Cree Inc (CRFE) has taken a bold step after hours in order to further expand its role as LED leader with a purchase of Wisconsin based Ruud Lighting which specializes in outdoor LED lighting. In my opinion great move from Cree since LED lighting may be adopted on a wider scale first in the outdoor setting. The acquisition creates a powerhouse in the indoor and outdoor LED arenas.
All posts by Tate Dwinnell
Cereplast (CERP) Revs Continue To Soar, But Posts Wider Loss
Cereplast (CERP) is an exciting company and a leader in the bioplastics movement as regulation, particularly in Europe, increases demand for biodegradable containers and packaging. However, as revenues continue to soar over the year ago period, the company isn’t getting any closer to profitability. That will have to change soon or the stock won’t get off the ground like it did a few months back.
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The … Read the rest
China Ming Yang Wind Power (MY) Misses Badly, But Bounce Coming?
It’s been a mighty rough go for any stock related to wind energy and China Ming Yang (MY) is no exception as the stock continues to drift lower and lower. It’s latest earnings report isn’t providing any help. The company, while profitable, missed analyst estimates by a wide margin reporting an EPS of .10/share (vs estimate for .20) on revenue of $217 million (vs estimate of $240 million. The more than two year streak of … Read the rest
Nexxus Lighting (NEXS) Revenues Surge, But Profits Remain Elusive.. For Now
Nexxus Lighting (NEXS) remains a micro cap LED stock with a ton of potential. With a Lowe’s deal in place and a focus on the consumer market, the company could see tremendous growth in the coming years IF LED lighting costs come down far enough to reach the average consumer. The company is seeing nice revenue growth off a small base, but profits remain elusive up to this point.
Kandi Technologies (KNDI) Reports Solid Quarter On Go-Kart Growth
The key for longer term growth for Kandi Technologies (KNDI) is sales of electric cars in China. While the company continues to build on that strategy, sales remain strong in its legacy go-kart and ATV business. The company reported a profitable quarter with very good quarter over quarter non GAAP EPS growth of 75%. However, revenues remained stagnant over the year ago quarter.
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"Kandi … Read the rest
As Expected, Evergreen Solar (ESLR) Files For Bankruptcy
I first mentioned in a post in Feb 2010 that Evergreen Solar (ESLR) better cut costs in a hurry or it would be bankrupt within a year. The company managed to hang on a bit longer than that, but today it’s official. The company has declared bankruptcy as their shift to manufacture in China was too little too late. The entire solar sector has taken a hit in recent months and that was the final … Read the rest
A123 Systems (AONE) Soars On General Motors (GM) Lithium Battery Deal
Earlier today, A123 Systems (AONE) got some much needed good news and it was big news leading to a nearly 50% spike in the stock. General Motors (GM) awarded the company a production contract for batteries to be used in future GM electric vehicles to be sold in select global markets. The deal expands upon the existing relationship between the two companies to further the development of advanced batteries.
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First Solar (FSLR) Sees Green On Desert Sunlight Approval, Jefferies Upgrade
Despite more carnage in the overall market today, shares of First Solar (FSLR) managed to find its way into the green column, aided by news that Interior Secretary Ken Salazar approved the 550MW Desert Sunlight solar farm which would be the largest solar plant ever constructed on public land. First Solar said the approval is a major milestone and clears the way for construction to begin this month just east of Palm Springs. The plant … Read the rest
Satcon Technology (SATC) Pressured On EPS Miss, Weak Guidance
Another solar company earnings report and the song remains the same. EPS hit with soft guidance due to European subsidy cuts. Satcon Technology (SATC) is issuing an earnings report right along the lines of other solar companies with revenues about inline with estimates at $46 million, but a with significant miss on the EPS side posting a loss of .18/share vs the estimate for a .12/share loss.
Renesola (SOL) Misses Big On EPS Due To Plummeting Wafer & Module Pricing, Issues Poor Guidance
Is the worst for solar stocks over? It’s still too early to make a definitive statement but when you see stocks rising in the face of bad news then you know traders are looking for excuses to buy rather than sell. That’s one indication a bottom is near. Perhaps that’s the case for shares of ReneSola (SOL) which reported Q2 results this morning.
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While the company beat … Read the rest