Liang singled out Suntech Power Holdings Co. Ltd. as a favorite because weakening prices in the second half of the year could shake out the industry and leave Suntech in a stronger relative position.
Suntech rose $3.84, or 8.6 percent, to $48.63.
Elsewhere in the sector, shares of SunPower Corp. gained $6.80, or 7.6 percent, to $95.86, [...]
Investors warmed to shares of solar energy products makers again as a Jefferies & Co. analyst upgraded shares of a solar wafer maker and another praised the sector’s strong fundamentals.
Analyst Paul Clegg raised Evergreen Solar Inc. to “Buy” from “Hold” in a note to investors, saying the stock’s recent price decline makes it an attractive [...]
Calyon Securities analyst George Kotzias warned investors some clouds may be on the horizon for Chinese solar companies following the devastating earthquake in that country.
He noted that the epicenter of the 7.9 magnitude quake is near one of China’s main polysilicon production areas. Polysilicon is a crucial component for solar products. Kotzias says the plants [...]
Nothing but blue skies for shares of many solar products makers, as a Citi Investment Research analyst said prospects look good for continuation of government solar tax credits.
Analyst Timothy M. Arcuri said in a client note that his “contacts indicate the House Ways and Means Committee is likely to propose a new bill that will [...]
The Sabah Government is sticking to its decision against building a coal- fired power plant in Lahad Datu.
State Tourism, Culture and Environment Minister Datuk Masidi Manjum said the government could not afford the environmental risks of such a facility close to key pristine conservation areas.
“We are aware of the argument that coal-fired plants in the [...]
Analysts cheered SunPower Inc., a day after the solar company said its first-quarter net income soared to $12.8 million, or 15 cents per share, from $1.2 million or 2 cents per share a year ago. The company also expects second-quarter earnings to triple first-quarter results.
PacificCrest analyst Mark Bachman in a client note said domestic demand [...]
At the same time, shares of Evergreen Solar Inc. headed in the opposite direction, losing $1.17, or 10.9 percent, at $9.60. The company narrowed its first-quarter loss to $25,000 — roughly break-even per share — compared with a loss of $6.2 million or 9 cents per share a year ago.
But investors were disappointed with Evergreen’s [...]
In a Rose Garden speech, President Bush proposed stopping the growth of the nation’s greenhouse gas emissions by 2025 and urged other industrialized nations to set goals to address climate change.
While setting a broad goal, the president offered only a general outline — and few specifics — about how to achieve the objectives.
Friedman, Billings, Ramsey [...]
India’s Era Engineering Innovations (EII) has committed an investment of US$5 million into coal-powered energy generation in Zambia following the just-ended Conclave on Indo-Africa Project Partnership in New Delhi.
Commerce, Trade and Industry Minister, Felix Mutati, who led the Zambian delegation to the meeting signed a Memorandum of Understanding (MoU) with EII director, Ajay Mishra over [...]
Despite a swarm of economic problems and rising fossil fuel costs, last year was a banner year for clean energy, according to an outlook report by Clean Edge, a research and publishing firm.
According to Clean Edge’s report, biofuels (global production and wholesale pricing of ethanol and biodiesel) reached $25.4 billion in 2007 and are projected [...]
