Yingli Green Energy (YGE) reported strong earnings results this morning, smashing analyst estimates in the process. The company reported a non GAAP EPS of .57/share on revenues of $616 million vs the analyst estimate for just $.44 EPS on revenues of $545 million. That’s good for a nearly 900% increase in earnings over the year ago period and a 66% jump in revenues. If YGE’s earnings report is any indication, the solar bears continue to … Read the rest
Category Archives: Uncategorized
GT Solar (SOLR) Beats, Raises Guidance, But Shares Off
GT Solar (SOLR) has had quite a run, so it’s not too much of a surprise that shares aren’t moving after the company beat analyst estimates and raised guidance. This result was largely priced in already. The company reported an EPS of .46/share which was well above the analyst estimate of .38/share and 84% higher than the year ago quarter. Revenues also beat analyst estimates coming in at $263 million vs the estimate for $252 … Read the rest
Xcel Energy (XEL) To Repower Colorado Coal Plants At A Cost Of $1.3B
Per Reuters, Xcel Energy announced yesterday that it is planning to invest $1.3B to repower and retrofit coal plants in Colorado, in order to comply with the state’s Clean Air Clean Jobs Act. The $1.3B investment is expected to be $225 million less than the cost of retrofitting all of its Colorado plants to comply.
As part of the plan, Xcel plans to do the following:
Retire 186MW of coal-fired power at its Valmont plant … Read the rest
GSC Has A New Home
Phew! What a day, what a day… I woke up at 5:30 this morning to discover the site was down. Alison sent me an email notifying me of the outage and my server monitoring script notified me as well. When I saw it was a formatting error in the code, I knew it was going to be a LONG day. I had been hacked.
Fortunately it wasn’t all that malicious. Having been hacked a couple … Read the rest
Carnival Of The Green, Edition #200!
I’m proud to be hosting the Carnival of the Green this week. The carnival, organized by TreeHugger.com, is now in week 200! Click here for more information on the Carnival of the Green. Also, be sure to check out last week’s carnival at Reduce Your CO2 and next week’s carnival at Ooffoo.
Tyler over at Frugally Green discusses the power of the consumer in creating change and forcing corporations to be increasingly … Read the rest
George Soros Hops On The Alternative Energy Bandwagon.. To Invest More Than $1Billion
George Soros says the science of global warming is clear and that political differences need to be squashed to solve the problem right now. Well, the science isn’t all that clear Mr Soros, but kudos to you for putting your money where your mouth is. He plans to invest as much as $1 billion in alternative energy technologies and form a climate policy division called the Climate Policy Initiative which will invest an additional $10 … Read the rest
Fuel Systems Solutions (FSYS) Subsidiary IMPCO Receives EPA And CARB Approval
Fuel Systems Solutions just announced that propane and gasoline GM industrial engines produced by its subsidiary, IMPCO, have been approved by both the California Air Resources Board (CARB) and the Environmental Protection Agency (EPA).
In a press release, Peter Chase, IMPCO’s COO, described what IMPCO will be offering industrial customers in 2010″
“Our GFI brand acquisition combines the industry’s most proven industrial propane fuel injection platform with the largest independent emissions certified engine … Read the rest
Hapoalim Securities: Gloomy Days Ahead For Most Solar Stocks (FSLR, WFR, STP, SPWRA)
In a Barron’s interview this weekend, Hapoalim Securities solar analyst Gordon Johnson reiterated his bearish call on the sector due to oversupply and soft demand. He sees a supply vs demand ratio of 7.1GW:4.4GW for this year and 10.8GW:6GW for next year, so sees it getting worse, not better. When asked about the recent run in solar stocks, he attributed it to the excitement over China’s feed in tariff program and said the excitement is … Read the rest
Barrons: Barclays Warns Of Trouble Ahead In Solar Industry
According to Barrons, Barclays Vishal Shah came out with a warning today saying trouble in the solar sector is far from over and cut the sector to Neutral. Solar stocks are under pressure today on the warning, but the report out of LDK Solar last night isn’t helping either. Both of the solar ETFs (tickers TAN, KWT) are breaking back below their 50 day moving averages with heavy volume today.
The warning was issued due … Read the rest
Change To Hoku (HOKU) Polysilicon Agreement With Tianwei
Hoku just announced an amendment to its polysilicon agreement with Tianwei New Energy Wafer Co Ltd. The amendment relieves Hoku of its upcoming shipping obligations in exchange for an 8 percent reduction in the price of the polysilicon.
Instead of paying Hoku $511 million over the 10-year contract period, Tianwei will only pay $468 million. In addition, Hoku will receive a $5 million payment upfront. Hoku is having some trouble getting financing to finish its … Read the rest