Solar Power Recap: April 29th

The solar news recap will be short and sweet today, folks —particularly because First Solar seems to be the only game in town thismorning…

In solar stocks news, FirstSolar (NASDAQ:FSLR) topped WallStreet profit estimates for Q1 and raised its 2010 forecast, via Reuters. FSLR shares were up, like, 13 percent in mid-day trading.Also noteworthy:

  • Over the course of Q1, the Tempe, Arizona-based maker of thin-filmsolar managed to reduced its manufacturing costs by three cents, to 81cents per watt.
  • As we relayed in yesterday’s Rundown, First Solar is set to buy NextLight Renewable Power, asolar energy developer with a number of projects in the hopper. The deal will add 1.1 gigawatts (gW) worth of solar panels to the 1.4-gW already in First Solar’s project pipeline.

Investors did not respond as enthusiastically to Akeena’sfirst quarter results, via Barron’s. The Los Gatos, California-based solar design andinstallation company (NASDAQ:AKNS) reported revenues of $6.5 million,down from $7 million in the last quarter of 2009 and $7.6 million fromthe first quarter of 2009.

In Oregon solar news, Solar Nation — a Portland-based solar installer — today announced the final installation and commissioning of a 188-kilowatt (kW) solar electric installation at the Rogers MachineryCompany, Inc., via Business Wire. Comprised of 1,074 solar panels and covering nearly15,000 square feet of roof space, the solar array will supply over halfthe electricity demand of the company’s Portland, Oregon facility.

The quest for low-cast, reliable energy storage continues… Financeand Commerce yesterday published a brief, interesting story on really, really big batteries – so big they’d crush the Energizer Bunny in a heartbeat. Companies featured in the article include Xcel Energy and General Electric.

Finally today: in broader energy news, the oil spill in the Gulf ofMexico is worse than originally thought — and it’s getting worse. TheU.S. Coast Guard is preparing to set fire to the slick before it reaches the Louisiana coastline. Experts say that burning the oil is the bestway to limit damage to the marine environment (to say nothing ofatmospheric pollution), but a controlled burn of this scale hasnever been tried before.

Thanks for reading. We’ll see you back here tomorrow.

Solar Power Rundown for Thursday, April 29


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