MEMC Electronics (WFR) reported after the bell tonight and the headlines coming out would have you believe that the quarter was a bit of a disaster with the company posting a .29 EPS loss. Here at GreenStocks I like to dig a little bit deeper and get to what’s really going on after all the one time gains and losses. If you take out the one time restructuring and impairment charge of $39.7 million, a … Read the rest
All posts by Tate Dwinnell
MEMC Electronics (WFR) Diversifies With Purchase Of SunEdison
MEMC Electronic (WFR) announced today it’s diversifying its business with the $200 million purchase of the largest North American solar services provider SunEdison. The payout will include cash and options and is expected to close by the end of the year and begin contributing to earnings in the second half of 2010.
This is a good move in my opinion and positions the company as a complete solar provider while creating greater efficiencies for … Read the rest
SunPower (SPWRA) Posts Strong Results But Sinks AH
Sunpower (SPWRA) kicked off the solar earnings season tonight with a strong quarter, beating analyst estimates by a wide margin and matching the whisper number of .42/share. Revenues also came in better than expected at $466 million vs the estimate of $420 million. That represents a 26% decrease from the year ago quarter on the earnings side and a 24% increase on the revenue side/ The company guided about in line for the full year … Read the rest
Quantum Fuel Systems Technologies (QTWW) Announces New Diesel Hybrid Drivetrain
Quantum Fuel Systems Technologies has just released a new hybrid diesel/electric drivetrain, the Quantum Q-Force that can be used in both military and commercial vehicles. The drivetrain, which is the product of 6 years of development, will make its debut in a new hybrid military Alternative Mobility Vehicle (AMV).
The drivetrain design includes several features that improve efficiency, minimizing both fuel consumption and battery size.
In a press release, President and CEO Alan P. … Read the rest
Trina Solar (TSL) Gets 108MW Supply Deal With PROINSO
Trina Solar (TSL) is announcing a new 108MW supply deal this morning with PROINSO, a European distributor of solar equipment. Shipments are expected to begin soon and continue through the first half of next near with PROINSO having the option to purchase another 12MW in the first quarter of next year. The solar modules will be sold at predetermined prices and will be used in projects in Spain and Italy.
Said a VP of Trina, … Read the rest
LDK Solar (LDK) To Supply Largest Rooftop Solar Installation In Benelux
It was announced after the bell today that LDK Solar (LDK) will be the solar module supplier for the largest rooftop solar installation in Benelux which is an economic union between Belgium, the Netherlands and Luxembourg. LDK will supply 18K solar modules which will be installed on the Balta Group’s (manufacturer of carpets, rugs and flooring) rooftop factory in Belgium and provide a peak capacity of 4.2MW. Efinity will be doing the install.
“We are … Read the rest
Suntech (STP) Aims For Utility Market In US
Suntech just announced that they will start shipping a larger solar power system suitable for utility-sized projects later on in the year. The system, called Reliathon, will be available starting next year, and can be used for projects greater than 10 MW in scope.
By reducing the number of bolts and the amount of wiring required for the Reliathon system, Suntech has managed to reduce its installation costs by 10%. Two years from now, the … Read the rest
Ascent Solar (ASTI) Achieves New Efficiency Milestone
Ascent Solar just announced that they have achieved a new manufacturing milestone: 14% cell efficiency for the CIGS-on-plastic-substrate cells produced at Ascent’s Fab1 plant in Littleton, Colorado. The 14% efficiency was measured by NREL, and Ascent also says it has been able to achieve 11.7% efficiency in tests of its monolithically integrated CIGS modules from the same plant.
In a company press release, Dr. Farhad Mogahadam, President & CEO for Ascent Solar, commented on … Read the rest
Verenium Corporation Signs Agreement With VPP To Develop Ethanol From Paper/Pulp Wastes
Verenium Corporation just announced that it has signed an agreement with Value Prior to Pulping (VPP), an organization that is a special project between the American Forest and Paper Association and Cleantech Partners, Inc. Under the agreement, the two organizations will work together to try out Verenium’s C5 technology to see how well it works for making ethanol from hemicelluloses created during the pulp and paper process.
If it works, an average kraft mill (producing … Read the rest
Cree Inc (CREE) Benefiting From "LED Revolution", Posts Another Strong Quarter
Cree Inc (CREE) reported another strong quarter and is up in after hours trading as they continue to emerge as the top play in the LED lighting space. The company reported an EPS of .30/share which beat estimates by .08/share and represents a doubling of the year ago EPS number. Revenues also came in strong at $169 million and represents a 20% increase over the year ago quarter. The company sees next quarter EPS about … Read the rest