A few hours ago it was announced that Clean Energy Fuels (CLNE) and American Honda Motor have mutually agreed to terminate the purchase agreement of FuelMaker Corp of Toronto for $17 million. No word on what led to the cancellation.… Read the rest
All posts by Tate Dwinnell
Casella Waste (CWST) Selling Securities To Pay Off Debt
Casella Waste (CWST) announced after the bell today it will periodically sell up to 250 million in Class A shares, preferred stock, warrants and debt securities in order to repay debts and for general corporate use. The news should be enough to send the stock further into the abyss tomorrow with a possible challenge of the 2002 lows on the horizon.
The stock is down less than 1% after hours.… Read the rest
Trina Solar (TSL) Raises Guidance
As if to provide a large middle finger to FBR analyst Mehdi Hosseini, who yesterday cut the target price of Trina Solar (TSL) in half based on silicon supply shortages, Trina Solar (TSL) is out this morning actually raising its guidance, citing strong sales and distribution of products. The company now expects 3rd quarter revenues in the range of 285 – 294 million, up from a range of 250 -265.
“We expect to strengthen … Read the rest
American Superconductor (AMSC) Licenses Wind Turbine Designs to Hyundai
American Superconductor (AMSC) announced that it has licensed two of its wind turbine designs, the 1.65 MW and 2MW doubly fed induction versions, to South Korea’s Hyundai Heavy Industries, the world’s largest shipbuilder and global supplier of electrical equipment. Hyundai plans to begin production on the turbines at the end of 2009 and will initially target the US market.
“Hyundai Heavy Industries is one of the largest manufacturers of high quality, large-scale electro-mechanical equipment … Read the rest
Bail-out Bill Includes New Tax Breaks For Utilities Installing Smart Meters
In addition to the investment tax credits for alternative energy, the bailout bill also included new tax breaks for utilities installing smart meters. "Smart meters," which allow utility companies to more effectively price power according to demand and thus encourage more efficient use of power by consumer, cost $120-$200 each, and that cost has been an obstacle to large utilities who want to implement them over their customer base.
The tax credits are worth $915 … Read the rest
Update Released On LDK Solar (LDK) Polysilicon Plant Construction
LDK Solar released an update today describing the progress they have made so far in the construction of their 1000-metric ton polysilicon plant. Expect them to update their 4th quarter production estimates in a separate statement, but here’s where they are as far as building the plant in concerned, according to their press release:
… Read the restEquipment installation for the 1,000 MT annualized capacity polysilicon plant has been completed and plant process commissioning has commenced. To date,
Energy Conversion Devices (ENER) To Build 120MW Plant In Battle Creek, MI
Energy Conversion Devices has announced the location of its new solar cell production plant: Battle Creek, Michigan. Battle Creek was chosen primarily because of the generous incentives they were able to offer .For example, Every Conversion Devices will receive Michigan Business Tax credits valued at $41.4 million over the next 20 years. Including other benefits such as property tax relief and grants to help with training new employees, Energy Conversion Devices is receiving $120 million … Read the rest
US Geothermal (HTM) Raft River Site Wins DOE Grant
The US Department of Energy has chosen US Geothermal’s (HTM) Raft River site in Idaho as one of 21 projects to demonstrate the viability of Enhanced Geothermal Systems (EGS) and will provide up to $6 million to fund the research. The program is designed to perform a monitored thermal stimulation of an existing injection well to improve permeability within the geologic horizon that hosts the Raft River geothermal reservoir.
“We believe this EGS project will … Read the rest
Upgrades: First Solar (FSLR), SunPower (SPWRA); Downgrade to JA Solar (JASO)
Some solar analyst ratings are out this morning with Friedman Billings upgrading both First Solar (FSLR) and SunPower (SPWRA) to Market Perform and price targets of $210 and $65, respectively.
JA Solar (JASO) wasn’t so fortunate, getting a downgrade from Canaccord Adams from Buy to Hold. The stock is off nearly 18% today with heavy volume, erasing yesterday’s move an then some.
Let’s not forget though that it was Canaccord Adams that initiated coverage with … Read the rest
Johnson Controls-Saft (JCI) Lithium-ion Batteries To Be Used In BMW Hybrid
Johnson Controls-Saft, a joint venture between Johnson Controls, which makes car batteries, and Saft, which makes high-technology lithium-ion batteries, has just announced that its lithium-ion batteries will be used in the new BMW 7 Series ActiveHybrid car. The batteries will be produced at the company’s new facility in Nersac, France. The facility was designed to be easily expandable as demand for the product increases.
Mary Ann Wright, who leads the joint venture, stated that "Johnson … Read the rest