Schneider Power, which is a subsidiary of Quantum Fuel Systems (QTWW), announced it has signed a 20 year power purchase agreement with the Ontario Power Authority for wind energy produced by a new wind farm it’s developing in northern Ontario, Canada. The 10MW Trout Creek Wind Project is expected to be up and running within two years and create more than 40 jobs during the construction phase. It’s one of the first agreements to be … Read the rest
Category Archives: Wind Energy
American Superconductor Corporation (AMSC) Expands Partnership With Sinovel
AMSC just announced that it will be expanding its strategic partnership with Sinovel. As part of the expanded partnership, the two companies will work together to develop new advanced, multi-megawatt-scale onshore and offshore wind turbine designs.
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Sinovel will then sell the turbines, purchasing core electrical components for them from AMSC.
In a press release, Greg Yurek, founder and chief executive officer of AMSC, commented on … Read the rest
Analyst Rating Roundup: LDK, RINO, AMSC
A few analyst ratings/notes to highlight this morning.
The biggest was the two notch upgrade of LDK Solar (LDK) by Bank of America from Underperform to Buy due to lower risks of oversupply. Following the LDK Solar earnings report, I mentioned that I thought the stock offered a very compelling entry down at these levels and has the potential to double or triple if you’re patient. I still believe that. Shares of LDK gapped … Read the rest
American Superconductor Corporation (AMSC) Celebrates $445 Million Sinovel Order
American Superconductor Corporation has just announced the signing of a multi-year agreement with Sinovel worth $445 million. Per the new 30-month contract, AMSC will begin shipping core turbine electrical components early next year, when the company’s current contract with Sinovel expires.
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In a press release, Greg Yurek, founder and chief executive officer of AMSC, commented on the order:
We are proud to extend our strategic … Read the rest
American Superconductor (AMSC) Beats, Guides In Line, Shares Surge
American Superconductor (AMSC) reported strong growth again last quarter and beat analyst estimates in the process, by reporting a non GAAP EPS of .18/share which was .02 better than estimates. Revenues were a bit higher than estimates as well at $87.6 million.
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CEO Greg Yurek commented on the year ahead:
“Entering fiscal 2010, we have approximately 90 percent of our forecasted revenues in backlog, which gives … Read the rest
China Wind Systems (CWS) Expects To Double Profits, Shares Soar 25%
China Wind Systems (CWS) which supplies components to wind turbine companies in China is out with strong guidance this morning and the stock is popping 25% as a result.
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The company sees FY10 revenues in the range of $76 – $85, representing about a 50% increase over 2009. The company sees non GAAP earnings between $15.5 – $16.3 million which is about double over last … Read the rest
Zoltek (ZOLT) Misses Again, But Still Sees Strong 2nd Half
Zoltek Companies (ZOLT) has made it a habit to miss Wall St estimates and they did it again this quarter as the company continues to have trouble turning it around. The stock has been improving significantly technically in the past couple months leading many to believe (including myself), that the company might report decent results this time around. Nada. They reported another healthy loss of .14/share which was significantly worse than the .06/share loss analysts … Read the rest
Google (GOOG) Invests $38.8 Million In 2 Of NextEra Energy Resources’ (FPL) North Dakota Wind Farms
Google just announced that it is investing, via tax equity investments, $38.8 million in 2 wind farms in North Dakota: Ashtabula 2, a 120 MW facility and Wilton Wind 2, a 49.5 MW facility. The wind farms were developed by NextEra Energy Resources, a subsidiary of FPL Group.
In a blog post, Rick Needham, Google’s Green Business Operations Manager explained the investment:
“Smart capital includes not only these early-stage company investments, but also dedicated … Read the rest
FPL Group (FPL) Beats On EPS, Light In Revenue; Reaffirms Guidance
FPL Group (FPL) reported results that were about flat over the year ago quarter. They beat on the EPS side by .07, reporting .94/share, but revenues were a bit lighter than what analysts expected at $3.58 billion. All in all, a ho hum quarter and traders are selling the stock a bit today after the stock ran up over 10% in the past two months. Increased demand for electricity at Florida Power & Light due … Read the rest
A-Power Energy (APWR) Celebrating Final Development Phase Of Texas Wind Farm, But Files $100 Million Mixed Shelf
A-Power Energy (APWR) is jumping about 5% in pre-market trading on news it will celebrate the final development phase of the big Texas wind farm its working on with US Renewable Energy and Cielo Wind. A ribbon cutting ceremony will take place next Tuesday in Las Vegas with a press conference to follow. The company is currently look for a manufacturing site in Nevada to build wind turbines for this project and others in the … Read the rest