Proactiveinvestors Australia - Renewable Energy RSS feed Proactiveinvestors Australia - Renewable Energy feed en Sun, 21 Jan 2018 15:20:56 +1100 Genera CMS Tesla and SolarCity shares up after Musk tweet Tue, 11 Oct 2016 01:25:00 +1100 The sun doesn’t shine on SunPower as outlook grows hazy Thu, 11 Aug 2016 05:12:00 +1000 Inspirit on a charge to commercialisation Fri, 03 Jun 2016 22:35:00 +1000 Canadian Solar closes £36.4mln project financing to refinance UK plants Mon, 23 May 2016 23:23:00 +1000 Green & Smart rises to opening day premium on AIM Thu, 12 May 2016 20:11:00 +1000 Broadwind Energy highlights ‘solid start’ but Q1 revenues drop 5% Thu, 28 Apr 2016 22:59:00 +1000 Sunedison soars on findings of accounts probe Thu, 14 Apr 2016 23:38:00 +1000 NextEra Energy Inc completes sale of gas powered plants Tue, 05 Apr 2016 23:26:00 +1000 SunEdison Inc shares crash as bankruptcy risk reports emerge Wed, 30 Mar 2016 01:02:00 +1100 Canadian Solar Inc falls on first quarter guidance drop Fri, 11 Mar 2016 02:48:00 +1100 Ascent Solar Technology, Inc aims for the skies with two new products Thu, 10 Mar 2016 00:32:00 +1100 Sunedison Inc shares rise as Vivint Solar Inc takeover collapses Wed, 09 Mar 2016 02:13:00 +1100 International Wastewater Systems modernizes energy recycling with fresh take on familiar technology Wed, 24 Feb 2016 23:01:00 +1100 BioSolar's technology shows potential across many energy sectors, says chief executive Tue, 23 Feb 2016 22:46:00 +1100 SunEdison slumps on restructuring news Fri, 19 Feb 2016 00:50:00 +1100 SolarCity sees shares pasted Thu, 11 Feb 2016 04:09:00 +1100 Broadwind Energy issues profit warning Fri, 05 Feb 2016 23:46:00 +1100 UCSB backs OTC quoted tech firms Hypersolar and BioSolar Wed, 13 Jan 2016 02:34:00 +1100 Inspirit says it’s well positioned for 2016 Thu, 31 Dec 2015 20:18:00 +1100 Inspirit Energy welcomes govt microCHP tariff decision Sat, 19 Dec 2015 00:32:00 +1100 Inspirit's electricity generating boiler passes tests Thu, 17 Dec 2015 22:55:00 +1100 Hydrogenics prices and upsizes public offering of shares Sat, 12 Dec 2015 01:45:00 +1100 SunEdison to build solar power units for San Diego Wed, 09 Dec 2015 23:55:00 +1100 Solarcity to focus on cost cutting next year; shares plunge Sat, 31 Oct 2015 01:43:00 +1100 First Solar rises early in the morning Fri, 30 Oct 2015 22:24:00 +1100 Broker snap, including Baker Hughes, Energy Recovery, Kinder Morgan and GoDaddy Sat, 24 Oct 2015 01:27:00 +1100 Primeline looks to exploration as Loyz merger is suspended Wed, 30 Sep 2015 21:32:00 +1000 Canadian Solar tumbles as Q2 earnings plunge, Q3 revenue guidance disappoints Canadian Solar (NASDAQ:CSIQ) tumbled 20% on Wednesday morning after the third-biggest panel maker reported a 68% drop in earnings.

Shares fell to $19.83, down 19.%, at 1:23 p.m. in New York.

Net income fell to $17.9mln, or $0.31 per share, in the three months ended June 30, from $55.8mln, or $0.95 per share, a year earlier, the Guelph, Ontario-based company said in a statement on Tuesday.

Second-quarter revenue rose to $636.7 million from $623.8mln year-over-year.

Canadian Solar is transitioning from a company focused on manufacturing to one that also builds, owns and operates renewable power plants.

Canadian Solar shipped 850 megawatts of panels in the quarter, falling short of its May guidance of 950 megawatts to 1 gigawatt. 

The company said it expects to ship between 970 megawatts to 1.02 gigawatt in the third quarter, including about 70 megawatts to its own solar projects that will not be recognized in revenue.

Canadian Solar said it expects to report revenue of $570mln to $620mln for the third quarter, below analysts' estimates of $669.32mln for the quarter.

