Akeena Solar (AKNS) was hit with higher costs last quarter, leading to a miss on its earnings report. The company reported a wider loss than what analysts were expecting (.15/share) with 5.1 million in losses (.18/share) in the quarter, compared with a loss of 1.9 million in the year ago quarter. The company also mentioned that it has cut 36 jobs since the beginning of the year.
Clearly a company with zero momentum and … Read the rest
Clean Harbors (CLHB) reported better than expected earnings this morning and raised its full year 2008 revenue outlook. After initially selling off this morning, the stock has recovered significantly and reclaimed key support levels.
The company credited the strong results to growth across all segments and higher utilization of its domestic incinerators.
The company reported a 44% jump in income which beat estimates. Revenue rose 11% from the year ago period which also edged estimates. … Read the rest
Verenium (VRNM) is soaring nearly 50% this morning on news that oil giant BP is paying the company 90 million for access to its cellulosic ethanol technology. The two companies have created a special entity as part of the deal and the technology developed will be jointly owned and licensed.… Read the rest
Altair (ALTI) the lithium battery maker for electric cars reported another quarterly loss of .07/share but beat estimates by a couple pennies on revenue of 1.9 million (vs consensus of 1.65 million).
Today, the company also announced a $350,000 contract with the US Army to deliver prototype batteries for use in the Army’s M119 105mm lightweight gun digitization program. Altair’s batteries can operate in extreme conditions with rapid charging capabilities and a long life.
Delivery … Read the rest
A press release from EMCORE Corporation, announces that the company has entered into two new agreements to deliver solar cells and receivers with a total value of over $40 million. The larger of the two purchase contracts is a multi-year supply agreement for solar cells. The customers placing these orders are targeting CPV (concentrating photovoltaics) use in the United States with a particular focus on the California market. The EMCORE products will be used in … Read the rest
First Solar recently announced second-quarter revenue of $267 million which is more than 3 times its revenue from second quarter 2007. According to Zacks its a top rated alternative energy company. Its stocks have recently traded sideways and is consolidating with key levels of resistance at $290.00… Read the rest
Sanyo has opened a new assembly plant in Ohtsu. The new 7000m2 plant has an initial capacity of 40MW per annum with the capacity to expand production further, Sanyo said. The new facility is part of Sanyo’s latest investment in solar, with total investment of $650 million in next 3 years.… Read the rest
According to Barron’s Tech Trader Daily blog, Pacific Crest analyst Mark Bachman reveals quality problems with Akeenas’ solar panels. Some of the problems he mentions, quoting information revealed by his contacts, involve the frame, not the performance of the modules themselves. Bachman continues: “Akeena touts the aesthetically pleasing nature [of its Andalay line] as a key contributor to charging a premium price. Poor manufacturing quality affecting the looks, coupled with reports from our contacts that
ADM reported a drop in fiscal fourth-quarter profit even as the company’s sales were boosted by higher commodity prices.
ADM reported net income in the quarter ended June 30 of $372 million, or 58 cents a share, down from $955 million, or $1.47 a share, a year earlier. The profit picture was complicated by gains from asset sales last year, which added $616 million after taxes to year-earlier results. Excluding the effect of those gains, … Read the rest
IDSA, the scrap metal recycler of Kentucky, reported strong results after the bell yesterday with revenues surging 77% over the year ago period and EPS more than doubling to 1.66 million
“ISA is benefiting not only from the higher price of commodities, but we are also successfully maximizing the utilization of current assets while we invest in expanding our processing and shipping capacities,” said Brian Donaghy, ISA President and Chief Operating Officer. “This is evident … Read the rest