Capstone Turbine Corporation has sold a C200 Microturbine wind energy system to a Shanghai high-rise. The 14-story Shanghai Shenergy Energy Center will be the first building in Shanghai to use Capstone’s low emission, natural gas powered microturbine to produce clean energy.
In a company press release, Darren Jamison, Capstone President and Chief Executive Officer, commented on the sale:
"Worldwide interest in Capstone’s C200 product has been strong since it was introduced over a year ago. … Read the rest
MDB Capital came out today and upgraded Ener1 (HEV) with a Buy rating and a price target of $5.50. They believe the shares are compelling down at these levels due to the pipeline of potential customers including the possible reemergence of Think Global later in the year.
“We are revising our earnings model and now anticipate revenues in 2009 of $41 million (roughly $28 million coming from Enertech) and $77.5 million in calendar 2010. With … Read the rest
According to GreenTech, Ener1 (HEV) which currently manufacturers lithium ion batteries for electric cars is expanding into other markets such as utility grade storage and military applications. The CEO said at the Jefferies Global Clean Technology conference that they are working with a few utilities on smaller power grid storage units. On the military side, the company is working on hybrid tanks and unmanned aerial vehicles with potential orders of $7 million.… Read the rest
* Merriman Curhan Ford downgrades from Buy to Neutral
“While we continue to believe ECD has compelling and differentiated technology that can resist the pricing pressure caused by the glut of global module supply, the company is certainly not immune the to dismal credit markets. Data from California’s Solar … Read the rest
Canadian Solar (CSIQ) reported a much larger loss then expected this morning, posting an EPS loss of 1.39/share after taking out one time costs. Revenues took a plunge as well, dropping 43% over the year ago quarter to $73 million.
Commenting on the quarter, CEO Shawn Qu highlighted the usual suspects. “In Q4,difficult credit conditions for our customers, market-wide module and raw materials inventory price declines and winter weather in Germany directly affected our revenue … Read the rest
More bad news for ethanol…Aventine Renewable Energy Holdings, Inc, which produces ethanol from corn, just announced that it is having difficulty making payments to its creditors and that a Chapter 11 bankruptcy may be in the company’s near future, according to a story published by Reuters. According to Reuters, Aventine is taking a by-any-means necessary approach to raising capitol, "including seeking additional debt and equity financing and a potential sale of all or part of … Read the rest
ENN Solar Energy Co., Ltd just announced that through its partnership with Applied Materials it has produced China’s first 5.7 SQM Tandem Junction Solar Panels. The panels were manufactured at ENN’s Langfang, China facility using Applied Material’s SunFab™ Thin Film Line. The panels are almost 4 times larger than conventional panels and they have a higher conversion efficiency thanks to Applied Material’s tandem junction technology.
Dr. Randhir Thakur, senior vice president and general manager of … Read the rest
Advanced Battery Tech (ABAT), which manufacturers lithium ion batteries for cell phones, computers and electric cars continues to report revenue and earnings growth in a tough environment but wasn’t able to match analyst expectations last quarter. The company reported earnings of .06/share in the 4th quarter, missing estimates by .02/share on revenues of 10.7 million. Revenues increased by 42% in 2008 over 07 levels, but that growth decelerated every quarter culminating in just 4% growth … Read the rest
Recently, many of the solar stocks have been holding up relatively well in the face of bad news indicating that much of it had been priced in and a bottom in this sector was near. I still believe that to be the case but their will be hiccups along way such as the Energy Conversion Devices (ENER) poor outlook after the bell today. The stock is being punished more than 25% in after hours trading.. … Read the rest
Itron (ITRI) subsidiary Actaris announced this morning a deal with Abu Dhabi Water & Electricity Authority for 140K smart electricity meters which will be deployed across the Emirate of Abu Dhabi and fully integrated in an AMR fixed network . This is a follow on contract after a successful implementation of 60K meters that allows ADWEA to remotely access all metering and operating data and instantly vaults Actaris to the throne as the largest smart … Read the rest
Green Alternative Energy Stocks – Solar, Wind, LED Lighting,Smart Grid, Electric/Hybrid Cars, Wave Energy, Green Building, Biofuels & Geothermal