in China, and Yingli will have dibs on commercialization rights to technologies developed there.
In a press release, Mr. Liansheng Miao, Yingli’s … Read the rest