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Saturday, December 22, 2007
CPST news; Capstone announces 1 megawatt microturbine system
Wednesday December 12, 5:00 am ET
CHATSWORTH, Calif.--(BUSINESS WIRE)--Capstone Turbine Corporation (www.microturbine.com) (NASDAQ:CPST - News), the world’s leading clean technology manufacturer of microturbine energy systems announced today the C1000, the world’s first megawatt microturbine solution.
The new robust megawatt power systems, based on Capstone’s C200 microturbine product line, can be configured into 1,000 kW, 800 kW and 600 kW solutions in a single 28-foot-long ISO container. Other benefits include:
- Low greenhouse-gas emissions
- Patented air-bearing microturbine technology
- Easy to install and commission -- single fuel and electrical connection
- Minimal scheduled maintenance and downtime
- Low noise and vibration
- One of the industry’s smallest modular footprints
Additional features include Capstone’s remote monitoring and diagnostic capabilities, and integrated utility synchronization and protection. Comprehensive Factory Protection Plans are available.
“This is another important technical achievement for Capstone as we will be able to effectively compete in megawatt scale projects and therefore double our addressable market,” said Jim Crouse, Capstone Turbine Corporation’s Executive Vice President of Sales and Marketing.
“The C1000 platform applies the same dependable technology found in our proven 30kW and 65kW products,” said Darren Jamison, Capstone’s President and Chief Executive Officer. “We believe the C1000 will be well received in the United States and abroad and reinforce our commitment to provide customers one of the most environmentally friendly distributed generation products available.”
Every installed C1000 Capstone MicroTurbine solution is equivalent to removing up to 700 average U.S. passenger vehicles from the road, based on EPA emissions and efficiency data for the average US power plant and average passenger vehicle, or the equivalent of 730 acres of pine and fir forest, based on CO2 reductions.
About Capstone Turbine
Capstone Turbine Corporation (www.microturbine.com) (NASDAQ:CPST - News) is the world's leading producer of low-emission microturbine systems, and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped over 4,000 Capstone MicroTurbine® systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine is a member of the U.S. Environmental Protection Agency’s Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation’s energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2000 certified company; Capstone Turbine is headquartered in the Los Angeles area with sales and/or service centers in New York, Mexico City, Milan, Nottingham, Shanghai and Tokyo.
“Capstone Turbine Corporation” and “Capstone MicroTurbine” are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the benefits of our new C1000 product and new sales opportunities for Capstone globally for the new C1000 product. Forward-looking statements may be identified by words such as "expects," "objective," "intend," "targeted," "plan" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties described in Capstone's filings with the Securities and Exchange Commission that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
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Friday, December 21, 2007
LDK Solar revenue up 60%, profit up 40%; conference call audio avail til 24dec07
LDK Solar Reports Financial Results for the Third Quarter 2007
Xinyu City, China and Sunnyvale, California, December 19, 2007 – LDK Solar Co., Ltd. (NYSE:LDK), a leading manufacturer of multicrystalline solar wafers, today reported its unaudited financial results for the third quarter ended September 30, 2007.
All financial results are reported on a U.S. GAAP basis.
Third Quarter 2007 Financial Highlights:
* Revenue of $158.7 million, up 60% quarter-over-quarter
* Gross profit of $48.9 million, up 40% quarter-over-quarter
* Net income of $41.6 million, or $0.37 per diluted ADS, up 45% quarter-over-quarter
* Signed four long-term wafer supply agreements during the third quarter
* Total wafer shipments increased 49% sequentially to 78.9MW in the third quarter
Net sales for the third quarter of fiscal 2007 were $158.7 million, up 60.2% sequentially from $99.1 million for the second quarter of fiscal 2007, and up 404.7% year-over-year from $31.5 million for the third quarter of fiscal 2006.
Gross profit for the third quarter of fiscal 2007 was $48.9 million, up 40.2% sequentially from $34.9 million for the second quarter of fiscal 2007, and up 295.1% year-over-year from $12.4 million for the third quarter of fiscal 2006.Gross margin for the third quarter of fiscal 2007 was 30.8% compared with 35.2% in the second quarter of fiscal 2007 and 39.4% in the third quarter of fiscal 2006.
