24/7 Wall St published their list of the 25 most important alternative energy companies a few days ago and broke it down by category. I thought I’d highlight the companies they consider to be the most important in each category (which I agree with) and add in some of my own thoughts. There is one glaring omission in 24/7 Wall St’s report and that is geothermal. Geothermal remains the red headed step child of the … Read the rest
All posts by Tate Dwinnell
Sierra Wireless (SWIR) & Itron (ITRI) Partner On Real Time Wireless Smart Grid
Itron (ITRI) is announcing this morning that it has partnered with Sierra Wireless (SWIR) to provide real time, wireless communication to facilitate the collection of electric, gas and water meter data collection .. an important component of any smart grid. Integrating Sierra’s Wireless Airlink Intelligent M2M gateways allows communication to take place over existing cellular networks eliminating the need for costly land line solutions. The two companies will co-market the solution.
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Green Plains Renewable Energy (GPRE) Smashes Estimates, Sees Strong 4th Quarter
Green Plains Renewable Energy (GPRE) smashed estimates after the bell today posting an EPS of $0.23/share vs the analyst estimate of just .13/share on revenues of $496 million vs the analyst estimate of $433 million. That’s a 5% bump in EPS over the year ago quarter and a 37% surge in revenues. That’s the sixth straight profitable quarter and the company expects to remain profitable next year. Not too shabby for any company especially an … Read the rest
Green Stocks Ratings – Analysts Bullish On RBCN, VRNM & COMV
A few bullish analyst calls to tell you about this morning.
Yesterday I posted about Verenium’s (VRNM) approval in China for Purifine which sent the stock soaring. The pull back today is offering a 2nd chance opportunity. Shares have pulled back to what is now support around the 200 day moving average.
Olympia Capital chimed in on the news and upgraded the stock from Neutral to Buy and raised the price target from $3 to … Read the rest
LSI Industries (LYTS) Rockets Higher On LED Growth, Smashes Estimates
LSI Industries (LYTS) is what I’d call an off the radar LED lighting play in the same group as an Orion Energy (OESX) and Nexxus Lighting (NEXS). These are the LED plays that don’t have the big profits and are on the cusp of growth. After reporting earnings results this morning, you could argue that LYTS is emerging as a new leader in the LED space. Actually, the growth really began last quarter when the … Read the rest
Barclays Initiates Coverage Of LED Lighting Sector (CREE, VECO, AIXG), Piper Bearish On AIXG
According to Barrons Barclays initiated coverage of the LED sector yesterday with ratings on Cree Inc (CREE), Veeco Instruments (VECO) and Aixtron (AIXG) which are what I’d call the top tier LED plays.
VECO gets the highest rating at Overweight. They like the fact the company is now an LED pure play with growth China.
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CREE and AIXG get Equalweight ratings. They see limited upside … Read the rest
Deutsche Not Bullish On US Solar (WFR, SPWRA); Sterne Agee Says LED Pricing Stable
Yesterday, Deutsche Bank posted some positive comments on the China solar stocks, upgrading Suntech (STP) to Buy and reiterating buys on TSL, SOL and YGE. This morning they are weighing in on two of the big US solar plays MEMC Electronic Materials (WFR) and Sunpower (SPWRA) and aren’t as bullish. They have slashed the price target on WFR from $18 to $15 and the price target on SPWRA from $25 to $17 due to … Read the rest
Ormat (ORA) To Build Raser Technologies (RZ) Lightning Dock Geothermal Project
Raser Technologies (RZ) technologies has announced this morning that Ormat (ORA) will provide engineering, procurement and construction services for its Lightning Dock geothermal project in New Mexico. Ormat will also provide the equipment which includes two larget Ormat binary generators and all above ground equipment.
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“We are excited to work with a veteran in the geothermal business,” said Project Manager Mike Hayter. “Ormat is … Read the rest
Verenium (VRNM) Receives Approval In China For Purifine, Shares Surging
Verenium (VRNM) is moving up about 8% in pre-market trading on news that another one of its edible oils, Purifine, has received China approval for sale as a processing aid in the oilseed production process in order to improve yield. The edible oils market is a $100 billion global market and China’s growth in edible oils just as it is for many industries, is growing at a fast pace. I’m not entirely sure if this … Read the rest
Cree Inc (CREE) Beats On EPS, But Light On Revs & Guidance; Shares Down 10%
Cree Inc (CREE) reported another quarter of strong growth, but it wasn’t enough to appease traders who are still looking for perfect quarters from this LED high flyer. The company wasn’t able to achieve perfection this time around, reporting mixed results. They reported a non GAAP EPS of .60/share which beat analyst estimates of .58/share but revenues came in a bit shy of the analyst expectations at $268 million (vs the estimate of $277 million). … Read the rest