Over a month ago, Macquarie slashed its rating on Canadian Solar (CSIQ) and said it had lost credibility in management due to another EPS revision lower due to currency exchange losses. Today, that credibility takes another hit along with the price of its stock. The company announced after the bell today that it has been issued a subpoena by the SEC related to sales transactions last year. As a result, they’re delaying their earnings results … Read the rest
All posts by Tate Dwinnell
Suntech’s (STP) Victoria-Suntech Advanced Solar Facility Launched In Australia
The Victoria-Suntech Advanced Solar Facility (VSAF), a joint project from Suntech and Melbourne, Australia’s Swinburne University of Technology, launched yesterday in Melbourne.
The VSAF will enable Suntech and Swinburne to collaborate and find a way to commercialize Swinburne’s new NANOPLAS technology.
According to Professor Min Gu, who is the Director of the Swinburne Centre for Micro-Photonics and will head the VSAF in conjunction with Suntech Chairman and CEO Dr. Zhengrong Shi, the NANOPLAS technology makes … Read the rest
Suntech (STP) Gets Certified To Sell Solar Panels In The UK
Suntech just announced that its solar panels have been certified to meet the requirements of the UK Microgeneration Certification Scheme. MCS Certification means that Suntech’s panels meet or exceed all applicable safety and performance standards and can be sold in the UK.
In a press release, Jerry Stokes, Suntech’s Vice President of Strategy and Business Development in Europe, commented on the news:
“We see the UK as a strategically important market and had no … Read the rest
Google’s (GOOG) PowerMeter Lets Consumers Monitor Their Energy Usage Without a Smart Meter
Treehugger has an excellent post up that looks at Google’s PowerMeter and whether or not it can replace the efforts of utilities to install meters and connect them to a smart grid. Google’s PowerMeter devices are giving consumers the power to manage their own energy use independent of local utilities, meaning that you don’t have to wait for your local power company to start installing smart meters to get an in-depth view of your energy … Read the rest
New Generation Biofuels (NGBF) Files Patent Application For Glycerin Biofuel
New Generation Biofuels (NGBF) announced it has filed a patent application for its new glycerin biofuel.
“This new patent pending technology offers another effective biofuel solution for our customers’ environmental and performance challenges,” added Chief Technology Officer Dr. Andrea Festuccia. “It is formulated, as are our other technologies, to reduce emissions while providing physical product properties that are desirable for many of our customers’ needs. The low viscosity and temperature characteristics such as an extremely … Read the rest
Tri-Tech Holding (TRIT) Shares Pop On $8 Million Buy Back Program
Tri-Tech Holding (TRIT) remains a good way to play China water pollution/scarcity, but the stock has been crushed in recent months and trading down around all time lows. Today it’s getting some relief after the company announced an $8 million buy back program. They indicate the repurchases may occur over the next year in one or more public transactions in accordance with Rule 10b-18.
SunPower (SPWRA) To Form JV With AUO, Will Accelerate Fab 3 Ramp
SunPower just announced that they are forming a joint venture with thin-film crystal LCD manufacturer AU Optronics Corp. Per the agreement, the two companies will jointly own and operate the 1.4 gigawatt third solar cell fabrication plant (called Fab 3) that SunPower is in the process of building in Malaysia. By bringing AUO into the joint venture, SunPower plans to reduce costs for the project and have it completed more quickly.
===> Click Here For … Read the rest
Hoku Scientific (HOKU) Reports Mixed Results, Needs More Financing, Shares Down 10%
Hoku Scientific (HOKU) reported earnings results after the bell and traders aren’t impressed. While the company matched analyst estimates with a .03/share loss, they missed badly on revenues reporting just $776K vs the analyst estimate of $1.4 million. Granted, it’s a big improvement over the 112K they reported in the year ago quarter, but when you miss that badly, the stock will get hit. It’s off about 10% in after hours trading.
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Enova Systems (ENA) & Navistar (NAV) Begin Deployment Of Hybrid School Buses
As part of an initial deployment of US DOE grants for hybrid school buses, Enova Systems (ENA) and Navistar (NAV) will deploy an initial lot of 16 buses to various school districts. The companies expect to win more work as additional tax credits and incentives become available for school districts who wish to deploy cleaner buses. With Navistar (NAV) owning 60% of the US bus market, they may get a nice chunk of this business, … Read the rest
Auriga Maintains Buy On Trina Solar (TSL) After Earnings
Auriga was out with a call this morning maintaining its Buy rating and $24 price target on Trina Solar (TSL) following earnings. While they believe the concerns over a tumbling Euro continue to outweigh improving fundamentals in the solar sector, those with a larger appetite for risk should consider an investment in TSL. I’m with Auriga on this and looking for a spot to get in myself. That may be tomorrow if it slides … Read the rest