Orion Energy Systems (OESX), an efficient lighting solutions play, got back in the black after the bell today posting a non GAAP EPS gain of .03/share which beat the consensus estimate of a 1 cent share loss. Revenues came in a bit shy of analyst estimates at $13.7 million, but the company indicated it received an influx of orders right at the end of the quarter which were not able to be produced and shipped … Read the rest
Category Archives: energy efficiency
Verenium (VRNM) Receives Approval In China For Purifine, Shares Surging
Verenium (VRNM) is moving up about 8% in pre-market trading on news that another one of its edible oils, Purifine, has received China approval for sale as a processing aid in the oilseed production process in order to improve yield. The edible oils market is a $100 billion global market and China’s growth in edible oils just as it is for many industries, is growing at a fast pace. I’m not entirely sure if this … Read the rest
Satcon Technology (SATC) Solstice Product Selected For 63MW Solar Plant In Puerto Rico
Satcon Technology (SATC) is surging in pre-market trading on news the CIRO One 63MW solar plant to be built in Puerto Rico will use 126 of Satcon’s Solstice 500kW power harvesting and management solution. The technology increases the overall energy yield of solar installations by 5 – 12% and reduces system material costs by 20 – 25% compared to a centralized inverter system. Construction of the plant is expected to begin this month. No … Read the rest
Google (GOOG) Testing Self Driving Toyota (TM) Prius
In a piece in the New York Times over the weekend, they pull back the curtains on an exciting experiment between Google (GOOG) and Toyota (TM) – self driving cars. Google has been testing self driving Prius’s in secret for some time which use AI software, cameras and GPS to try to mimic human driving.
According to the article, seven cars have driven 1000 miles completely autonomously and another 140K miles with some human intervention. … Read the rest
Satcon Technology (SATC) Reports Record Revenue, Misses On EPS; Guides Above
Satcon Technology (SATC) reported a Q2 loss of $0.12, vs the analyst estimate of ($0.05) after the bell today. Revenue for the quarter was $27.6 million, vs the estimate of $26.8 million. That’s a record revenue number for the company, but it didn’t translate into profits. The company doesn’t expect profitability until 2011, but is rapidly moving there.
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Traders appear to be looking to the … Read the rest
Fuel Systems Solutions (FSYS) Subsidiary IMPCO Wins Europe Deal For Idle Reduction Equipment
Fuel Systems Solutions (FSYS) has announced that its subsidiary IMPCO Ecotrans has won its first significant supply agreement for its locomotive idle reduction equipment in Europe. They will initially supply 50 locomotive auxiliary power units within a few months and installation is expected to be completed by the end of the year. No word on the name of the European company or the financials of the deal.
General Electric (GE) & Venture Partners Announce $200 Million Green Energy Pledge With Ecomagination Challenge
General Electric (GE) along with some leading venture capital partners such as Kleiner Perkins, announced today a $200 million contest which seeks to accelerate the advancement of the smart grid and other green energy solutions. The “GE Ecomagination Challenge: Powering the Grid”, invites technologists, entrepreneurs and start ups to share their best ideas.
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Said GE CEO Jeff Immelt, "At GE we have invested broadly … Read the rest
Orion Energy Systems (OESX) Issued Two New Efficient Lighting Patents
Orion Energy Systems (OESX) announced that on June 1 it was issued two new patents for its efficient exterior lighting technology, which reduces energy consumption by up to 50% when compared to current lighting found in 96% of parking lots (according to a study done for the DOE). It should be noted that this is not LED technology. Orion’s systems improve upon traditional fluorescent lighting and incorporate intelligent wireless control systems as well as solar … Read the rest
Quantum Fuel Systems (QTWW) Soars On Lockheed (LMT) ISIS Airship Deal
It’s been a mighty rough 2010 for Quantum Fuel Systems (QTWW), falling from a high of 1.50 last September to around 50 cents yesterday. Today, it finally got some good news and the stock surged 16% with good volume. It’s still trading well below a buck, but perhaps the bottom is near. It announced this morning that it’s been awarded a contract from Lockheed Martin (LMT) to supply hydrogen metering systems for use in Lockheed’s … Read the rest
Orion Energy (OESX) Swings To Profit, But Misses Street & Guides Lower
Orion Energy Systems (OESX) swung to a quarterly profit vs the .05/share loss they reported in the year ago quarter, but missed the Street estimates on both EPS and revenues. They reported a non GAAP EPS of .01, missing by a penny on revenues of $18.88 which was shy of estimates by about $1.5 million.
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The guidance isn’t impressive either. The company expects EPS for … Read the rest