A couple days ago, shares of First Solar (FSLR) first indicated that a possible bottom to the correction was in place. Jefferies came out with cautious comments but also indicated that there was significant upside potential and traders bid up the stock. I mentioned the move could be a catalyst for a surge above the 50 day moving average. That was the case yesterday with the stock closing above the 50 day moving average for … Read the rest
All posts by Tate Dwinnell
Westport Innovations (WPRT) & General Motors (GM) To Partner On Natural Gas Vehicle Development
Significant news hit yesterday in the world of natural gas vehicles. Nat gas engine extraordinaire Westport Innovations (WPRT) announced it will work with General Motors (GM) for the advancement of natural gas engine technology. The company also announced it plans to open a new R&D center in Michigan.
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"We are excited to work with GM and invest in advanced natural gas technology for the automotive … Read the rest
Tri-Tech Holdings (TRIT) Surges After Announcing $20 Million Water Treatment Contract
Tri-Tech Holdings (TRIT) continues to move up off 52 week lows after announcing yesterday that it has won a $20 million contract for the expansion phase of the Ordos City water treatment plant which is a follow up to the initial contract awarded to TRIT last year. Tri-Tech is working on the project through a joint venture with Beijing Anguo and is responsible for design, procurement, installation, training and maintenance. The plant is behind … Read the rest
Traders Bid Up First Solar (FSLR) Despite Mixed Jefferies Comments
Shares of First Solar (FSLR) continue to hang in around the $120 level and today got a much needed jolt higher above that level with volume. The move is a little surprising considering Jefferies came out with cautious comments on the company saying they believe they will lower guidance when they report earnings in August. Jefferies lowered Q2 estimates from $.94 to $.90 (below consensus of $1.00).
Good Night A-Power Energy (APWR)
Perhaps last night’s news of an auditor resignation and another filing delay is the nail in the coffin for APWR at least for a very long time. APWR warned in April that a delay was coming, but the resignation of the auditor comes as a surprise. I began been bashing the management of this company last year (much to the chagrin of one APWR pumper) for showing a consistent lack of credibility and it’s no … Read the rest
China Sunergy (CSUN) Announces Major Capacity Expansion To Produce Next Gen Solar Cells
Despite continued concerns about a solar slowdown in Italy and Germany across the solar industry, China Sunergy (CSUN) is forging ahead with a plan to increase solar cell capacity by con-investing $1.8 billion (RMB) in a 1GW expansion project. The first batch of 500MW is expected to be commercialized within a year. China Sunergy will be producing its newly developed Quasar cells with an increased efficiency of 18.85% and hopes to achieve 20% efficiency with … Read the rest
STR Holdings (STRI) Lowers Guidance, Shares Plummet
STRI Holdings (STRI) is hitting new 52 week lows this morning after the company lowered Q2 guidance. The company now expects revenues in the range of $98 – $101 million vs the previous expectation for $104 – $110 million. The lowered guidance is a result of lowered expectations for its solar business. Non GAAP EPS is also expected to come in lower at $.30 – $.32 vs prior guidance of $.38 – $.42.
====> … Read the rest
A123 Systems (AONE) Pops On Morgan Stanley Upgrade, Sees Shares Doubling
After sinking to new all time lows last week, shares of A123 Systems (AONE) are popping higher today on news that Morgan Stanley upgraded to Overweight from Equalweight and raised the price target to $9/share which would be a double from Friday’s closing price.
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The firm cites three catalysts as well as revenue visibility.
1. Sees revenue ramp (could top 2009 & 2010 totals over next … Read the rest
GT Solar (SOLR) Announces $3.75 Million Order For Sapphire Material From II-VI (IIVI)
GT Solar (SOLR) announced an order earlier this morning for $3.75 million for sapphire material from a subsidiary of II-VI (IIV) to be used in multi-spectral aerospace applications. Delivery of the material has already begun. This is a small order for SOLR but highlights the fact that the company can expand beyond just the LED market for its sapphire material. No wonder the stock still trades up around all time highs and continues its bullish … Read the rest
Advanced Battery Technologies (ABAT) Gets $14.7 Million Order For Electric Bikes & Scooters
Advanced Battery Technologies (ABAT) needs some good news. The stock has been punished in recent months on accounting concerns. Today it got some when the company announced intraday that it received a $14.7 million order on June 1st for 24,000 electric bikes and scooters from Wuxi Hao Jie Vehicle. The vehicles will be delivered over the course of the next year. The contract represents about half of a quarters revenue, so significant but not a … Read the rest