It was really just a matter of time for Energy Conversion Devices (ENER). The once promising leader in flexible thin film solar filed for bankruptcy protection this morning, dousing the optimism of recent wins by wholly owned subsidiary United Solar which the company plans to sell. USO landed a deal for integrated rooftop solar in Italy and most recently a deal with SolarFocus to power Amazon’s Kindles through solar. That subsidiary would make a … Read the rest
All posts by Tate Dwinnell
Tesla (TSLA) Showcases Model X
Let the hype begin for Tesla’s Model X, the electric crossover vehicle slated for launch in 2014. Some might say it’s a bit early to begin showcasing the prototype vehicle when the Model S is still months away from hitting the streets, but Musk is driven to prove doubters wrong and never shies away from delivering a big press event. Musk summed up a description of the vehicle with bravado saying, “We’ve created a car … Read the rest
China Ming Yang Wind Power (MY) Gets 125MW Wind Farm Deal, Looking More Bullish
Wind energy stocks have had the breeze at their back recently and China Ming Yang Wind Power (MY) has benefited from a resurgence in the sector. The company also announced some good news yesterday in the form of an EPC contract for two wind farms with a total capacity of 125MW in Bulgaria. The deal was actually inked back in December but the announcement wasn’t made until yesterday. The first batch of wind turbines were … Read the rest
PowerSecure (POWR) Lands $15 Million In LED Lighting Contracts
PowerSecure (POWR) has announced this morning $15 million in new LED lighting orders from three major retailers which include reach in case lights, walk in freezer/cooler lights as well as shelf and canopy led lighting. The retailers expect to improve lighting quality while seeing a 70% reduction in energy usage. The PowerSecure brand of LED lighting is specifically engineered with retailers in mind to improve the customer experience.
GT Advanced Technologies (GTAT) Beats, Guidance Remains Mostly Intact
GT Advanced Technologies (GTAT) reported good earnings results yesterday, beating analyst estimates. The company reported an EPS of .12/share on revenues of $153 million vs the expectations for .08/share on revenues of $146 million. However, it’s still well below the year ago quarter when the company posted $263 million in revenue as the solar market continues to struggle. There are some positive signs though particularly with the surge in demand in Germany which has helped … Read the rest
Zoltek (ZOLT) Reports Big Profit Surge, Shares On The Up & Up
Zoltek (ZOLT) has been one of the best green stock performers in recent months nearly doubling in price and it’s going to pop again tomorrow as the company reported a big surge in profit. The company posted a profit of .28/share on revenues of $47 million vs the analyst estimates for .05 in EPS on revenues of $46 million. That’s a huge improvement over the year ago quarter when the company posted a loss … Read the rest
Power One (PWER) Beats, But Guides Below
Power One (PWER) reported relatively strong results after the bell today beating analyst estimates on both the EPS and revenue side. The company reported an EPS of .21/share on revenues of $267 million vs the analyst estimates of .14/share on revenue of $239 million. However, the numbers are still significantly below the year ago quarter of .38 in EPS and $366 in revenue.
==> Click Here For Your FREE Daily Power One Analysis
“In 2011, … Read the rest
Ormat Technologies (ORA) Cuts 2012/2013 Rev Forecast Due To Falling Nat Gas Prices
Ormat Technologies (ORA) is falling more than 7% in heavy volume this morning after it cut its revenue forecasts for 2012 and 2013 due to changes in power purchase agreements for its Heber, Ormesa and Mammoth geothermal plants in California. The company initially thought that the new pricing would have a smaller impact on revenues resulting in a reduction of $9.5 and $6.5 million over the next two years. However, as a result of falling … Read the rest
Suntech Power (STP) CEO: “Solar Now Competitive Energy Source”
In an article over at CNBC Suntech Solar (STP) CEO Zhengrong Shi said he is upbeat on the solar sector highlighting the fact it is now becoming competitive with traditional energy sources, dropping from $6/watt 10 years ago to nearly $1/watt now.
While upbeat in the longer term, he did acknowledge the difficulty short term as over supply continues to be an issue.
“Right now, there is an oversupply situation, manufacturing capacity is expanding faster … Read the rest
LED Stocks Hit On Needham Downgrade Of Veeco Instruments (VECO) & Rubicon Technology (RBCN), But Sector Shows Signs Of Bottom
Shares of LED stocks are under pressure this morning after Needham downgraded both Veeco Instruments (VECO) and Rubicon Technology (RBCN) due to slowing demand and over capacity. That’s essentially the same analysis analysts have made for solar stocks which have mirrored the performance of LED stocks. It should be noted that both green sectors are emerging from the dead and are greatly improved technically. I mentioned solar stocks bottomed out a few weeks ago and … Read the rest