A123 Systems (AONE) is getting a much needed boost this morning, up 10% on news it has struck a deal with VIA Motors to supply them with lithium ion battery packs. The 24kWh packs will be combined with VIA’s 300kW electric motor and onboard generator to deliver an all eletric driving range of up to 40 miles for cars, vans and trucks. VIA has already begun receiving the packs and delivering electric trucks to commercial … Read the rest
All posts by Tate Dwinnell
Canadian Solar (CSIQ) Up Over 30% After Selling Half Billion In Solar Projects
Canadian Solar (CSIQ) is still trying to find a bottom and today is a good start towards that with the stock up over 30% on news it has sold nine solar plants in Ontario with a combined capacity of 86MW to TransCanada Corporation for about $470 million. All of the projects are under a 20 year power purchase agreement with the Ontario Power Authority. The purchase on each project will close once the plants begin … Read the rest
First Solar (FSLR) Approaching All Time Lows After Slashing Guidance, Announcing Lay Offs & CFO Departure
Just when you think it couldn’t get any worse for First Solar (FSLR)… well it does and the stock is rapidly closing in all time lows not seen since the stock went public about five years ago. The stock is down more than 20% and around the lows of the day after the company announced it’s slashing guidance for this year and next, laying off 1% of its work force and the departure of another … Read the rest
Warren Buffett Makes Big Solar Bet With $2B Topaz Purchase From First Solar (FSLR), Is The Bottom In?
It’s been a dismal year for green energy and solar stocks in particular. Overcapacity, lower demand, shrinking selling prices and plummeting stocks has been the theme all year. Investors and shorter term traders are looking for big news to spark a rally in solar and news that Warren Buffett is jumping headfirst into solar with a big $2 billion acquisition of the 550MW Topaz Solar Farm being built by First Solar (FSLR) may just be … Read the rest
Morgan Stanley: Electric Car Market Won’t Be Significant As Previously Thought, Downgrades Tesla (TSLA)
Morgan Stanley has some credibility issues this morning. Back in March the company was wildly bullish on shares on Tesla (TSLA) and set a base price target of $70/share with the potential for a $135 price as a best case scenario target. They were convinced that electric cars would make up a significant minority of light vehicle sales in the medium term and a majority in the longer term. They mentioned the potential for Tesla … Read the rest
Ormat Technologies (ORA) Lands $65 Million EPC Geothermal Contract
Ormat Technologies (ORA) announced today that it landed a $65 million EPC contract with Cyrq Energy for a geothermal project in New Mexico. The contract work is scheduled to be released in stages based on progress and development of the well. In addition Ormat will provide financing for the project not to exceed $66 million. The project is expected to come online within two years.
::: Click Here For Your FREE Daily Ormat Technical Analysis… Read the rest
PowerSecure (POWR) Introduces LED Lighting To Replace Fluorescent Tubes
PowerSecure (POWR) has introduced its new SuperTube LED lighting fixtures which are designed to replace overhead fluorescent tubes in commercial applications, increasing energy efficiency and cutting costs. The UL certified lighting solution is available and has already been installed for a customer. They are specifically designed for indoor T8 and T12 retrofit applications and offer 75% greater efficiency over traditional lighting. Another benefit is that they reduce maintenance costs due to a long lifespan of … Read the rest
Kandi Technologies (KNDI) Reports Mediocre Results, Future Still Bright
Kandi Technologies (KNDI) reported earnings results after the bell tonight that were just OK. This is one of many “green” companies where traders are currently making bets on the potential rather than current earnings and sales. If you believe that China will be as ambitious with its electric car initiatives as it has been with solar, then a trade in KNDI down here probably makes sense for the long haul. Just a couple months … Read the rest
Energy Focus (EFOI) Awarded $2.5 Million In Efficient Lighting Contracts
Energy Focus (EFOI) has been awarded $2.5 million in efficient lighting contracts it was announced after the bell today. The contracts are for retrofitting at a Fortune 500 firm as well as a large school system in the SE United States. The company is currently procuring the materials and overseeing the installations.
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Joseph Kaveski, CEO, Energy Focus, Inc. commented: "I am encouraged by the … Read the rest
China Ming Yang Wind (MY) Misses On EPS
China Ming Yang Wind (MY) is reporting earnings results this morning that missed analyst estimates on the EPS side, but slightly ahead on the revenue side. The company reported an EPS of .13/share (vs estimates for .16/share) on revenues of $299 million (vs estimates for $297 million).
==> Click Here For Your FREE Daily China Ming Yang Analysis
Here are highlights of comments made by CEO Chuanwei Zhang:
– 28% year over year growth in … Read the rest