The news is in on Quantum which will produce the propulsion systems for Fisker Automotive. The US government and Fisker Auto have agreed to terms on a loan of more than half a billion bucks to create fuel efficient hybrid and electric cars. A majority of the low-interest funds goes to Project NINA, which will oversee the design, engineering and assembly of Fisker cars with the remainder being used to finalize development of the Karma. … Read the rest
All posts by Tate Dwinnell
Quantum Fuel Systems (QTWW) Breaking Out Big Above $1 And Aug Highs
I don’t see any news on QTWW as of yet, but it’s moving big here, taking out the dollar level and the Aug highs. It’s overextended intraday, but this move is extremely bullish.
Ascent Solar (ASTI) Surges Above 50DMA On Goal Zero Portable Power Deal
Ascent Solar (ASTI) is moving up nearly 10% with good volume today after it announced this morning that it has signed a supply agreement with Goal Zero which will use over 30K ASTI solar modules in custom electronic portable power applications to arrive on the market next year.
Ascent Solar CEO Farhad Moghadam said, “Electronic and portable power applications are a natural end product use of our material. Provo Craft is an excellent customer to … Read the rest
Wedbush Morgan Maintains Neutral On Sunpower (SPWRA), Raises Price Target
Wedbush Morgan is out this morning maintaining its Neutral rating on SunPower Corporation (SPWRA), but raising its price target from $25 to $33.
Hat tip to StreetInsider.com for the following analyst comment:
“We expect systems revenue will accelerate in 2010 as larger PV projects move forward. Given the company’s 2010 project pipeline, we expect to see a significant uptick in systems revenue next year. We note that the 250 MW project for PG&E is expected … Read the rest
Construction to Start Again on Hoku’s (HOKU) Idaho Plant
Hoku’s Pocatello plant just got another reprieve. According to Reuters, Hoku just announced that construction will begin again on its Pocatello, Idaho plant. Under the change order agreement that Hoku entered into with construction company JH Kelly, Hoku will pay JH Kelly $5 million of the total $12 million that is past due. JH Kelly hold off foreclosure proceedings until after December 1st of this year, and as long as Hoku makes the pre-payment … Read the rest
ENN Awards Applied Materials (AMAT) 5-Year Contract
Applied Materials just announced that it has been awarded a 5-year contract by ENN Solar Energy Co., Ltd. Under the contract, Applied Materials will provide maintenance, spare parts management, and analytical services for the Applied SunFab™ Thin Film Line at ENN’s solar plant in Langfang, China. Applied Material’s expertise will help ENN obtain optimum performance and the best possible output from the line.
In a press release, representatives from both companies commented on the … Read the rest
Sunpower (SPWRA) Building Portion Of Italy’s Largest Solar Plant
Sunpower (SPWRA) has designed and started construction earlier this year of Italy’s largest solar plant, called the Montalto di Casto project, it was announced today. Sunray Renewable Energy is the Italian company working with Sunpower as the developer and owns the project which is being financed, in part, by a consortium of international and Italian banks. This 24MW plant is phase 1 of a larger 100MW project and will feature Sunpower’s Tracker technology which … Read the rest
Converted Organics (COIN) Moving Premarket On News That Many Customers Re-Ordering
Converted Organics (COIN) is out this morning pumping up its stock, saying that they have received re-orders for its organic granular and liquid fertilizers from a variety of customers. Converted Organics Inc. (NASDAQ:COIN) announced today that the Company has received re-orders for its organic granular and liquid fertilizer products from a wide spectrum of existing customers, including golf courses and country clubs, lawn care professionals, and agricultural growers.
“Our customers report being extremely pleased with … Read the rest
Daystar (DSTI) & EPOD Solar Set To Merge Operations/R&D, Stock Moving
Daystar (DSTI) may get some upside momentum in the coming days on news that they will merge operations and R&D with EPOD Solar of Canada in order to bring the CIGS thin film technology to commercial production much quicker. The two companies plan to sign definitive agreements and complete the transaction as soon as possible which is subject to due diligence reviews and regulatory filings. It may also need to be approved by DSTI shareholders. … Read the rest
Capstone Turbine (CPST) Receives $1.5 Million Colombian Order For Two C800 Microturbines
Capstone Turbine (CPST) is moving up about 5% today and continues to look very bullish on the daily chart following news of another order for its C800 microturbine systems. The $1.5 million order is for a new 10 story building in Colombia and represents the first sale in this country and the 2nd in South America. The microturbines will provide low emission base load power for the building as well as thermal energy for … Read the rest