Net income for the third quarter of fiscal 2007 was $41.6 million, or $0.37 per diluted ADS, compared to net income of $28.7 million, or $0.29 per diluted ADS for the second quarter of fiscal 2007, and $5.0 million, or $0.04 per diluted ADS for the third quarter of fiscal 2006.
The Company ended the third quarter of fiscal 2007 with $125.9 million in cash and cash equivalents.
“We are pleased to report strong results for the third quarter, following a positive outcome of the independent inventory review,” stated Xiaofeng Peng, Chairman and CEO of LDK Solar.“With the inventory investigation behind us, we have returned our focus to growing our business.During the third quarter we experienced continued robust demand for our wafers and made great strides in expanding our customer base.We signed four long-term wafer supply contracts during the third quarter and five more since the quarter closed. We view these agreements as a testament to the quality of our products.
“We remain on track to meet our wafer production capacity goal of 400MW by the end of 2007. Additionally, the construction of our polysilicon plant is tracking with our original plan.In addition to the anticipated cost efficiencies we expect to achieve upon completion of our polysilicon plant, we are continuing cost reduction efforts through further advancements of our product processes,” concluded Mr. Peng.
Business Outlook
The following statements are based upon management's current expectations. These statements are forward-looking, and actual results may differ materially. The Company undertakes no obligation to update these statements.
For the fourth quarter of fiscal 2007, LDK estimates revenue to be in the range of $180 to $185 million for wafer shipments of 87 to 92MW.The Company also estimates fully diluted earnings per ADS to be in the range of $0.40 to $0.43.
Conference Call Details
The LDK Third Quarter teleconference and webcast is scheduled to begin at 6:00 p.m. Eastern Time (ET), on Wednesday, December 19, 2007. To listen to the live conference call, please dial 800-366-7449 (within U.S.) or 303-262-2193 (outside U.S.) at 5:50 p.m. ET on December 19, 2007. An audio replay of the call will be available to investors through December 24, 2007, by dialing 800-405-2236 (within U.S.) or 303-590-3000 (outside U.S.) and entering the passcode 11104747##.
A live webcast of the call will be available on the company's investor relations website at investor.ldksolar.com.
Saturday, December 8, 2007
Lazard likes the big FSLR and the lil CPST
Analyst Sanjay Shrestha of Lazard Capital Markets is sticking with his Buy ratings this morning on shares of First Solar (NASDAQ:FSLR) and Capstone Turbine (NASDAQ:CPST).
On First Solar (NASDAQ:FSLR):
* We maintain our BUY rating on First Solar shares following the company's analyst day and tour of the company's Perrysburg, Ohio, manufacturing facility.... elaborated on its overall strategy to garner leading and defendable market share in the mainstream electric power generating market, without subsidy, while maintaining a superior return on capital through people, processes, technological leadership, scale, strong financial discipline, and risk control..... reiterated its cost-reduction goal of achieving module ASP of $1-$1.25/watt by 2010-2012.
* Shrestha adds, "We believe this strategy will allow First Solar to successfully migrate from subsidized markets, to renewable energy markets, to mainstream electric power markets over the next several years.... We are raising our price target to $250 from $225. Our new target equates to a 40x multiple on our 2010E EPS of $7.25 (up from $6.50), discounted back 15% for one year.
On Capstone Turbine (NASDAQ: CPST):
* Interestingly enough, an approval for microturbine technology to become a standard in New York is the basis for todays call. Mayor Michael Bloomberg announced a new rule setting the country's first standard for use and installation of microturbine systems in residential and commercial buildings. The rule creates a standard protocol for microturbine installation in NYC...
* Shrestha notes, "Given Capstone's UL certification and strong presence in Northeast market, we would look for increasing order traction; however, we note that sales cycles for distributed generation solutions remain lumpy/lengthy.... We maintain our $2.50 price target, which reflects a 25x multiple on our 2012 EPS estimate of $0.20 discounted back at 25% for three years. We maintain our $2.50 price target, which reflects a 25x multiple on our 2012 EPS estimate of $0.20 discounted back at 25% for three years."
