Last night JA Solar (JASO) raised guidance and announced a share repurchase program. Piper Jaffray is responding this morning by reiterating their Overweight rating and raising the price target from $6 – $7.
Hat tip to StreetInsider.com for the following analyst comment:
“JASO provided new guidance after the close on December 14 for 4Q09 shipment to be more than 210MW, vs. prior guidance of 170-200MW and our estimate of 185MW, on current customer orders … Read the rest
Yingli Green Energy (YGE) has announced the largest contract in its history as it signed a 130MW solar supply deal with IBC Solar of Germany and will ship the modules throughout 2010.
CEO Liansheng Miao commented, “This cooperation with IBC SOLAR, one of the world’s largest suppliers of ready-to-use PV systems and all of the individual components for producing solar electricity, will further enhance our representation in major solar markets worldwide. In addition, this agreement … Read the rest
Rentech (RTK) has had a great few months on a flurry of good news, but tonight the good news streak comes to an end. The company reported a big plunge in revenues from the year ago quarter due to the weak economy and lower corn prices. The company reported just $24.7 million in revenues, representing a 75% plunge from the year ago quarter. The EPS loss matched the year ago quarter at -.03/share.
The … Read the rest
By Jeff Siegel of GreenChipStocks.com
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In the 1973 movie Papillon (adapted from the 1969 French novel by Henri Charriere), there’s a scene where Papillon is considering jumping off a cliff to escape the island on which he is being imprisoned. His friend Dega says, “It seems so desperate. You think it will work?”
And Papillon replies, “Does it matter?”
Papillon had two options: Stay on the island and … Read the rest
U.S. Geothermal (HTM) announced this morning that its subsidiary USG Oregon LLC has signed a 25 year power purchase agreement (“PPA”) with Idaho Power, a subsidiary of Idacorp (IDA) for the sale of up to 25MW from their Neal Hot Springs project in Oregon. Surprisingly, the stock didn’t move at all on the news, but it could very well move once the PPA is approved by the Idaho Public Utilities Commission in the … Read the rest
JA Solar (JASO) staged a very bullish breakout move today with heavy volume, up 16% on the day. It’s up another 6% in after hours trading after the company raised its 4th quarter and full year 2009 guidance and announced a share repurchase plan.
Due to strong demand, the company expects 4th quarter shipments to exceed 210MW which is above the previous estimate of 170 – 200MW. For the full year 2009, the company expects … Read the rest
First Solar (FSLR) will issue 2010 guidance in a webcast on Wednesday and analysts are weighing in ahead of the event.
Hat tip to StreetInsider for following the analyst comment from Pacific Crest:
Mark Bachman at Pacific Crest really went out on a limb and said the meeting should have one of two results – “up or down.” He said 2010 capex and 2011 EPS are the key metrics at the event. Long-term investors will … Read the rest
Covanta just announced that it has started production on a energy-from-waste facility located in Dublin, Ireland. The facility, which is being built as a Public Private Partnership between Dublin City Council and Dublin Waste to Energy Limited (owned by Covanta), will have the capacity to process 600,000 tons of waste per year, creating enough energy to power 60,000 homes.
The estimated time to complete the facility is 3 three years. Covanta subsidiaries are responsible for … Read the rest
Energy Conversion Devices (ENER) is announcing an agreement with Endesa in Spain to install 3MW of UNI-SOLAR(®) photovoltaic (PV) laminates on the rooftops of two Coca-Cola Company buildings in Seville. ENER will manage construction of the project set to begin this quarter and includes the Uni-Solar laminates being bonded to Giscosa waterproofing and applied to the roof. Endesa will own and manage the system which is expected to be completed within the next six … Read the rest
LDK Solar (LDK) is announcing this morning that they have signed a contract with Efinity of Belgium to supply them with about 50MW to be delivered in 2010. The two companies have worked together in the past and are expanding their relationship.
Shares are up about 2% in premarket trading.… Read the rest