In an attempt to spur the export of US made solar products, Evergreen Solar (ESLR) is getting a boost from the Export-Import Bank of the US which is providing low interest financing (4.9% fixed over 18 yrs) for overseas projects using ESLR panels produced domestically. ESLR currently has 90MW of projects in varying stages of the loan app process with the bank which will cover 85% of the product cost and up to 30% of … Read the rest
All posts by Tate Dwinnell
PG&E (PCG) Adds Another 48MW Of Solar Power From Sempra Energy (SRE)
PG&E (PCG) will purchase another 48MW of thin film solar energy from Sempra Energy, produced at its Copper Mountain facility. Last year, PG&E purchased all 10MW of the output at the El Dorado plant from Sempra.
“This agreement represents a major step forward for Sempra Generation in the development of the largest operational photovoltaic solar power installation in North America,” said Michael W. Allman, CEO of Sempra Generation.
The 48MW of energy will come … Read the rest
Yingli Green Energy (YGE) Breaks Ground On RMB 6 Billion Industry Park
According to Pacific Epoch, Yingli Green Energy (YGE) has broken ground on a new RMB 6 billion (a bit less than $1 billion) industry park that will house a 800MW per year crystalline solar project with a completion date set for Dec of next year. It will more than double the company’s yearly output to 1400MW and generate potential sales of more than $2 billion per year.
YGE is currently trading down about 8% … Read the rest
A-Power Energy (APWR) Acquires 1.5MW Wind Turbine Technology & Operations From Shenyang Hauren
A-Power Energy (APWR) is acquiring Shenyang Huaren’s proprietary wind turbine technology and operations to commercially produce 1.5MW grade turbines, the company has announced. Shenyang will train and direct A-Power engineers on assembly, installation and testing for the next three years. APWR will also fulfill Huaren’s back order of 10 wind turbines as part of the deal. … Read the rest
Canaccord Adams Joins Jefferies In EnerNoc (ENOC) Buy Ratings
Earlier this morning, Jefferies upgraded EnerNoc (ENOC) from Hold to Buy following its strong earnings report last night. Canaccord Adams is positive on the company as well, reiterating its Buy rating on the company and raising the price target from $28 to $32.
Hat tip to StreetInsider.com for the following analyst note:
“Strong execution across the board, as better-than-expected MW additions and expense control drove the significant top-/bottom-line beat. Looking ahead, with gross margins … Read the rest
ZAP Receives 100 Scooters Powered By Advanced Battery Technologies (ABAT)
ZAP has received a shipment of 100 electric vehicles powered by larger-format polymer lithium-ion batteries from Advanced Battery Technologies. This first shipment was for Zappy3 Li personal transporters, but the two companies plan to expand their partnership into larger vehicles soon, such as pickups, vans and the Alias roadster model that ZAP is developing.
In a press release, ZAP CEO Steve Schneider explained why Advanced Battery Technology’s batteries make such a difference:
“You can … Read the rest
FPL Group (FPL) Reports Mixed Results; Strength In Clean Energy Division
FPL Group (FPL) which is the largest producer of solar and wind power in the US reported solid earnings this morning, driven by strength in its NextEra Energy Resources business (profits up 30%).
“Our earnings for the quarter were solid overall, with lower year-over-year earnings at Florida Power & Light Company more than offset by the performance of NextEra Energy Resources. While the Florida economy is quite challenging, we are delivering exceptional value to FPL … Read the rest
Trina Solar (TSL) Issues Guidance, Announces Follow On Offering
Trina Solar (TSL) provided guidance for this quarter, next quarter and the full year 2009 after the bell today.
For the 2nd quarter, the company narrowed its shipment estimate from 60 – 65MW to 63 – 65MW. The company expects revenues in the range of $148 – 152 million, a 25% haircut from the year ago quarter.
For next quarter, the company expects to bump up shipments to 90 – 110MW and expects the full … Read the rest
EnerNoc (ENOC) Surges AH After Earnings Beat; Rapidly Moving Towards Profitability
EnerNoc (ENOC) is emerging as a demand response leader and is well on its way to becoming the first to profitability (ahead of rivals Comverge and Echelon). The company blew away EPS estimates again this quarter, reporting a non GAAP loss of .12/share vs expectations of a .33 loss. Revenues were better than expectations as well, coming in at $42 million vs the expectation of $39 million.
Helping to push the stock higher after hours … Read the rest
Cramer Likes Suntech (STP) & Yingli Green Energy (YGE) On A Pull Back
With all the news of China’s government ramping up support for renewable energy, Jim Cramer now likes the China solar plays, particularly Suntech (STP) and Yingli Green Energy (YGE). When I first saw the call, I couldn’t help but think “here we go again, Cramer’s late to the party and recommending solars after a massive run”. However, he did express concern over pricing, inventory and oil prices which he said could weigh on the … Read the rest