We recently noted in our own "10 Stocks Under $10 Newsletter" how after we reviewed Capstone Turbine (NASDAQ:CPST) that we felt his call for a double in the shares could be greatly understated if you track alternative energy and historical stock prices compared to modern and past valuations.
* Capstone Turbine (NASDAQ: CPST) shares are up 6% at $1.22 today; 52-week trading range is $0.75 to $1.48 (stock was above $5.00 in 2005 and traded well over $50.00 back in 2000); market cap $177.5 million.
* First Solar (NASDAQ: FSLR) shares are up over 4% more today at $223.85; 52-week trading range is $26.40 to $252.39; market cap now $17.4 Billion.
Jon C. Ogg
December 5, 2007
http://www.247wallst.com/2007/12/lazard-more-bul.html
Saturday, November 17, 2007
Global Directory of Sustainable Power / Renewable Energy Sites
Renewable Power and Sustainable Energy Web Links
solar energy / windpower info from http://www.appro.org
- The Canadian Association for Renewable Energies (CARE) an authoritative source of news on the renewable energy industry in Canada
- The US "Interstate Renewable Energy Council"
- The Green Energy Website is a service with information on how to buy green energy services. Alternate link for the Green Energy Website
- World-wide Information System for Renewable Energy (WIRE)
- Ontario Pilot Emission Reduction Trading (PERT) Website
- National Center for Appropriate Technology
- RETSCREEN (TM) Software for assessing feasibility of renewable energy products, distributed by the Government of Canada, free-of-charge.
- CANMET Energy Diversification Research Laboratory R&D includes photovoltaics, remote community energy systems, heat pumps, heat storage, industrial drying as well as energy systems analysis and modelling.
- Ontario Legislative Committee on Ontario Hydro website
- British Columbia's Electricity Task Force
- Natural Life Website's Alternative Energy Resources
- The Macdonald Committee Report on competition in Ontario's electricity sector
- Renewable Electric Plant Information System Information about utility grid-connected bioenergy, geothermal, hydroelectric, photovoltaic, solar thermal, and wind energy generation facilities throughout the United States is contained in the DOE Office of Utility Technologies' Renewable Electric Plant Information System (REPiS) database.
- Energy Efficient Housing in Canada
And, for other links on energy systems in buildings, Click here for "other sources"
Or, advancedbuildings.org This site is a building professional's guide to over 60 environmentally responsible technologies and materials for use in commercial/industrial buildings. It covers topics such as phot`foltaics, daylighting, water conservation, embodied energy, waste managment, septic treatment, and more. For more information, e-mail: dcarpenter@grandconnections.com - Canada's Office of Energy Efficiency operates an annual program of Energy Efficiency Awards
- The International Institute for Sustainable Development based in Winnipeg. They provide a Sourcebase, or List of Information Sources on Sustainable Development and a List of WWW sites on Sustainable Development
- CREST's online renewable energy education system
- The US Department of Energy's (DOE's) Energy efficiency pages at the Energy Efficiency and Renewable Energy Network (EREN). A site maintained by U.S. Department of Energy Office of Scientific and Technical Information is found at http://www.doe.gov/.
- The Energy Efficiency and Renewable Energy Network (EREN) Main Pages of the National Renewable Energy Laboratory, probably the most comprehensive and up-to-date site of its type.
- You may find it easier to use EREN's alphabetically organized links page
- The Alberta Renewable Energy Test Site based in Calgary.
- The Grassroots Support for Clean Energy Site has loads of information on why we need renewables, and how to make your views known to influential politicians, links to companies and organizations, etc. etc.
- Who's Who in Renewable Energy
- The Sustainability Net run by a Chicago-based NGO called CASX
- EnerNet indexes all kinds of energy business information and has News site devoted to conservation and renewable energy
- Green Power Network is billed as "... a clearinghouse of information on electric power industry green marketing efforts," the Greenpower Network offers general information on the concept, summaries of marketing activities among 23 utility companies, access to a library of literature on the topic, links to other related information sources, market research data, descriptions of international efforts, and a green marketing discussion group.
- The Power Pool of Alberta
- Ontario's Independent Electricity Market Operator
- Energy Probe's Web Site has all sorts of interesting data and links.
- Ontario Power Generation Inc.
