The Rocky Mountain News reports that Xcel Energy Inc has voluntarily offered to shut down two coal-fired power plants to reduce emissions. The company’s plans have been approved by state regulators, and the plants will close in 2010 and 2012. Xcel will build a 200-megawatt solar energy facility and add 850 megawatts of wind energy in order to replace the older coal-fired plants. Several solar companies have expressed interest in bidding on the solar plant, … Read the rest
All posts by Tate Dwinnell
Suntech Power (STP) Signs Wafer Supply Agreement With GCL Silicon
Suntech Power (STP) has entered into a silicon wafer supply agreement with GCL Silicon to purchase 9420 metric tons of polysilicon and 1.1 gigawatts of silicon wafers from GCL between 2008 and 2012. Suntech has now secured about 1 GW of silicon for next year. Tight supplies have hampered the industry but its expected to ease a bit by the end of year.
“These agreements with GCL Silicon will greatly strengthen our silicon pipeline and … Read the rest
The Top Three Automakers in Japan Report Production Jump As Consumers Seek Fuel Efficiency (TM, HMC, NSANY)
High gas prices have led many consumers to trade in gas guzzlers for more fuel efficient vehicles. This has been a boon to Japan’s top 3 auto companies, Toyota, Honda and Nissan.
As reported on MSN Money, Toyota Motors Corp’s global output rose 10.2 percent over the past year. Honda Motor Co reported an increase of 17.7 percent, and Nissan increased their output by 26.8 percent. All of the automakers are struggling to shift … Read the rest
Archer Daniels Midland (ADM), Deere & Company (DE) And Monsanto (MON) To Collaborate On Recycling Corn Wastes For Energy
Archer Daniels Midland, Deere and Company, and Monsanto are collaborating to look for ways to use corn stover in animal feed and as a source of biomass for energy production. Stover consists of the leaves, stalk and cob of the corn. These waste products are usually left on the field to fertilize the soil and prevent erosion, but these companies believe they can increase the value of this material so that farmers can produce more … Read the rest
Solarfun Releases Results for Second Quarter (SOLF)
MSN Money reports that Solarfun Power Holdings, a company that manufactures silicon ingots and photovoltaic cells, has just released its financial results for the second quarter.
Some highlights of the report were as follows:
Since the first quarter of 2008, net revenue has increased 12.7% to 197.1 million US dollars. The average selling price of Solarfun stock has also increased, from $4.07 to 4.17/share. Over the past year, the company’s operating profit has increased … Read the rest
GT Solar (SOLR) Reports Strong Quarter
GT Solar (SOLR) which IPO’d near the end of July and has struggled since on concerns over its relationship with largest customer LDK Solar, reported a strong quarter after the bell today with the company turning a 3 cent/share profit, reversing the loss in the year ago quarter as revenues soared 272% from the year ago quarter to 57 million.
The company said the sales increase was due primarily to its DSS 450, its new … Read the rest
Jim Cramer Recommends Clean Energy Fuels Corp (CLNE)
Last Night on CNN’s Mad Money, Jim Cramer recommended Clean Energy Fuels Corp as a good alternative energy investment. Clean Energy Fuels Corp is owned by Texas oilman T. Boone Pickens, who recently put forth a plan to wean us from our dependence from oil called Pickens Plan. The Pickens Plan involves replacing as much of our power generation as possible with renewable sources such as wind, and then switching over to natural gas for … Read the rest
Alternative Energy Investor Biggest Gainers and Losers for 08/15-8/22
Alternative Energy Investors compiled a list of the highest and lowest performing green energy stocks for the week of 08/15/08-08/22/08.
And the winners for this week are:
1) Solar2 Ag XE:S2R
This solar energy company increased in value by 76%.
2) Nova Biosource Fuels, AMEX:NBF
Nova Biosource, a biodiesel company, saw its stock price rise by 50.5%
3) Quant Ene Fpo ASX:QTM
This heat pump manufacturer saw gains of 37.93%
LDK Solar (LDK) On Target For Increased Production, Releases Revenue Expectations That Exceed Expectations
LDK Solar, a company from China that manufactures solar wafers, held a ceremony 0n August 23rd to celebrate increased production capacity. At this time, their plant is capable of producing 1.0 GW of wafers, and they plan to increase that even further to 1.2 GW capacity by the end of the year.
Also, LDK Solar released financial projections for 2009, with predicted revenue exceeding analysts’ expectations. Here is their financial outlook for 2009:
… Read the rest2009
SunPower Corporation up 2.27% (SPWR)
Askstockguru.com notes that Sunpower Corporation is in a "bullish" phase right now. The site recommends waiting until the price drops back down to 90.05/share if you are aggressive, and 78.6/share if you are conservative. The article also advises potential investors to:
… Read the restRisk Management: Consider risking somewhere between 7.6785(7.95%) and 12.7975(13.25%) points on your position. Risk management is an important part of trading. Our risk management strategy is based on the average daily range of the