China Wind Systems (CWS) beat analyst estimates this morning posting a Q2 EPS of $0.12, vs the analyst estimate of $0.10 on revenues of $19 million vs the analyst estimate of $17.4 million. Quarter over quarter, that’s a 33% jump in EPS and a 40% increase in revenues, so a nice quarter from CWS. The company is making good progress in transforming more into a wind energy manufacturing company which now makes up 48% of … Read the rest
Category Archives: Wind Energy
Power One (PWER) Beats With Big Growth Again, Shares Up Over 15%
Power-One (PWER) continues its tear over the past year with the stock vaulting 10-fold in that time. It’s not done yet. The stock is up over 15% in after hours trading after the company beat estimates by a wide margin, posting huge quarter over quarter growth once again. They reported a Q2 EPS of .17/share, .07 better than analyst estimates on revenues of $215 million which also beat analyst estimates ($186 million). That’s a 325% … Read the rest
American Superconductor (AMSC) Beats, Guides A Bit Higher
American Superconductor (AMSC) reported Q2 results this morning with an EPS of $0.28, 4 cents better than the analyst estimate on revenues of $97.2 million, which beat estimates calling for $93.43 million. That represents a more than doubling of profits over the year ago quarter on revenues that were 32% higher than the year ago quarter. Gross margins increased 10% to 40% over the year ago quarter. Another strong quarter out of AMSC which makes … Read the rest
A-Power (APWR) Subsidiary Partners With Baoding Huide
A-Power Energy Generation Systems announced yesterday that its subsidiary, Shenyang Lucky Wind Power Equipments, has entered a partnership with Baoding Huide Wind Power Engineering. The companies will work together on production and research and development, as well as pooling resources and exploring new business opportunities together.
In a press release, Jinxiang Lu, chairman and CEO of A-Power, commented on the partnership:
“We are very excited to partner with Baoding Huide as we continue to enhance … Read the rest
Vestas Wind Systems (VWSYF) Announces Record-Setting 570MW Turbine Order
Vestas just announced that it has received its largest order ever for a single site, 570MW worth of turbines to be used in Terra-Gen’s Alta Wind Energy Center in California.
Per the agreement, Vestas is responsible for delivering and commissioning as well as 5 years worth of service and maintenance. The first 50 turbines will be delivered and brought online by the end of this calendar year, and the remaining turbines will be up and … Read the rest
Jefferies Bullish On Green Stocks: Buy JASO, YGE, TSL, ITRI, ENS, AMSC; Hold FSLR, CSIQ, SOLF, SPWRA, STP, WFR, ORA
Jesse Pichel, who was formerly at Piper Jaffray, is now at Jefferies and initiating coverage on many green stocks. Hat tip to Street Insider for the ratings.
Buy Rating:
JA Solar (JASO) – $8 price target
Yingli Green Energy (YGE) – $15 price target
Trina Solar (TSL) – $35 price target
Itron (ITRI) – $74 price target
EnerSys (ENS) – $28 price target
American Superconductor (AMSC) – $35 price target
EnerNOC (ENOC) – $38 price … Read the rest
General Electric (GE) & Venture Partners Announce $200 Million Green Energy Pledge With Ecomagination Challenge
General Electric (GE) along with some leading venture capital partners such as Kleiner Perkins, announced today a $200 million contest which seeks to accelerate the advancement of the smart grid and other green energy solutions. The “GE Ecomagination Challenge: Powering the Grid”, invites technologists, entrepreneurs and start ups to share their best ideas.
===> Click Here For Your FREE General Electric Analysis
Said GE CEO Jeff Immelt, "At GE we have invested broadly … Read the rest
Broadwind Energy (BWEN) Shares Surge On Gamesa Wind Tower Deal
Shares of Broadwind Energy (BWEN) are surging 10% in pre-market trading and will get back above the 50 day moving average after it was announced that they will supply the wind towers for projects in the US being developed by Gamesa Technology , a global manufacturer of wind turbine generators. The towers will be constructed by Broadwind’s Tower Tech subsidiary and are expected to be delivered in the 4th quarter this year. No word on … Read the rest
A-Power Energy (APWR) Misses Wall St Estimates, But Surging After Raising Guidance
A-Power Energy (APWR) missed analyst estimates on both the EPS and revenue side this morning, but is surging about 10% in pre-market trading after raising guidance for this year. The company reported a non GAAP Q1 EPS of $0.05, versus the analyst estimate of $0.22. Revenue for the quarter was $67.30 million, which compares to the estimate of $82.05 million. The non GAAP EPS number excludes significant one time gains during the quarter which include … Read the rest
American Superconductor (AMSC), Hyundai Heavy Industries To Build 5MW Offshore Wind Turbines
American Superconductor (AMSC) & Hyundai Heavy Industries announced today that they have expanded their existing joint venture relationship to include the collaboration on a 5MW wind turbine for use in offshore wind farms. Once HHI begins production near the end of next year, they will purchase the necessary electrical components from AMSC.
AMSC already licenses wind turbine designs to HHI for the 1.65MW and 2MW systems. The 1.65MW systems are currently in volume production and … Read the rest