The company reaffirmed its guidance for delivering as much as 4.3 gigawatts this year, which would put it on track to surpass Yingli Green Energy Holding Co. to become the world’s second-largest panel producer, after Trina Solar Ltd.

Thu, 20 Aug 2015 05:34:00 +1000
First Solar sees remarkable growth in the second quarter

First Solar (NASDAQ:FSLR) was trading over 17% higher today after announcing earnings of US$94.5 million or 93 cents per share in the second quarter, several orders of magnitude greater than the 4 cents per share of the same period a year ago.

The Tempe, Arizona, based group, which designs and makes solar modules and photovoltaic systems, announced revenues of US$896 million, about 40% higher than the US$ 544 million from a year ago.

Analysts on average expected a quarterly EPS of US$ 0.49 on revenues of US$790 million. Over the year, the group is targeting sales of between 3.5 and 3.6 billion dollars and EPS between US$3.30 and US$3.60.

In a statement, First Solar attributed its success to “higher systems project revenue, project cost improvements, and a discrete tax benefit in the second quarter of approximately $42 million…The increase in net sales from the prior quarter resulted from increased revenue recognition on the Silver State South project and the sale of majority interests in the North Star and Lost Hills-Blackwell projects.”

First Solar “achieved significant financial and technological milestones this past quarter with the IPO of 8point3 Energy Partners and a new record module conversion efficiency of 18.6%,” said First Solar’s CEO Jim Hughes.



Thu, 06 Aug 2015 05:45:00 +1000
Ballard Power ‘buy’ rating reiterated at Rodman & Renshaw Ballard Power Systems (TSE:BLD) (NASDAQ:BLDP) had its buy rating and $2.50 price target maintained at Rodman & Renshaw, which said the Burnaby, British Columbia-based company’s first half earnings report was disappointing but repositioning is beginning to take shape.

Ballard reported second-quarter revenue and net income of $11.2 million and EPS of $0.06 per share, in line with expectations. 

Tight cost controls led to an adjusted EBITDA of $4.8 million that improved 14 percent versus Rodman & Renshaw’s expectations of $5.6 million but overall first-half results were lackluster, with first-half revenue of $20.4 million declining 37 percent year-over-year. However, there are signs that the pipeline is improving and we expect substantially stronger revenue growth in the second half.

"We believe several factors should drive significant 2H15 revenue growth including the fulfillment of 33 module bus order in China, an increase in design work for Volkswagen and an initial contribution from the recently acquired Protonex Technology,” analyst Carter Driscoll wrote in a research note to investors today.

“In addition, we expect a modest increase in material handling shipments as customer Plug Power works off fuel stack inventories.” 

Rodman & Renshaw forecast 80 percent revenue growth in the second half versus the first half.

The June 2015 acquisition of Protonex expands Ballard Power into portable fuel cells and power management products while adding the military as a new vertical. 

Rodman & Renshaw forecast an incremental $20 million in estimated 2016 revenue from Protonex, whose potential margin contribution should help drive Ballard Power closer to profitability. 

The second-quarter earnings call was our first opportunity to hear Protonex's CEO discuss the company's history, market positioning, product pipeline and expected financial contribution to BLDP. 

Rodman & Renshaw said it believed $20 million revenue contribution is conservative and the potential for the U.S. Army to standardize on their equipment could provide substantial upside if it occurs.

Ballard Power filled an initial 100 unit order for telecom backup power systems to India's RJIL this quarter. 

Ballard Power indicated it could reach 500 units over the next 6-8 quarters. There is significant opportunity in India as 300,000 cell towers face grid outages and the recent deregulation of diesel has made other fuel sources more competitive versus generators.

On the other hand, backup power sales in developed markets have not materialized as quickly as anticipated. The company has engaged 10-12 new channel partners to drive sales in multiple regions but it may take time for these partners to turn on.

The Protonex acquisition and recent additions of higher-margin engineering service contracts, coupled with expectations of signing another automotive OEM and further product cost reductions give us confidence that Ballard Power can reach operating breakeven in 2H16. 

“We believe the recent capital raise provides sufficient cash to execute on the company's strategy,” Driscoll noted. Ballard Power is actively looking for additional M&A opportunities that could impact the current cash balance of $41.2 million and $15-16 million forecast cash burn until reaching breakeven.

The company’s U.S.-listed shares fell 1.6% to $1.42 at 10:47 a.m. in New York, expnading this year’s slump to 28 percent.


Fri, 31 Jul 2015 02:54:00 +1000