Echelon (ELON) may be a company to watch in the future with exposure in LED lighting, demand response and smart grid networking but for now the company remains unprofitable with no signs of a turn around yet. The company posted a non GAAP loss of .06/share which beat estimates of -.14/share but revenues shrunk by about 25% over the year ago quarter.
Said the CEO, “In the near-term, we expect the current economic slowdown to … Read the rest
Badger Meter (BMI), which the CEO calls a “bellwether of national trends to measure and conserve water” reported earnings results last night and have the results to back it up. The company reported and EPS of .42/share which represents a 50% bump over the year ago quarter and smashed estimates of .26/share. Revenues came in at $67.6 million, beating estimates of $60 million which is an 18% increase over the year ago quarter.. Not exactly … Read the rest
Solars and Sunpower (SPWRA, SPWRB) are rallying today following a headline Barrons piece, calling Sunpower (SPWRA) a best of breed solar company “starting to see a new dawn” that can survive and grow despite an extremely difficult economic environment.
The article points out that SunPower has an advantage in estimating demand because of its large network of dealers, will benefit from the upcoming utility tax credits for renewable energies and features the most efficient solar … Read the rest
We previously reported that Johnson-Controls Saft would be collaborating with Ford for a demonstration fleet of Ford Escape Hybrids. However, they’ve also signed a 5-year agreement with Ford to produce lithium-ion batteries for Ford’s first first series production plug-in hybrid electric vehicle. Ford expects to have these vehicles in production by 2012. Under the terms of the agreement, Johnson Controls-Saft will initially deliver 5,000 units of these batteries in the first year, with targets expected … Read the rest
Newport Corporation has announced that last year’s sales figures demonstrated a massive expansion into the photovoltaic equipment market, with orders to PV manufacturers increasing by 150%, to $33.6 million.
According to ,
… Read the restSolar equipment sales totalled US$21.0 million in 2008, compared with US$9.3 million in 2007. Fourth quarter sales to PV manufacturers reached US$5.9 million, while orders received totalled US$3.2 million.
Robert Phillippy, President and CEO of Newport noted in the call that access to
Capstone Turbine Corporation just announced the introduction of a long term green energy rental program. The company has already received 2 long-term rental orders for 20 C65’s, from distributors serving oil and gas companies.
From MarketWatch, here’s what two of Capstone’s top executives had to say about the program:
… Read the rest"This long-term rental program is designed to specifically target the Oil & Gas sector and Telecom companies that frequently deploy clean and reliable energy solutions
The best of breed solar companies continue to post strong results, but major headwinds will most likely come in the first half of this year. GT Solar (SOLR) posted outstanding results after the bell today, beating analyst EPS estimates by .06 with an EPS of .30/share. That compares with a .03 loss in the year ago quarter. Revenues soared over the year ago quarter as well coming in at 205.2 million vs just 14.7 million … Read the rest
Earlier today, Itron (ITRI) announced a partnership with Tendril in an attempt to rule the smart grid world. Now the company is announcing a collaboration with Digi International (DGII) to enable utilities to remotely monitor and control automation devices utilizing Itron’s OpenWay advanced metering infrastructure network in conjunction with Digi’s ConnectPort gateway.
“Digi complements OpenWay by bridging common technology standards toward the advancement of Smart Grid adoption,” said Russ Vanos, Itron vice president of marketing. … Read the rest
Two leading players in the smart grid industry, Tendril and Itron (ITRI) have announced a partnership that will extend the reach of the Tendril Residential Energy Ecosystem (TREE) and provide seamless integratoin over Intron’s OpenWay. Tendril will tap into Itron’s experienced sales force which will resell the TREE energy management system to utilities and energy retailers nationwide.
“Smart metering deployments continue to advance in size and scope,” said Russ Vanos, vice president of marketing, Itron. … Read the rest