Earlier today, I posted about A-Power Energy’s (APWR) shipment of a prototype wind turbine to the US and mentioned it was a great time to consider getting long APWR. While APWR is better known for its wind turbine business, they have construction operations in a variety of industries.
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In after hours trading, we have another reason to get long. The company has won a … Read the rest
Auriga is out with a research note on select stocks today and remains generally bullish on the sector. They indicate that industry fundamentals remain strong both in terms of pricing and volume. Q1 volumes are strong and sold out in some cases as pricing remains firm while the 2nd half of 2011 warrants cautious optimism rather than pessimism. Here are notes on some individual names.
Jinko Solar (JKS): Sees upside to current estimates as shipments … Read the rest
There have been a few analyst calls in the past couple days I want to review here, mostly in the solar space.
Upgrades/Bullish
Yesterday, Trina Solar (TSL) was added to Morgan Stanley’s Long Research Tactical Idea list and initiated with a Buy over at Soleil, saying the firm has one of the strongest balance sheets in the industry. The stock moved a bit yesterday on the bullish calls, but really took off today, up another … Read the rest
UQM Technologies (UQM) announced yesterday it received another large order from hybrid/electric bus manufacturer Proterra and will supply 150 electric propulsion systems for use in their new all electric buses. The initial supply term is for one year and the total contract could reach $1 million.
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"We are pleased to continue our multi-year relationship with Proterra as the propulsion system supplier for their state-of-the-art … Read the rest
It’s been a long time since we’ve heard any news regarding the controversial 600MW wind farm in Texas in which China based A-Power Energy (APWR) owns a large portion, but yesterday the company announced it has shipped a 2MW prototype wind turbine to Texas to be installed and tested.
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Mr. Jinxiang Lu, A-Power’s Chairman and CEO commented, "We are very excited to announce … Read the rest
Barrons interviewed Aaron Chew of Hapoalim Securities and discussed the solar industry. Here are some highlights.
– Highlights the significant incentive cuts across Europe which will slow demand.
– Sees big growth in solar in Italy (23%), US (45%) and China (100%) for next year, but declining or flat growth in key markets such as Germany.
– Tight supply should be begin loosening up
– Sales pricing should decline 18 – 24%
– More difficult … Read the rest
General Electric (GE) has already established a presence in the China wind energy market, supplying them with nearly 1000 wind turbines and today the company is announcing it will be a bigger player after securing a joint venture deal with a subsidiary of Harbin Power Equipment. The venture between the two companies will manufacture GE designed turbines for onshore and offshore wind farms. Harbin will be the majority owner with a 51% stake.
> Click … Read the rest
According to Fly On the Wall, China Wind Systems (CWS) has updated guidance and sees FY10 EPS in the range of 62 – 65c vs the estimate from one analyst of 42c. They see revenues about inline with the estimate of $80 million at $76.5 – $85 million.
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Shares of CWS are not moving on the update, but do look increasingly bullish … Read the rest
Molycorp (MCP) is known as the emerging US based rare earth metals miner and the stock has soared in anticipation of successful mining of these important metals in the coming years. However, the company has some other revenue streams in the works. The company on Friday announced that its rare earth metals based water purification technology was available for commercial use.
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Mark Smith, Chief Executive … Read the rest
A big wave energy milestone has been reached here in the US. Ocean Power Technologies(OPTT) has for the first time in US history successfully completed the connection of a wave energy device to the energy grid. The PowerBuoy was connected to the grid with the help of the US Navy at a Marine base in Hawaii.
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Charles F. Dunleavy, Chief Executive Officer of OPT, … Read the rest