Real Goods Solar (RSOL) has had quite a run off the Nov lows, more than doubling in price. The stock has surged again today with heavy volume on news it has signed a 790kW residential solar deal that will have the company designing and installing solar electricity across several affordable housing communities in San Francisco and Richmond, CA. Up front installation costs for the solar power were slashed with the help of San Fran’s GoSolarSF … Read the rest
Category Archives: Solar Energy
Solutia’s (SOA) Heat Transfer Fluids To Be Used In LDK’s World-Scale Chinese Polysilicon Plant
Solutia just announced that its Therminol® D12 and Therminol 66 synthetic heat transfer fluids will be used in LDK’s new 15,000 metric ton polysilicon plant in Xinyu City, China. Solutia’s heat transfer fluids have been used in several solar power-related projects this year, both in the manufacturing of polysilicon and to absorb and transfer energy from sunlight in concentrating solar power plants.
In a press release, Mr. Richard Altice, Vice President of Commercial Services … Read the rest
Suntech (STP) Enters Ontario Residential Solar Market With Pure Energies MOU
It’s not a done deal at this point, just a memorandum of understanding which can be broken, but Suntech (STP) and Pure Energies of Canada have agreed on a supply deal which will have STP supplying up to 17MW in solar panels next year. The MOU also provides a possible supply deal for 2011 as well.
Pure Energies servers Ontario’s rapidly growing residential solar market which has been supported by the local government.
Said Suntech … Read the rest
Sunpower (SPWRA) Gets Pacific Crest Upgrade: "Accounting Debacle Creates Opportunity, But Risk Remains"
Pacific Crest is out upgrading SunPower (SPWRA) this morning to Outperform and raised the price target to $29, saying the recent accounting debacle has created a unique buying opportunity.
Hat tip to StreetInsider.com for the following analyst comment:
“There is considerable risk inherent in our call because the results of the accounting investigation have not been announced. However, we believe the current stock price assumes a lower margin profile on future revenue, and thus the … Read the rest
Broadpoint Maintains First Solar (FSLR) Buy Rating But Lowers Price Target
This morning Broadpoint came out reiterating its Buy rating on First Solar (FSLR), but lowered the price target to $165 which is still well above the current price of $120
Hat tip to StreetInsider.com for the following analyst comment
“Following updated cost reduction guidance from poly-based module producers last week, we are reducing our FSLR 2010 estimates to better reflect a more competitive landscape in 2H10 (namely TSL projecting $0.70/w processing cost). We still view … Read the rest
EnerDel (HEV) Enters Utility Scale Lithium Battery Storage Market With Portland General Electric
Yesterday A123 Systems (AONE) surged on news it received some government cash to develop utility scale battery storage systems. This morning, it’s EnerDel’s (HEV) turn. The company has announced that it will participate in a program to help develop Portland General Electric’s smart grid which is a project funded in part by the DOE. The DOE will provide around $90 million of the $178 million project.
EnerDel will build lithium batteries for five 1MW … Read the rest
Capstone Turbine (CPST) Receives $3 Million From DOE, Israeli Research Foundation
Capstone Turbine (CPST) has received $3 million in grants from the DOE and Israel’s Binational Industrial R&D Foundation. The grant from the DOE will go towards the development of a flex fuel microturbine capable of running on biofuels (mostly from agricultural crop waste). The DOE will provide $2.5 of the $3.8 million project which will also include participation from the Argonne National Laboratory, the U of Cali at Irvine and Packer Engineering. Initial estimates show … Read the rest
Akeena Solar (AKNS) Working With Highland Solar To Distribute Andalay Panels in Canada
Akeena Solar just announced that they have signed a distribution partnership with Ontario’s Highland Solar. The deal paves the way for the distribution of at least 1.75 megawatts of Akeena Solar’s Andalay panels. Highland Solar will distribute the panels through its local installation network. This is Akeena’s first distribution agreement outside of the US.
In a press release, Akeena’s CEO Barry Cinnamon commented on the agreement:
“Canada is shaping up to be a large … Read the rest
First Solar (FSLR) Sells Blythe, CA Plant To NRG Energy (NRG)
First Solar just announced that it has sold its Blythe, California plant to NRG Energy. The energy produced by the 21 MW plant, California’s first and largest utility-scale PV project, will be sold to Southern California Edison under a 20-year purchase agreement. The plant is expected to generate 45,000 megawatt-hours of electricity annually, and will create a reduction in co2 emissions equal to taking 2,200 cars off the road.
First Solar will continue to provide … Read the rest
LDK Solar (LDK) Surging After Surprising With A Profit, Guides Higher
LDK Solar (LDK) surprised the St this morning by reporting a profit on a GAAP basis. I don’t see a non GAAP number in the report and wasn’t seeing an indication at first glance of any large one time gains, but will update this report if that’s the case. So on a GAAP basis which includes one time gains and losses, the company reported Q3 earnings of $0.27/share which smashed analyst estimates of a .10/loss. … Read the rest