Today, PowerSecure (POWR) announced $15 million in new orders across its range of green energy products. The breakdown is $8 million for its smart grid power systems, $5 million for utility infrastructure products and $2 million for LED lighting products. The new business comes from a range of customers and will be recognized as revenue this year. To put the new contracts in perspective, the company has been averaging about $25 million a quarter in … Read the rest
All posts by Tate Dwinnell
Veeco Instruments (VECO) Beats, Confident About Growth
Some LED stocks have had a rough go of late (such as CREE and the China LED stocks), but a few continue to defy gravity such as Veeco Instruments (VECO which posted another strong quarter last night. The company posted an EPS number of $1.33 which beat the analyst estimate of $1.21 on revenues of $254.7 million which also beat the analyst estimate of $246.7 million. That’s good for quarter over quarter growth of 217% … Read the rest
Trina Solar (TSL) Announces 35MW Supply Deal With Fotowatio
Trina Solar (TSL) is announcing this morning a 35MW solar modules supply deal to a subsidiary of Fotowatio Renewable Ventures. The modules will be shipped beginning in Q2 and continue through the rest of the year for a solar project outside Austin, Texas.
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"We are excited to announce our continued collaboration with FRV, a leading global solar industry player, on one of the largest solar … Read the rest
Goldman Sachs (GS) Meets With Tesla Execs, Sees Bullish Developments With Model S
Notable Calls has a great post this morning highlighting the Goldman Sachs meeting with Tesla Motors (TSLA) executives. Here are the highlights…
– Orders have picked up for the Model S and now stand at 4,000 vs the 3,400 at year’s end. The company now expects its 2012 production to sell out soon and still expects to launch the vehicle around mid 2012.
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– Targets 25% … Read the rest
GT Solar (SOLR) Gets $94 Million Order For Poly Production Equipment
GT Solar (SOLR) is announcing a $94 million order from Taiwan based Powertec Energy for a suite of polysilicon production products for a new production facility which is expected to go online next year. The order represents a bit less than half of a quarter of revenue so a decent sized order for GT Solar.
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“We are pleased that Powertec has selected GT Solar as its … Read the rest
Cree Inc (CREE) Missed Again, Guided Lower, Still No Sign Of Bottom
I was out on vacation all last week so apologies for the lack of posting here. I’ll be getting back to full speed very soon. I’ll probably be posting about the most important news events of last week today to get caught up. One important event of last week was the earnings report out of LED leader Cree Inc (CREE). The company disappointed analysts again missing the EPS estimate and guiding lower as well. The … Read the rest
First Solar (FSLR) Pressured On Exec Departure, Chanos Comments
Shares of First Solar (FSLR) were under pressure a bit yesterday and took out key support of the 200 day moving average for the first time since last November after famed short seller Jim Chanos highlighted his bearish stance on the company on CNBC. It was also announced that President of Operations Bruce Sohn has resigned. TheStreet.com posted a nice article with analyst commentary if you’d like more details. I’ll summarize here .. let’s start … Read the rest
Tesla (TSLA) Revolutionizing Car Buying With Apple (AAPL) -Esque Store, Stock Technically Bullish
Less than a year ago Tesla (TSLA) hired former Apple (AAPL) exec George Blankenship who was responsible for creating Apple’s hugely successful retail strategy. Granted, the iPods and iPhones probably would have sold well in a dilapidated shack in the woods, but Blankenship brings 30 years of retail experience to Tesla. At the time Elon Musk commented: “George has a record of building customer-focused stores that revolutionize their industries, and he does it on time … Read the rest
A-Power Energy (APWR) Explains Delay Of Financial Report
A-Power Energy (APWR) is explaining this morning why it’s delayed its earnings report. They are basically just reiterating that it needs more time to complete the 2010 audit after both the internal and external teams indicated they wouldn’t finish in time.
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"While we very much regret the delay and confusion caused by our premature announcement of the conference call, it is most important that our financial … Read the rest
General Electric (GE) Announces Record Thin Film Solar Efficiency, Plans To Build Largest US Solar Factory
As we’ve been covering here for some time, General Electric (GE) has been reinventing itself as a green energy behemoth, beginning with a focus on wind energy, then the smart grid and more recently led lighting and solar. They’ve even developed an electric car charging station called the WattStation.
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This morning they are announcing another big step along the path of its rapid push into … Read the rest