Auriga is out this morning initiating coverage on recent solar IPO Jinko Solar (JKS) with a Buy rating and $23 price target (more than double the current price. Despite viewing the company as a 2nd tier China solar manufacturer, the firm sees considerable value in the stock.
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“We believe the shares are substantially undervalued and see significant upside to our $23 price target. Given our … Read the rest
Clean Energy Fuels has just announced that it has been awarded a new 10-year contract from the Los Angeles County Metropolitan Transit Authority. Per the terms of the contract, Clean Energy Fuels will refurbish and upgrade CNG station compressor equipment for LA Metro’s Los Angeles Central and South Bay divisions. The company will also operate and maintain the updated equipment.
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In a press release, … Read the rest
The big gorilla Goldman Sachs (GS) has finally begun covering the solar sector and initiated coverage of the US solar sector with a Neutral rating and initiated coverage on a few of the largest solar companies too. Hat tip to Street Insider for the heads up on these ratings this morning.
It begins First Solar (FSLR) coverage with a Buy rating and $150 price target. They view the increased exposure to the US utility scale … Read the rest
It seems like every few weeks the ebb and flow of feed-in-tariff fear and optimism rolls through the solar industry with rumors fueling speculation as what it means for solar companies, particularly those that do much of their business in the German, Italian and Spanish markets. Last week, the rumors continued…
I mentioned in a report several days ago that the industry feared Spain would retroactively cut their solar FIT program and some even … Read the rest
Trina Solar (TSL) will be the supplier of solar modules for a 1.2MW solar system at the University of Queensland in Brisbane, Australia. The roof top systems will be developed by Ingenero and mounted across four buildings at the University. The local government is contributing AUD1.5 million to the project.
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“The Australian solar market has enormous potential and Trina Solar is pleased to be selected … Read the rest
I just posted about Altair’s lithium battery deal with Proterra for their electric buses and Valence Technology (VLNC) is also providing lithium batteries for electric buses. The company announced today it’s technology is powering e-Traction’s e-Busz all electric buses in Rotterdam of the Netherlands. The first two zero emission buses were transferred to the Rotterdamse Elektrische Tram in a ceremony last week. The buses are recharged through regenerative breaking and plug in power during … Read the rest
Sunpower (SPWRA) landed another solar supply deal with the French retailer Casino Group today. Last year, Sunpower signed a 14MW deal with the company and today it signed a 20MW deal which allows Casino group to install additional solar panels on the roof tops of its properties in France. They will use Sunpower’s E19 series solar panels which provide efficiency up to 19%.
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GreenYellow (renewable energy … Read the rest
Altair Nanotechnologies (ALTI) could use some good news. With its stock trading at 40 cents a share, it’s on the verge of extinction. Today it got some. The company signed a long term lithium battery supply deal with Proterra for their hybrid and electric buses, allowing the buses to recharge in 10 minutes.
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The two companies have partnered in the past and this purchase order … Read the rest
Just days ago Rubicon Technology (RBCN) closed on a public offering of more than 3 million shares, raising around $62 million. In that offering, 834,000 shares were sold to the public by “selling stockholders” as indicated in the press release. We know now that those selling stockholders include the CEO and CFO according to InsiderCow.com, both of which liquidated their entire position. CEO Raja Parvez sold all 200,000 shares for a cool $5.68 million … Read the rest
SunPower (SPWRA) announced it has broken the world record for full scale solar cell efficiency by producing a cell with a sunlight to electricity conversion of 24.2% at its plant in the Phillippines. It’s been confirmed by the DOE. Sunpower has increased efficiency by 4% over the past 5 years
“This new world record demonstrates SunPower’s ability to extend our lead in manufacturing the world’s highest efficiency solar cells,” said Bill Mulligan, vice president of … Read the rest