Westport Innovations (WPRT) announced it has signed an agreement with Volvo Powertrain, a subsidiary of Volvo AB, defining Westport’s responsibility to develop biogas and natural gas fueled engines for Volvo. Details won’t be released until later, but the companies have agreed to share the risks of development, Westport will be reimbursed for engineering costs and will generate revenue for every new nat gas/biogas engine sold to Volvo. The two companies first signed an agreement last … Read the rest
All posts by Tate Dwinnell
LDK Solar (LDK) Announces 63MW In Supply Deals With Enel & ABB
LDK Solar (LDK) is announcing some solar supply deals of its own this morning. The company will supply 50MW of solar modules to Spain’s Enel with 30MW deliverable this quarter and an option for an additional 20MW next quarter.
“We are very pleased to enter this sales agreement with Enel, a globally recognized power provider and dedicated leader in the production of PV systems,” stated Xiaofeng Peng, Chairman and CEO of LDK Solar. “As demonstrated … Read the rest
Yingli Green Energy (YGE) To Provide 15MW Of Solar Modules To Kaiser Permanente Hospitals
Yingli Green Energy (YGE) announced at the North American Intersolar conference today that it will provide 15MW of solar modules to Kaiser Permanente hospitals and office facilities across California. They will deliver around 65K modules over the next year to Swinerton Renewable Energy which is the designer and installer of the solar power systems. Recurrent Energy will own and operate the 16 power systems. No word on the financials of the deal.
===> Click Here … Read the rest
First Solar (FSLR) Completes NextLight Acquisition
First Solar (FSLR) announced after the bell that it has completed the acquisition of NextLight Renewable Power providing First Solar with utility scale solar operations of 2.2GW under power purchase agreements. The company began moving into the utility scale business in 2007 with the acquisition of Turner Renewable Energy and later with the purchase of OptiSolar and Edison Mission Group.
The first project for NextLight as a First Solar company is the 290MW Caliente … Read the rest
Quantum Fuel Systems (QTWW) Reports Mixed Results
Quantum Fuel Systems (QTWW) reported results after the bell today and as expected posted another loss on weak revenues. Revenues aren’t expected to improve until next year since this is a company that is for the most part tied to the success of the Fisker Karma which is expected to begin volume production in 2011. The company reported a loss of .04/share on revenues of $3.8 million which resulted in a .01/share miss on … Read the rest
JA Solar (JASO) Partners With Innovalight To Increase Solar Cell Efficiency
JA Solar (JASO) cemented its partnership with Innovalight of California today, signing a 3 year supply agreement for silicon nanoparticle ink which is a key component in JA Solar’s new SECIUM high efficiency solar cells which are expected to move into volume production very soon. JASO has been able to achieve efficiency rates of 18.9% and the two companies are working together to push that to over 20%.
Citi on Solar: Buy TSL, Hold YGE, Sell STP
Citi has initiated coverage on a few more solar names, adding Trina Solar (TSL), Yingli Green Energy (YGE) and Suntech Power to its coverage. Hat tip to Street Insider for the analyst commentary.
TSL gets initiated with a Buy rating and price target of $30 which is about 50% higher from current levels. It’s down about 2% today and will face some resistance at the 200 day moving average. “We see solid execution, no need … Read the rest
Kandi Technologies (KNDI) Gets Order From China Postal Service For 60 Electric Vehicles
Kandi Technologies (KNDI) announced that the Postal Service in the Chinese city of Hangzhou has ordered 60 all electric vehicles designed for the Postal Service. The more than $600K deal may be the first phase of much larger deals to come from other cities especially since the car was recently approved by the government. Hangzhou is one of five cities in China in which the government has agreed to offer significant subsidies and incentives to … Read the rest
UQM Technologies (UQM) Receives Order For 50 Electric Propulsions Systems
UQM Technologies (UQM) has announced this morning that it received an initial order for 50 of its PowerPhase electric propulsion systems from an established international auto manufacturer which may eventually purchase thousands of the systems to prepare for the electric car launch from this unnamed manufacturer in 2012. Delivery is expected in the 4th quarter and expected to continue through the first quarter 2011.
====> Click Here For Your FREE UQM Technologies Analysis
UQM CEO … Read the rest
Tesla (TSLA) Attempting To Duplicate Success Of Apple (AAPL) Stores, Hires Key Exec
Tesla Motors (TSLA) announced yesterday it has hired the man responsible for developing Apple’s (AAPL) retail strategy which has been an important part of the success of the iPod, iPhone, iPad.. The company wants to create a unique shopping experience and believes it has found the right man for the job in George Blankenship, who most recently worked for Microsoft and brings 30 years of retail experience to Tesla. Blankenship will hit the ground running, … Read the rest