China Sunergy (CSUN) and Pythagoras Solar, an Israeli provider of building integrated photovoltaic (BIPV) products, announced the signing of an agreement to co-market and advance the development and scale manufacturing of BIPV products from 2010-2015 in China. Research firm NanoMarkets estimates that the BIPV market could increase more than 10-fold to $8 billion by 2015. Pythagoras is an interesting company which is leading the way in creating solar energy producing windows and this partnership hopes … Read the rest
All posts by Tate Dwinnell
Hedge Funds Increase Green Stocks Short Selling (TSLA, FSLR, SPWRA, AMSC, ZOLT)
Bloomberg reports that short selling in green stocks has been increasing and is nearly four times the short selling in the S&P. In November, 17% of shares in the 35 stocks that make up the Wilderhill New Energy Index are sold short, up from 16% last month and 15% in September. That compares with the 4.4% short ratio of the stocks that make up the S&P.
Among the most heavily shorted stocks are Zoltek (ZOLT) … Read the rest
A-Power Energy (APWR) Crushed After Big Miss, Lowered Guidance; Texas Wind Project Likely Dead
In the “you can’t trust the management of a China based company department” .. and there are an increasingly large number of these lately.. A-Power Energy (APWR) finally reveals that indeed the company is far from a leader in the China wind energy space and is struggling in its other business as well. To make matters worse, the big Texas wind project (Spinning Star) is on life support and will likely never happen if additional … Read the rest
General Motors (GM) Officially Launches Chevy Volt
The glam and glitz continues as the Chevy Volt nears its debut on US streets. While the company announced the beginning of production at its plant in Detroit, a few hundred have already been built and will be sold in a few major cities. The car is expected to get 93 MPG when using all electric in that first 35 miles and 37 MPG when running on gas for a combined 60 MPG which could … Read the rest
China Bak Battery (CBAK) Misses, CFO Steps Down, Shares Pressured
China BAK Battery (CBAK) posted disappointing results this morning, posting another quarterly loss. Analysts had expected the company to get back in the black, but instead they posted an .08/share loss. Net revenues were shy of the analyst estimate as well at $55.6 million (analysts expected $60 million).
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Most of their business comes from battery packs for mobile phones and other personal electronic devices … Read the rest
Advanced Battery Tech (ABAT) Hit On $30 Million Capital Raise
Advanced Battery Technologies (ABAT) is down 10% this morning on news the company will raise $30 million by selling 7.5 million shares at a price of $4/share. The company will also issue warrants that when fully exercised could provide another $15 million in capital. The company plans to use the proceeds for acquisitions and manufacturing capacity.
The best companies are able to recover quickly from a capital raise, so it will be interesting to see … Read the rest
Trina Solar (TSL) Beats By Wide Margin, Raises Guidance, But Not Enough
Trina Solar (TSL) as expected has posted impressive Q3 results this morning, but it’s not enough and the stock is trading down more than 5%. The company reported an an EPS of $1.08/share which is well ahead of the analyst estimate of .87/share on revenues of $508 million vs the analyst estimate of just $420 million. Solar shipments came in much better than the previous estimate of 250 – 260MW at 290MW and gross margins … Read the rest
Zoltek (ZOLT) Plunges AH On Revenue Miss, But CEO Remains Optimistic
Zoltek (ZOLT) has made a habit out of reporting disappointing earnings results and they did it again after the bell today. While the company posted a bit narrower loss than what analysts expected (.01) vs analyst estimate of (.02), they missed significantly on the revenue side, posting $31 million vs the estimate for $43 million. The CEO blamed the poor performance on the shift in production capacity of its biggest customer Vestas Wind, currency fluctuations … Read the rest
Vestas Wind (VWDRY) Selects Broadwind Energy (BWEN) Wind Towers For Glacier Hills Project
Broadwind Energy (BWEN) it was selected by Vestas Wind (VWDRY) to be the wind tower supplier for the Glacier Hills Wind Park in Wisconsin. The 90 turbine project is expected to generate enough renewable electricity to power nearly 50K homes.
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Jess Collins, executive vice president and chief operating officer at Broadwind, stated, “We congratulate Vestas for moving this key wind project forward. As a … Read the rest
Green Stocks Analyst Ratings Roundup (SQM, SPWRA, AONE, LDK, FSLR)
Here’s a run down of today’s green stocks analyst calls…
(via Benzinga) Axiom Capital pointed out an article over at the Financial Times (in German) that discussed the potential of additional solar subsidy cuts in Germany due to increasing electricity rates associated with the boom in solar installations. Nothing set in stone yet, just proposals. Solar stocks have been slammed in recent weeks and were down another 2% today (solar ETF TAN).
JP Morgan … Read the rest