Ascent Solar Technologies (ASTI) is moving higher this morning on news the company has signed an MOU with the Energy Institute Of New Delhi (TERI), India. Under the terms, TERI will test and evaluate the performance of ASTI’s flexible thin film solar modules for possible inclusion in their Lighting a Billion Lives program which aims to bring light to the 1.6 billion people in the world who lack electricity (25% of which are in India). … Read the rest
All posts by Tate Dwinnell
Orion Energy (OESX) Back In The Black
Orion Energy Systems (OESX), an efficient lighting solutions play, got back in the black after the bell today posting a non GAAP EPS gain of .03/share which beat the consensus estimate of a 1 cent share loss. Revenues came in a bit shy of analyst estimates at $13.7 million, but the company indicated it received an influx of orders right at the end of the quarter which were not able to be produced and shipped … Read the rest
Vestas Wind (VWDRY) Sees Weaker Wind Energy Demand, Closing Plants & Cutting Jobs
The wind energy industry continues to struggle and Vestas Wind (VWDRY) is confirming what General Electric is seeing .. weak demand. GE went so far as to say the US wind energy market has collapsed. Vestas hasn’t made similar claims, but their actions speak much louder than words.
The company is cutting 3000 jobs and shutting plants due to shrinking power demand, rising component costs and uncertain US policy. So much for Obama’s push to … Read the rest
China Integrated Energy (CBEH) Closes On Acquisition Of Biodiesel Production Facility
China Integrated Energy (CBEH) announced it’s closed on the acquisition of a 50,000 metric ton biodiesel production facility in Chongqing City, China and expects to ramp up production and distribution of biodiesel product from this facility immediately very soon. The plant adds to CBEH’s current 100K ton production facility along with another new 50K ton plant and will add to revenues right away. The company expects the plant to add $32 million in revenues and … Read the rest
Auriga Maintains Buy On First Solar (FSLR), Sees Upside To Estimates
Auriga is out with a research note this morning on First Solar (FSLR) calling the company an investment not a trading stock, as the timing of its project business becomes more difficult to read but brings stability to the business model.
They see upside to 2010 EPS estimates guidance up to $7.85/share. Their model assumes revenue/watt of $1.58/share for module sales and assume that 50% of EPS revenue will occur in Q3.
They believe the … Read the rest
JA Solar (JASO) Raises Q3 Guidance 10%
JA Solar (JASO) is moving up in pre-market trading on news the company is raising guidance for the 3rd quarter and now sees shipments at 410MW vs the previous guidance of 375MW. That would represent a 32% jump over the previous quarter and a 131% jump over the year ago quarter. They’ll report official results on November 9th.
Shares of JASO have been on a torrid run over the past couple months and have been … Read the rest
Auriga Visits Duoyuan Global Water (DGW) & Comes Away With Concerns
Auriga issued a research note this morning on Duoyuan Global Water (DGW) which was hammered recently after accounting irregularities were discovered at Duoyuan Printing (DYP). What’s the connection? The Chairmen of DYP happens to be the CEO of DGW, so the thought was that there are accounting concerns at DGW as well. Auriga had a chance to visit with DGW management recently and tour the manufacturing facilities. They walked away with several concerns unrelated to … Read the rest
LDK Solar (LDK) Lands $300 Million Contract With BYD Company
LDK Solar (LDK) has announced it landed a big $300 million, 2 year contract with BYD Company of China for a supply of polysilicon every month to begin in January. A deposit for the shipments has already been received.
"We are very excited to add BYD, a leading high-tech enterprise that has a strong commitment to the green energy sector, as a key customer," stated Xiaofeng Peng, Chairman and CEO of LDK Solar. "This agreement … Read the rest
General Electric (GE) Develops Prototype 100W LED Bulb
General Electric (GE) will announce the launch of its 40W LED bulb for the household in about a month and now comes news that the company has developed a prototype 100W LED bulb that uses jet engine technology for noise and heat reduction. The 1500 lumen bulb is half the weight and size of the 600 lumen bulb that’s on the market today and was co-developed with the University of Maryland using a 2 year … Read the rest
Ethanol/Biofuel Stocks Heating Up (PEIX, VRNM, GPRE, BIOF)
In recent weeks the ethanol/biofuel stocks such Pacific Ethanol (PEIX), Verenium (VRNM), Green Plains Renewable Energy (GPRE) and Biofuel Energy (BIOF) are showing quite a bit of momentum. While big initial surges have already taken place, bullish digestion periods in these stocks may soon give way to more gains. Below I’ve provided a video walking through the charts of these stocks.