American Superconductor (AMSC) is up just a bit this morning after reporting a smaller loss than expected. The company reported a loss of .18/share (matches the year ago quarter) in the quarter vs estimates of a .20/share loss on revenues that were slightly higher than expected at 41.3 million (a 27% increase over the year ago quarters). Not exactly a great quarter but not awful either.
The company attributed the year-over-year reduction in gross margin … Read the rest
Vestas Wind Systems has received a wind turbine order from Parco Eolico Ordona, an Italian subsidiary of Inergia. Under the terms of the agreement, Vestas will deliver and install 13 units of its V90 2MW wind turbine and its VestasOnline Business supervisory control and data acquisition system. Vestas will also provide a 5-year service and availability agreement on the turbines.
The turbines will be used to create a wind power plant near the Italian town … Read the rest
Zoltek Corporation just announced that the U. S. Court of Federal Claims has ruled in their favor in their carbon fiber patent litigation against Lockheed Martin, and will allow the company to pursue its patent claims against Lockheed Martin in Atlanta’s Federal District Court.
Zsolt Rumy, Zoltek’s Chairman and CEO, had this to say about the case:
… Read the rest“We are pleased that the Court of Federal Claims ruled in our favor and cleared the way for
FPL Group (FPL), called the Wal Mart of Wind by Barron’s and the largest producer of wind and solar energy in the US, reported earnings this morning that topped analyst estimates at .90/share and represents 25% growth over the year ago quarter on revenue growth of 9%. All in all, a very good quarter in a tough environment. The company remains comfortable with expectations for 2009 and 2010 with EPS guidance of $4.05 – $4.25 … Read the rest
Vestas Wind Systems has announced it will invest $350 million in its Tianjin, China subsidiary. This investment will position the company to meet China’s increasing hunger for wind energy. Vestas has received several large orders from China in the past month and in the past year. As CleanTech Group LLC notes, investing in its Chinese subsidiary is smart because China is such an important and growing market for wind power:
… Read the restChina is a significant market
I know, I know. .another top 10 list. But this one’s a bit different. It’s called a Top 10 list but I’m only including 5 (how’s that for daring and different eh?) of the top green energy stocks based purely on technicals because I can’t find 10 with great technicals! I’ll include another 5 if this market gets going again.
Drum roll please…
Coming it at the top spot is a stock I’ve been highlighting … Read the rest
AltEnergyStocks has posted some highlights of the Obama inauguration speech focused on renewable energies and infrastructure:
“each day brings further evidence that the ways we use energy strengthen our adversaries and threaten our planet.”
“We will build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together.” (Emphasis ours)
“We will harness the sun and the winds and the soil to fuel our cars and run our … Read the rest
American Superconductor Corporation just announced that is received a large order from China’s CSR Zhuzhou Electric Locomotive Research Institute Co., Ltd. The multi-million dollar order is for 100 sets of AMSC’s wind turbine core electrical components such as the PowerModule(TM) PM3000W. The components, which should be shipped out by the end of this year, will be used in 1.65 MW wind turbines designed by AMS Windtec.
Greg Yurek, AMSC’s CEO, commented on the order in … Read the rest
Xcel Energy has chosen NextEra Energy Resources to build its planned Northern Colorado Wind Facility. If the 152 MW project is approved by Colorado regulators, it’s scheduled to be producing power by the end of this year.
From the Denver Business Journal,
here are more details about the contract:
… Read the restThe 25-year contract between Xcel and NextEra calls for Xcel paying $50 per megawatt hour of energy produced during the farm’s first year of operation —
American Superconductor (AMSC) is releasing preliminary earnings results this evening and they aren’t pretty. The company’s revenue estimates are about in line with analyst estimates at around 41 million, but the company is expecting larger losses for the quarter due to estimated cost overruns on its turnkey SVC projects, higher Windtec engineering costs, charges for excess inventory and unfavorable exchange rates. Excuses, excuses, excuses. Yep, it was a poorly executed quarter all the way around … Read the rest