American Superconductor (AMSC) has landed initial wind turbine electrical control system orders from China’s third largest wind turbine manufacturer, Dongfang Turbine. The electrical components will be used in DTC’s 3MW and 5MW full conversion wind turbines, which were jointly designed and developed by AMSC. Shipments will begin this year, but won’t be shipped in larger quantities until next year. No word on the financials of the deal or exactly how many systems would be shipped.… Read the rest
All posts by Tate Dwinnell
JA Solar (JASO) Inks 110MW Supply Deal With Leading German Solar Company Solar-Fabrik
JA Solar (JASO) has signed another supply agreement with Solar-Fabrik AG of Germany. JASO will supply more than 110MW of solar products throughout this year.
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"Since 2008, JA Solar and Solar-Fabrik AG have enjoyed a productive and rewarding partnership, and we are very pleased to expand on this alliance in 2011," commented Dr. Peng Fang, CEO of JA Solar. "The success of this relationship demonstrates JA … Read the rest
ReneSola (SOL) Beats, But Plunges On Missed Rev Guidance
Shares of ReneSola (SOL) were hammered today, down nearly 17%, after the company reported strong earnings results, but weaker guidance than what the Street was expecting. The company reported another quarter of big quarter over quarter growth with an EPS of .69 on revenues of $386 million. That matched analyst estimates on the EPS side and beat estimates on the revenue side (analysts expected $366 million). However, traders sold the stock due to weak … Read the rest
JA Solar (JASO) Announces Massive $2 Billion Capacity Expansion Over 3YRS
It was announced today that JA Solar (JASO) will invest a bit more than $2 billion in a massive capacity expansion in the city of Hefei. The company is committed to investing in production capacity of 3GW which will ultimately exceed its current entire capacity. CEO Fang Peng stated it’s a project that will last about three years. Considering $2 billion is about a years worth of revenue for JASO, is this too big a … Read the rest
DOE To Review Ascent Solar (ASTI) Application For New Thin Film Solar Factory
Ascent Solar (ASTI), has announced it has been notified by the DOE that the loan guarantee application for its 150MW thin film solar manufacturing plant has been selected for review. The $375 million project would get a $275 million loan under the loan guarantee program. The new plant would provide for production of Ascent’s flexible, thin film solar modules for building integrated applications. Of course, the review is no guarantee that the DOE will approve … Read the rest
A123 Systems (AONE) Misses, But Sees Q2 Pick Up
As expected A123 Systems (AONE) reported another loss, but it was larger than analysts had expected. The company reported and EPS loss of $0.43/share on revenues of $24 million. Analysts expected a loss of $0.37 share on revenues of $26 million.
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The CEO remains optimistic that the pieces are in place for big growth in the coming years, but didn’t give specific guidance for this … Read the rest
Analyst Reactions To First Solar (FSLR) Earnings
I thought I’d provide a short summary on some of the analyst reactions coming out after First Solar’s (FSLR) earnings report Thursday night. In light of the half way decent quarter, it’s no surprise that nearly all of the analysts maintained their current ratings on the stock with some obviously remaining more bearish than others.
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JP Morgan maintained its Underweight rating and $115 price target. The … Read the rest
First Solar (FSLR) Reported Mixed Results, But Raised Guidance
I was out late last week, so wasn’t able to get a report on First Solar (FSLR) earnings out, but taking a look at it now, it wasn’t a great quarter, but not bad either. The company reported mixed results beating on the EPS side, but missing on the revenue side. First Solar reported an EPS of $1.80 (vs the estimate for $1.67) on revenues of $610 (analysts expected $647.
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Ocean Power Technologies (OPTT) Completes Next Gen Wave Energy Buoy
Ocean Power Technologies (OPTT) announced this morning that it has completed its next generation wave energy device, the PowerBuoy 150. The buoy with peak power output of 150kW (enough to power 150 homes), was built in Scotland and is currently being prepared for ocean trials off the coast of Invergordon. A 2nd PowerBuoy is being built in Reedsport, Oregon and the company is pursuing financing for commercial utilization once the trials are complete.
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GT Solar (SOLR) Announces $41 Million LED Furnace Order
On July 30th of last year, GT Solar (SOLR) made an important purchase of Crystal Systems which added LED manufacturing to its solar ingot manufacturing product line. Not only did that diversify its operations, but added another driver of growth and in my mind a much larger driver of growth than its solar operations in a few years. The stock has nearly doubled since that news hit.