Solarfun Power (SOLF) is surging 4% in premarket trading after announcing it has (had) won three contracts to supply a total of 12.65 MW in PV modules for projects in China, most of which is for a project in Xuzhou City. The 10MW for this project were already delivered last quarter and the additional 2.65MW is for a government funded project in Anhui Province which are expected to be delivered sometime this year … Read the rest
Tag Archives: china
American Superconductor (AMSC) Sells Another D-VAR Smart Grid Solution In China
American Superconductor (AMSC) is announcing it has sold a 4th D-VAR power grid system in China to Xiamen Red Phase instruments who the company also announced would be a new sales partner in southern China. It’s expected to be delivered in July. The D-VAR increases the reliability of the power grid through voltage regulation, easing congestion and preventing blackouts. It’s used in over 50 wind farms worldwide.
AMSC CEO Greg Yurek commented, “We are very … Read the rest
American Superconductor (AMSC) To Develop 5MW Wind Turbines With Dongfang Turbine For Offshore Wind Market
American Superconductor has signed a follow on order with Dongfang Turbine this morning and the companies will jointly design and develop 5MW wind turbines for the offshore wind power market. Dongfang is a top China machinery company that entered the wind turbine market 5 years ago and is currently China’s 3rd largest wind turbine manufacturer. Under a prior agreement with AMSC, the company will soon enter production of the 2.5MW turbine in the 2nd … Read the rest
A-Power Energy (APWR) Gets Exclusive 2MW Wind Turbine Licensing Deal
A-Power Energy (APWR) has announced it signed an exclusive 2MW wind turbine deal with W2E Technologies and will license W2E technology to manufacture, operate, service and sell the turbines within the US and China. APWR will have non exclusive rights to market the turbines outside of China & the US. Financials of the deal haven’t been disclosed. Traders like the news premarket and the stock is up about 4%.
::: >>> Click Here For Your … Read the rest
Tri-Tech Holding (TRIT) Gets $2 Million China Waste Water Treatment Contract
Tri-Tech (TRIT) announced this morning it received a $2 million contract to upgrade (including design, equipment procurement, installation and startup) a wastewater treatment plant in Xinle City which will improve the plant from Class 2 to Class 1A standards, churning out cleaner water in the process. Not clean enough for drinking however. Class 1A water is only good enough for irrigation and toilets! The plant, with a daily capacity of 40K metric tons, will better … Read the rest
Kandi Technologies (KNDI) Forms Electric Vehicle Partnership To Speed Adoption In China
Kandi Technologies (KNDI) is surging about 15% in premarket trading today after announcing it has formed a strategic alliance with China Potevio/CNOOC New Energy and Power (aka “Alliance For Chinese Electric Vehicle Development and Commercialization”) to speed up the commercialization and adoption of electric cars in China.
Kandi which specializes in the manufacturing of electric vehicles and other non traditional vehicles spearheaded the new alliance and has support of the government. CEO Xiaoming Hu commented, … Read the rest
China’s Renewable Energy Revolution Has Only Begun
By Sam Hopkins of GreenChipStocks.com
Get your Free Cleantech Report Today!
With 2010 just around the corner, evidence is steadily mounting that this will be the year of a Chinese clean energy boom like none we’ve ever seen.
This past Saturday — the day after Christmas — western investors as well as ones based in the Middle Kingdom all got a gift from the National People’s Congress in Beijing…
A Lump of Clean Energy … Read the rest
A123 Systems (AONE) Pushes Into Hot China Market With SAIC Motor Joint Venture
A123 Systems (AONE) is popping this morning on news it will expand its presence in the China market in a joint venture with SAIC Motor, a leading auto manufacturer in China. The two companies will co-develop complete lithium battery systems for hybrid and electric cars. The joint venture, called Shanghai Advanced Traction Battery Systems, will use the batteries in all SAIC manufactured cars and trucks and look to sell the battery to other manufacturers … Read the rest
Piper Jaffray Reiterates Overweight On American Superconductor (AMSC)
Piper Jaffray is out reiterating its Overweight rating on American Superconductor (AMSC) this morning with a price target of $45.
Hat tip to StreetInsider.com for the following analyst comment:
“We reiterate our Overweight rating on increased visibility into China wind growth. Using a sum of the parts valuation, we value the AMSC Power Systems business at $44, based on ~34x our CY2010 segment GAAP EPS estimate of $1.30 (from $1.29) a premium with the leading … Read the rest
Rino Intl (RINO) Reports Blow Out Quarter, Shares Surge Again
RINO International (RINO) reported outstanding results again this morning, smashing analyst estimates. The company reported a non GAAP EPS of .78/share which nearly doubled the analyst estimate of .47 (again, remind me what these analysts are being paid for?) That’s just about a doubling of profits over the year ago quarter. The company smashed analyst estimates on the revenue side as well posting $63 million vs the estimate of $44 million.
CEO Zou Dejun … Read the rest