UQM Technologies (UQM) has surged more than 50% in a couple days on the Coda Motors/UQM news which Alison did a great job of covering. Who says you can’t profit by reading the breaking news here! 🙂 The stock surged again late in the day today most likely on the news that Coda Motors received another round of cash and Hank Paulson as an advisor. Yeah, that Hank Paulson (former Treasury Secretary). The company … Read the rest
All posts by Tate Dwinnell
BP (BP) & Verenium (VRNM) Cellulosic Ethanol Venture To Be Named Vercipia Biofuels
The joint venture between BP and Verenium (VRNM) to develop commercial scale cellulosic ethanol will be named Vercipia Biofuels and headquarters will be located to Highlands County, Florida the companies have announced. A second site is being developed in the Gulf Coast region.
“I continue to be pleased and enthusiastic with the progress our joint venture – Vercipia – has made in only a few short months, and I look forward to a highly productive … Read the rest
Itron (ITRI) To Deploy Water & Electrical Smart Meters For Glendale Water & Power
Along with its earnings report today which beat expectations, Itron (ITRI) has announced a contract with California’s Glendale Water & Power to provide them with smart metering technology for both its water and electricity operations. No word on the financials but Glendale serves 120K customers. Itron’s OpenWay advanced metering system provides a two way communication between the meter and the utility, providing for data collection, use limitations, outage detection, remote metering and home networking … Read the rest
American Superconductor (AMSC) Amends Sinovel Contract To Meet Increasing China Wind Energy Demand
American Superconductor (AMSC) announced this evening that they are increasing their shipments to China’s largest wind turbine manufacturer Sinovel in order to meet increased demand. The amended contract will increase the number of AMSC’s PowerModule PM3000MW power converters which allows Sinovel to include grid friendly features with its wind turbines, such as controlling power flows, regulating voltage, monitoring system performance and maximizing efficiency. The overall contract value increases by $20 million for AMSC.
“Sinovel has … Read the rest
Itron (ITRI) Beats Lowered Expectations, Up AH
As I mentioned on Twitter today, I decided to take a shot at an Itron (ITRI) entry ahead of earnings after the bell today. Why? Last quarter, they missed badly and the stock gapped down. When you get a situation like that, analysts greatly lower expectations and the bad news gets built into the stock, setting up a greater likelihood of a relief rally on the next earnings report. Even if the company misses, … Read the rest
Borg Warner (BWA) Misses Badly With Another Quarterly Loss, Shares Plunging
Borg Warner (BWA) is selling off with heavy volume after the company reported earnings that missed analyst estimates by a wide margin. The company reported a non GAAP loss of .05/share vs the expectations for a .07/share profit. Sales also came in much lighter than expected at $916 million vs expectations of $970 million.
The CEO commented that restructuring initiatives from last year are helping the company and that the company generated positive cash flow … Read the rest
Trex (TWP) Blows It Out On EPS, But Issues Soft Guidance
Trex (TWP) reported a strong quarter, posting an EPS of .49 vs the analyst estimate of .20, good for an 81% bump over the year ago quarter. Revenues came in about 8% higher than expectations at 91.5 million but were off a bit from the year ago quarter. As we’ve seen with so many companies this quarter, they’re beating handily on the EPS side through cost cutting but the revenue growth is still quite soft. … Read the rest
Capstone Turbine (CPST) Nets New Distributor For Kansas, Arkansas and Missouri
Capstone Turbine announced on Monday that has added a new distributor for its products in Kansas, Arkansas and Missouri: Interstate Power Solutions, a company that has been supplying electrical systems to Midwestern companies for over 25 years.
In a press release, executives from both companies commented on the partnership:
“Interstate has a successful track record of working with companies throughout the Midwest to help improve their energy systems,” said Jim Crouse, Capstone’s Executive Vice … Read the rest
Rubicon Technology (RBCN) Beats Expectations, But Still Seeing Red
Rubicon Technology (RBCN), which makes components for LED’s, swung to a loss in the 2nd quarter vs a profit in the year ago quarter of .12/share. While the company did beat expectations for revenue and EPS by reporting an EPS loss of .15 and revenues of $3.2 million, this is a company that continues to struggle after showing some promise last year. You certainly wouldn’t know it by its stock price! I suppose on the … Read the rest
Solarfun (SOLF) In Supply Agreement With Nobility Solar Projects
Solarfun just announced a supply agreement with Nobility Solar Projects. Under the agreement, Solarfun will supply Nobility with 14.2MW of PV modules, with the transaction to take place in the latter part of this year.
In a press release, executives from both companies commented on the deal:
Peter Xie, President of Solarfun, commented, “Eastern Europe, and specifically the Czech Republic, is a good new developing market for solar products. Our agreement with Nobility demonstrates … Read the rest