The Cash For Clunkers program has been wildly successful, burning through the initial $1 billion allocated to the program within a couple weeks. Harry Reid has said that the Senate will OK another $2 billion before the August recess. The obvious beneficiaries are the auto makers and auto parts suppliers, but one pure play may be overlooked and that’s LKQ Corp (LKQX) which is the largest auto parts recycler in the nation with 280 facilities.… Read the rest
All posts by Tate Dwinnell
Army Testing Aerovironment’s (AVAV) New 800kW EV Charger
There’s a good article over at Gas 2.0 today, taking a look at Aerovironment’s (AVAV) new 800kW EV charger being tested by the US Army. This whopper of a charger has the potential to deliver the same amount of power as 570 household sockets.. about 50x more powerful than the new US EV charging standard SAE J1772. According to the article, this kind of charger could add a 1000 miles of range in 15 – … Read the rest
Tobin Smith Recommends 3 Green Stock "Hidden Gems"
I just came across an article written over a month ago by well known investment “guru” Tobin Smith, highlighting three “hidden gem” green stocks. The article highlights Itron (ITRI), VMware (VMW) and Echelon (ELON) as companies that could benefit big in the coming green energy revolution. Itron (ITRI) may be relatively unknown to the average investor, but considering it’s the big guy in the smart grid space, it’s quite well known to those with … Read the rest
GE CEO Immelt & John Doerr: "US Falling Behind On Green Energy"
Yesterday in the Washington Post, General Electric (GE) CEO Jeff Immelt and famed venture capitalist John Doerr wrote an op ed piece highlighting the failure of the US to take the lead in green energy and the emergence of China as the leader.
Some interesting facts:
– China cars are 35% more fuel efficient
– they spend 10x what the US does as a % of GDP on green energy
– China on track to … Read the rest
GT Solar (SOLR) Reports Solid Quarter, But Misses Estimates
GT Solar (SOLR) reported earnings results after the bell today that were quite good, but missed analyst estimates. The company reported an EPS of .05/share which was 67% higher than the year ago quarter, but shy of the analyst estimate of .06/share. Revenues of $72 million missed the analyst estimate of $86 million, but was also an improvement over the year ago quarter by 26%.
“We saw a number of positive developments in the … Read the rest
Otter Tail (OTTR) Holding Up Despite Awful Earnings, Optimistic About Wind Energy
Here are the lowlights for the Otter Tail (OTTR) quarter. The company reports an EPS of .07/share, missing estimates by .04/share and under performing from the year ago quarter by 36%. Revenues missed estimates badly as well coming in at $247 million vs the estimates of $304 million and representing a 24% drop from the year ago quarter. To top it off, the company is lowering guidance for 2009 to .70 – 1.10 from .80 … Read the rest
What’s Up With Converted Organics (COIN)?
Yesterday Converted Organics (COIN) soared nearly 50% with near record volume with no news (at least that I have been able to find). Perhaps the news will come out later. There is news out this morning that customers are seeing positive results with their organic fertilizers and placing additional orders which insiders may have acted on. Hard to say. At any rate, the move is exceptionally bullish as the stock cleared the 50 day moving … Read the rest
Green Plains Renewable Energy (GPRE) Gets Central City Plant Online
Green Plains Renewable Energy just announced that they have now gotten their Central City, Nebraska ethanol plant online, according to DomesticFuel.com. The plant, which has not been running since November 2008, was purchased from Verasun when Verasun went bankrupt. Green Plains’ plant in Ord, Nebraska, which was purchased at the same time, was put back into service in the middle of last month.
In the article referenced above, Todd Becker, the president and CEO of … Read the rest
MEMC Electronic Materials (WFR) Ordered To Pay BP Solar (BP) In Lawsuit
MEMC Electronic Materials was ordered to pay over $8.8 million in a legal dispute with BP Solar, according to the St. Louis Business Journal. The judgement against MEMC came on Friday after a jury ruled that MEMC had violated a supply agreement with BP back in 2006 and 2007. According to BP Solar, it had an agreement with MEMC to supply it with polysilicon powder for three years. MEMC claims the agreement never existed, … Read the rest
Enernoc (ENOC) Under Pressure AH On Proposed Stock Offering
EnerNOC (ENOC) is off after hours following the announcement that it has filed a preliminary prospectus with the SEC to offer up to 3,750,000 shares of common stocks with proceeds being used for biz expansion, strengthening its working capital position, future acquisitions and R&D. Considering the run the stock has had, the move isn’t much of a surprise. ENOC will offer 3 mill of shares and certain shareholders will offer the rest. … Read the rest