Fuel Systems Solutions (FSYS) is down more than 25% after reporting an EPS of just .04/share which missed estimates by .38/share and represents an 87% plunge from the year ago quarter. Revenues were equally disappointing at $84 million which is nearly flat growth over the year ago quarter.
Executive comments seemed to brush aside the bad quarter, choosing to focus on the overall growth of 2008 and optimism for 2009. “2008 was a transformational year,” … Read the rest
Clean Energy Fuels (CLNE) reported sub par results after the bell today, reporting a non GAAP EPS loss of .09/share which is considerably wider than the .02/share loss in the year ago quarter. Revenues were flat over the year ago quarter at $29.6 million and about 10% less than what analysts had expected.
For the year in 08 total CNG and LNG delivered came in a bit less than the previous year, so clearly this … Read the rest
An EU trade committee has approved temporary anti-dumping and anti-subsidy tariffs on imports of US biodiesel. This will affect Us biofuels companies like agricultural giant Archer Daniels Midland. The tariffs go into effect March 13th-after that, Archer Daniels will have to pay 26 euros for each 100 kg of biodiesel imported into Europe. Chicagoist quotes an EU biodiesel official on the reason for imposing the duties, which are part of a larger trade dispute between … Read the rest
Energy Focus, Inc just announced that it was selected to provide lighting for the Burg Dubai. When completed, the Burg Dubai will be the tallest building in the world. The company’s Crescent Lighting line of products were used to illuminate the fountain in front of the skyscraper due to their long life, resistance to corrosion and ease of maintenance.
In a company press release, Joe Kaveski, CEO of Energy Focus, Inc. commented on the … Read the rest
EnerNoc (ENOC), an emerging, yet still unprofitable demand response leader just picked up a 65MW deal with Idaho Power. ENOC will enable and manage a network of commercial and industrial facilities throughout Idaho Power’s service area to reduce electricity demand during system peaks. ENOC’s job is to bring supply and demand into greater balance, potentially reducing prices during peak demand times. They have a network of operations centers that automate the process, curtailing non … Read the rest
Clean Energy Fuels (CLNE) was awarded a new long term CNG contract by TransLink, the South Coast BC Transportation Authority to expand and maintain their fleet of 60 clean burning CNG buses. CLNE has been under contract with TransLink for 10 years and this contract enables TransLink to more than double its fleet as Vancouver moves to greatly reduce harmful emissions. Natural gas produces up to 23% lower greenhouse gas emissions than diesel and is … Read the rest
Xcel Energy just announced a new deal with Microgy, Inc that will allow Xcel to turn organic waste into methane to generate energy. The methane generation will take place near Xcel’s Fort St. Vrain Generating Station. A new methane plant will be built for this purpose, with construction slated to begin in 2010. Initially, the project will produce 915,000 MMBtu of methane, which is enough to power 17,000 homes per year.
Terms of the deal … Read the rest
Fuel Systems Solutions just announced that it has expanded the engine building capabilities of its subsidiary, IMPCO. Improvements to IMPCO’s manufacturing facility in Sterling Heights, MI will allow the company to support Fuel Systems Solutions’ new next generation direct injection industrial fuel system, which is compliant with 2010 emissions standards.
Richard Nielsen, IMPCO’s general manager, commented on the improvements at the plant:
"Our industry and demand for our products is driven by many factors including … Read the rest
Converted Organics just announced that they have shipped 46 tons of their organic fertilizers and soils amendments to a major retail chain. The products, which are made from recycled food wastes, will be available for gardeners to purchase in time for the spring planting season. Over the next few days, Converted Organics will ship even more product out, with an additional 55 tons of fertilizer scheduled to reach the same chain by March 6.
Some … Read the rest
ReneSola (SOL) is raising its 08 estimates this morning but lowering estimates for 09. It sees Q4 sales sales of $157 – $159 million vs the consensus of $153.63. For the full year 08 the company now expects sales of $669 million to $671 million vs its previous estimate of $640 – 670. For 09, the outlook isn’t as rosy. The company expects revenues in the range of $650 – $700 vs the consensus of … Read the rest