Westport Innovations (WPRT) has announced that Vedder Transport of British Columbia will purchase 50 Peterbilt LNG trucks featuring their LNG engines, pumps and fuel injectors. A few months ago Robert Transport of Quebec purchased 180 of these Peterbilt LNG trucks which has been the largest order to date.
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“This is a significant order for LNG trucks in Western Canada,” said Clark Quintin, President of Westport’s … Read the rest
Emcore (EMKR) posted results this morning that weren’t all that bad, but failed to impress traders enough to keep the strong up trend intact. This is a company that is still looking to return to profitability for the first time since 2006 and it’s getting close which has been the reason the stock has doubled in the past three months. This feels like a sell the news day today with the company posting another quarterly … Read the rest
Now we know specifically why why ABAT wanted to raise $30 million which sent the stock reeling in the short term. The company said it would use the funds for acquisitions and expansion and that’s exactly what they’ve announced today. Advanced Battery Technologies (ABAT) has entered into an Acquisition Agreement with Shenzhen Zhongqiang New Energy Science & Technology which manufactures lithium batteries for mobile phones, MP3 and video game consoles. The $20 million acquisition is … Read the rest
GT Solar (SOLR) has announced some decent sized orders recently and today it announced another one. The company received a $24 million order from Trina Solar (TSL) for its DSS450HP crystalline ingot growth system allowing TSL to increase capacity next year.
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“Trina Solar is one of the top ten PV cell and module manufacturers and we are pleased that they have selected our DSS450HP systems … Read the rest
Here’s an interesting chart from PV Market Research highlighting the solar module and cell manufacturing leaders. Some interesting stats that stand out to me. Q-Cells has improved the most in the past year in terms of cell production and JA Solar (JASO) is really beginning to emerge as a world leader in solar cell production and for the first time is at the top.
Auriga initiated coverage of Power One (PWER) after the bell yesterday with a Buy rating and $14 price target. The firm sees PWER as a the leader in the solar inverter market with solid management and strong cash flow. While they see near term volatility as the industry shifts from Europe to the US and China, they expect volatility to subside in the 2nd half of next year.
Bloomberg reported over the weekend that JA Solar plans to expand solar cell production capacity by at least 30% next year and is currently in negotiations to build a solar production facility in the US, joining other China manufacturers who have begun to produce here in the US (Trina Solar and Yingli if I’m not mistaken). The company will look to expand upon its 10% global market share by seeking opportunities in emerging markets. The … Read the rest
Shares of Kandi Technologies (KNDI) began surging about three hours ago after the company announced it launched their lithium ion battery based electric car, the KD5011, which features a range of 200 – 230km per charge. The previous model (KD5010) used a lead-acid rechargeable battery and had a driving range of 100-150km per charge. They also announced that the new model is eligible for national subsidies of up to $9K per vehicle in all … Read the rest
SunEdison, a subsidiary of MEMC Electronic Materials (WFR), and Arizona Public Service have announced plans to build a 10MW utility scale solar plant located near the Prescott Regional Airport. SunEdison will own and operate the plant while APS will be purchasing the output which would meet the electricity needs of 2500 residents in the area. This project adds to the previously announced 20MW and 17MW plants the companies will partner on in the area. However, … Read the rest
China Sunergy (CSUN) has announced that it’s agreed on a supply deal with a leading Italian solar developer to supply 120MW of solar modules from now through Q3 2011. CSUN was able to secure the deal because of the acquisitions of Shanghai Solar Science & Technology and Nanjing New Energy which had a previous relationship with Ecoware.
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“We are very pleased to continue our partnership … Read the rest
