China BAK Battery (CBAK) is announcing this morning that it has won a new lithium battery contract with China’s leading e—bike manufacturer Geoby Electric and expects to win another supply deal should initial testing be successful. They will initially supply 1000 batteries. No word on the total value of the deal.
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"As the electric vehicles industry continues to experience significant growth, there is … Read the rest
Jay Leno takes the Tesla Roadster 2.5 for a spin. I have to say the Tesla is a mighty impressive machine. I’m just including the video of Jay driving the vehicle, but check out the first video too if you’re a car geek. I’m not but was fascinated by it.
Piper Jaffray initiated coverage on several solar stocks last night and is generally bullish with 9 Overweights and a few Neutral ratings. Most of the price targets are way above the current prices. Here’s the run down…
Overweight:
First Solar (FSLR) with 200 price target.
Renesola (SOL) with 20 price target.
Yingli Green Energy (YGE) 14 PT.
LDK Solar (LDK) 12 PT
SatCon Technology (SATC) 5 PT
Trina Solar (TSL) 35 PT
SunPower (SPWRA) 20 … Read the rest
David Phillips of 10Q Detective wrote up a great piece on why First Solar (FSLR) should abandon its China strategy. The US solar behemoth made headlines a year ago when it announced it would work with the China government and local businesses to develop a massive 2GW solar farm to power up to 3 million homes.
==> Click Here For Your FREE Daily F?irst Solar Technical Analysis
Phillips suggests FSLR abandon it’s strategy in China … Read the rest
According to Benzinga, Deutsche Bank sees A123 Systems gaining significant market share of the lithium battery market based on achievement so far and comments from OEM’s and competitors that say AONE is a top 3 lithium battery supplier. They see general consumer demand for EV’s and improving margins as potential catalysts for the stock over the next year. The firm has a Buy rating and $17 price target which is about double the current … Read the rest
It’s been a rough few weeks for shares of Power One (PWER) as the stock continues to correct after a huge run in the past year, but is seeing some buy interest this morning after it was announced that management has approved a 10 million share buyback program. It’s authorized for two years and begins immediately.
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"This repurchase program highlights the confidence we have in … Read the rest
US Geothermal (HTM) has provided updates on its geothermal operations in several locations.
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Neal Springs
– an injection well has been drilled to 2465 feet and successfully tested
– a 2nd well at 1950 is expected to be completed within a week or two
– a production well at 2350 feet expected to reach production within a couple weeks
– equipment procurement and pipeline fabrication … Read the rest
Auriga’s Mark Bachman was out with a note this morning saying LDK Solar’s (LDK) cash position looks precarious due to Q-Cells repayments and debt obligations and that they may need a fresh infusion of the green stuff soon, likely with an equity offering. They also see a possible sale of another chunk of its poly plant and/or debt restructuring.
They have not rating on LDK currently.
Traders don’t appear to be too concerned with Auriga’s … Read the rest
Wells Fargo initiated coverage on JA Solar (JASO) with a Market Perform rating and price target of $7 – 8. While the firm says fundamentals remain strong and shares inexpensive, they aren’t willing to rate the company an Outperform due to weaker demand/greater supply picture going forward.
====> Click Here For Your FREE JA Solar Daily Technical Analysis
Shares of JASO continue to look very bullish, but a bit overstretched in the short term. I’d … Read the rest
Ener1 (HEV) has announced plans to restructure into three segments to better capitalize on opportunities and increase efficiency – transportation, utility grid and small format products. Each segment will have its own president with changes applied across the world.
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"We have moved to match our functional structure with the growing differentiation and segmentation within this highly dynamic industry," said Ener1 Chairman and CEO Charles Gassenheimer. … Read the rest