Ascent Solar has begun producing monolithically integrated flexible CIGS modules at its Littleton, Colorado production line. This makes Ascent the first solar company to use a plastic substrate to produce fully integrated lightweight thin-film CIGS modules.
In a company press release, members of the leadership team commented on the significance of this achievement:
… Read the restDr. Mohan Misra, CEO of Ascent Solar stated, “This is a remarkable step for the advancement of thin film CIGS on
LDK Solar (LDK) is trading down about 10% in pre-market trading this morning after reporting a large 4Q loss and issuing disappointing guidance for next quarter. The company reported a loss of $1.25/share which was much steeper than what analysts had expected (.84 loss) on revenues that actually beat estimates and represented a 121% increase over the year ago quarter. The company ended the year with $255 million in cash and cash equivalents and $83 … Read the rest
After its solar installing rival Akeena Solar (AKNS) reported awful results several days ago, you couldn’t expect much out of Real Goods Solar (RSOL) after the bell today and they didn’t disappoint. Taking out the big costs of acquisition in the quarter, they still reported a .10/share loss. Analysts had expected the company to be flat in the quarter with no losses after one time costs. On the bright side, this is a … Read the rest
JA Solar (JASO) gapped up big out of the gates this morning after reporting a wider loss of .11/share on a non GAAP basis, but beating revenue estimates of $118 by reporting $143.5 in revenue. It has reiterated its guidance for revenues this year in the range of $830 – 952 million which should put the company close to analyst expectations of $854 million.
The company remains fairly liquid with $282 million in cash and … Read the rest
Gemini Solar, a joint venture between Suntech and MMA Renewable Ventures, has been selected to build a 30 MW solar power plant that will provide power for Austin, Texas. The plant, which should be online by the end of next year, will produce enough power for 5,000 homes and save 30,000 tons of carbon dioxide each year.
Steven Chan, Suntech’s Chief Strategy Officer and President of Global Sales and Marketing, commented on the news:
… Read the rest"Suntech
ReneSola (SOL) is raising its 08 estimates this morning but lowering estimates for 09. It sees Q4 sales sales of $157 – $159 million vs the consensus of $153.63. For the full year 08 the company now expects sales of $669 million to $671 million vs its previous estimate of $640 – 670. For 09, the outlook isn’t as rosy. The company expects revenues in the range of $650 – $700 vs the consensus of … Read the rest
Trina Solar (TSL) reported results this morning with an EPS loss a bit lighter than expected at .03/share vs the estimate of a .04 loss. Revenues were a bit better than expected as well at $216 million vs the analyst estimate of $201 million and exceeding the company’s previous guidance of $190 – $210.
“Despite the challenging global economic and financial climate, we are pleased with our strong performance in the fourth quarter,” said Mr. … Read the rest
Evergreen Solar’s ES-Series String Ribbon solar panel received the highest rating in a performance test performed by German test institute TÜV Rheinland Group. In the test, which is halfway completed, Evergreen Solar ‘s panels delivered the most kilowatt hours of electricity out of all 14 brands in the test. The test is still in progress-these results are for the first 6 months of what will be a year-long trial.
Terry Bailey, Evergreen Solar’s senior vice … Read the rest
First Solar (FSLR) announced after the bell today that it will acquire all of OptiSolar’s project development business in an all stock transaction valued at approximately $400 million. The acquisition is expected to be completed in the 2nd quarter and includes:
– 550MW AC solar development project under a power purchase agreement with PG&E
– A project pipeline of an additional 1300MW AC that’s in negotiation with Western regional utilities
– Land rights of about … Read the rest
In Barrons magazine this weekend they highlighted some green energy stock plays across a variety of industries, focusing on those companies that are well established, diversified and financially healthy. They c all ABB, Waste Management (WMI), FPL Group (FPL), Jacobs Engineering (JEC) and Eaton (ETN) their green dream team.
ABB (ABB): large Switzerland company is one of world’s largest builders of electricity grids and was called the GE of Europe by Barrons several months ago. … Read the rest