Key Equipment Finance just announced that it will be partnering with SunPower (SPWRA) to provide financing for up to $50 million worth of SunPower commercial-scale solar systems. The program will allow qualified commercial customer to secure capital leases and loans and government entities to secure municipal leases to finance the construction of SunPower solar systems from 50 KW to 1 MW in size.
The programs will make it easier for customers to apply for credit … Read the rest
MEMC Electronics (WFR) was punished yesterday after missing Wall St estimates and appears to be on its way to test all time lows around $10, but the stock may get some relief buying today following two upgrades from Gabelli and Credit Suisse.
Credit Suisse upgraded WFR from Neutral to Outperform and raised the price target from $17 to $19 (nearly a double from today’s prices).
According to Notable Calls, Credit Suisse sees semi prices … Read the rest
Trina Solar (TSL) landed a 40MW deal to supply solar modules to ITEC of Germany last week and today its landed another 40MW German order, this time from AE Photonics to be delivered this year. Half will be delivered in the first half of the year with agreed pricing in the first quarter. Very similar to the ITEC deal.
The news didn’t help the stock at all today, as China stocks were hammered again along … Read the rest
Energy Conversion Devices’ subsidiary United Solar Ovonic just announced that it will be providing 25 MW of UNI-SOLAR® brand photovoltaic laminates to be used in Enel Green Power’s planned installations for CIS-Interporto di Nola in Italy.
The laminates will be installed on the rooftops of several buildings, and once they come online, they will produce 33 million kWh of power per year. That’s enough to power about 13,000 households, reducing annual CO2 emissions by … Read the rest
MEMC Electronics (WFR) continues to struggle and missed Wall St EPS estimates after the bell today, posting another quarter of red ink at -.02/share (minus one time cost associated with Sun Edison acquisition) Wall St expected a flat quarter and the whisper number actually called for a small profit, so the stock is selling off a bit after hours, but how it trades tomorrow will depend largely on the guidance which the company will give … Read the rest
Solarfun just announced the release its new Eclipse product line. The new line of solar PV cells and modules features reduced light induced degradation, so they generate more electricity compared to standard cells. For example, by reducing light induced degradation down to 1% from the standard 2-3%, the electricity generated is increased by 1% to 2% over a one-, five-, 10-, and 25- year period.
In a press release, Peter Xie, President of Solarfun, … Read the rest
With the explosion in the popularity of anything “green” including stocks, comes the unscrupulous, the frauds and the spammers. Certainly the stock market industry is littered with .. to be perfectly frank.. crap. Part of the goal in creating GreenStocksCentral.com was to not only keep you up to speed with all the latest news in the world of green stocks along with highlighting the best opportunities, but to steer you in the direction of top … Read the rest
GT Solar (SOLR) has been able to do what most solar stocks haven’t over the past few weeks and that’s avoid a big sell off. The stock has held up very well in recent weeks heading into earnings and will gap up significantly at the open tomorrow after smashing low Wall expectations today. The company reported an EPS .10 above estimates at .25/share on revenues of $173.6 million. That was way ahead of the estimates … Read the rest
LDK Solar just announced that they have signed a supply contract with Oneworld Energy’s subsidiary COU Solar. Per the contract, LDK will deliver around 30 MW of solar modules to COU this year.
In a press release, Xiaofeng Peng, Chairman and CEO of LDK Solar, stated that “We are very excited to expand our relationship with COU/Oneworld. This relationship will allow LDK Solar to take advantage of the wealth of solar opportunities that COU/Oneworld … Read the rest
Energy Conversion Devices just announced that they will work with Enfinity Corporation to develop 10MW of rooftop solar power installations in Ontario, Canada through the province’s new feed-in-tariff program. Enfinity will lead rooftop acquisition, arrange construction debt and arrange take-out equity financing. Energy Conversion Devices will contribute UNI-SOLAR® photovoltaic laminates and new PowerTilt™ products via its subsidiary , United Solar Ovonic.
In a press release, Mark Morelli, ECD’s president and CEO, commented … Read the rest