It’s been a great ride for Valence Technology (VLNC) in recent weeks. The stock began to show signs it was turning the corner in early September when I highlighted it in a video and it’s up about 40% since. This morning, the stock is going to run at least another 10% on news the company has raised guidance for this quarter and now sees revenues at $12 million vs the previous guidance of $8 – … Read the rest
All posts by Tate Dwinnell
Suntech (STP) Opens 1st US Solar Production Plant
Suntech Power (STP) first announced it was opening a US solar manufacturing plant back in January and now it’s official. The company announced on Friday that it has begun production at its new plant in Goodyear, Arizona with an initial capacity of 30MW with a plan to expand to 50MW next year and to 120MW within a few years.
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"Our new U.S. manufacturing … Read the rest
Collins Stewart Upgrades JKS, STP; UBS Upgrades LDK
The good news continues to flow from the solar space and this morning is no exception. We had the raised guidance from LDK, CSIQ reiterating its guidance and ASTI announcing an important thin film certification.
Adding fuel to the fire are upgrades out of Collins Stewart and UBS. UBS upgraded LDK Solar (LDK) following its guidance raise from Neutral to Buy and now has a $12 price target on the stock.
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Ascent Solar (ASTI) Soars On Thin Film BIPV Certification
Ascent Solar (ASTI) is rocketing higher another 30% today with heavy volume after the company announced this morning that they are the first flexible thin film solar module manufacturer to receive full IEC 61646 certification which includes testing the modules under conditions of extreme heat and humidity. What this cert does is open the door for the company to begin making a big push into the building integrated PV market which is the fastest growing … Read the rest
Solarfun (SOLF) EPC Contractor For 8MW Solar Plant In China
Solarfun Power (SOLF) announced an EPC contract with Guangdong Guohua to design, engineer, build and supply the solar modules for an 8.1MW solar power plant in Heyuan City, China.
The plant which is subsidized by the national Golden Sun program is expected to be operational by the end of this year and cover 74 acres.
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SOLF CEO Ping Peter Xie commented: "We are excited to … Read the rest
Canadian Solar (CSIQ) Reiterates Q3, Full Year Guidance
Not only did Canadian Solar (CSIQ) announce a new CFO in Andrew Chen, but the company has reiterated its Q3 and full year shipments guidance this morning.
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For Q3 the company expects shipments between 190 – 200MW and gross margins of 14.5 – 15.5% and full year shipments at the mid to high range of the previous guidance of 700 – 800MW.
Shares are … Read the rest
Google (GOOG) Testing Self Driving Toyota (TM) Prius
In a piece in the New York Times over the weekend, they pull back the curtains on an exciting experiment between Google (GOOG) and Toyota (TM) – self driving cars. Google has been testing self driving Prius’s in secret for some time which use AI software, cameras and GPS to try to mimic human driving.
According to the article, seven cars have driven 1000 miles completely autonomously and another 140K miles with some human intervention. … Read the rest
LDK Solar (LDK) Raises Q3 Guidance, Shares Surge Again
LDK Solar (LDK) is surging higher in pre-market trading and lifting other solar stocks after it raised Q3 guidance. The company now expects revenues to come in at $610 – $640 million vs the previous estimate of $570 – $600 million. They are also raising shipments guidance on modules and wafers. The company expects to ship 550 – 570MW in solar wafers and 80 – 90MW in solar modules which compares with the previous … Read the rest
Solarfun (SOLF) Launches New E-Star Solar Modules
Solarfun (SOLF) announced this morning the release of their new light weight and high efficiency, E-Star solar modules for small commercial and residential customers. The new modules are 3kg lighter and feature a 2% increase in peak watts/square meter over traditional modules.
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"We are pleased to release our latest high-performance module that combines high efficiency technology with a sleek new appearance," said Dr. Mohan Narayanan, … Read the rest
Toyota (TM) & Tesla (TSLA) Showcase RAV4 EV To US Dealers
According to Bloomberg, Toyota (TM) and Tesla (TSLA) showcased their jointly developed RAV4 electric SUV to US dealers at an annual meeting in Las Vegas yesterday. The RAV4 is expected to go on sale in 2012.
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The companies declined to comment on the Las Vegas meeting, but Tesla said in a statement yesterday that it is readying a range of hybrids and all … Read the rest