Second quarter financial results are in for American Superconductor Corporation. The company set a record for itself on revenue, earning $40.4 million. That’s an 87 percent increase over this time last year. Net loss was $4.1 million, or $0.10 per share, which compares favorably to last year’s second quarter net loss of $6.7 million, or $0.17 per share. EBITDAS were were a positive $1.1 million, compared to an EBIDTAS loss of $2.3 million this … Read the rest
All posts by Tate Dwinnell
Solar options jump in volume (SOLF, LDK, TSL, STP, YGE)
Solar stocks were up nicely today and the option volume spiked in many of the names.
The following showed up on my nightly scan for highest % change in option volume above its 10 day average:
SOLF 576%
LDK 346%
TSL 223%
STP 197%
YGE 196%
Most of the volume came from call buying so it will be interesting to see if these bullish bets pay off.… Read the rest
AltEnergyStocks.com: "Tight Credit Markets Won’t Stop Wind Energy Industry"
Tom Konrad of AltEnergyStocks.com is out with an article this morning on the wind industry, highlighting reasons to be bullish despite a tight credit market.
His top 3 are:
– both Presidential candidates are calling for the cap n trade system
– the Production Tax Credit (PTC) was extended (I’ll add to this – this is only a one year extension but an Obama victory would likely expand this kind of government subsidy for renewable … Read the rest
Environmental Power (EPG) To Fund Renewable Energy Projects With Convertible Notes
Environmental Power (EPG) announced the offering of its 13% Convertible Notes due Jan 1, 2014 to fund the construction and operation of renewable energy projects developed by its subsidiary, Microgy. Microgy is a developer, owner and operator of renewable gas facilities which uses advanced anaerobic digestion technology to extract methane rich biogas from animal and food industry waste. … Read the rest
Brean Murray Reiterates Buy Rating on Calgon Carbon (CCC), But Lowers Price Target
According to StreetInsider.com, Brean Murray maintains its Buy rating on Calgon Carbon (CCC) but is lowering the price target from 24 to 20.
“Calgon Carbon reported 3Q08 results that were below our estimates. Sales in the quarter of $99.1 million were up 16.7% YoY, but slightly missed our estimate of $102.6 million. Strong sales in the Activated Carbon and Service (up 17.8% YoY) segment drove the growth. An increase of equipment sales of 26% … Read the rest
ReneSola (SOL) Secures Additional Credit Lines, Updates Guidance
ReneSola announced that it has secured additional credit lines from two of the largest bank in China, Industrial and Commercial Bank of China and Agricultural Bank of China. This gives ReneSola additional credit of RMB1.06 billion for total available credit lines of RMB2.8 billion.
ReneSola also released an update on its production capacity expansion. The company recently added 90 MW of production capacity for multicrystalline ingot and wafers and 35 MW of capacity production capacity … Read the rest
ReneSola (SOL) Secures Credit, Upgrades Production Estimates
ReneSola (SOL) has announced that it has secured additional credit lines from two of China’s largest banks to the tune of RMB1.06 billion.
The company is also announcing that it has completed 90 MW of multicrystalline ingot and wafer capacity and an additional 35 MW is on schedule bringing the total annualized monocrystalline ingot and wafer production capacity to 325 MW and the multicrystalline capacity to 250 MW. With the delivery of an additional 70 … Read the rest
A Big Ethanol Casualty: VeraSun (VSE) Preparing To File Chapter 11 Bankruptcy
I first wrote about the absurdity of ethanol in an article a couple years ago at Self Investors titled “Unintended Consequences of the Ethanol Boom“, highlighting food inflation, environmental destruction and the disgusting politicking surrounding it. With a surge of companies all attempting to cash in on ethanol with IPOs, it was just a matter of time before a few of them went belly up. One of the largest ethanol producers around, VeraSun … Read the rest
Aerovironment (AVAV) Breakout – A Diversified Play On Alternative Energy
There are few stocks breaking out to all time highs and even fewer, if any, green stocks trading at all time highs. I have one for you today. The company is Aerovironment (AVAV), often recognized for its rooftoop wind turbine systems with farms in place at Logan Airport in Boston as well as other commercial properties. However, that isn’t their only green initiative. They also develop a solar pump controller to facilitate access to water … Read the rest
Hapoalim Securities Starts First Solar (FSLR) With Sell Rating, $90 Target
According to StreetInsider.com, Hapoalim Securities is going against the grain of yesterday’s 5 Buy ratings on First Solar (FSLR) and issuing a Sell rating and $90 price target.
The firm indicates that FSLR is a high quality firm with less implied risk but that a better entry point may emerge once the dust settles. Their concerns include a weakening Euro, Germany risk, lower selling prices, Malaysia start up costs as well as headwinds in … Read the rest