- Ontario Hydro Services Company
(These two links above represent the two primary successor companies to the former Ontario Hydro, which ceased to exist as a single company on April 1, 1999) - The Electricity Distributors Association
- The Association of Major Power Consumers In Ontario (AMPCO) home page
- The Power Workers Union also has a WWW site
- ONGA, the Ontario Natural Gas Association
- Friends of the Earth (Canada)
- Canadian Electricity Forum Magazine
- European Media Marketing Ltd. is a media marketing company involved in the promotion of renewable energy, and their main business is the organisation of the largest renewable energy event in the World, The World Sustainable Energy Fair. They also publish the sustainable energy industry Journal.
- U.S. EPA web site - renewable energy devoted to examining climate change as it relates to the business/renewable industry sector.
- The Energy Group at Reading University includes details of an M.Sc. course on "Renewable Energy and the Environment" as well as a series of short (two week) courses on Solar Energy, Wind Energy, Micro-Hydro Power and Biomass Energy.
- International Network for Sustainable Energy
- The Earth Council's "Network for Sustainable Development"
- A plethora of online resources are available at Planet-Friendly's Link Pages on "The Blackout, Energy & You"
There is also the: Canada Energy Industry End-Use Data and Analysis Centre, or the Energy Research Group, Simon Fraser University Home Page and their Energy Research Group home page
The Centre for Alternative Technology in Wales is one of the longest established resource centres on alternative power generation.
In addition, Eco Net's Renewable Energy Pagehas some useful resources
The Kortright Centre's Website features a Renewable Energy Information Site
Clean Energy is a world-wide WWW directory of clean energy companies and services
GreenWare Environmental Systems Inc. has a website with related information
For an excellent page of links to environmental, energy, sustainable development and related sites, try ICLEI's links page
Home Power Magazine has a page of renewable energy WWW links
The World Directory of Renewable Energy Suppliers and Services
Summary Table of Public Benefit Programs and Electric Utility Restructuring
The Grid Company of Alberta
The Globe Resource Centre bills itself as "the most complete and up-to-date source for environmental business intelligence on the Internet. "
Delft University's Clean Technology Institute Web Site ("Interduct")
The UN Sustainable Energy and Environment Division has a directory and newsletter on line
Jens Staeck's web site contains many links concerning renewable energy, in several languages, mostly German.
The Sustainability Project has some interesting papers and ideas
Sustainable Minnesota Newsletter
The Canadian Global Change Program
Global Change Global Change - Electronic Edition seeks to educate the Web browsing public on climate change and ozone depletion issues.
Then Environmental Web Directory contains a search engine specific to environmental themes
Engineered Systems Inc.
New Zealand Energy Efficiency and Conservation Authority The Energy Efficiency and Conservation Authority (EECA) provides policy advice to the New Zealand Government, contributes to the creation of energy efficiency legislation, gathers statistics, runs seminars, and initiates public education projects and programs. Come to this Web site to learn more about EECA's projects and capabilities and to send e-mail to EECA staff members. See also its newsletter at Energy-Wise News
Hemispheric Experiences in Energy Efficiency and Renewable Energy The Hemispheric Energy Symposium, held in October 1995, was a follow-up to the Summit of the Americas. During both meetings, the need for participating countries to exchange information on the application of energy efficiency and renewable energy technologies was recognized as a way to ensure their continued proliferation.
The Sustainable Communities Network from Nova Scotia
More websites on sustainability
The Union of Concerned Scientists' Energy Pages contain lots of useful information.
Helinet's Canadian Environmental Resource Directory looks promising
Dave Rezachek's Page has a lot of interesting material on renewable energy, utility integration of renewables, energy economics, and other subjects.
Eco Expo produces a three day conference and trade show aimed at marketing environmental products, services and technolgy to government and private companies.
The Envirolink Organization claims to be "the largest online environmental information resource on the planet. "
Sustainable Business.com Sustainable Business.com is a focal point on the Web for all environmental business sectors, from recycling to green building, from renewable energy to organic products, from social investing to certified forestry. Read the "Sustainable Business Insider" magazine, post Business Opportunities, find a Green Dream Job, use the comprehensive Links Library.
