Advanced Battery Tech (ABAT) reported after the bell today results that weren’t all that impressive. I thought there might be a chance of a blowout quarter based on the fact the CEO recently purchase $1 million of ABAT shares, but that certainly wasn’t the case. The company reported an EPS of .07/share which was inline with low expectations. It’s a 13% drop from the year ago quarter. On the revenues side, the company didn’t … Read the rest
All posts by Tate Dwinnell
KeyBanc Upgrades Trinity (TRN) & Kaydon (KDN) After American Wind Energy Show
Hat tip to StreetInsider.com for this report:
Trinity Industries (TRN) is getting an upgrade from Hold to Buy and Kaydon (KDN) gets a price target upgrade from $36 to $44 by Key Banc after the firm attended the American Wind Energy Association show in Chicago.
KeyBanc analyst says, “After recently attending the American Wind Energy Association’s show in Chicago, we are much more enthusiastic about the wind story for 2010, and we are upgrading our … Read the rest
Geothermal Leader Ormat Technologies (ORA) Surges On Great Quarter
Ormat Technologies (ORA), the geothermal 800lb gorilla, reported great earnings results this morning beating EPS estimates by .07/share and 33% over the year ago quarter. Revenues surged 44% over the year ago quarter and beat estimates by $11 million at $99.9 million. This was a very impressive quarter. I’ve been wanting to get in on a pull back but it has yet to do so. The stock has now nearly doubled off the March low … Read the rest
Energy Conversion Devices (ENER) Reports Mixed Results
Energy Conversion Devices (ENER) reported earnings results this morning that were a bit better than expected on the EPS side at .03 share but light on the revenue side, reporting $66 million (vs estimates of $69 million). Revenues were a bit off from the year ago quarter but the EPS took a significant hit which is not uncommon across the solar sector (unless you’re First Solar). It was just a few days ago that the … Read the rest
Evergreen Solar (ESLR) Releases New Black-Framed String Ribbon Solar Panel
Evergreen Solar just announced the release of its new black-framed string ribbon solar panel. The new product is identical to the ES-A Series line of 200, 205 and 210 W solar panels, except with a black frame instead of silver, allowing customers to create a more aesthetically pleasing display. Dr. Terry Bailey, Senior Vice President of Marketing and Sales, commented on the new product in a company press release:
“The black-framed ES-A series panels … Read the rest
Suntech (STP) To Build A Manufacturing Plant In The US
Suntech has announced its intention to build a manufacturing plant in the United States, taking advantage of incentives from both the federal government and state governments. In company press release, the company called the move part of its plan to create a long-term US presence. In the press release, Dr. Zhengrong Shi, Suntech’s Chairman and CEO, said:
… Read the rest"We believe in the outstanding long-term prospects of the solar energy market in the United States, and we
Altair Nanotechnologies (ALTI) Breaking Out Of Bullish Formation
Altair Nanotechnologies (ALTI) is breaking out of a bullish wedge formation this morning and making a run at the 200 day moving average with very heavy volume on the buy side. I’m not seeing any news this morning so it may have something to do with an article over at CBS Marketwatch late Friday written by John Dvorak who is intrigued by Altair’s new lithium-titanate battery being tested by the UK’s Lightning car company and … Read the rest
EnerDel (HEV) May Supply Lithium Ion Batteries For Fisker Karma
The Fisker Karma, expected to be the first plug-in hybrid to hit the streets with a launch date in about one year may use Ener Del’s (HEV) lithium ion batteries if testing works out. The two companies have signed a letter of intent for a potential long term lithium ion battery supply agreement contingent upon reliability and performance testing. Fisker plans to build 15K vehicles per year and market them through and existing network of … Read the rest
Popular Mechanics Uses UQM Technologies’ (UQM) Electric Propulsion System To Modify Dodge Challenger
Popular Mechanics selected UQM Technologies ‘ 125 electric propulsion system to power their Eco+Muscle hybrid Dodge Challenger R/T car. The project involved modifying a normal Dodge Challenger to include 2 separate powertrains: a combustion engine for highway use and an electric propulsion system for in-town use.
So, how did UQM’s electric motor perform? According to this story on Alternative Energy News, the mechanics that worked on the project were pleasantly surprised:
… Read the restThe Popular Mechanics article
Clean Energy Fuels To Purchase Exterran’s Gas Station Business
Clean Energy Fuels just announced that it is buying Exterran’s natural gas fueling station business. The $5.9 million deal includes all of Exterran’s natural gas stations as well as Exterran’s four maintenance contracts with transit operators.
In an article from Reuters, Clean Energy Fuel’s CEO Andrew Littlefair commented on the purchase:
… Read the rest"Besides the immediate volume and revenue benefits for Clean Energy, this strategic acquisition expands our participation in the transit industry nationwide," Chief Executive