EMCORE Corporation has just announced that it has a contract with NASA to produce solar panels for NASA’s Global Precipitation Measurement spacecraft. The spacecraft will study precipitation (rain, snow and ice) around the world, and is scheduled to launch in 2013. According to , the stock is going up in price as a result of the $5 million contract, which is to managed by MEI Technologies, Inc. Shares are already up by 30% this morning.… Read the rest
Category Archives: Solar Energy
Ascent Solar’s (ASTI) Monolithically Interconnected CIGS Module Is Bigger Than Yours
Ascent Solar just announced that they have manufactured a flexible, lightweight monolithically interconnected CIGS solar module on a polyimide substrate that is 5 meters long. This is the longest monolithically interconnected CIGS module ever manufactured. It was created using equipment that is being tested for use in the 30MW manufacturing facility that Ascent Solar is currently constructing. When tested, it produced 123 watts of power at 9.1% aperture area efficiency.
In a press release, Ascent … Read the rest
First Solar (FSLR) Signs Supply Agreement With Lend Lease
First Solar and Lend Lease just announced that they have signed a new supply agreement. Under the contract, first Solar will supply Lend Lease with 10 MW worth of solar panels, starting right away. Lend Lease will use these panels in the construction of homes in Australia.
In a press release, executives from both companies commented on the deal:
“We are pleased to be working with First Solar, one of the leading solar companies, … Read the rest
China Sunergy (CSUN) Expands Into Italy With Renergies Italia Contract
China Sunergy just scored a 53 MW sales framework agreement and a 3 MW sales contract with Italian solar module manufacturer Renergies Italia. The 53 MW sales framework agreement covers 6 years, but the agreement is not legally binding to either China Sunergy or Renergies Italia-the two companies will negotiate separate contracts that may total 53 MW over the next 6 years. The first 3 MW sales contract has already been signed, and China Sunergy … Read the rest
Hoku Scientific (HOKU) Plunging 30% On Financing Concerns
Hoku Scientific (HOKU) reported earnings after the bell yesterday, but it isn’t the earnings that’s driving the stock down this morning, it’s concern that the company won’t be able to raise enough cash to fund construction of its Idaho polysilicon plant and possibly remain in business. The company has a $106 million gap that it’s working to fill through customer pre payments and financing. However, due to a tough credit market, the company is acknowledging … Read the rest
NRG Energy (NRG) And eSolar To Build Solar Power Plant In New Mexico
NRG Energy and eSolar just announced that El Paso electric has contracted them to build a solar power plant in Dona Ana county in New Mexico. The plant will be constructed and owned by NRG, and built with eSolar’s solar thermal technology per the agreement the two companies entered in February.
The Dona Ana plant is expected to be up and running by late 2011, and when completed it will produce 92 MW of solar … Read the rest
First Solar (FSLR): Soleil Downgrade, Broadpoint Raises Price Target To $250
A tale of two analyst comments today on First Solar (FSLR) with Soleil Securities downgrading the stock and Broadpoint Amtech maintaining its Buy rating and raising the price target to $250 based on the potential for several catalysts.
Hat tip to StreetInsider for the following analyst notes:
The catalysts highlighted include:
The 2009 Analyst Day: FSLR is scheduled to host an Analyst Day on June 24 in Las Vegas where we expect management to highlight … Read the rest
Ascent Solar (ASTI) Chosen For Solar America Initiative
Ascent Solar just announced that it has been selected for the Solar America Initiative pre-incubator program by the US Department of Energy. This is significant news for Ascent because the project award includes a year-long subcontract valued at approximately $315,000. The Solar America Initiative per-incubator program is brought to you by the American Recovery and Reinvestment Act.
From a company press release, here’s more on the project:
"The proposed effort involves using a zinc-magnesium-oxide … Read the rest
Akeena Solar (AKNS) Receives Award For Innovation
Akeena Solar just announced that its Andalay AC solar panel system has earned the Solar Energy Industries Association Industry Innovator Award for the company. Akeena was awarded the prize based on the Andalay system’s ease of installation and increased efficiency.
In a press release, executives from the Solar Energy Industries Association and Akeena Solar commented on the award:
“Barry Cinnamon founded Akeena Solar with a goal to improve solar, and his company’s dedication to … Read the rest
Has Suntech Power (STP) Signed A 500MW Chinese Solar Deal?
I’m throwing this out there and if anyone has additional information to report feel free to post in the comments below. There was a report in the WSJ today that Suntech Power (STP) may soon sign a big 500 MW China deal. Apparently, a report by a local China media outlet was widely circulated that the Qinghai province has signed a 500 MW deal with Suntech.
Suntech spokesman Steve Chadima told Dow Jones Newswires … Read the rest