Solar Integrated Technologies and GE Commercial Finance Energy Financial Services Team Up to Finance...
Energy Conversion Devices Inc (ENER) announced that Solar Integrated Technologies (SIT), a Los Angeles-based manufacturer of photovoltaic roofing systems for commercial and industrial buildings, has teamed up with GE Commercial Finance Energy Financial Services to fund SIT's solar roofing projects which utilize Uni-Solar Ovonic's flexible photovoltaic laminates. The first project will be with the San Diego City Schools with which SIT has a contract to install more than 2 MW of solar roofs.
Spire Corporation Receives Nasdaq Notification
Spire Corp (SPIR) received a Nasdaq Staff Determination indicating that the Company is no longer in compliance with the $10,000,000 minimum stockholders' equity requirement for continued listing set forth in Nasdaq Marketplace Rule 4450(a)(3), and that its common stock is, therefore, subject to delisting from the Nasdaq National Market. While this type of event is never a good thing, it certainly doesn't ring the death of this stock. They will just start trading OTC.
Nation’s First Completely Solar-powered CVB Website Prepares to Launch
On September 1, 2004, the Portland Oregon Visitors Association (POVA) is scheduled to become the nation's first convention and visitors bureau (CVB) to launch a website 100 percent powered by solar energy. That's right, in a city renowned for its lush, abundant rainfall, the local CVB's website— www.travelportland.com —is transitioning to a completely solar-powered energy source.
Shares in Energy Conversion Devices Purchased
Energy Conversion Devices Inc (ENER) opened up trading this morning with a gap down to the $33 level. For the last hour it has been steadily rising up from this point. As I said in my earlier post, I have been looking for a good entry point in this company and feel that the near term support of $33 is an ideal area to place an order. The stock has been on a run for several months and it is always hard to take a new position in a stock that has already seen dramatic increases...
Hannon Armstrong’s Strong Q2 Keeps It In My Top Picks
By Jeff Siegel Hannon Armstrong (NYSE:HASI), one of my top picks for 2014, just made me very happy. Yesterday, the company announced its Q2 Core Earnings of $4.7 million or $0.22 per share. On a GAAP basis, the Company recorded net income of $2.9 million. Here are some other highlights. . . Raised approximately $70 million in April, 2014 in a follow-on offering. Increased the flexibility and expanded the capacity of its existing credit facility by $200 million. Completed more than $200 million worth of transactions, including the acquisition of a $107 million portfolio of land...
Spire Provides BIPV Systems to Chicago’s Green Commercial Center
Spire Corp (SPIR) announced the completion of Building Integrated Photovoltaic ("BIPV") Systems at the Bethel New Life Lake-Pulaski Commercial Center. The commercial center, located on the West Side of Chicago, will house a day care facility, commercial enterprises, a clinic and employment services. The Lake-Pulaski Commercial Center has two BIPV systems. One, approximately 25 kilowatts in size, is a roof-tile system; the other is a 7-kilowatt awning system. The BIPV awning system is the first commercial building appearance of clear back-sheet photovoltaic modules locally manufactured by Spire Solar for a greater appeal to aesthetics. The awnings will improve the...
EPOD Announces 100 Kilowatt Solar Install Has Begun
EPOD INTL INC (EPOI.OB) announces that construction of the 100-kilowatt solar power installation previously announced on September 13, 2005, has begun. Phase-One of the turn-key, solar power system for a German agricultural client is projected to be completed within the next two weeks. The system will begin generating renewable energy for sale to the local electric utility under a 20-year power purchase agreement immediately upon completion, and has an estimated lifespan of a minimum of 40 years. The power purchase agreement is part of a federal government energy program whereby residential, commercial, and industrial power users are encouraged to...
Why SolarCity is the New Solar King
And Why I Just Got Back Into This Stock By Jeff Siegel DISCLOSURE: Long SCTY. I'm not sure how many people realize it just yet, but something very big happened last year in the world of solar. A small start-up called Mosaic came onto the scene offering New York and California residents the opportunity to invest in solar projects. These investments offered a 4.5% annual return, net of servicing fees, with terms of about nine years. This is basically a crowdfunding opportunity for those looking to invest in small solar projects. It's a pretty simple...
