Solar

Is it the unprecedented amount of media attention climate change is currently getting? Is it the State of the Union Address? Is it the price of oil? Or is it a combination of factors? In the end, it doesn't really matter; it's this time of year again and the value of the solar sector is heading north. Today was a great day for solar stocks, while the market as a whole was mainly flat. I remember this period last year very well. I was long Suntech Power and Energy Conversion Devices , acquired...

The US Congress voted on Monday December 11 to extend, by 1 year, a 30% tax credit for the solar industry. This federal incentive is essential in allowing solar to be competitive with conventional energy sources. How have investors reacted to this announcement so far? Let’s have a quick look at 5 high-profile solar stocks to see whether this news has impacted the trading patterns of solar investors. The stocks are: Suntech Power , Energy Conversion Devices , DayStar Tech , Evergreen Solar , SunPower Corp . ...

Yesterday, I came across an article about Google planning to intsall the largest corporate solar project. Here is a summary: 9,200 solar panels will be placed on six buildings at its Mountain View headquarters by next spring this will produce up to 1.6 megawatts of electricity - enough to supply 30 percent of the campus' electricity on a hot summer day a company spokesman said that concern about the environment as well as the rising price of electricity motivated the company to go solar company spokesman also made the comment: "'If we can dispel the myth along the...

Hoku Scientific, Inc. (HOKU) announced that it plans to diversify its product offerings by manufacturing and selling solar modules, in addition to manufacturing polysilicon, a key material used in the production of solar modules. Hoku anticipates that the costs to establish such facilities will be approximately $250 million, which the company will seek to fund through the issuance of debt and from potential customers' cash down payments for future supply of polysilicon and modules. Hoku will explore basing these manufacturing operations in Singapore.

Xantrex Technology Inc. (XTX.TO) will install 450 Xantrex GT Series inverters in conjunction with its SunTile solar electric panels to support the electrical needs of the homes. The solar electrical systems will offer homeowners a solution to reduce electrical costs and at the same time reduce emissions from fossil fuel electrical generation. Developers are seeing an increase in demand for renewable power solutions and are responding by seamlessly integrating solar power systems when building new homes. Home owners can now move into a new home with an established solar power solution eligible for applicable federal and state incentives,...

Worldwater Corp (WWAT) announced the signing of contracts with homeowners in New Jersey and California to build photovoltaic solar electric systems to power their residences in parallel with their present electric utility company. The contract value of the systems in New Jersey and California is $160,540.

GIRASOLAR INC (GRSR.PK) is pleased to announce its subsidiary DutchSolar BV has completed a 1MWp cells supply obligation to a major German solar industry partner. DutchSolar BV overachieved on its projected supply of 1MWp with 16% in surplus of its obligations. Supply had initially begun with delays in December 05 and was expected to take well into H2 of 2006. The revenue value now exceeds well over 3M$ and payments have been received in full. It is expected that DutchSolar will continue the supply of cells to German counterparts and further cooperation will be sought. DutchSolar BV has...

Worldwater Corp (WWAT) announced the signing of a contract with the Borough of Hightstown in Central New Jersey to build two solar power systems on water facilities, subject to financing. One installation will serve a water treatment plant and public works garage, while the other will power a wastewater treatment facility. Construction value of the complete project is $4.9 million.

SatCon Technology Corporation (SATC) nnounced the completion and delivery of the 100 kW solar inverter for the European market. The significance of this delivery is that SatCon is well positioned to participate in the largest market for solar inverters. SatCon has delivered over 17MW of commercial grade inverters over the past two years and is poised for significant growth as indicated by the pending solar projects in California on the Pacific Gas and Electric website.

Shares of XSUNX Inc. (XSNX) are currently under pressure and are currently down over 50% since the start of the month. The stock is now accelerating down this morning and the shares are currently down another 13% this morning. There was some nice support at the $1 level and the stock is currently trading down below this level. There may be many causes for this sharp decline. It could be the general market weakness is causing people to look for ways to take profits. This stock has been up more than 200% in the past year...

SatCon Technology Corporation (SATC) announced that it has received multiple purchase orders from four new customers for 13 commercial grade inverters equaling 2.3 megawatts (MW), including an order from one of the largest photovoltaic integrators in North America. In addition, a customer that has been operating a trial unit issued a follow-on purchase order for 3 commercial grade inverters totaling 0.9 MW. These photovoltaic inverters trade named PowerGate(TM) are scheduled for delivery prior to the end of the current fiscal year.

Spire Corp (SPIR) announced that Bandwidth Semiconductor LLC, its wholly owned subsidiary, now offers custom gallium arsenide (GaAs) concentrator solar cells for terrestrial applications. These GaAs-based solar cells are based on Spire's space and terrestrial solar cell technology developed over 25 years, during which record high cell efficiencies for terrestrial applications were produced. Higher efficiency means lower cost of electricity.

Spire Corp (SPIR) announced that it has completed installation and commissioning of a SPI-Line(TM) turnkey photovoltaic (PV) module assembly line for Unison Co., Ltd. (Unison) of Chonan-City, Korea. Spire's advanced PV module manufacturing equipment and process technology will enable Unison to manufacture state-of-the-art PV modules from solar cells to address the growing Korean and Asian solar PV market.

Ormat Technologies (ORA) announced that they have completed the construction of a 1 MW rated Ormat® Energy Converter (OEC) for the APS Saguaro Solar Facility. Arizona Public Service Company (APS) is Arizona's largest and longest-serving electric utility, serves more than one million customers in 11 of the state's 15 counties. The plant's process consists of the sun's energy being concentrated by parabolic mirrors in a trough formation to receivers. This concentrated solar energy heats up thermal oil, which then transfers its heat to the OEC power unit working fluid. Use of Organic Rankine Cycle technology facilitates generation...

Worldwater Corp (WWAT) announced that Saint Joseph of the Palisades High School of West New York, N.J., part of the Archdiocese of Newark, has contracted with WorldWater to purchase electrical energy for 10 years generated by a solar electric system. The solar panel array will be installed on the school's roof. Under WorldWater's Alternative Clean Energy Services (ACES) plan, St. Joseph's will not incur any start-up costs for the installation and the school will receives a 10% discount on their cost for power compared to their electric rate. The installation of the solar energy system at the school guarantees...

Worldwater Corp (WWAT) announced the signing of a contract with the Eagle Academy of Egg Harbor Township, New Jersey. The contract calls for WorldWater to provide engineering, materials and supervision to assist at-risk youths in building a solar powered water pump to supply drinking water and irrigation at a 14-acre arboretum preservation site in Egg Harbor Township. This project is being funded by a grant from the New Jersey Board of Public Utilities, which provides grants for solar energy projects in New Jersey.