The Paperless Environmental Journal, Greendisk hosted by the Institute for Global Communications, allows visitors to browse a review issues of the journal, see sample listings from the Guide to Environmental Computing v1.2 and explore eBase v5.1 (an 8500 page keyword-searchable environmental encyclopedia).
The Conservation Information Co-operative is a focal point of conservation and stewardship information for landowners, university faculty, students, government, non-governmental organizations, and others concerned about environmental issues.
IndEco does all sorts of work on industrial ecology, environmental accounting and strategic management issues. IndEco's links page is also interesting
The Sustainable Development Resources Database
Nordlicht (Northern Lights) is a public campaign for climate protection by energy saving and traffic reduction.
Midwest Renewable Energy Association provides education and demonstration, on the application of renewable energy and energy efficiency technologies.
The World Bank's site on power projects, rural development and related issues
APP-TECH Inc.APP-TECH's home page features descriptions of it energy consultation, design, and engineering services, includining solar site feasibility assessments.
Iowa Energy CenterThe Iowa Energy Center (IEC) conducts and sponsors research on the use of energy-efficient and renewable energy technologies. Consequently, the IEC Web site contains electronic copies of some of its "Home Series" publications for energy conscious consumers; offers information about the Office's mission, staff, and scheduled events; yields descriptions of its research grant initiatives, loan programs, and facilities; and establishes links to other related sites.
Massachusetts Division of Energy Resources Descriptions of grants, legislation filed to deregulate the electric utility industry in Massachusetts, and case studies of wind power and landfill gas installations are included on the Division of Energy Resources (DOER) Web server.
The Canadian Environment Industry Association (Ontario Chapter) website
The Renewable Energy Policy Project at the University of Maryland, seeks to accelerate the use of renewable technology through policy research and advocacy.
The Ontario Round table on Environment and Economy (ORTEE) is set up to foster sustainable development within the province.
The Institute for Research on Environment and Economy's new web site highlights the four research projects at the Institute.
International Economic Platform for Renewable Energies While the content of this site is presented entirely in German, links to the various sections are also available in English. It includes business contacts, resource assessment materials, installation regulations, information source listings, job postings, links to related organizational and institutional Web sites, and guidelines for financing, planning, installing, and operating renewable energy (wind, solar thermal, biomass, and photovoltaic) power plants.
on-line discussions on Science and Technology for Development organized by the U.S. National Academy of Sciences and hosted by The World Bank, through its TechNet Initiative, and the Carnegie Corporation. In advance of the in-person conference in Toronto, TechNet is holding four virtual conferences via the Internet -- called Think Tanks. The Think Tanks will focus on the themes of: Small and Medium Enterprise Development, Environment, Health and Agriculture.
"Empowerment Resources for Personal Growth, Social Change, and Ecology"
Biomass and Geothermal Web links
Biomass / Biofuels
DOE/USDA Biomass Power for Rural Development Initiative. Chariton Valley, Iowa • Switchgrass Biomass Power Cooperative Research and Development Agreement...
http://www.etde.org/html/doe/whatsnew/factshet/fsl96038.html - size 7K - 07-Oct-96
U.S. SECRETARY OF ENERGY O'LEARY ANNOUNCES FUNDING FOR NEW YORK-BASED BIOMASS ENERGY PROJECT. Dr. Edwin White joins U.S. Secretary of Energy Hazel O'Leary..
http://149.11 9.1.26/usdoe/usdoesalix.html - size 10K - 23-Sep-96
ACTIVITIES AND ACTIVITY LEADERS Task XII - Biomass Production, Harvesting and Supply. Operating Agent: L. Zsuffa University of Toronto, Canada. Assistant...
http://syssrv9.nrel.gov/business/international/documents/taskxii.html - size 2K - 11-Dec-95
Biomass - Terminology. Navigational Help. ANAEROBIC DIGESTION Biological degradaion of organic matter in the absense of oxygen. ARISINGS Quatitity of....
http://nmrc. ucc.ie/rems/biomass/bmterm.htm - size 2K - 02-Jan-96
Centre of Biomass Technology publishes its reports and other literature. Some of it is available for free and a small fee is taken for others. For....
http://www.sp.dk/~cb t/literatu.htm - size 13K - 24-Sep-96
back to renewables | rat haus. Biomass Resources for Energy and Industry. by Lynn and Judy Osburn © 1993. The point where the cost of producing....
