I’ve been saying for awhile now that Evergreen Solar (ESLR) is a good candidate for going out of business or being bought out at fire sale prices. Nothing has changed. The company still burns through cash and is months away from getting manufacturing operations going at full speed in China. Time is running out and the first step to extinction is a delisting from the Nasdaq.
====> Click Here For Your FREE Evergreen Solar Analysis… Read the rest
Pacific Epoch posted today that Huantai Silicon Science and Technology suspended its cooperation with Suntech Power (STP) in their Glory Silicon joint venture according to the 21st Century Business Herald which cited Huantai President Wang Lubao. Wang said the company plans to form a joint venture with MEMC Electronic Materials (WFR) to manufacture solar cells.
The article wasn’t real clear as to whether the Glory Silicon project was ditched completely, but that appears to be … Read the rest
SunPower announced that it has been chosen by Dow Jones & Company to install a new high-efficiency, 4.1 megawatt solar power system at the Dow Jones’ New Jersey headquarters.
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SunPower will use its SunPower T5 Solar Roof Tile to create a 3.6 installation above the parking lot and a 522-kilowatt rooftop installation.
In a press release, Tom Leyden, managing director at SunPower, commented on the … Read the rest
Kandi Technologies just announced that another one of its EV models, the Model KD5010XXYEV, has been approved for sale in China. In a , the company wrote that it expects this model to be much widely adopted than the previous models it had for sale, since it is well-suited for both families and government agencies such as post offices and power companies.
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… Read the restArcLight Capital Partners, LLC just announced that it has sold 450 MW worth of solar development projects to NRG Energy via its portfolio company , US Solar Ventures Holdings, LLC.
In a press release, Bob Mooney and Bob Looper, 2 principals at US Solar, commented on the sale:
“The sale to NRG, an established leader in the independent power sector, will facilitate the commercial advancement of these projects,” according to Bob Mooney, principal at US … Read the rest
CBS News did a story tonight on the led lighting revolution as the incandescent bulb nears extinction. Here are some facts presented in the story..
– Americans consume double the amount of electricity than someone in Great Britain and nearly 6x than someone in China
– We’re increasing our energy use by 30% per year (this number seems hard to believe!)
– 22% of our electricity use comes from lighting
– 95% of the … Read the rest
A new green stock that traders will undoubtedly have their eye on in the coming months is the first China LED play to trade on a US exchange. China Intelligent Lighting (CIL) began trading today on the AMEX under the ticker CIL. It’s showing excellent liquidity out of the gates, already trading nearly a million shares before the half way point.
====> Click Here For Your FREE China Intelligent Lighting Analysis
The company raised $10 … Read the rest
Citi is out this morning maintaining its Hold rating on First Solar (FSLR) and raised the price target from $125 to $140.
“FSLR remains mired in a multi-year flattening of EPS from 2009-2011 with significant growth not likely until 2012. On the downside, if $6 is worst-case, this supports our view that stock price of $100 or slightly lower is where we’d expect to get more bullish. On the upside, if Street starts to look … Read the rest
Ener1 just announced that it has signed a memorandum of understanding with Russia’s Federal Grid Company. Per the MOU, the two companies will work together to develop high-performance battery systems to help support Russia’s aging grid, which is expected to experience unprecedented demand in the years to come.
The MOU is part of a $15 billion effort by Federal Grid Company to modernize its power grid.
===> Click Here For Your FREE Ener1 Technical Analysis… Read the rest
Capstone Turbines just announced that is now offering a full line of hybrid electric drive solutions, called Capstone Drive Solutions. To support the new product line, the company also announced a supply agreement with CalMotors, which will supply Capstone with inverter drives and traction motors for use in the systems.
CalMotors will provide these parts for a wide range of different vehicles. Traction motor sizes will range from 70kW to more than 300kW, to fit … Read the rest