Pacific Ethanol (PEIX) is surging about 20% today with heavy volume after the company announced this morning that it resumed ethanol production at its facility in Stockton, CA on Dec 9 and is running at about full capacity.
It should be noted that this isn’t new news. The company first reported back in October it would resume operations due to governmental support for ethanol at the local and Federal (EPA) level.
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In an article over at Bloomberg a few days ago, Tesla Motors (TSLA) indicated it believes it can reach profitability much sooner with the Model S (still a year or two away from selling) than Nissan can with its LEAF electric car because of cheaper batteries. Tesla said its battery cells which are similar to those used in laptops allow the company to reach profitability after 20K Model S’s sold which is far less than … Read the rest
China Integrated Energy (CBEH) has signed a non-binding letter of intent to acquire the assets of Hainan Lin Gao Chemical which includes the land and facilities to provide a place for CBEH to build a 300K ton biodiesel plant. The company is expected to close on the $9 million deal by the end of this quarter and begin production with an initial capacity of 100K tons within a year from the close. The facility will … Read the rest
Evergreen Solar (ESLR) first indicated back in June that it was pursuing a reverse stock split in hopes of keeping from a delisting by the Nasdaq. After a big surge in October the stock was able to get back above the buck level but has since returned to the abyss. The company remains on life support and while there are some positive developments such as the beginning of their China manufacturing operations, the company has … Read the rest
Zacks Investment Research has JA Solar (JASO) rated as a Strong Buy based on growth and valuation. Combine that with the fact that it has pulled all the way back to its 200 day moving average and it adds up to a very compelling solar play at current levels.
Zacks points out that JASO is now trading with a PEG ratio of just .4 (any number below 1 is very good), a forward PE of … Read the rest
A few days ago I commented that TSLA was providing an excellent short setup after a big run. It didn’t take long for shares to hit my profit target as insiders began dumping shares once the lock up period expired Monday. After such a big run in a highly speculative company, I’d be selling too.
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The Street reports there are about 93 million shares of … Read the rest
Gushan Environmental (GU) received quite a gift this holiday season from the Chinese government. It was announced on December 24th that consumption tax paid on pure biodiesel made from animal fats and vegetable oils will be removed and refunds on the tax will be retroactive as of Jan 1st 2009. The news sent China biodiesel producer Gushan soaring yesterday and the stock is up again today. The company indicated it is currently evaluating what financial … Read the rest
Even as many of the solar industry experts are calling for a difficult year next year, the top solar companies continue to announce expansion plans. Trina Solar (TSL) is another one. The company recently announced that it will invest $800 million over the next three years in the Changzhou Trina PV Park to expand manufacturing and R&D.
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“We are pleased to announce the continuing … Read the rest
(Via Digitimes) Aixtron (AIXG) is surging with heavy volume this morning on indications that the company has received a large order for 400-500 MOCVD machines used for LED production. The likely customer is GCL Group which was rumored to be bidding on a large order about a week ago.
Shares of AIXG are surging again following a mini correction over the past couple weeks. The stock surged off support of the 50 day … Read the rest
Two two green stocks are moving this morning on notable analyst calls.
Goldman Sachs initiated coverage on ReneSola (SOL) with a Buy and $11 price target which is about 30% higher from current levels. The firm likes the solid balance sheet and the valuation after a big correction. I’ve said that SOL and JASO have offered compelling entry points off their 200 day moving averages and still feel that way. Shares of SOL are up … Read the rest