http://w ww.ratical.com/renewables/biomass.html - size 48K - 17-Nov-96
9. BIOMASS BURNING AND THE PRODUCTION OF GREENHOUSE GASES. Joel S. Levine. Atmospheric Sciences Division NASA Langley Research Center Hampton, Virginia.....
http://asd-www.larc.nasa.gov/biomass_burn/biomass.html - size 52K - 29-Jan-97
BIOMASS POWER INDUSTRY. ASSESSMENT OF KEY PLAYERS AND APPROACHES FOR DOE AND INDUSTRY INTERACTION. FINAL REPORT. July 1, 1993. Department of Energy Office..
http://w ww.eren.doe.gov/biopower/overview.html - size 12K - 26-Sep-96
BIOMASS POWER INDUSTRY. ASSESSMENT OF KEY PLAYERS AND APPROACHES FOR DOE AND INDUSTRY INTERACTION. FINAL REPORT. July 1, 1993. Department of Energy Office..
http://www.eren.doe.gov/biopower/acknowledgements.html - size 2K - 26-Sep-96
Co-generation technology and Geothermal energy
- The International Cogeneration Alliance
- the CHP Web site on EREN
- www.Cogeneration.net
- Power Plus Electric has all kinds of services of interest to cogenerators, including an "auction block" on the net for used and low-cost equipment.
- Caterpillar Power Systems
- The "Cogeneration.com" Pages maintained by Turbine Systems Engineering
- World Cogeneration Magazine
- Sustainable Minnesota's Cogeneration Information Index Page has lots of news.
- Eco-Tec is a company active in co-generation, with a thirty year history in the design/manufacture of integrated water purification systems. Its patented ion exchange process minimizes chemical use and waste in power generation and steam production.
- Cogeneration Association of New Zealand
- The International District Energy Association at the University of Rochester History Department.
- The Canadian Government CADDET cogen analysis reports
- The Busch Cogeneration Facility
- COBRA! The Association of Cogeneration, Boiler and refrigeration Professionals
- The Training Center / Boiler Licenses Unlimited (Vocational school for Cogen and central heating facilities)
- Magrath Cogeneration
- BPS In addition to providing O&M Services BPS consults on construction operation and maintenance of Cogeneration facilites internationally. Website has a summary of cogeneration, and a data entry page for prospective hosts.
- http://www.turbines.com/ and http://www.turboblades.com/ and http://www.usedturbines.com/ are commercial sites for locating cogeneration equipment
- Genergy Power manufactures an extremely efficient (approx. 43% efficient without cogen), low-emission (NOx is 15 ppm and CO is 9.3 ppm) natural gas-fueled generator and/or cogen set for the world market.
- a business opportunity document for members of the Clean Coal Combustion Network and other interested parties to respond to. Generators and prospective generators might be interested in this new technique of converting low-grade waste heat to electricity [pyroelectric process recently patented by NRCan).
- Sunpower, Inc.
Small Hydro power companies
Solar Energy Websites and Blogs
Windpower Links, Wind Energy Companies
Energy Efficiency Websites and Links
Fuel Cells
Alternative Energy Links, Renewable Power websites and blogs, clean energy funds, green power websites and blogs, clean fuel technologies
Solar Energy Stocks showing extraordinary exuberance
NEW YORK — Solar-product stocks continued to gain Thursday on strong earnings reports from Canadian Solar Inc. and Suntech Power Holdings Co. and an update from LDK Solar Co. on its polysilicon inventories investigation.
Canadian Solar shares led the rally, posting a gain of $1.97, or 13.6 percent, to $16.50 in morning trading. Its shares have risen by 48.4 percent this week, driven by a sharp rise in third-quarter profit reported Wednesday. Analysts had been expecting the company to post a loss.
Suntech shares gained $6.07, or 9.8 percent, to $67.76. The company said "robust demand" caused a 43.8 percent rise in third-quarter profit. Suntech pushed up its 1 gigawatt production capacity target to the end of 2008, two years earlier than it previously targeted.
