Suntech Power Holdings Company Ltd. (STP) posted strong third quarter results of 16 cents, double the Zacks Consensus Earnings per American Depository Share (EPADS) estimate of 8 cents. However, the company fell short of the year-ago EPADS of 33 cents by 17 cents.  Suntech registered total net revenues of $473.1 million in the reported quarter, an increase of 47.4% from $321 million in the previous quarter. Operating expenses were $39.3 million compared to $38.6 million in the previous quarter. Operating expenses included a net $3.5 million reversal of bad debt provision. Income from operations was $44.8 million compared to $21.1 million in the prior quarter.  Gross margin for the core wafer to module business was 20% in the reported quarter, compared with 19.1% in the preceding quarter. Overall consolidated gross profit was $84.1 million and gross margin was 17.8% in the reported quarter compared to consolidated ...

LAS VEGAS, Nov. 12, 2009 (GLOBE NEWSWIRE) — News released this week by GWS Technologies, Inc. (OTCBB:GWSC), an alternative energy company developing and marketing solar and wind-powered renewable energy products and solutions, could mean major advancements in the use of solar power in Arizona. GWS has announced that they are working with Dominion Real Estate Investments, LLC to develop a 36-acre solar farm in Florence, Arizona that could be one of the largest projects in Arizona and, in conjunction with other projects, gives GWS 40 megawatts under development. To put this in perspective, forty megawatts generates enough electricity to provide power to approximately 12,000 homes.

It’s a substantial step forward for GWS Technologies, which has been aggressive in pursuing opportunities in Arizona as the Arizona Corporation Commission has set renewable energy standards mandating that regulated utilities generate at least 15 percent of their power from renewable resources such as

...

A Green Energy Investing Guideline

by Louise Harris, Investment U Research

Typically, when investors think about making money from climate change, they think about buying shares of companies that specialize in biofuels or alternative or green energy.

But those aren’t the only ways to profit from the green movement.

Deutsche Bank Group (NYSE: DB) recently conducted in-depth research, analyzing climate change and the cost of combating it. And a few very interesting conclusions came from it…

More capital is required to mobilize climate change industries and more action by government is required to attract capital. When governments offer tax incentives and create integrated plans to combat climate change, investors are attracted. Carbon markets could offer long-term solutions to investors trying to find a niche in the climate change debate.

And there are countries out there doing just that.

The Greenest Countries

...

OUTLOOK The Alternative Energy industry is going through a recovery after absorbing the global recession and the cascading fall in global crude oil prices. Earlier this year, quite a few alternative energy companies were in the trough. Though these companies have recovered from their lows, their valuations are still significantly lower than their 52-week highs. The growth of alternative energy companies is closely tied to the fortunes of the economy. In its latest release, the Energy Information Administration (EIA) predicted that total U.S. electricity consumption will decline by 3.3% in 2009 before growing by 1.3% in 2010 as the improving economy coaxes a gradual recovery in electricity sales. In fiscal 2008, annual U.S. photovoltaic (PV) installed capacity grew by 63% year-over-year, bringing the cumulative installed capacity to 792MW. According to the Solar Energy Industries Association (SEIA) -- the U.S. trade association representing close to 500 companies ...

The Nevada Company Ormat Technologies announced that Ormat Subsidiaries Ltd., its Israeli subsidiary, entered into a Joint Venture Agreement (JVA) with Sunday Energy Ltd. Sunday is a private Israeli energy company and the agreement will be to construct and operate solar-photovoltaic energy systems with a total capacity of 36 MW throughout Israel.

According to the JVA, Ormat will now own 70% of each special purpose entity (SPE) with Sunday contributing the rights to all of its property and roofs required to develop solar energy systems above 1 MW to SPE’s.

The agreement between Ormat and Sunday will have major effects throughout the industry. Sunday is a leading developer in the Israeli PV market while Ormat has over four decades of experience in the development, construction, financing and operation of hundreds of megawatts of renewable energy projects worldwide.

The estimated capital expenditure for 36 MW of solar power systems is

...

Waltham, MA - October 19, 2009 - If you were considering an investment in a wind or solar energy company, wouldn't it be great to talk with alternative energy experts and consultants about how its technology stacks up against its competitors?

Florida Power & Light Co. (FPL) has announced plans to deliver electricity to customers from the DeSoto Next Generation Solar Energy Center in Arcadia – the largest solar photovoltaic (PV) power plant in the country – by October-end. The plant would use 90,000 photovoltaic panels to convert solar energy into electricity lighting up above 3,000 homes. Earlier, Nevada’s Nellis Solar Power Plant was considered the largest PV plant in the country.   Together with the DeSoto Center the company plans to build two other solar energy centers in Florida – at the Martin County and at NASA’s Kennedy Space Center, with total capacity of the three plants being 110 megawatts by end of 2010. These plants together would make Florida the second largest solar power-producing state in the country.   Large-scale solar projects such as Florida Power’s DeSoto Center creates additional jobs and also increases the revenues of governments,

...

ProLogis (PLD), one of the leading global providers of distribution facilities, has recently announced its third new 4.8 megawatt solar project in Spain as part of its renewable energy program. The solar project would be installed on eight rooftops at ProLogis Park Sant Boi in Barcelona and ProLogis Park Alcala in Madrid. With these installations, ProLogis currently has solar projects on 20 buildings spanning 7.2 million square feet of roof space in the U.S., Japan, France, Germany and Spain. On completion of the new project, ProLogis would generate more than 11 megawatt of energy, which is equivalent to the power consumption in over 1,100 households per year. For the current solar project in Spain, ProLogis has leased 2 million square feet of roof space to Recurrent Energy, a leading provider of solar energy and power distribution company. Recurrent Energy will own and operate the project, and ...

Suntech Power Holdings Co. Ltd. (STP) recently set a new world record for multi-crystalline module conversion efficiency (aperture area only) of 16.53%. The company topped its own prior record of 15.6% set in the last month which beat the long-standing world record of 15.5% set by Sandia National Labs 15 years ago. The new world record conversion efficiency was measured by the Fraunhofer Institute for Solar Energy Systems ISE.

Suntech Power based from Wuxi, China, is a leading solar energy company in the world. The company designs, develops, manufactures and markets PV cells and modules. It also provides PV system integration services in China. Suntech caters to a worldwide customer base spread around Spain, Germany, the United States, China, South Korea, Italy, the Middle East, Australia and Japan.

For its multi-crystalline silicon modules, Suntech uses its patent-pending Pluto PV cells utilizing solar grade silicon. The Pluto technology for

...

Suntech Power Holdings Company Ltd. (STP) introduced a new 60 cell multi-crystalline photovoltaic (PV) Module Rooftop Systems targeted towards the Residential and Commercial segments. The new variant of PV module will be marketed under the product name Wd and is lighter than the existing 72 cell module variant of the company. Suntech Power’s new module variant comes with positive peak power tolerance of 0/+5 watts (W), thus guarantying assured power output. The new module variant weighing approximately 20kg is ideal for customers with ample roof space but could not sustain the heavier 72 cell module variant. The company introduced the 60 cell module variant with two power ratings – 220W and 225W. Wuxi, China-based Suntech is a leading solar energy company in the world. The company designs, develops, manufactures and markets PV cells and modules. Looking forward, Suntech expects more ...