The International SEMATECH Manufacturing Initiative (ISMI), an industry group for the semiconductor industry, recognized Tokyo Electron Limited and Applied Materials for their dedication to sustainability. Representatives for both companies were presented with plaques to commemorate the achievement at an industry workshop.
Sandro Pampel, ISMI’s ESH Energy Conservation Program leader, said that the companies received the awards based on the following:
“These companies have implemented effective internal processes to characterize and improve the environmental performance of
Given the current economic situation, Covanta Holding Corp’s 3rd quarter results contained a welcome surprise. The company, which turns municipal waste into renewable energy, saw its earnings increase by 29% to $49.7 million, or 32 cents a share, compared with $38.4 million, or 25 cents a share, at this time last year. Covanta also saw total operating revenue increase to 439.0 million, a 25% jump. This beats analysts expectations and backs the company’s prediction of … Read the rest
Cree posted its 1st quarter earnings yesterday, and while its profits dropped by more than half, it still beat Wall Street’s expectations. From MSN Money Central, here’s a quick breakdown of the stats:
Net Income: dropped to $5.0 million, or 7 cents per share. A year ago, the company made 15 cents per share. However, if you factor out amortization expenses and expenses incurred by the company for stock-based compensation, the company would have earned
LDK Solar announced that its new polysilicon plant in Xinyu City, China will operate using Diamond Wire SR200 Filament Saws. These filament saws have a clear advantage over regular blades in that they are capable of cutting up to 100% more filaments, with lower kerf. This results in more efficient use of materials and enables more polysilicon rods to be manufactured from the same amount of raw materials.
Nick Sarno, Senior Vice President of Manufacturing, … Read the rest
Late last week, Ener1 (HEV) announced it has acquired an 83% interest in Enertech International, one of South Korea’s leading lithium ion battery cell producer. It’s intended to broaden Ener1’s production capabilities to take advantage of the global shift to more fuel efficient automobiles.
“Enertech is one of the largest lithium-ion battery producers in Korea, behind only LG Chemical and Samsung,” said Ener1 CEO Charles Gassenheimer. “This acquisition gives us immediate scale and volume … Read the rest
Goldman Sachs is out this morning with several calls on solar stocks:
Upgrades
* Upgraded Applied Materials (AMAT) from Sell to Buy and added to their Conviction Buy List * Upgrades Yingli Green Energy (YGE) from Neutral to Buy but cut price target from $20 to $9 * Upgrades Trina Solar (TSL) from Sell to Neutral but cuts price target from $24 to $12
Maintain
* Maintains Buy rating on Suntech Power (STP) but cuts … Read the rest
Advanced Environmental Recycling Technologies, a company that reclaims waste plastic and turns it in to green building material, received notice that NASDAQ has temporarily suspended a rule requiring all listed stocks to have a share price of at least $1.00. NASDAQ has decided to stop enforcing the rule temporarily, until January 19, 2009.
Advanced Environmental Recycling Technologies was already being given a grace period from the requirement. If their share price is still below a … Read the rest
Exelon, a power company with the nation’s largest fleet of nuclear reactors, made an all-stock bid to NRG Energy late Sunday, according to CNN Money. The deal would widen Exelon’s geographic reach, and also help improve NRG’s credit rating. The smaller company has about 8 million in debt. Here are some more details about the bid, from CNN Money
Chicago-based Exelon said in a press release that it had offered 0.485 of an
“As we continue to experience strong demand for our solar wafers, this particular agreement further expands LDK’s presence in Europe and represents the increasing geographic diversity of our customer base,” said CEO Xiafeng Peng.… Read the rest
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