According to StreetInsider.com, Collins Stewart is out this morning joining the solar bull parade and raising the targets and estimates for both Canadian Solar (CSIQ) and Trina Solar (TSL).
They reiterate the Buy rating on Canadian Solar and padded the price target to $40 from $26. The firm cites “slightly higher volumes and a higher average selling price in Q210.” Raised Q2 ASP assumption from $1.70/w to $1.80/w and its CY10 shipment forecast from … Read the rest
A few solar upgrades to report this morning…
Suntech Power (STP) was raised to Neutral from Underperform by Macquarie. Shares are up about 3% on the upgrade. Click Here For Your FREE Suntech Analysis
Sunpower (SPWRA) was upgraded by Europe’s SocGen from Hold to Buy and raised the price target from $29 to $31.moving this morning as we have an analyst upgrade over at Europe’s SocGen. The firm raised its investment rating on SunPower shares … Read the rest
Cree just announced that they have been awarded $39 million in tax credits as part of the Recovery Act Advanced Energy Manufacturing program. The tax credits will allow Cree to expand their business and hire more employees. Cree applied for the tax credits in October 2009.
In a press release, Michelle Murray, a spokesperson for the company, commented on the credits:
“This investment is part of Cree’s already-announced capital plans, and includes additional investments … Read the rest
Solarfun Power (SOLF) is surging 4% in premarket trading after announcing it has (had) won three contracts to supply a total of 12.65 MW in PV modules for projects in China, most of which is for a project in Xuzhou City. The 10MW for this project were already delivered last quarter and the additional 2.65MW is for a government funded project in Anhui Province which are expected to be delivered sometime this year … Read the rest
American Superconductor (AMSC) is announcing it has sold a 4th D-VAR power grid system in China to Xiamen Red Phase instruments who the company also announced would be a new sales partner in southern China. It’s expected to be delivered in July. The D-VAR increases the reliability of the power grid through voltage regulation, easing congestion and preventing blackouts. It’s used in over 50 wind farms worldwide.
AMSC CEO Greg Yurek commented, “We are very … Read the rest
It’s a common question.. should Nuclear/Uranium be considered green? In some regards yes. In some regards no. It could certainly be argued that it’s a green source of energy in that nuclear energy doesn’t emit the kind of pollutants that a coal fired plant would, but the resulting nuclear waste is anything but green and a growing problem. At any rate, I’ve decided to discontinue the Nuclear/Uranium section and coverage of the stocks in this … Read the rest
ErerNOC just announced that Morgan Stanley is using its Monitoring-Based Commissioning (MBCx) Energy Efficiency software to save energy at its headquarters in Manhattan. The software reviews energy use in the building to identify energy inefficiencies so that they can be corrected.
In a press release, Tim Healy, Chairman and CEO of EnerNOC, commented on the news:
“One of the most unique aspects of this deployment is that Morgan Stanley’s facility was commissioned just prior to … Read the rest
Calgon Carbon (CCC) announced a total of $34 million in new contracts this morning from 3 electric power companies and one cement plant to reduce their mercury emissions with the use of Calgon’s FLUEPAC activated carbon system. The contract range from 1 – 5 yrs and can be extended beyond the initial terms.
Calgon said in the press release that it expects the EPA to finalize regulations this year requiring the cement industry to control … Read the rest
Pacific Ethanol just announced that it is once again producing ethanol at its Magic Valley facility in Idaho. The plant hasn’t been in production since February 2009, when unfavorable market conditions caused Pacific Ethanol to shut it down. The company received approvals from the court handling its bankruptcy petitions and from its lenders to restart production at the plant in December, and now it is up and running again.
In a press release, Neil … Read the rest
Yingli Green Energy just announced that it has signed 5 sales agreements with Spanish customers, for a total of 30 MW. All 30 MW are expected to be delivered in the first half of 2010.
In a press release, Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy, commented on the news:
“We are pleased to see continued demand for our high quality modules in Spain. Following the global financial crisis and … Read the rest