Per Reuters, Xcel Energy announced yesterday that it is planning to invest $1.3B to repower and retrofit coal plants in Colorado, in order to comply with the state’s Clean Air Clean Jobs Act. The $1.3B investment is expected to be $225 million less than the cost of retrofitting all of its Colorado plants to comply.
As part of the plan, Xcel plans to do the following:
Retire 186MW of coal-fired power at its Valmont plant … Read the rest
Hoping to increase adoption of its lithium-titanate battery systems, Altairnano just announced the release of an application kit that will allow OEMs to test the product in simulated real-world operating conditions.
The application kit will consist of a 50 ampere-hour battery module, connection and control unit and a netbook computer for controlling and monitoring the system. It will allow OEMs to test a variety of voltage and amperage configurations.
Hapoalim Securities is out maintaining its Sell rating on Yingli Green Energy (YGE) following the earnings report.
“Based on our initial take on YGE’s 2Q10 earnings release, it reported an impressive quarter that surpassed our and Street estimates across the board. Both revenue and GMs exceeded our above-consensus forecast, while lower than-expected opex and interest income offset higher-than-anticipated FX losses to drive EPS of $0.21 ahead of our $0.15 estimate and the Street at … Read the rest
Auriga is out this morning maintaining its Hold rating on Suntech Power (STP), but lowered the price target to $9. Hat tip to Street Insider for the analyst comment.
“We find little reason to invest in shares of Suntech. While the company touts itself as the largest solar module manufacturer, we find a lack of earnings power despite the increased scale of operations. Gross margins are in the mid-teens and operating margins are in single-digits, … Read the rest
Yingli Green Energy (YGE) reported a Q2 non GAAP EPS of $0.21, 6 cents better than the analyst estimate of $0.19 on revenue of $398.1 million, vs the estimate of $371.13 million. That represents a 62% increase over the year ago EPS number and an 82% jump in revenue, so a real nice quarter from Yingli. Gross margins reached a record high 33.5% in the quarter.
====> Click Here For Your FREE Yingli Green Energy … Read the rest
Barclays upgraded ReneSola (SOL) from Equalweight to Overweight and increased the price target from $10 – $12.
“Although SOL has been our near-term top pick since Mar ’10, uncertainty with respect to 2011 demand and weak execution track record were some of the factors restraining us from having a more constructive longer term outlook on the shares. We now expect wafer market fundamentals to remain relatively robust in 2011.”
I’m pleased to announce that Green Stocks Central now provides an LED lighting stocks tracking page complete with industry news, latest posts, twitter chatter, discussion and the stocks tracker. I still have a little work to do on it, but most of the info is in place and you now have a page to keep up with the latest in LED stocks. Enjoy!… Read the rest
Trina Solar (TSL) has announced that its US subsidiary will supply MEMC Electronics (WFR) subsidiary SunEdison with 35MW of solar modules for the rest of this year to be used in projects in the US and Europe.
====> Click Here For Your FREE Trina Solar Technical Analysis
“This collaboration once again demonstrates Trina Solar’s ability to partner with leading U.S. solar industry players to create effective PV solutions in the U.S. market,” said Mr. Sean … Read the rest
Duoyuan Global Water (DGW) reported results this morning that beat analyst estimates, but the EPS remains flat over the year ago quarter. The company reported a Q2 EPS of $0.46, 10 cents better than the analyst estimate of $0.36 on revenue for the of $43.3 million, vs the estimate of $40.88 million. The EPS number is a bit less than the year ago .47 number, but the revenue increased 38%. So, while revenue growth remains … Read the rest
Suntech Power (STP) reported a Q2 non GAAP EPS of $0.03 (taking out provisions and restructuring charges related to thin film and Shunda, which is below the analyst estimate of $0.10 (correction – that is inline with analyst estimate of .03). Revenue for the quarter was $625.1 million, which compares to the estimate of $595.39 million. While the EPS number was 50% lower than the year ago quarter, revenues nearly doubled over … Read the rest