The company earlier set a production capacity target of 600 megawatts by the end of 2008 and expected to reach the 1 gigawatt target by the end of 2010. A one-megawatt power plant running continuously at full capacity can power 778 households each year, according to the Department of Energy. Solar technologies have lower capacity factors because their availability to generate power is constrained by availability of the sun.
LDK shares also rose sharply after the company said it expects to report in December results from its investigation into whether it misstated polysilicon inventories. The Securities and Exchange Commission and New York Stock Exchange are also investigating its inventories. It will issue its delayed third-quarter earnings "shortly thereafter" and said its business "remains strong" despite the probes.
Among other gainers were JA Solar Holdings Co., which rose $2.57, or 4.9 percent, to $55.28; Trina Solar Ltd., which rose $2.18, or 4.3 percent to $52.90; and Yingli Green Energy Holding Co., which rose $1.17, or 3.8 percent, to $31.90.
Sunday, September 23, 2007
Alternative Energy Stocks provide years of upside
from http://www.altenergystocks.com/
On Wednesday, Energy Tech Stocks gave us the heads up on a recent warning by Raymond James & Associate about declining oil production. Interesting to see a thesis that was derided as pure fantasy as recently as two years ago slowly creeping up into the mainstream.
On Thursday, Sam Abuelsamid at Autoblog Green opined that CO2 regulations in Europe could place the balance of power on the auto parts suppliers' side in the fight for profit margins. We have noted in the past how some of the most interesting (and 'safest') clean car investment opportunities rested with parts manufacturers. Besides CO2 regulations in Europe, tightening fuel efficiency standards the world over should help parts manufacturers do well relative to car makers.
On Thursday, Andrea Quong at Red Herring informed us that VCs were striking out for greener pastures. It is always interesting to know where cleantech venture capitalists are turning their attention to.
On Thursday, Biopact reported on China's latest alternative energy plans. Of course the caveat with this grand scheme is that half of the proposed US$265 billion will go toward large hydro, which tends to receive mixed reviews from just about everyone. Nevertheless, US$133 billion in investments in biofuels, bioenergy, wind and other forms of alternative energy, not to mention pollution control, will create very interesting opportunities for a variety of different companies.
On Friday, Rob Day, formerly of Cleantech Investing and now with Greentech Media, outlined for us the main barriers to adoption of energy efficiency applications in commercial buildings. An interesting piece that partly explains why, despite seemingly compelling economics, energy efficiency technologies such as smart metering aren't taking off as fast as could be expected.
On Friday, Jim Fraser at The Energy Blog reported on a small Icelandic bank's big bet on geothermal. Geothermal tends to fade in and out of the alternative energy newswire, yet it may be one of the most compelling alternative energy investment stories out there. I haven't read the report but I trust that it is packed with very useful information for the would-be geothermal investor.
The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!
Posted by Charles Morand
Search Alternative Energy Investing Websites
WARNING: Investing in common equity of public companies is a high risk, high potential reward activity. Owning investments in individual alternative energy companies is for high risk investors only, and medium risk investors should consider green mutual funds, clean energy funds, renewable power index funds and other sector plays. Even then, these should be owned as part of a widely diversified portfolio. There is a gathering mania for investing in publicly-traded alternative energy companies, similar to the computer, technology, internet and banking / real estate booms of the past two decades. There will be some nasty corrections along the way, and some years from now when they come crashing down en masse, the world will still benefit from all the amazingly advanced clean and efficient energy technology created during the bull run. (Above note re-written March 2009 as my earlier prediction of a market top and a crash in the sector starting in August '09 was hastened by the credit markets collapse and began in August 2008, before the bubble had fully formed. Of all the sectors in the equity markets, clean energy has the best prospects to assume market leadership and public favour; we are bouncing aong the bottom still, and those who have followed our guidance to begin including (in a judiciously blended portfolio of cash, bonds, stocks and yes, um... real estate) green energy investment funds dollar-cost-averaging programs in Winter and Spring of 2009 are well positioned for longterm capital growth.)
Search for renewable energy investing info, find renewable energy investments, clean power mutual funds, wind systems for home, farm, business and cottages, home power generators, photovoltaic solar panels, publicly-listed windpower companies, alternative energy investing, biomass / biofuels research, renewable energy mutual funds, green investments.
