SUNPOWER CORPORATION – Secures Roll in Giant PG&E Solar Project
SunPower Corporation (Nasdaq: SWPR) is trading up 17.91% following the August 14, 2008 joint announcement with Pacific Gas and Electric Company (NYSE: PCG) that PG&E has entered into two utility-scale, photovoltaic (PV) solar power contracts for a total of 800 megawatts (MW) of renewable energy. This significant commitment to photovoltaic technology will deliver cumulatively 1.65 billion kilowatt-hours of renewable energy annually. This would be equivalent to the amount of energy needed to serve approximately 239,000 residential homes each year.
PG&E entered into an agreement with Topaz Solar Farms LLC, a subsidiary of OptiSolar Inc., for 550 MW of thin-film PV solar power. The utility also signed a contract with High Plains Ranch II, LLC, a subsidiary of SunPower Corporation, for 250 MW of high-efficiency PV solar power. To read the entire story, click here:
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GUSHAN ENVIRONMENTAL ENERGY LTD – Announces 43.8% Increase in Year to Year Profits
Gushan Environmental Energy Limited (NYSE: GU), China’s largest producer of biodiesel as measured by annual production capacity, is trading down 4.3% despite the Company’s August 15, 2008 publication of its unaudited financial results for the second quarter ended June 30, 2008.
Highlights for Second Quarter 2008
– Total revenues increased by 52.6% year-to-year and 20.0% quarter-on- quarter to RMB399.6 million (US$58.3 million).
– Gross profit increased by 43.8% year-to-year and 18.5% quarter-on- quarter to RMB165.0 million (US$24.1 million).
– Income from operations increased by 29.4% year-to-year and 8.3% quarter-on-quarter to RMB132.6 million (US$19.3 million).
– Net income increased by 33.1% year-to-year and 8.7% quarter-on-quarter to RMB120.8 million (US$17.6 million).
– Net income excluding share-based compensation expenses (non-GAAP) increased by 41.5% year-to-year and 14.9% quarter-on-quarter to RMB132.9 million (US$19.4 million). (Note 4)
– Sales volume of biodiesel increased by 21.8% year-to-year and 15.8% quarter-on-quarter to 59,921 tons.
– Average selling price of biodiesel increased by 33.5% year-to-year and 7.6% quarter-on-quarter to RMB5,933 (US$865.0) per ton.
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ADVANCED BATTERY TECHNOLOGIES, INC – To Host Conference call
Advanced Battery Technologies, Inc. (NasdaqCM:ABAT) is trading down 1.57% following the Company’s August 15, 2008 announcement that it is hosting a conference call on Monday, August 18, 2008, at 10:00 a.m. EDT to discuss Company Overview and Future Plans. Advanced Battery Technologies, Inc. develops, manufactures, and distributes rechargeable polymer lithium-ion (PLI) battery cells for use in electric vehicles, mining equipment, and a variety of other consumer electronics. For the rest of the story and information on how to Join the Conference, click here:
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PLUG POWER – Goes on the Road with Hydrogen GenFuel Display
Plug Power Inc. (NasdaqGM:PLUG), a leader in providing clean, reliable energy solutions, is trading down 3.01% following the Company’s August 15, 2008 announcement that their GenDrive(tm) fuel cell unit will be featured at two stops along the thirteen-day nationwide Hydrogen Road Tour. Nine auto manufacturers, the U.S. Department of Energy, California Fuel Cell Partnership, National Hydrogen Association, and U.S. Department of Transportation are sponsoring a tour of hydrogen vehicles, making 31 stops in 18 states, stretching from Maine to California. To read the entire story, click here:
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DOMINION – Applies to Renew Kewaunee License With the NRC
Dominion (NYSE: D), owner of the Kewaunee Power Station, is trading up .52% following the August 14, 2008 announcement that it has filed an application Thursday to renew the facility’s operating license with the U.S. Nuclear Regulatory Commission (NRC).
The 568-megawatt nuclear unit, located about 25 miles east of Green Bay, is licensed to operate through December 21, 2013. With a renewed license, the station would be able to provide Wisconsin with safe, clean and reliable electricity through December 21, 2033. To read the entire story, click here:
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JUHL WIND – Files 2nd Q Results
Juhl Wind Inc. (OTCBB: JUHL ), the “Leader in Community Wind Power,” is trading up 1.28% following the Company’s August 15, 2008 release of its results for the three month period ending on June 30, 2008. The Company reported revenue of $149,948 for the three months ended June 30, 2008, a slight decrease of $895 or 0.593% compared to revenue of $150,843 for the three months ended June 30, 2007. Revenue for the first six months of 2008 increased 6% to $314,638 versus $296,901 for the first six months of 2007. The net loss available to common shareholders for the second quarter of 2008 was $247,001 or $0.02 per share as compared to net income of $57,142 or $0.02 per share for the same period in 2007. The Company reported a net loss available to common shareholders for the first six months of 2008 of $192,438 or $0.01 per share versus net income available to common shareholders of $127,617 or $0.05 per share for the first six months of 2007. The net loss available to common shareholders for the second quarter and for the six month period ended June 30, 2008 included $6,880 of non-cash deemed dividends and approximately $149,000 of one-time charges as described in the Form 10Q. The Company reported that it had cash of $4,138,379 on hand at the end of the second quarter. To read the entire story, click here:
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