Itron just announced a new partnership with Ruggedcom to help both companies increase their smart-grid related business. Under the agreement, Ruggedcom’s RuggedMAX product will be integrated into Itron’s OpenWay smart metering product to provide utilities with an extra WiMAX backhaul communications option.
In a press release, Elik Jaeger, Vice President of RuggedWIRELESS for RuggedCom, commented on the agreement:
“The collaboration with Itron is part of our commitment to work with leading providers of Smart … Read the rest
PowerSecure just announced that it has been chosen to provide its infrastructure services to a large US utility, a contract worth approximately $30 million over the next three years. As part of an expansion in the relationship between PowerSecure and the utility, PowerSecure will help the utility remodel its distribution system to make it more reliable and efficient.
Yingli Green Energy (YGE) was out with strong earnings results this morning, beating Wall St estimates in the process. The company reported a non GAAP EPS of .23 on revenues of $358.9 million. That beat analyst estimates by .01 and $5 million respectively and represents a 146% revenue increase over the year ago quarter. Gross margins hit a new record at 33.3%.
Applied Materials just announced the launch of a new product, Applied SmartFactory(TM) MES* software. The software allows LED, chip packaging and solar factories to track and streamline the movement of materials through the facility. In less than 60 days after deployment, the product leads to higher product quality and better productivity, along with reduced costs.
In a press release, Charlie Pappis, vice president and general manager of Applied Global Services, explained the advantages of the … Read the rest
A little more than a month ago, Auriga initiated coverage on solar stocks and was generally bullish outside of its Sunpower (SPWRA) Sell rating. This morning, the firm is slashing price targets of some China solar companies, but is bullish in First Solar (FSLR). I don’t really understand the cutting of price estimates right now which are due to Euro exposure. The Euro has been deteriorating for some time now. Granted, Euro weakness has accelerated … Read the rest
SunEdison, a subsidiary of MEMC Electronic Materials, just announced a new agreement with Weingarten Realty Investors to lease space on their unused rooftops for up to 10 MW worth of PV solar installations. Weingarten Realty will then purchase the energy produced by the systems at below-retail rates, or will allow their tenants to do so.
In a press release, Bill Goeke, Senior Vice President, Property Management of Weingarten Realty Investors, commented on the news:… Read the rest
MEMC Electronic Materials just announced that it will be acquiring Solaicx, a company that has developed a patented continuous crystal growth manufacturing technology. This technology enables solar companies to produce more efficient monocrystalline silicon wafers at a low cost.
Solaicx is privately held; MEMC Electronic Materials will pay its securityholders $66 million in cash plus additional cash to cover their costs for recent investments made prior to closing, which is expected to be about $10 … Read the rest
Credit Suisse demonstrates once again why analyst estimates and ratings are for the most part worthless. Rarely are analysts ahead of the curve and Credit Suisse is no exception. They are out this morning maintaining their Neutral and Outperform ratings, but cutting price targets well after these stocks have plummeted to new lows. I believe solar stocks are close to bottoming out, based on some minor capitulation moves seen yesterday. Many are ripping higher again … Read the rest
Toyota Motors (TM) and Tesla Motors announced this morning that they are partnering to produce Tesla electric cars in a recently closed Toyota/GM plant in Fremont, California. The plant was closed just a few weeks ago, taking 4,700 jobs with it, but reviving the plant is good news at least for a portion of the workers. When production begins in 2012, about 1000 workers will be needed.
Tesla currently sells the Roadster, but the new … Read the rest
No doubt today’s action was ugly if you were on the long side of the trade and taking a look at the Up & Down Movers at the left tells the story. That’s a might lengthy list of green stocks down with heavy volume today, but there were bright spots provided in some solar stocks.
Despite a day when the overall market was down 4% with heavy volume, eight solar stocks finished in the green … Read the rest
Green Alternative Energy Stocks – Solar, Wind, LED Lighting,Smart Grid, Electric/Hybrid Cars, Wave Energy, Green Building, Biofuels & Geothermal