Clean Energy Fuels (CLNE) is adding to Friday’s sharp loss this morning, taking out two key areas of support (50 and 200 day moving average) in the process after announcing a 6 million share stock offering subject to market conditions. The company will use the proceeds for working capital and other corporate purposes. Merrill Lynch & Co. is the sole book-running manager for the offering. Lazard Capital Markets, Janney Montgomery Scott and Craig-Hallum Capital Group … Read the rest
All posts by Tate Dwinnell
EnerDel (HEV) Gets $3.3 Million DOE Contract For Lithium Battery Research
EnerDel (HEV) has been awarded a $3.3 million contract by the Dept of Energy research for better safety and performance of lithium batteries. The research, to be conducted jointly with Argonne National Laboratories, will be funded under the DOE’s Vehicle Technologies Program and aim to eliminate the overcharging of batteries at the chemical level. EnerDel and Argonne have worked together in the past, receiving the Excellence in Technology Transfer award for their lithium-titanate chemistry. … Read the rest
Exelon (EXC) Slashes 500 Jobs As Cost-Cutting Measure
Exelon just announced that is will be slashing 500 jobs as part of a company-wide cost-cutting campaign. As a result, the utility expects to post a charge of $40 million in the second quarter of this year, but will save $350 million in 2010 in operating and maintenance costs. Most of the positions being eliminated are in corporate support, but the program will also affect executive-level employees by freezing salaries and changing compensation plans.
In … Read the rest
LDK Solar (LDK) Reaches Milestone With 660kg Silicon Ingot
About a year ago LDK Solar (LDK) announced a deal with JYT Corp (a competitor of GT Solar) to begin purchasing silicon ingot furnaces that would be capable of producing 800kg ingots, allowing the company greater quality, efficiencies and margins. The day may be just around the corner when the company can declare it is using those furnaces to their full capacity. Today, the company has announced it has reached a milestone by producing a … Read the rest
3 Green Stocks To Watch: RSOL, CPST, ESLR
About once a week I’ll start highlighting a few stocks that I think are offering bullish setups. Please keep in mind though that this is a watch list and not a recommendation to buy or sell. Please do your own research. The following stocks recently moved big with record buy volume…
The first green stock I want to mention is Real Goods Solar (RSOL). The stock soared with record volume on June 5th following news … Read the rest
Exelon (EXC) Advises Only 12% Of NRG (NRG) Shares Tendered in Hostile Takeover Bid
Exelon just announced that support for its $6.2 billion bid to takeover NRG Energy appears to have waned among NRG shareholders. Exelon still wants to take over the company, but in a letter to NRG shareholders, it advised that only about 12% of NRG’s outstanding shares had been tendered, a big drop from February’s statistic of 51%. The two companies are counting down to a crucial NRG stockholder’s meeting on July 21, when shareholders will … Read the rest
Florida Power and Light Company’s (FPL) Investments In Fuel Efficiency Pay Off Big-Time For Consumers
Here’s a win-win situation….FPL just announced that its investments in fuel efficiency at its power plants have helped trim its customers costs by almost $3 billion since 2002, and will save customers a cool billion per year starting in 2014. The investments have included converting older plants to burn natural gas instead of oil, and using more efficient technologies to produce energy from natural gas.
In a company press release, Marlene Santos, FPL vice … Read the rest
Trina Solar (TSL) Supplying 15MW Of Solar PV Modules to Efinity
Trina Solar (TSL) is announcing that it in the 2nd quarter it will soon begin shipping 15MW of solar PV modules to Belgium solar project specialist Efinity.
“We are very pleased to announce this new sales agreement with Enfinity, to further strengthen the existing well established partnership with Enfinity. This new contract will significantly help to grow new projects in markets such as Germany, Belgium, Italy and other European solar markets,” stated Mr. Arturo … Read the rest
High Speed Rail Play: ABB Ltd (ABB)
By Sam Hopkins of GreenChipStocks.com
Get your Free Cleantech Report Today!
As of June 9, 2009, the largest public works project in the U.S. is a railroad tunnel. $8 billion in federal stimulus funds are pouring into select high-speed rail projects like the Hudson River rail tunnel from New Jersey to New York City. . .
And the bucks disbursed by Washington make up just one part of a multi-billion dollar effort to update … Read the rest
Cree Introduces Water Resistant LEDs For Outdoor Video Screens
Cree Inc (CREE) has been on fire over the past several months and clearly emerging as a leader in the LED space. Today they announced the first commercially available water resistant LEDs for outdoor video screens. Previously, LED’s screens had to be protected from the elements, costing customers time and money so the encapsulation at the LED level is a big improvement. The red-green-blue LED has an IPx5 rating indicating it’s protected from low … Read the rest