Cree, Inc announced that is has achieved industry-best research and development results with a white power LED capable of delivering 161 lumens per watt. The tiny LED used in the test measured only 1 square millimeter, but was able to deliver 173 lumens of light, with an efficacy of 161 lumens per watt under normal LED conditions. Although this LED is not for sale commercially, Cree does currently have LEDs on the market with an … Read the rest
All posts by Tate Dwinnell
Ener1 (HEV) And Kyushu Electric Power Team Up to Create Fast Charging Stations For Electric Vehicles
Ener1 announced yesterday that it has signed a memorandum of understanding with Japanese power and utility giant Kyushu Electric Power (KEPCO). Per the memorandum of understanding, the two companies will work together to develop and produce rapid charging stands for electric vehicles. They will use KEPCO’s existing rapid charging station, already in use in Japan, as a base, and customize it with the EnerDel High Energy Pack System from Ener1. The new systems, expected to … Read the rest
Trina Solar (TSL) Plunges Further After Beating But Cutting Forecasts
Trina Solar (TSL) is down nearly 10% in premarket trading after beating estimates for both EPS and revenues for the quarter but guiding below for Q4 and full year 08. The company reported an EPS of 1.17, good for a 318% increase over the year ago quarter and topping estimates by .07 on revenues of 290.7 million (beating estimates by about a million).
However, it’s always about guidance and it wasn’t good. The company cut … Read the rest
LDK Solar (LDK) Reports 3rd Quarter Results, Growing Sales Fuel Higher Earnings
In some good news, LDK Solar reported its 3rd quarter results today. The company’s third quarter earnings jumped due to higher demand and increased sales. For example, revenue jumped a whopping 241% to $541.8 million, beating the company’s own predictions. Net income increased from $41.6 million, or 37 cents per American Depositary share, one year ago to $88.4 million or 77 cents per ADS, beating Wall Street analysts’ expectations of 71 cents per share. … Read the rest
Today’s Analyst Upgrades/Downgrades & Notes On Alternative Energy Stocks: FSLR, WFR, ESLR, ASTI, TSL, AVAV
It’s getting late but wanted to run down the upgrades/downgrades of today as well as a few notes..
Lazard Capital Markets analyst Sanjay Shrestha said this week that although macroeconomic factors continue to depress alternative energy stocks, the future looks bright. “We believe Barack Obama’s election is a long-term positive for the alternative energy group,” Shrestha said. “Until the financial markets show signs of stability, the economy will likely continue to overshadow other policy agenda … Read the rest
American Superconductor (AMSC) & Shenyang Blower Works Partner For Wind Turbine Development In China
AMSC and leading Chinese industrial equipment manufacturer Shenyang Blower Works announced today a partnership that will position SBW as a leading supplier of wind turbines for the China marketplace. AMSC will provide designs for its 2MW induction wind turbines, help localize the supply of all core components, establish the wind turbine manufacturing line and build and test SBW’s first prototype turbines. Sounds like a great deal for SBW! Once SBW receives certification, they will … Read the rest
Green Plains Renewable Energy (GPRE) In Joint Venture for Algae Biofuel
Green Plains Renewable Energy (GPRE) has announced a joint venture with Clarcor (CLC), BioProcessH2O and NTR to form BioProcessAlgae LLC with an aim to commercialize algae biofuels. The join venture company expects to produce algae at Green Plains ethanol plant in Shenandoah, Iowa.
“Algae is potentially a by-product of ethanol that makes the process cleaner and greener through carbon sequestration,” said Wayne Hoovestol, Chief Executive Officer. “Algae production fits into Green Plains’ business model since … Read the rest
ReneSola (SOL) Shares Plunge Premarket After Beating Estimates But Issuing Weak Revs Outlook; COO Resignation
Shares of ReneSola (SOL) are off nearly 15% in premarket trading after the company reported an EPS for the 3rd quarter of .46/share, which topped estimates of .36/share but the company sees FY08 revs of $640 to 670 vs estimates of $698. In addition, the COO resigned effective Nov 1 to pursue other interests.
“Looking ahead, we are confident the current challenges in the industry are temporary and that the mid- to long-term prospects remain … Read the rest
MEMC Electronics (WFR) Gets Downgrade, Lowers Sales Outlook
Not a good day for MEMC Electronics (WFR) today. It didn’t start out well with Collins Stewart downgrading the stock from Buy to Hold on falling polysilicon prices which resulted in reducing Q4 08 and 1H 09 projections to reflect the falling prices. The stock closed down today nearly 13% to a new multi year low.
For good measure the company is out after the bell downgrading itself, cutting Q4 sales guidance from $540 – … Read the rest
Ener1 (HEV) Gets MDB Capital Upgrade to Buy
According to StreetInsider.com, MDB Capital is upgrading Ener1 (HEV) this morning from Hold to Buy and increased the price target from $7.50 to $10. The analyst believes that HEV will meet or exceed its 09 volume commitment for the Think vehicle and is positioned for significant growth based on..
– the recent purchase of Enertech
– the beginning of shipments of its battery pack to Think Global as part of a $70 million contract… Read the rest