Canadian Solar just announced that they have released their NewEdge solar panels in the US market. The panels are compatible with the new Zep roof-mounting System, and used together the products have the potential to reduce installation costs by half and reduce the amount of time spent to install the panels on a roof by 75%.
The NewEdge solar panels are available in two different varieties, one using 5″ monocrystalline silicon, and one using 6″ … Read the rest
AES Solar, a JV between The AES Corporation and Riverstone Holdings LLC, just announced that it has closed on EUR173 million worth of financing for its planned Cellino San Marco project. The project will consist of a 43 MW solar PV plant in Italy’s Puglia region. The facilities will provide enough money for approximately 85% of the cost of building the plant, and they will mature 18 years after the plant is completed in the … Read the rest
SunPower just announced that it has signed an agreement with Sol.In.Build Srl, a subsidiary of Veronagest SpA, to build 7 solar plants in Sicily. No financial details were disclosed, but the 7 plants will provide 16.5 MW of capacity total. Individual plants will vary in size from one to 3.5 MW. All plants are expected to be up and running by September of this year.
The plants will use SunPower panels as well as SunPower … Read the rest
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LDK Solar (LDK) reported a non GAAP Q4 EPS of $0.03 which missed analyst estimates of $0.12 as margins took a hit. Revenues were a bit above estimates at $304 million. While that’s a big improvement over the year ago quarter when the company reported a whopping 2.05 loss, it wasn’t enough to keep traders from dumping the stock today.
Here are some highlights of comments … Read the rest
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ABB just announced that they have received a $30 million order from GA Solar for a 13 megawatt PV power plant in northern Spain. Under the terms of the agreement, ABB will handle the plant’s design, engineering, construction, civil works and commissioning.
GA Solar is using ABB’s modular eBOP (electrical balance of plant) concept to speed construction of the plant, which should be online later this … Read the rest
The solars are having a decent day today on the back of a Barclays bullish call this morning. According to Street Insider, the firm upgraded Solarfun (SOLF) to Equalweight and doubled the price target which sent the stock surging 10%. They have also raised the price target on several other solar stocks. Here are the calls..
First Solar (FSLR) from $100 to $125
ReneSola (SOL) from $5 to $7
Canadian Solar (CSIQ) from $21 … Read the rest
Sunpower just announced that it has completed its acquisition of SunRay Renewable Energy, a solar power plant developer based in Europe with offices in the Middle East. The acquisition over 1,200 megawatts of solar photovoltaic (PV) projects to SunPower’s project pipeline. The projects are all in different stages of development and are located in Italy, France, Israel, Spain, the United Kingdom and Greece.
In a press release, Howard Wenger, president of SunPower’s utilities and … Read the rest
If the Obama administration wants to meet its goal of being the alternative energy world leader, it’s got a lot of catching up to do. While they focus on a trillion dollar health care sure to put the US credit rating at risk in the coming years, it spends peanuts on the technology needed to fuel our future without the need for massive foreign oil imports.
Last year, China doubled the investment the US made … Read the rest
Several Analyst rating notes this morning. Hat tip to Street Insider for the analyst commentary.
Soleil Securities maintains Hold on SunPower (SPWRA) and has price target of $21. “Cutting 2010 estimate from $1.50 to $1.30 per share (consensus is $1.45 per share). Introducing below consensus estimate for 2011 ($1.65 per share vs. $2.07 consensus).”
Merriman Curhan Ford reiterates Buy rating on Power One (PWER). “Our recent meeting with senior management continues to reaffirm … Read the rest
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According to Street Insider, Kaufman Bros has reinstated coverage on First Solar (FSLR) with a Buy rating and has a $140 price target.
The firm calls First Solar “the preeminent stock in the solar space” which should represent a “core holding for investors.” Kaufman notes that a recent sell-off in the stock (about 7% since mid-March) “provides an opportunity to get in at a reasonable, … Read the rest