Solarfun (SOLF) is announcing today the introduction of SF2, a line of full square monocrystalline cells and modules. The full square shape takes advantage of more surface area, resulting in higher output and up to 5% greater efficiency.
All posts by Tate Dwinnell
Energy Conversion Devices (ENER) Gets Piper Jaffray Downgrade, Slashes Price Target
Not all is rosy in solar land this morning. Piper Jaffray is downgrading Energy Conversion Devices (ENER) from Neutral to Underweight and is slashing the price target from $21 to $9.
Hat tip to StreetInsider.com for the following analyst comment:
“ENER’s end market is ~100% commercial, which by and large remains the weakest segment of the solar market and has not experienced the pronounced seasonality being witnessed in residential and to a lesser extent utility … Read the rest
Ormat (ORA) Beats Estimates, Guides Inline
Ormat (ORA), the geothermal gorilla, continues to post very strong quarters despite a tough economy. The company beat both EPS and revenues estimates with about 20% quarter over quarter growth on both. EPS came in at .35/share vs the estimate of .28/share on revenues of $100 million vs the estimate of $92.5 million. 115% revenue growth in the Product Segment drove the quarter’s positive results while the Electricity Segment saw a small decline in revenue … Read the rest
Canadian Solar (CSIQ) Smashes EPS Estimate, Soaring 25%
About three weeks ago, I passed along a post to you from NotableCalls.com which highlighted the Oppenheimer call for a strong 3rd quarter. Oppenheimer was giving the green light on CSIQ saying to expect a big 3rd quarter. But first things first! How about that 2nd quarter!
The company smashed EPS estimates by swinging to a profit in the quarter of .49/share vs the analyst estimate of a .09/loss. Remind me again why these analysts … Read the rest
Real Goods Solar (RSOL) Reports Earnings, Announces Large Navy Order, Up Over 10% AH
Real Goods (RSOL) is surging over 10% in after hours trading after the company announced earnings as well as a large order from Northrop Grumman to install three solar systems on two Navy bases beginning at the end of the year.
The company reported another losing quarter but saw a 44% bump in revenues (mostly due to acquisitions) over the year ago quarter and beat expectations. EPS came in at negative .03/share which compares to … Read the rest
Winners Of Lithium Ion Advanced Battery Grants: UQM, XIDE, HEV, JCI, GM, F, A123, Chrysler
The government has dished out the funds for advanced battery research and development and the winners are….
Johnson Controls (JCI) – $300 million
A123 Systems – $249 million
General Motors (GM) – $240 million
EnerDel (HEV) – $118.5 million
Ford (F) – 92.7 million
Chrysler – $70 million
UQM Technologies (UQM) – $45 million
Exide (XIDE) – $34 million
Suntech (STP) Signs Contract With Recurrent Energy
Suntech just announced that they have signed a supply contract with Recurrent Energy. Under the contract, Suntech will supply Recurrent with more than 25,000 modules. Recurrent will use these to construct a 5 MW solar installation on top of San Franscisco’s Sunset Reservoir. Suntech will deliver all of the modules in the 4th quarter of this year. This is California’s largest solar project thus far, and will more than triple San Francisco’s current solar energy … Read the rest
Merriman Curhan Upgrades Cree Inc (CREE) To Buy: "LED Outlook Looking Brighter"
Merriman Curhan Ford is upgrading Cree Inc (CREE) from Neutral to Buy this morning, saying the LED outlook is getting brighter.
Hat tip to StreetInsider.com for the following analyst comment:
“Cree recently raised its June quarter outlook and we believe the company could meet or exceed the high end of its recently revised guidance. LEDs are rapidly replacing CCFLs in TV backlighting and quickly gaining acceptance in the general lighting market that is benefiting Cree … Read the rest
Consolidated Edison (ED) Rolls Out Smart Grid Test
New York’s Consolidated Edison just announced that it is planning a smart grid test program in Northwest Queens. Approximately 1,500 customers will receive smart meters as part of the demonstration. Consolidated Edison will also work with City University of New York to study how to best distribute solar energy from rooftop installations to the power grid. In addition, the project will examine ways to monitor and improve power distribution and correct problems more quickly, and … Read the rest
Government Set To Award Advanced Battery Stimulus Funds: Watch Ener1 (HEV)
Tomorrow morning the government will announce the recipients of $2 billion in stimulus funds for advanced battery research and development. Privately held A123 Systems is expected to receive a portion of the funds and publicly traded Ener1 (HEV) may receive funds as well which could give a boost to the stock tomorrow. VP Joe Biden is expected to announce the winners in an event in Detroit while Energy Secretary Steven Chu is expected to … Read the rest