First Solar and LDK: Two Solar Power Stocks Headed in Opposite Directions
The past few years have been brutal for solar power stocks. First, the 2008-2009 financial crisis scared away customers and depressed sales. Some solar firms benefited from government stimulus packages during the recession, but their prospects have since dimmed as debt-saddled governments rein in spending—including on subsidies for new solar projects.
Looming in the background is a glut of solar panels that has lasted for more than two years. That has depressed prices and put severe pressure on the profits of many solar power stocks.
This Solar Power Stock’s Downward Spiral Is Continuing
Case in point: LDK Solar (NYSE: LDK), which just reported a net loss of $254.3 million, or $2.00 a share, in the second quarter. That was much wider than the $87.7 million, or $0.62 a share, that the company lost a year earlier. It was also far worse than the $1.42 a share that the Street was expecting. Revenue dropped 53%, to $235.4 million, also missing the consensus estimate of $237.5 million.
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P4Q to Open Solar Electronics Factory
P4Q USA, Inc. the world's largest supplier of solar tracking controllers is locating its North American headquarters and production facility to Albuquerque, NM, which will support its solar, lighting and train business divisions.
APRICUS SOLAR ANNOUNCES EXPANSION
Growing Solar Thermal Provider to Double Manufacturing Space
Local Chambers of Commerce Urge Congress to Extend Critical Wind Tax Credit
National Chamber Network, Representing 240 Local Chambers Nationwide, Says Tax Incentive is Critical to Boosting American Wind Energy Jobs and Innovation
P4Q to Open Solar Electronics Factory
The facility will include a state-of-the-art surface mount technology assembly line that will make both products for P4Q USA and components for their clients on a contract basis.
It is Watt Your Wall Has Been Waiting for
GE Launches the Stylish, Smart and Simple Wattstation Wall Mounted Electric Vehicle Chargers in Europe
KYOCERA Implements Renewable Energy Technology in Launch of U.S.-Japan Smart-Grid
New Mexico project is first international collaboration in the U.S. to use solar energy to provide a significant portion of residential power needs
AlsoEnergy Announces 200th School PV Monitoring System Installed
Achievement creates visual technology teaching tools about energy production and usage
McCune Solar Works Assuming Operations of the Schott Solar Facility in Albuquerque, NM
McCune Solar Works LLC., a McCune Works Inc. company, is in final stages of negotiations to assume operations of the Schott Solar facility in Albuquerque, NM.
Dow Corning, LG Electronics and Seowon University Announce Memorandum of Understanding for PV System Installations
Dow Corning Corporation has entered into a memorandum of understanding (MOU) with LG Electronics and Seowon University relating to innovative photovoltaic (PV) systems using LG Electronics modules made with Dow Corning silicone encapsulation technology for installation on Seowon University's premises in South Korea.
4th International Singapore Compact CSR Summit 2012 themed
The 4th International Singapore Compact CSR Summit 2012 is back and themed around "Corporate Social Responsibility: Trends, Threats and Opportunities", taking place on 27th and 28th September 2012.
ImagineSolar Announces Fall Training Schedule
ImagineSolar, a solar energy and smart grid training provider located in Austin, TX, is announcing a fast-track schedule for online and hands-on photovoltaic system training.
SkyFuel Honored with 2012 SolarPACES Technology Award
SkyFuel, Inc. was honored with the 2012 Technology Award at the annual SolarPACES conference in Marrakech. The award was made for the development of ReflecTech®PLUS - a high reflectance, durable, silvered polymer film designed to reduce the lifecycle cost of parabolic trough solar fields.
Take part in REnergo at Waste-Tech-2013, Moscow, 28-31 May 2013
WasteTech-2013: The 8th International Trade Fair and Conference for Waste Management, Recycling, Environmental Technologies and Renewable Energy
Firestone Building Products Launches Resource-Rich Website
Firestone Building Products today announced the launch of an exciting new website as a deep informational resource for its many customers and audiences.
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Solar & Wind - Featured Product
STI Norland - First dual-row tracker in the market
Developed in 2017, the STI-H250™ is consists of two linked torsion beams that rotate simultaneously following the sun's path. They are moved by just one motor, cutting supply and maintenance costs. STI-H250™ dual-row tracker includes backtracking mode to avoid shadowing between adjacent rows and stow function to protect the tracker in extreme wind conditions. For cleaning, vehicles can pass between trackers and each row can be placed in a different position.
