Fuel Systems Solutions (FSYS) has announced that its subsidiary IMPCO Ecotrans has won its first significant supply agreement for its locomotive idle reduction equipment in Europe. They will initially supply 50 locomotive auxiliary power units within a few months and installation is expected to be completed by the end of the year. No word on the name of the European company or the financials of the deal.
All posts by Tate Dwinnell
GT Solar (SOLR) Receives $23 Million Follow On Order From OCI
GT Solar (SOLR) has received a $23.4 million follow-on order from South Korea-based polysilicon producer OCI Company, Ltd. for its newest SDR(TM) 400 CVD reactors and other equipment to support OCI’s polysilicon plant expansion. The SDR 400 are the most energy efficient reactors in the industry.
===> Click Here For Your FREE GT Solar Technical Analysis
“We are pleased by the confidence OCI has demonstrated with our polysilicon production technology,” said Tom Gutierrez, GT Solar’s … Read the rest
Trex (TREX) Beats With Strong Results
Trex (TREX), reported a strong quarter this morning reporting a Q2 non GAAP) EPS of $1.07 vs the analyst estimate of $0.59. Revenue for the quarter was $115.5 million, vs the estimate of $110.22 million. This is a company that is about as seasonal as they come, so it doesn’t make sense to compare sequential results. Quarter over quarter, the EPS number represented a more than 100% increase and on the revenue side about a … Read the rest
Solarfun (SOLF) Smashes Estimates, Raises Guidance, Shares Soaring
Solarfun (SOLF) reported another big quarter of growth and smashed analyst estimates in the process. It appears the company is quietly emerging as a top China solar play while companies like Suntech Power (STP), Trina Solar (TSL) and JA Solar (JASO) garner much of the attention. SOLF reported a non GAAP EPS of .59/share, which was more than double the analyst estimate of .25/share. Revenues were impressive too coming in at $258 million vs the … Read the rest
Itron (ITRI) May Lose BG&E Deal To Silver Spring Networks, Shares Hit Again
It’s been a rough couple of weeks for Itron (ITRI). About two weeks ago, I wrote about Itron (ITRI) likely losing the big Sempra Energy (SRE) smart meter deal to Esco Tech (ESE) which sent the stock plummeting. However, the selling didn’t last long and the shares recovered further after posting a strong earnings report. Today, the stock ran out of steam as it was hit with not only a downgrade out of Macquarie … Read the rest
Valence Technology (VLNC) In $13 Million Deal With Smith Electric Vehicles
Valence Technology (VLNC) could use some good news. It’s been trading under a buck now for nearly three months. It got some after the bell today with the announcement of a $13 million order from Smith Electric Vehicles for the U-Charge lithium phosphate energy storage solutions which will be used in Smith electric trucks through the end of the year. Smith is the nation’s top manufacturer of electric commercial trucks with its Newton line.
===> … Read the rest
Evergreen Solar (ESLR) Reports Mixed Results; China Operation On Track
Evergreen Solar (ESLR) is a company that has always needed to find a way to cut costs and time is running out as I’ve mentioned so many times before on this blog. The success of this company really hinges on the success of their China outsourcing operation which is proceeding as planned. For now, the company is still nowhere near profitability. While revenues continue to climb higher and improve over the year ago quarter, earnings … Read the rest
General Electric (GE) Acquires Energy Control Systems To Enhance Smart Grid Offerings
General Electric announced this morning that it has acquired SNC-Lavalin’s Energy Control Systems business as well as its network management and control software. Energy Control Systems’ software is used to improve the efficiency and reliability of the electric power grid, so this acquisition will enhance GE’s smart grid-related offerings.
In a Bob Gilligan, vice president–digital energy for GE Energy Services, commented on the acquisition:
“ECS software empowers everyone along the energy value chain to do … Read the rest
PowerSecure (POWR) Snags 10M In New Business
PowerSecure just announced that it has received $10 million worth of new orders for its Interactive Distributed Generation smart grid power systems and utility infrastructure projects. The contracts include a contract with a major retailer that will provide recurring revenue, along with contracts to install Interactive Distributed Generation systems in data centers, hospitals, municipal buildings, and manufacturing facilities.
$8 million of the new orders is for Interactive Distributed Generation systems, while the remaining $2 million … Read the rest
EMCORE (EMKR) And San’an Optoelectronics Begin Joint Venture To Produce Concentrator PV Products
EMCORE just announced that it has entered into a joint venture with San’an Optoelectronics to develop, manufacture and distribute concentration photovoltaic receivers, modules and systems. EMCORE will own 40% of the JV company, which will be called Suncore Photovoltaics Co., Ltd. San’an Optoelectronics will own the remaining 60%. The new company will set up its manufacturing facilities in Wuhu City, China, to take advantage of incentives provided by the city government.