Clean Energy Fuels (CLNE) which provides compressed natural gas fueling stations (mostly for commercial vehicles), is still in search of consistent profits and revenue growth. While the company beat estimates slightly posting a loss of .06/share, that marks 5 out of the past 6 quarters the company has been under water. Revenue growth remains stagnant. The company posted revenues of $30.2 which about matched last years quarter. I suppose in this environment flat growth isn’t … Read the rest
All posts by Tate Dwinnell
Fuel Systems Solutions (FSYS) Smashes Lowball Estimates, Surges AH
Last quarter expectations were much too high for the former high flyer, Fuel Systems Solutions (FSYS). The company didn’t match those lofty expectations and the stock has taken a beating. Now that analysts have very little expectations of the company it doesn’t take much to beat and beat they did after the bell today. The company reported an EPS of .44/share which was more than double what analysts had expected. Let’s not get carried away … Read the rest
Energy Conversion Devices (ENER) Hit On Plant Shutdowns
Energy Conversion Devices (ENER) is down more than 15% this morning on news that its Uni-Solar subsidiary has been forced to temporarily shutdown its operations in Auburn Hills and Greenville in addition to delaying the planned ramp at its second facility in Greenville. The company cited economic conditions and weak demand for the shut downs which are expected to last a month. Where’s that stimulus money? The auto makers and banks don’t seem to have … Read the rest
Electric Bus Developed by UQM Technologies(UQM) and Proterra Beats Competitors In MPGe Tests
The 35-foot Proterra electric bus, which is powered by a PowerPhase® 150 electric propulsion system from UQM Technologies, was able to reach over 20 MPGe in fuel economy equivalency testing. The testing, which was conducted by Pennsylvania State University, simulated three different travel situations: central business district, arterial and commuter.
In the tests, Proterra’s electric bus scored as follows:
Central business district: 21.35 mpg
Arterial: 17.55 mpg
Commuter: 29.23 mpg
In a press release, executives … Read the rest
First Solar (FSLR) To Collaborate With National Bank of AZ And Solar City On Phoenix Installation
First Solar just announced that will collaborate with National Bank of Arizona and SolarCity to build a 22 KW commercial solar installation in Phoenix, Arizona. The installation will be the second-largest in Phoenix and the first to use First Solar’s products. The installation will power National Bank of Arizona headquarters, placing 2,960 First Solar advanced thin-film modules on top if the carports that line the bank’s parking lot.
Why did National Bank choose First Solar? … Read the rest
Real Goods Solar (RSOL): Misses With Mounting Losses
While the solar installers Akeena Solar (AKNS) & Real Goods Solar (RSOL) have perked up a bit technically, fundamentally both remain in dire straits. Akeena Solar (AKNS) reported their miserable quarter several days ago and after the bell today it was Real Goods turn. It wasn’t pretty but RSOL is closer to profitability than AKNS.
The company reported a much wider loss than the year ago period at .08/share which missed analyst expectations of a … Read the rest
Ribbon Cutting For EnerDel (HEV) Lithium Battery Plant Happens Friday
This Friday at noon, Indiana Senator Evan Bayh will be an honored guest of EnerDel (HEV) at a ceremony marking the commissioning of the country’s first commercial scale production line for lithium-ion battery packs. To meet anticipated demand, EnerDel plans to expand the plant in Indiananopolis, pack assembly capacity at its Noblesville plant and may expand further through the purchase or construction of a 3rd plant. Anticipated annual production is currently in the neighborhood of … Read the rest
Smart Grid Players EnerNoc (ENOC) & Echelon (ELON) Report Earnings
Several days ago Itron (ITRI), the smart grid 800lb gorilla, reported disappointing earnings. Today, the unprofitable up and comers EnerNoc (ENOC) and Echelon (ELON) reported large losses but losses that were considerably less than the estimates.
Echelon (ELON) reported a non GAAP loss of .19/share which beat estimates of a loss of .34 by a wide margin. Revenues also came in better than expected at $18.2 million vs the estimate of $17.8 million. Despite … Read the rest
Green Stocks Insider Action: ABAT CEO Buys Million Shares, FSLR CFO Dumping
Advanced Battery (ABAT) has seen strong technical action in recent days rising above the 200 day moving average. No doubt all the buying from the CEO has something to do with it. Is big news around the corner? CEO Fu Zhiquo purchased 1,000,000 shares on May 4th at $2.65/share. With shares currently nearly 3.50, not a bad return in a few days! So the company reports earnings on May 11th and the CEO buys $2.5 … Read the rest
Raser’s (RZ) New Low Temperature Geothermal Plant Online in Utah
Okay, so this isn’t quite as sexy as a 100 MPG hybrid hummer, but Raser just announced that its new Hatch Geothermal Power Plant is up and running in Utah. Normally, geothermal plants take years to start production, but Raser took only 5 months to power up this plant.
How did they do it? Basically, the plant uses an organic Rankine cycle (ORC), with parts modified from industrial air conditioners. Using off-the-shelf, mass produced components … Read the rest