SunPower (SPWRA) announced early this morning a new contract with City Solar of Germany in which SPWRA will provide them with 100MW of solar panels along with commercial rooftop and ground mounted systems over the next 3 years.
Steffen Kammler, City Solar’s President and Chief Executive Officer, said, “With this deal, we can offer our commercial customers SunPower’s high-efficiency solar panels and patented rooftop and ground mounted tracking systems, which can significantly increase their energy … Read the rest
First Solar (FSLR) has announced that it has completed production on a 2MW solar power plant for Southern California Edison which was installed on the rooftop of a commercial building in Fontana, California. It’s the first project for SCE within a larger plan to install 250MW of solar power across commercial rooftops throughout Cali over the next 5 years. First Solar (FSLR) will also engineer, manufacture and install the next project in Chino, expected to … Read the rest
Yingli Green Energy released its 3rd quarter results last week. Net revenue went up quite a bit, increasing to RMB 2,209.8 million (USD $325.5 million) from RMB 1,987 million in the 2nd quarter of 2008 and RMB 1,276.5 million in the 3rd quarter of last year. However, due to the depreciation of the euro against the Renminbi, gross profits actually declined from the 2nd quarter. Gross profit came in at RMB 492.6 million (USD $72.6 … Read the rest
Applied Materials released its brand-new Applied Centura® Silvia™Etch system today. This new system is a step forward for Applied Materials because it allows higher performance silicon etching at a lower cost for through-silicon via (TSV) applications. The Silvia system uses the company’s proprietary time-multiplexed gas modulation (TMGM) process, resulting in a higher silicon etch rate and lower operating costs.
Ellie Yieh, Applied Materials’ VP of the Etch and Cleans Business Unit, explained why the new
The Midwest partners have decided to complete the environmental assessment for the project, which has been ongoing since December 2005 and to complete the engineering for the Midwest site. This will enable the project to be advanced to the stage that it is ready
Rumors of imminent consolidation in the ethanol industry gave some of the industry’s major players a stock market boost on Wednesday. Poet LLC, the biggest fish in the ethanol pond, announced this week that it was considering snapping up some its competitors. Poet isn’t naming any names, but bankrupt VeraSun announced it had received a takeover bid from another unnamed ethanol company.
EMCORE Corporation announced that it has set up the first EMCORE concentrator photovoltaic system (CPV). The CPV system was set up in China with the help of XinAo Group. It is already installed and operational. Here is a little bit more information about the system, as well as future system installations in the Chinese market:
The deployed 50 kilowatt (kW) CPV system is power-driven by state-of-the-art, high-efficiency compound semiconductor-based multi-junction solar cells, operating with 500x
The Andersons, Inc, just announced that it expects its earnings for 2008 to be a good deal lower than previously expected. The company had originally forecast earnings in the range of $3.50 to $4.00 per diluted share. Now, they are expected to be in the range of $2.00 to $2.80 per diluted share.
Here are some further comments from the company:
The current guidance adjustment is the result of continued volatility in the plant nutrient
China Sunergy reported its 3rd quarter results today. Compared to the third quarter of last year, the company has grown significantly. This year, revenues for the 3rd quarter are up 142.9% compared to the third quarter of last year, increasing to $119 million. This was also a 6.6% increase compared to the 2nd quarter of 2008.
Non-GAAP net income also increased compared to the 3rd quarter of last year, rising from a loss of … Read the rest
Here’s a run down of recent big buying or selling by insiders in alternative energy companies:
BUYING
* Nov 19th & 20th Cypress Semiconductor (CY) CEO bought 1,126,560 for roughly $3.5 million
* Nov 14th, 17th, 18th Energysolutions (ES) CEO Steve Creamer bought 1 million shares for roughly $4 million
SELLING
* Nov 24th Aerovironment (AVAV) Chairman/President Timothy Conver sold 22,268 shares for roughly $400K. He sold a similar amount at the beginning of … Read the rest
Green Alternative Energy Stocks – Solar, Wind, LED Lighting,Smart Grid, Electric/Hybrid Cars, Wave Energy, Green Building, Biofuels & Geothermal