Cree Inc (CREE) has announced plans for a new production lines that will produce 150mm LED wafers that are more than double the size of current ones helping to make LED lighting more cost-effective. The new lines will be installed over the next few quarters and start producing by next summer.
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"150mm LED wafers are an important step in enabling the next phase of LED … Read the rest
Cisco (CSCO) clearly believes that the evolution to a smarter grid will provide big opportunities to those companies positioned well. A few weeks ago they announced a partnership with Itron to help develop an open source IP based smart grid. A few days ago they also announced the purchase of privately held Arch Rock, an expert in wireless smart grid networking technology which allows utilities to connect smart meters and other intelligent devices … Read the rest
The Chinese government has created an environment for big growth in LED manufacturing, but according to officials from MIT they are now concerned that aggressive investment could overheat the industry. Much of the profit in the LED industry is in the chip production, but China’s focus has been primarily on the packaging side which is far less profitable. The government has been supportive in helping to expand the LED chip manufacturing business by offering subsidies … Read the rest
Axiom Capital Research is going against the grain. When just about everyone else is relatively bullish on solar (although see demand moderating a bit next year), Axiom isn’t so bullish. The firm goes so far as to call Gintech (which doesn’t trade on a US exchange) a liar and doesn’t believe the company has sold out for the second half of the year like they indicated. They cite the fact the company has lowered … Read the rest
According to Barrons, Credit Suisse is reiterating its Buy rating and lifting the price target on First Solar (FSLR) from $150 to $160 after the company received approved from LA Country yesterday to proceed on the 230MW Antelope Valley project. The firm notes that FSLR will have at least two shovel ready projects totaling 600MW by October which will contribute to earnings next year.
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Cereplast (CERP) a leading manufacturer of compostable and sustainable plastics, has announced a multi million dollar partnership with Sezersan Ambalaj (Sezersan), a subsidiary of Asc Group in Turkey, to produce bio twist films made from Cereplast Compostables(R) resins which has form memory and is heat sealable. The patented product will serve as wrap packaging for a variety of food products distributed throughout Europe.
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“We are … Read the rest
Oppenheimer is out this morning with some comments on Duoyuan Global Water (DGW), which plunged over 40% yesterday. The firm believes the corporate governance concerns will continue to weigh on shares of DGW and despite the big price drop, shares will be dead money until confidence is restored. They are bullish on China’s water treatment industry, but rising expenses will be another drag on DGW and pressure its bottom line. They remain on the sidelines … Read the rest
Ocean Power Technologies (OPTT) announced today two additional grants from the DOE totaling $4.8 million to help to continue to advance its research into wave energy systems and put the finishing pieces in place for the country’s first commercial wave energy plant in Reedsport, Oregon.
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CEO Charles F. Dunleavy commented: “These awards are another significant step in a global drive to make wave power a … Read the rest
Duoyuan Global Water (DGW), one of the top China water plays, is plunging today after Piper Jaffray downgraded the stock from Overweight to Underweight and slashed the price target from $34 to $9 due to concerns over its ties to Duoyuan Printing (DYP) which fired its auditor and reorganized top management. Since the two companies share some key executives, Piper is concerned there are internal control and corporate governance issues at DGW as well.
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It’s been a little over a year since A123 Systems received a $249 million grant from the DOE, and today the company announced the grand opening of its Livonia, Michigan lithium-ion battery plant. The plant is the largest lithium-ion battery manufacturing facility in North America, and is expected to boost the company’s manufacturing capacity by up to 600MW hours annually. The opening of the new plant puts A123 on target to achieve its annual cell … Read the rest