VALENCE TECHNOLOGY, INC. – draws $3 million on working capital loan
Valence Technology, Inc (Nasdaq: VLNC) is trading up 1.93% following the Company’s July 28, 2008 filing of a Form 8K with the Securities and Exchange Commission disclosing that on “July 23, 2008, Berg & Berg Enterprises, LLC (“Berg & Berg”) advanced to the Company $3,000,000 as a loan to be used to cover working capital requirements. This loan was made pursuant to a previously announced agreement between the Company and Berg & Berg whereby Berg & Berg agreed to provide up to $10,000,000 in interim working capital loans from time to time in order to supplement the Company’s working capital and other financial needs. This is the second working capital loan installment made pursuant to this agreement. Currently, the Company has up to $4,500,000 in principal amount of working capital loans remaining under the agreement.” To read the entire filing, click here:
CALPINE CORPORATION – Will release earnings August 11 and invites you to conference call
Calpine Corporation (NYSE:CPN ) is trading up 2.9% following the Company’s announcement that it plans to release second quarter 2008 financial results on Monday, August 11, 2008 before the opening of the New York Stock Exchange. Management will discuss the results during an investor call scheduled for 11 a.m. ET / 10 a.m. CT on August 11.
A listen-only webcast of the call may be accessed through the Company’s website at www.calpine.com, or by dialing 888-204-4485 at least ten minutes prior to the beginning of the call. An archived recording of the call will be made available on the website, and can also be accessed by dialing 888-203-1112 or 719-457-0820 (International) and providing confirmation code 2254630. To read the entire story, click here:
NACEL ENERGY CORP – Files delinquent 10K to bring company current with filing requirements
Nacel Energy Corp (OTCBB: NCENE) is trading down 12.5% following the July 28, 2008 filing of its annual report on Form 10K with the Securities and Exchange Commission. This should bring the company into compliance with the Bulletin Board’s filing requirements and allow for the removal of the E which currently appends the company’s trading symbol. To read the entire filing, click here
EVOLUTION SOLAR CORP – Names President of Asian Operations
Evolution Solar Corp (Pink Sheets: EVSO) is trading flat following the Company’s July 28, 2008 announcement that it has retained Michael Franklin to its newly created position of President of Asian Operations.
“I consider Mr. Franklin’s qualifications to be key for sourcing and contractual negotiations in the Asian Markets,” stated Robert Kaapke, CEO of Evolution Solar. “Michael’s associative resources, located in almost every major city in China, tips the balance of supply and demand in our favor.”
Michael Franklin is the USA consultant for Impact Hong Kong, Asia’s largest production company. With a staff and offices in Xiamen, China and associates in every major city in China, he currently sources products for AMD, USSSA (Sporting goods) and Home Depot. To read the entire story, click here:
SUNPOWER CORPORATION – Teams with Local Organizations to Celebrate Green Collar Job Training Program
SunPower Corporation (Nasdaq: SPWR), a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels and solar systems, is trading up 1.71% following the Company’s July 28, 2008 announcement that it is joining Sun Light & Power and non-profit organizations Solar Richmond, Solar Living Institute and Rising Sun Energy Center to dedicate a 2-kilowatt SunPower solar system on the rooftop of EcoVillage Farm
Learning Center in Richmond, Calif. SunPower provided financial support for the project and joins with partner organizations to celebrate green collar job training for local youth. To read the entire story, click here:
