Shares of Broadwind Energy (BWEN) are surging 10% in pre-market trading and will get back above the 50 day moving average after it was announced that they will supply the wind towers for projects in the US being developed by Gamesa Technology , a global manufacturer of wind turbine generators. The towers will be constructed by Broadwind’s Tower Tech subsidiary and are expected to be delivered in the 4th quarter this year. No word on … Read the rest
All posts by Tate Dwinnell
JA Solar (JASO) Gets Major Supply Deal With MEMC Electronic Materials (WFR)
JA Solar (JASO) announced this morning that it has won a solar supply agreement with MEMC Electronic Materials (WFR) that has JASO supplying them with high performance solar modules beginning in the third quarter of this year and running through 2012. No word yet on how much will be supplied or the financials of the deal.
===> Click Here For Your FREE JA Solar Analysis
“MEMC is pleased to have selected JA Solar as a … Read the rest
ABB Ltd (ABB) Announces $50M Italian Order
According to , ABB Ltd just announced that it has received an order worth $50M from Actelios to design, engineer supply and commission 3 Italian solar PV plants with a capacity of over 13MW total.
The first plant will be a 6MW plant located in Spinasanta, followed by a 3.8 MWn plant at Cardonita and a 3.3MW plant at Sugherotorto . All plants are expected to be online by the end of this year.
===> … Read the rest
Tesla (TSLA) To Showcase Next Gen Roadster This Weekend At Goodwood
Tesla (TSLA) is expected to showcase its next generation Roadster this weekend at the Goodwood Festival of Speed in the UK. The Tesla Roadster 2.5 appears to feature just incremental improvements such as better sound proofing, a touch navigation screen and improved seat comfort. They began selling the new version this week and have begun delivering to customers.
The UK just loves the Roadster! In the UK, companies that purchase a Roadster are allowed to … Read the rest
Analyst Rating Roundup (FSLR, ENOC, CWST, KDN)
A few analyst rating changes for today..
Hat tip to Street Insider for the analyst commentary.
Canaccord Genuity maintains Buy rating on Casella Waste Systems (CWST) and has a price target of $6 which is more than 50% higher than current levels. “We maintain our BUY on CWST with higher confidence that the company can improve recycling volumes within its recycling segment this fiscal year.” Shares of CWST aren’t moving on the positive comments, down … Read the rest
China Sunergy (CSUN) Renegotiating Acquisition of Module Manufacturers
In March, that China Sunergy was acquiring 2 module manufacturers, CEEG (Shanghai) Solar Science & Technology Co., Ltd and CEEG (Nan Jing) New Energy Co. Now, the company has announced that it is renegotiating that acquisition in light of concerns about their recent performance.
===> Click Here For Your FREE China Sunergy Analysis
In a press release, Mr. Lu Tingxiu, Chairman of China Sunergy, commented on the news:
“The renegotiation reflects China Sunergy’s dedication … Read the rest
MEMC Electronic Materials (WFR) Announces Completion Of Solaicx Acquisition
MEMC Electronic Materials just announced that it has completed its acquisition of Solaicx. MEMC paid $66 million cash for the company, plus roughly $1o million to equal recent investments by Soaicx security holders.
====> Click Here For Your FREE MEMC Electronic Materials Analysis
In a press release, Ken Hannah, President of MEMC Solar Materials, commented on the news:
“We are delighted to complete this acquisition and to welcome the employees of Solaicx. The acquisition … Read the rest
ReneSola (SOL) Issues Strong Preliminary Results, Raises Guidance
Renesola (SOL) is providing preliminary Q2 guidance this morning, beating previous estimates and is raising guidance for the 2nd half. The company reports official results on August 9th.
===> Click Here For Your FREE Renesola Analysis
* They expect total shipments for Q2 to be in the range of 250 – 260MW, exceeding previous guidance of 230 – 250MW
* Net revenues are expected to be in the range of $245 – $255 million, … Read the rest
First Solar (FSLR) CFO To Lead New Utility Systems Division
First Solar (FSLR) will form a new utility systems business group to address the large-scale photovoltaic (PV) system solutions market which will be headed by current CFO Jens Meyerhoff. Following its NextLight acquisition which is expected to close this quarter, the company sees big potential in the utility scale business and will have 2.2GW in power purchase agreements under its belt from the deal. The company will look for a replacement CFO as soon as … Read the rest
Raser Technologies (RZ) Thermo Project Given More Time To Complete
Raser Technologies (RZ) has reached an agreement with its financing parties which allows the company another 10 days to complete the Thermo 1 project at which time Raser expects to provide an update on progress including final payment arrangements from the funds it received from US Treasury.
===> Click Here For Your FREE Clean Energy Fuels Analysis
“This extension will give us time to work with our project financing partners in evaluating the performance of … Read the rest