Rubicon Technology (RBCN), which makes components for LED lighting is off about 4% in after hours trading after missing analyst estimates with a wider loss than expected last quarter. The company reported a loss of .09/share vs estimates of .06/share. Revenues came in at 4 million vs the expectation of 4.82 million. After growing rapidly over the past few years and producing its first profitable year last year, this is a company going backwards in … Read the rest
All posts by Tate Dwinnell
Energy Focus (EFOI) Recognized As GSA Contractor For Energy Efficiency Stimulus Package Projects
Energy Focus (EFOI), a leading energy efficient lighting specialist is up more than 20% today (keep in mind it’s a penny stock) after it announced it’s been recognized as an official GSA Schedule contractor to the US Government which opens up it’s product line for the potential use in projects determined by the $787 economic stimulus package.
“Becoming a recognized GSA Schedule contractor will expedite the procurement of Energy Focus’ energy efficient and green products … Read the rest
Trina Solar (TSL) Issues Mixed Predictions For 4th Quarter Results
Trina Solar announced today that its 4th quarter revenues should exceed the company’s forecasts of $190 million to $210 million. The company will also reduce its short-term debt to $249 million, a decrease of $41 million dollars.
So, that’s the good news. The bad news is that the company expects weak margins for the 4th quarter. Reuters has the details:
… Read the restTrina said in a statement it would take a charge of between $16 million to
IBM (IBM) Consulting Service To Help Businesses Cut Carbon
IBM just announced the release of a new consulting service called Strategic Carbon Management to help businesses reduce their carbon footprints and save water and energy. IBM’s software can break down energy use and water use by department, so businesses can see how they are doing overall and how much each department contributes.
Here’s what Earth2Tech had to say about the new release:
… Read the restOne of few veterans in this fast-growing field, IBM said in today’s
Itron (ITRI) Releases OpenWay(R) Announces Release Of Improved OpenWay Collection Engine
Itron announced on Thursday that is has just released an improved version of its OpenWay Collection Engine, with better security features. The current version of OpenWay does comply with the security guidelines issued by American National Standards Institute. However, the new version exceeds these security requirements to provide security that meets the standards of the Federal Energy Regulatory Commission (FERC) and North American Electric Reliability Corporation (NERC) "Critical Cyber Asset" requirements as well as the … Read the rest
Volkswagon (VOW) And Toshiba (TOSBF) In Partnership To Develop EV
Here’s some good news for all of you Volkswagon fans: Volkswagon and Toshiba have signed a letter of intent to develop an electric version of the VW Up! concept car, according to SustainableBusiness.com.
Here are some excerpts from a statement released by Volkswagon regarding the partnership:
… Read the rest“The objective is a cooperation for the development of electric drive units and the accompanying power electronics for Volkswagen’s planned new small (car) family,” Volkswagen reportedly said in a
Echelon (ELON) Now A Member Of The Demand Response And Smart Grid Coalition
Echelon just announced that it has joined the Demand Response and Smart Grid Coalition, an industry trade association. The coalition’s goal is to raise awareness of the benefits that demand-response systems and smart grid technologies can offer.
Echelon’s VP of Networked Energy Services (NES) Sales, Jim Andrus, commented on the significance of the coalition in a company press release:
… Read the rest"At a time when the Obama administration is calling for an overhaul of the nation’s
FPL Group, Inc (FPL) Raises Dividend
If you own shares of FPL group, one the country’s largest wind-power producers, here’s some good news for you: MSNBC reported that the company is raising its quarterly dividend by 6% . The new dividend, effective Friday, February 13th, is 47.25 cents per share. Last quarter, it was 44.5 cents per share. Also, FPL shares rose .51 during Friday afternoon trading, to $51.13. … Read the rest
Green Energy Details of Economic Stimulus Package
Now that Congress has approved the economic stimulus package (aka the American Recovery & Reinvestment Act) with Obama expected to sign it into law on Tuesday I thought I’d give a run down of what’s in this bill related to green energy initiatives.
Overall, nearly 10% of the entire bill provides funding and tax credits for green energy related projects.
* $11 billion in spending and loan guarantees to build a “smart grid” to move … Read the rest
PPL Energy Plus To Purchase Renewable Energy Credits From Sunpower (SPWRA) Over 10 Years
PPL Energy PLus, a division of PPL Corp (PPL) announced it has signed an agreement with Sunpower (SPWRA) to purchaxe New Jersey Solar Renewable Energy Certificates (SRECs) over the next next 10 years.
SRECs are certificates representing the energy benefits generated from solar energy and are issued each time one MW hour of electricity is generated. They can then be sold or traded. PPL will purchase SunPower SRECs which provide them with the funds needed … Read the rest