First Solar (FSLR) continues to show why it is the best of breed of solar company, posting another quarter of remarkable growth while its competitors whither in tough conditions. The company smashed EPS estimates of $1.53/share as well as the whisper number of $1.70/share with a Q1 EPS of $1.99/share which is a whopping 249% increase over the year ago quarter. Revenues, while less than last quarter, were doubled again over the year ago quarter … Read the rest
All posts by Tate Dwinnell
Akeena Solar (AKNS) Shows Little EPS Improvement, But Revenues Weak
Akeena Solar (SOLR) reported earnings this morning and the silver lining is that they didn’t burn through cash as quickly as they had in previous quarters. That’s about it. They reported an EPS loss of .17/share which is one cent worse than expectations and one cent worse than the year ago quarter. The company has been cutting costs to get to the cash flow break even point but has a ways to go. The most … Read the rest
Xergi A/S To Invest in Environmental Power Corporation (EPG), Signs New Cooperation Agreement
Environmental Power Corporation (EPG) announced yesterday that it has received new investment from technology provider Xergi A/S, as well as a new cooperation agreement between the two companies.
Xergia has agreed to purchase $3 million worth of EPG’s 14% convertible notes. Next month, Xergi’s $3 million payment obligation for the notes will cancel out Environmental Power Corporation’s $3 million payment for technology rights.
The companies have also updated their technology agreement. From a company press … Read the rest
First Solar (FSLR) To Supply PV Modules For Australia’s Largest Installation
First Solar (FSLR) announced late last night that they will supply PV solar modules to Solar Shop Australia for a 1MW rooftop project that will be installed on 6 separate buildings at the Adelaide Showground in South Australia. The project, which is being commissioned by the Royal Agricultural and Horticultural Society of South Australia, will represent the largest PV installation in the country.
“This project marks the beginning of what we expect to be a … Read the rest
FPL Group (FPL) Reports Strong Quarter, Raises Outlook
FPL Group (FPL) reported earnings this morning and it was a strong quarter in a tough environment. The leading provider of wind and solar energy reported a non GAAP EPS number of .90/share beating estimates by .13/share.
It’s NextEra Energy Resources division which houses its wind and solar operations produced good results with an EPS of .62/share (a 13% increase over the year ago quarter) however the gains were driven by new investments in wind … Read the rest
Conergy To Sue MEMC Electronic Materials (WFR) Over Contract
It’s official: Conergy is suing MEMC Electronic Materials to try to end a 10 year supply contract with the company. The contract was signed before the economy crashed and took silicon wafer prices down with it. Talks between the two companies to amend the contract broke down last week.
Here’s more from Greentech Media:
Conergy didn’t divulge details of the contract dispute, except to say that it was able to reach some agreement on … Read the rest
Canadian Solar (CSIQ) Gets Government Funding For Local Solar Projects
China’s government continues to show it is willing to do everything it can to help advance clean energy initiatives. So far, it appears companies are having a far easier time getting help from China’s government than US based solar companies. This morning Canadian Solar (CSIQ) is announcing funding from the Suzhou Municipal Government to support commercial rooftop and BIPV solar projects in the Suzhou New District. The local government is matching the RMB 7.5 million … Read the rest
Safety of Evergreen Solar Plant (ESLR) Questioned
Officials from the town of Ayer are expressing concern over Evergreen Solar’s safety procedures at its plant in Deven, Mass. after three spills of toxic material were reported from the plant. The plant has been in operation since July. In October, the first spill occurred: 500 gallons of a toxic "cocktail" that included hydrofluoric, nitric and sulfuric acids. In February, 100 gallons of sodium hydroxide was released. In March, 20 gallons of 20-30% hydron peroxide … Read the rest
Ted Turner: "Clean Energy Technology Greatest Opportunity World Has Ever Seen"
Cable TV tycoon Ted Turner believes clean energy offers the biggest opportunity the world has ever seen and compares it to cable TV 40 years ago in that the field is wide open and rife with opportunity. From Bloomberg:
“I’m putting my money where my mouth is and I’ve made a multimillion investment in solar power,” Turner, 70, said in the interview in Washington on April 24. “I’m looking to make an investment in … Read the rest
California’s Low Carbon Fuel Initiative May Provide Opportunities For Clean Energy Fuels (CLNE)
While California’s low carbon fuel initiative has both conventional fuel companies and ethanol companies in a tizzy, Clean Energy Fuels Corp sees it as an opportunity. That’s because the standard encourages the use of four fuel types: : hydrogen, electricity, natural gas and biomethane. Of these four fuels, Clean Energy Fuels provides two: natural gas and biomethane. The company owns two LNG plants with a total combined capacity of 260,000 gallons per day, and a … Read the rest