Collins Stewart upgraded First Solar (FSLR) from Hold to Buy this morning and has a price target of $160.
Hat tip to StreetInsider.com for the following analyst comments:
The firm notes that its downgrade in March was “due to concerns that its CY10 EPS was at risk due to impending module price cuts and its significant valuation premium at the time.” With the Street’s estimates for next year coming down, in addition to a narrowing … Read the rest
What started out as a shaky day for A-Power Energy (APWR) has turned into a great day. The stock is surging off the lows of the morning after missing analyst expectations and has announced two new deals. The first was the construction contract with Tieling Cement and now the company is announcing it has signed an agreement with Pakistan Amraas Intl to construct and operate two 25MW biomass power plants as well as a geothermal … Read the rest
BporgWarner turbochargers are being used to improve performance in new compressed natural gas (CNG) engines from Opel and Volkswagon. BorgWarner’s technology is currently being used in the Opel 1.6-liter compressed natural gas (CNG) engine and the VW 1.4-liter TSI EcoFuel engine.
With the help of BorgWarner’s turbochargers, both engines were able to achieve 150 horsepower, so they have the pickup that previous CNG engines lacked while still providing great fuel economy and low CO2 emissions. … Read the rest
Canadian Solar just announced its intention to build a new solar panel manufacturing plant in Ontario, Canada. The company is currently making plans and determining the plant’s exact location, size and cost. The plans are expected to be finalized next year. Tentatively, the company plans to build a 200MW plant with an estimated cost of approximately C$24 million. A plant of this size would create 500 new manufacturing jobs and produce enough solar modules to … Read the rest
A-Power Energy (APWR) is surging off the lows following its earnings report this morning and there is more good news to report for APWR shareholders. The company has announced that it has signed a $16 million contract with Tieling Cement to act as the general contractor for a waste to heat power generation facility in Tieling City. The project will begin this month and is expected to be completed within the next 6 months.
Jinxiang … Read the rest
Appliance Recycling Centers of America just announced that it has a new contract with Great River Energy to recycle refrigerators and freezers for Great River Energy’s member co-ops in Minnesota. The contract runs from April 1, 2010 and run through September 30, 2010 and will support an incentive program to encourage Great River Energy’s customers to trade in old, inefficient freezers and fridges for newer, more efficient models. While the program is running, customers can … Read the rest
Many traders were expecting more out of A-Power Energy (APWR) this quarter and once again they were disappointed as the company missed analyst estimates by a decent margin this morning. APWR has made a habit of missing estimates and selling off in recent reports, but I have to admit, I was kind of hoping that they would miss this quarter so I could add shares at a lower price. Looks like I may get my … Read the rest
I was just perusing the blogosphere for the latest news in the green energy space to get other view points, keep up to date with what’s going on and possibly pin point some investment ideas I haven’t thought of. I don’t think I’ll be using the TheStreet.com as a source of good info. I came across a post at TheStreet.com calling smart grid investments “not so smart”. I had to read it twice to make … Read the rest
Real Goods Solar (RSOL) has had quite a run off the Nov lows, more than doubling in price. The stock has surged again today with heavy volume on news it has signed a 790kW residential solar deal that will have the company designing and installing solar electricity across several affordable housing communities in San Francisco and Richmond, CA. Up front installation costs for the solar power were slashed with the help of San Fran’s GoSolarSF … Read the rest
Solutia just announced that its Therminol® D12 and Therminol 66 synthetic heat transfer fluids will be used in LDK’s new 15,000 metric ton polysilicon plant in Xinyu City, China. Solutia’s heat transfer fluids have been used in several solar power-related projects this year, both in the manufacturing of polysilicon and to absorb and transfer energy from sunlight in concentrating solar power plants.
In a press release, Mr. Richard Altice, Vice President of Commercial Services … Read the rest