News about companies and stock markets.
During the last months, First Solar (FSLR) has not done especially well on the stock market. It seems that even the insiders have lost some of their faith in FSLR as Michael J. Ahearn has sold a substantial amount of FSLR shares. During the last week of February, he sold FSLR shares for about...
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Fresh water is a scarce natural resource that is extremely important for humans, agriculture and industrial processes. Thus it is not at all surprising that corporations outside the water sector are interested in the huge opportunities provided by the sector. For example, IBM sees big opportunities in the water management. At the moment, the...
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Chinese solar manufacturer Trina Solar (NYSE:TSL) sold 4.5 million American depositary shares. The company nets $124 million ro reducing its debt and financing the expansion in the fast growing solartechnology market in China. Read more in Trina Solar nets $124M for debt, expansion (Cleantech Group). During the last trading days, the First Solar (NASDAQ:FSLR)...
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According to a survey conducted by Polachi Inc., 90 % of the executives in clean tech sector ndicated they predict growth in the sector to resume in one year or less. Nearly one third (31.2%) of these executives claim that growth has already resumed. Read more in CleanTech Brief.
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The German Bosch group acquires ersol, photovoltaic cell company based in Erfurt, Germany. In the future, the company will be known as Bosch Solar Energy AG. The remaining minority shareholders will receive 102.77 EUR for a share. Links: Bosch übernimmt ersol komplett (in German)
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Merrill Lynch analyst Steve Milunovich has published a report an the state of cleantech sectors in 2009. For most of the green investors, the summary given by Jay Yarow in Cleantech Collapse: The Horrible Outlook For Alternative Energy in 2009 will give an idea of the views presented by the star analyst.
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Crude oil will collapse to $20 a barrel this year as the recession takes a deep toll on fuel demand, predicted Philip Verleger yesterday in an telephone interview to Bloomberg. According to the article written by Grant Smith, a crude oil surplus of 100 million barrels will accumulate by the end of the year. This would...
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The German photovoltaic cell produces Q-Cell has reported “catastrophic” result for 2009Q2. The result might be indicative of the solar energy companies result in general as the analysts see no light for solar stocks in the near future. According to the analysts cited by the German business newspaper Handelsblatt, there is no reason to see any...
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Exxon (NYSE:XOM) has announced today that it will invest $600 million in research aiming at producing liquid transportation fuels from algae. The project is a joint effort with Synthetic Genomics founded by Craig Venter. More about the project can be read in the New York Times. Links: Exxon to Invest Millions to Make Fuel From Algae...
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Peter C. Beller of Forbes sees a solar eclipse in the stock markets. According to Beller, the solar power sector may be about to deliver investors some bad news. The prices for photovoltaic cells are lowering rapidly which may be good for both the consumer and environment but present solar companies with difficulties during the...
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