According to Bloomberg, the Nation Development & Reform Commission in China has said that it will reduce its 2020 target for nuclear power from 80GW, but didn’t say by how much. The beneficiary? Solar power companies. The commission plans to increase its solar power capacity estimate for 2020 from 20GW, but also didn’t specify by exactly how much.
Obviously it’s a tremendous tragedy what’s happening in Japan with the nuclear power crisis on top … Read the rest
I just posted about Obama’s energy policy speech which is helping to lift the natural gas fuel stocks. A press release from Ford Motor (F) is likely helping as well. They are saying that demand for CNG (compressed natural gas) vehicles has been rising due to rising oil prices, government incentives and an increased number of available nat gas pumping stations. Ford offers the CNG option on its Transit Connect E-Series vans and F-series super … Read the rest
The natural gas fuel stocks are surging with heavy volume this morning ahead of an Obama speech in which he’s expected to lay out his energy policy in order to reduce dependence on foreign oil. It’s expected he’ll outline a variety of initiatives which will include increased US oil production and ethanol production as well as a push for natural gas as a fuel. The goal will be to reduce oil imports by about a … Read the rest
It seems the name of the game, particularly this year, is run through the financial statements and conduct interviews of China based companies to find evidence of shady dealings of fraud. Then short the stock and publish the piece which will be picked up by Seeking Alpha. Profit handsomely. Wash, rinse, repeat. Citron Research was really the first firm to have an impact in this regard, but lesser known firms are joining the ranks as … Read the rest
Usually, I just posts highlights of the reports from Mark Bachman from Auriga, but this morning decided to just publish in full. Thoughts?
As the second act of the Italian solar drama begins, we look at the bear argument of "too much 2012 capacity leading to uncontrollable price and margin declines." At the risk of starting a larger food fight, we provide our view on how industry capacity develops and show that actual shipments end … Read the rest
It’s been an up and down few months for shares of Industrial Services of America (IDSA), which recycles metals and helps companies manage waste. In February, the company issued guidance that wasn’t as strong as traders were looking for and the stock plummeted. This morning the stock is popping around 17% after the company released earnings results that were at the top of the range of previous guidance. In February the EPS guidance was .25 … Read the rest
Well, the credibility of A-Power Energy (APWR) is in question yet again this morning as the company postpones its earnings report once again. You might remember that the company first postponed its earnings report back in November of last year and didn’t give a reason. The stock was hit hard a few weeks later when the company finally reported and missed on earnings and guidance.
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This … Read the rest
Shares of China Sunergy (CSUN) popped this morning after the company posted earnings results that beat analyst estimates on the bottom line but didn’t live up to expectations on the top line. The company reported an EPS of .37/share (vs analyst estimate of .33/share) on revenues of $170 million (vs analyst estimate for $175 million). It looks like traders favored the improvement in margins and the beat on the EPS side, but by the end … Read the rest
Nexxus Lighting (NEXS) is on a roll. The company has been receiving Energy Star approvals for many of its LED bulbs and several days ago announced that they will be available in over 1000 Lowe stores which sent the stock soaring. Yesterday they announced that two more of its bulbs have received the coveted Energy Star approval rating, the first two of its Array PAR38 LED replacement lamp models. It brings the number of … Read the rest
Cereplast (CERP) continues to sign distribution deals across Europe for its bioplastics resins used for the production of biodegradable packaging. This time the company has landed a one year deal with Croatian based DMT Plasticor which provides DMT with exclusive distribution rights in Croatia. The deals opens the door for DMT to begin replacing petroleum based packaging for food products in Croatia with more earth friendly packaging made from corn, wheat, tapioca, potatoes and algae.… Read the rest