.. and that’s the positive. Trinity Industries (TRN) reported awful earnings after the bell today but you wouldn’t know it by looking at the press release headline: Trinity Reports Solid 4th Quarter Results. You wouldn’t know it by reading the comments of the CEO either: “Our fourth quarter results demonstrated the positive aspects of the diversification of our portfolio of businesses during a tough economy.” Oh yeah?
Here are the facts:
The company matched analyst … Read the rest
EnerNOC (ENOC), energy efficiency extraordinaire looking for it’s first profitable year (and still looking), posted a loss that was considerably smaller than what analysts had expected but greater than the year ago period after the bell today. The company posted a non GAAP loss of .45/share which was .21/share better than expectations on revenues of $19.7 (flat from a year ago)
“The fourth quarter marked a strong conclusion to an outstanding 2008, a year in … Read the rest
Itron (ITRI), the “Microsoft of smart metering” is likely to be a big winner in the coming years as the Obama administration pushes for greater efficiencies but for now growth continues to deteriorate. After years of significant growth in ’05, ’06, ’07 and most of ’08, the company appears headed for a year of flat to negative growth here in 2009. I personally think that just creates an outstanding opportunity once the correction in the … Read the rest
Earlier this week, MEMC Electronic Materials announced it would decrease the price that Suntech Power Holdings is paying for its solar wafers. Now, they have changed their contract with Gintech Energy as well. The change in the contract is similar to the change made to Suntech’s contract-price per wafer is dropping, but the volume of wafers will be increased so that the ultimate revenue from the contract remains unchanged.
The purchase of a minority stake in Asia Silicon. The company paid $8.1 million to one of Suntech’s existing shareholders to buy a stake in the company. Suntech already has a supply agreement with Asia Silicon to buy up to $1.5 billion worth of high-grade polysilicon from Asia Silicon over the next years.
Zhengrong Shi, Suntech’s chairman and CEO, commented on the deal:
… Read the rest“We are very pleased to cement our relationship with Asia Silicon. Asia
Suntech Power (STP) reported a large loss of .27/share last quarter which matched estimates but beat revenue expectations with $414 million in revenue, a small bump up from the year ago quarter.
“We believe that we are now in a position to service all avenues of solar demand globally, including residential roof-top, commercial roof-top, ground mounted and utility scale. In particular, our continued investment in the U.S.should position us for strong growth in that key … Read the rest
SunPower just announced the completion of Australia’s largest rooftop solar installation. The installation consists of 350 KW worth of solar panels mounted on the roof of the Crowne Plaza Hotel rooftop in Alice Springs.
Bob Blakiston, SunPower Australia’s managing director, commented on the accomplishment:
… Read the rest"We are proud that Invest North chose SunPower’s high-efficiency solar panels to help power its flagship hotel in Australia. This installation is a testament to the growing adoption of solar energy
The recovery plan that GM submitted to the government depends heavily on the downtrodden automaker’s ability to turn itself into a leaner and greener company. Earth2Tech.com reports that the company validates its intentions to create jobs for Americans and help combat climate change by referencing the following:
… Read the restThe Michigan assembly plant planned for the Volt battery pack, and a nearby lithium-ion battery development program. What’s the one vehicle it names in the stated plan to
Xcel Energy customers in Colorado will soon be able to check their household carbon emissions online via Xcel’s website. The company may also offer more in-depth carbon calculation tools to help customers determine the total size of their carbon footprint, including emissions produced by food, water and transportation, according to the DenverPost.com.
… Read the rest"What we’re trying to do is help customers understand first what a carbon footprint is and then to give them the information
General Electric is considering building a wind farm in the Mirkovo region of Bulgaria. Recently, country’s Economy and Energy Minister met with GM’s Project Manager of GE Infrastructure-Energy to discuss the region’s suitability for wind power generation.
… Read the restGE experts have visited Bulgaria twice in 2008 to conduct preliminary research of the area. The results revealed the possibility of building a wind park with power between 150 and 500 MW. The research is