EnerNoc (ENOC), the demand response company quickly moving towards profitability is expanding its reach with today’s announcement of the purchase of greenhouse gas software and services firm eQuilibrium who’s current clients include Sears and News Corp. eQuilibrium’s software will eventually be integrated into EnerNOC’s existing PowerTalk platform but the company doesn’t expect this deal to have any impact on its financial results this year. Terms of the deal have not been disclosed.
Canadian Solar just announced that it intends to bump up its yearly production of solar modules from 620 MW to 800 MW. The increase in production is scheduled to be in place by mid-August, and will prepare the company for an expected increase in demand.
To meet the new production goals, Canadian Solar plans to hire 2,000 additional workers on top of its existing staff of 3,000.
If missing earnings estimates by a huge margin weren’t bad enough, APWR got hit hard again after word spread that Roth Capital had suspended its coverage of A-Power Energy (APWR) due to lack of transparency. Here’s the analyst note courtesy of Notable Calls.
“We believe the company’s lack of transparency has created inherent limitations to our ability to gain adequate insight into the underlying fundamentals to confidently model and value the business. We believe this … Read the rest
A-Power Energy (APWR) is announcing today that the Shenyang government is planning to invest a total of $44 million in the Shenyang Power Group which is a local industry alliance headed by A-Power (60% owner) to pursue large scale clean energy projects both within and outside of China. As part of the investment, the government will appoint a local Shenyang bank and guaranty company to participate in the alliance.
Satcon (SATC), a leading provider of distributed power solutions is announcing today that it has installed four 250 kW PowerGate Plus inverters at the Orange County Convention Center in Florida for its 1.1 MW rooftop solar installation, the largest in the southeast United States. The solar installation was designed and built by Johnson Controls (JCI) and is expected to deliver over 1.1 kW hours in the first year while displaying the solar information inside the … Read the rest
Sunoco just announced that it has finished purchasing an ethanol plant in Volney, New York. The plant is capable of producing 100 million gallons of ethanol each year, and will meet approximately 25% of Sunoco’s expected ethanol needs. Sunoco bought the facility from Northeast Biofuels for $8.5 million. The location of the plant was an important consideration in the purchase, as it is close to most of Sunoco’s retail gasoline locations.
A-Power Energy (APWR) is trading down this morning after badly missing earnings estimates. The company reported an EPS of just .04/share which was well short of analyst estimates of .12 and a more than 50% drop over the year ago quarter. Revenues were basically flat over the year ago quarter at 31.2%. The CEO is blaming the poor quarter on seasonality and poor weather conditions in Northeast China.. perhaps he needs to take a … Read the rest
Yingli Green Energy just announced that it has signed a sales agreement with China Mobile’s Shanxi subsidiary. China Mobile is building a video monitoring system in Shanxi to help catch forest fires, and Yingli will provide them with off-grid PV modules to help power the system. Under the contract, Yingli will provide a total of 269 units, which will provide .49 MW of power.
At the same time, Yingli announced that it has been chosen … Read the rest
EMCORE Corporation has just announced that it has a contract with NASA to produce solar panels for NASA’s Global Precipitation Measurement spacecraft. The spacecraft will study precipitation (rain, snow and ice) around the world, and is scheduled to launch in 2013. According to , the stock is going up in price as a result of the $5 million contract, which is to managed by MEI Technologies, Inc. Shares are already up by 30% this morning.… Read the rest
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