American Superconductor (AMSC) reported results this morning that didn’t meet analyst expectations. While revenues doubled over the year ago quarter, gross margins increased and the company continues to narrow its losses, the company reported a loss of .15/share, missing estimates by .09 on revenues of 39.8 million (missed by one million). However, it should be noted that the losses this quarter included a one time non cash chart of .06 share, so excluding that … Read the rest
Category Archives: Wind Energy
Trinity (TRN) Smashes EPS Estimates, Up After Hours
Trinity Industries (TRN) who has a wind tower business that generates about 10% of revenues reported strong results after the bell today, posting earnings of 1.06/share which smashed estimates of .83/share. Revenues came in below estimates at 945.5 million (about 20 million below) but shares are up after hours anyway on that EPS number.
Last Sunday, Barrons said TRN could hit $48/share on demand for wind generated electricity.
Trinity’s wind-energy backlog ballooned … Read the rest
Kaydon (KDN) Beats Street But Outlook Cautious
Kaydon (KDN), the ball bearings maker (play on wind energy) posted better than expected quarterly profits on strong sales helped by growth in the wind market but its full year outlook was cautious sending the shares down more than 12% and slicing through its 200 day moving average.
The company a profit of .64/share, besting analyst estimates by a penny but growth in the wind segment was tempered by deterioration in the legacy industrial businesses. … Read the rest
U.S. Worldwide Leader In Wind Generated Energy
United States has become the world’s largest generator of wind energy.
“Our wind energy capacity is growing faster than anyplace else,”
said Randall Swisher, the executive director of the American Wind Energy Association, the national trade organization for the wind energy industry. “So it’s no longer really alternative energy. This is very mainstream.”
During the first half of 2008, the United States generated more wind energy electricity than Germany for the first time, despite … Read the rest
AeroVironment (AVAV) Downgraded to Hold
AeroVironment (AVAV) was downgraded to Hold this morning by BB&T and the stock is selling off a bit on the news but holding at key short term support around 30 (the 20 day moving average). … Read the rest
Cramer Says Thursday Will Be A Landmark Day For Wind Power
In his mad money TV show Tuesday, Cramer says “I think Thursday will be a landmark day for wind power”. Why Thursday, because coming Thursday Texas Public Utility Commission makes an important ruling that will significantly boost wind power in the state. Also at 4 cents per kilowatt, Cramer says wind energy is the cheapest form of renewable energy.
… Read the restThis proposal/ruling will create 8 renewable energy zones in the state, which will provide much
A-Power Energy (APWR) To Construct Wind Turbine Production Facility in Mongolia
A-Power Energy (APWR) has entered into an MOU agreement with Mongolia to construct a new 290,000 square foot wind turbine production facility with the capacity to produce approximately 800 MW of wind turbines each year.
"The new facility will be similar in size to the first phase of our facility recently completed in Shenyang and its strategic location will be advantageous to serve this particular part of Inner Mongolia’s wind belt. We plan to begin … Read the rest
A-Power Generations Systems (APWR) Expands Role with Fuhrlander AG
A-Power Energy Generation Systems (APWR) announced today that it has consummated a cooperation agreement with Fuhrlander AG which gives APWR the right to produce Fuhrlander’s 600KW to 2.7MW series wind turbines. Said Fuhrlander Chairman, "We are very impressed by the speed at which A-Power constructed the initial phase of its wind turbine production facility and the success they are having sourcing components. We feel that A-Power has the leadership, intellectual capital, relationships, and capital resources … Read the rest
A-Power Energy (APWR) Trading Higher on News of Completed Wind Turbine Construction
According to Street Insider, shares of A-Power (APWR) are trading more than 10% higher today on news that the company has completed construction of the first phase of its 310, 000 sq foot wind turbine production facility in Shenyang, China. CEO Lu said, "We are excited to announce the on-time completion of the first phase of our wind turbine production facility which we believe is the largest wind turbine production facility in China."… Read the rest
General Electric (GE): 4 Billion Invested in Renewable Energy
General Electric (GE) has added 3 new wind farms in upstate New York to its growing portfolio of renewable energy investments which are comprised mostly of wind projects and now total 4 billion (20% of the total). That represents a 33% increase in renewable energy investments from just 5 months ago and the company is predicting and the 50% increase by 2010.
The upstate New York investments are in a project being developed by Noble … Read the rest