US Geothermal (HTM) is surging 25% today and getting back above a buck on news the company’s Neal Springs geothermal plant has been approved for a US Department of Energy due diligence review for an $85 million loan as part of the Energy Policy Act of 2005. The DOE loan is expected to provide about 80% of the total estimated cost of the binary cycle geothermal plant which the company is expected to begin construction … Read the rest
All posts by Tate Dwinnell
Lazard Capital & Collins Stewart Buy Rating On Yingli Green Energy (YGE)
Yingli Green Energy (YGE) is erasing Friday’s losses after Collins Stewart maintained its Buy rating and raised the price target from $10 to $11 and Lazard Capital upgraded the stock from Hold to Buy this morning.
Here are the comments from Collins according to Street Insider. Not exactly bullish comments!
“YGE’s 1Q09 revenues were $146M, 20% below our $181M forecast and the $194M consensus. Revenues were down 36% yr/yr and 43% sequentially. We estimate … Read the rest
FBR Capital Downgrades First Solar (FSLR)
All that insider selling in recent days hasn’t done much to sink First Solar (FSLR), but it’s taking a small hit on an FBR Capital downgrade this morning, off about 4%. The company is being downgraded from Market Perform to Under Perform with a price target of $100.
Here are the FBR Capital comments according to StreetInsider.com:
Polysilicon prices taking a nose dive. Checks over the past week suggest (quality) spot poly prices have … Read the rest
Canadian Solar (CSIQ) Reports Another Loss But Optimistic
Canadian Solar (CSIQ) is well off the morning lows and now trading up 3% after reporting a better than expected non GAAP loss of .10/share, but on revenues that plunged 71% over the year ago quarter to $49.5 million. The CEO said the company closed the quarter with a strong, liquid balance sheet and is increasing its sales staff. He believes Q2 shipment levels will be significantly higher than Q1, but is cautious due to … Read the rest
Evergreen Solar (ESLR) Still Trying To Silence Noise At Massachusetts Plant
Evergreen Solar has not yet been able to locate the source of the noise pollution coming from its plant in Devens, MA. The deadline to resolve the issue is the 31st of May. Evergreen has tried repairing equipment in the plant, but the noise, described in this article from Devens News as a "pure tone," has not been silenced. The company has brought in outside consultants to try to pinpoint the problem so that it … Read the rest
Altair Nanotechnologies (ALTI) Raises 14 Million
Altair Nanotechnologies just announced that it has raised $14 million (before expenses) from a registered direct offering. Here are the terms of the offering, as described in a company press release:
Under the terms of the transaction, Altair will sell 11,994,469 million common shares at a purchase price of $1.17 per share. Investors will also receive warrants to purchase 0.55 of a common share for each common share purchased. The common shares and warrants … Read the rest
Clean Energy Ensures Future Growth, FPL Chairman (FPL) Tells Shareholders
Lew Hay, FPL Groups Chairman and CEO, advised FPL shareholders at the company’s annual meeting that FPL’s investments in alternative energy will pay off in continued growth. FPL’s investment in clean energy sources like wind power and solar power are not only good for the environment, they are also good for the company’s bottom line-especially if the government starts taxing carbon emissions. Here are some quotes from the meeting, from Solar Energy News:
“FPL Group … Read the rest
Otter Tail (OTTR) To Build New Wind Farm
Otter Tail Power Company just announced that it will build a new wind farm in North Dakota, close to Lake Ashtabula. The project will cost $110 million. When it is completed next year, it will generate 49.5 MW power.
Here’s more on the new wind farm, from CNBC:
… Read the restOtter Tail said it expects this facility to be part of a larger project, the Luverne Wind Farm, comprising 169.5 megawatts built by NextEra Energy Resources LLC,
Akeena Solar (AKNS) Begins Shipping Andalay AC To Nationwide Sales Channel
Akeena Solar (AKNS) is announcing today that it has begun shipping its Andalay solar power systems directly to installers throughout the US including Colorado, Connecticut, Delaware, New York and Washington.
“We’re excited to have innovative solar installers eager to bring Andalay AC panels to even more homeowners and businesses. The distribution success follows the recent announcement of a nationwide, two-year mutually exclusive partnership between Akeena Solar and MS Solar Solutions Corp. (“MSSS”), a subsidiary of … Read the rest
Yingli Green Energy (YGE) Misses Badly But Sees Solar Bottom
Yingli Green Energy (YGE) missed EPS and revenue estimates by a wide margin, but the stock is holding up reasonably well, off just 5%. The company reported an EPS loss of .09/share on revenues of $146 million. That’s a 36% haircut on the revenue side from the year ago quarter. The CEO rhetoric remains the same.. poor economy, tight credit conditions, etc. However, CEO Liansheng Miao does believe the 1st quarter marked a low point … Read the rest