From Solar 2009: Investment Opportunities in Solar Stocks, Part 1
Tom Konrad, Ph.D. The last panel I attended at Solar 2009 focused on investment opportunities in Solar. This is the first of several entries with ideas from the speakers. They were: Allen Goodman, of ECG Consulting Group James Groelinger, of Bellegrove Associates J. Peter Lynch, of Salem Financial, Inc. Pradeep Haldar, Ph.D., MBA of the University at Albany Each had perspectives on the solar (mostly photovoltaic (PV) industry, and struck me as very knowledgeable in the field. The caliber of the industry and investment knowledge on display impressed me, so I'll share with readers some of the...
India Joins The Solar PV Club
Charles Morand One of the - if not THE - most popular debates in solar PV circles is about when exactly the electricity produced by solar PV systems will reach "grid-parity", or become competitive with like-generation fuels (i.e. non-baseload) on a stand-alone basis (i.e. no feed-in tariffs, mandates or rebates). A lot of the time, these discussions slip into arcane sub-debates about module costs, as expressed on a dollar per watt basis, and how far they need to fall for solar PV to be competitive. But module costs are only one part...
Spire Corporation Reports Increased Revenues Driven By Strong Solar Equipment Sales
Spire Corp (SPIR) reported revenues for the year ended December 31, 2005 of $22,422,000, a 30% increase from $17,278,000 for 2004, not including $6,320,000 and $3,000,000, respectively, of gains recorded in 2005 and 2004 from the sales of licenses. Net income for 2005, including the gain on the sales of licenses in both 2005 and 2004, was $44,000 or $0.01 per share, compared with a net loss of $4,120,000 or $0.60 per share for 2004.
The Future Shape of CSP
Parabolic Troughs have dominated Concentrating Solar Power (CSP) until recently, but several companies are vying to replace them. Will the upstarts succeed, or will incumbency and improvements to trough technology ward off the competition? Dr. Arnold Leitner, CEO of Skyfuel, Inc., thinks the battle for dominance of CSP will be "winner-take-all." The technology which can deliver power when it is needed at a reasonable price should triumph. Photovoltaic (PV) technologies are rapidly producing price reductions, and can be used almost anywhere, but only produce power when the sun is shining. In contrast, CSP is still cheaper than PV enables...
Another State Mandate for Alternative Energy
Right on the heels of Colorado passing Amendment 37, Pennsylvania is waiting for State House approval on the passage of their own legislation mandating clean energy production. This new bill states that by 2020, utilities would be required to provide 18 percent of the electricity used in Pennsylvania from alternative sources, like wind, solar and waste coal. Wind should be the big winner for this region.
WorldWater Corp. Executes $2 Million Contract for World’s Largest Solar-Powered Irrigation System
Worldwater Corp (WWAT) announced today that it has executed a $2 million contract for its proprietary AquaMax(TM) pumping system at a California citrus ranch. The announcement was made by Quentin T. Kelly, WorldWater chairman and CEO.
Solar Power on Wallstrip
TheStreet.com is running a video segment on solar power as part of its Wallstrip series. The segment's date is 03/20/2007. If you're a long-term solar follower you definitely won't learn too much here. Nevertheless, the vid does a good job of outlining governmental efforts to boost the growth of solar in the US. Short and interesting. The segment is especially positive on: FirstSolar and Trina Solar . Positive on: Canadian Solar , Ascent Solar and Suntech Power . Negative on: Sunpower Corp .
SunPower Announces $330 Million Global Solar Supply Agreement with PowerLight
SunPower Corporation (SPWR) announced its largest ever product supply contract. The supply agreement with PowerLight Corp., a global solar systems provider, calls for the delivery of $330 million of solar panels from 2005 through 2009. SunPower's industry-leading products will be incorporated into PowerLight's advanced solar power systems for commercial, government and new home residential customers worldwide. SunPower is trading up over 6% today on the news.