Tag Archives: markets
SolarCity Raises $500M
SolarCity (Nasdaq: SCTY), a provider of distributed energy, just announced a $500 million lease financing agreement with Goldman Sachs (NYSE: GS). That translates to more than 100 megawatts of solar power. The combined lease is the largest of its kind for U.S. residential rooftops. SolarCity allows consumers to get electricity from grid-tied solar rooftops at [...]
SolarCity Earnings = MEH
SolarCity (SCTY) has been one of the hottest alternative energy stocks since its Initial Public Offering five short months ago. Yesterday it shot up 24% in one day, on the largest one-day volume since it opened, in anticipation of its quarterly earnings release. It is up 95% in the past three months, and has more [...]
The Solar Rooftop Boom in NYC
Things move fast in the city that never sleeps and solar’s been keeping pace. By the end of 2012, the amount of rooftop solar photovoltaic installations in New York City had boomed to 14 megawatts from 5.5 megawatts at the end of 2011—an increase of 8.5 megawatts in a year. That’s according to recent data [...]
Foxconn Goes Solar
Infamous Foxconn, best known for the deplorable working conditions for Chinese workers that make Apple’s iPod and other products, is intent on developing a strong presence in the solar industry. The company first announced this decision in 2011 at the height of overcapacity in the industry. The last thing that was needed was a big new player that would bring [...]
SolarReserve Looks for Global Growth
SolarReserve, known for its solar thermal towers with energy storage systems, is looking to the mining industry and foreign markets for growth opportunity. The company already has major projects in California, Nevada and Colorado. While there is plenty more opportunity domestically, Tom Georgis, vice president of business development for SolarReserve, said there are other countries [...]
Wanxiang: A123 Buyout?
A123 may have declared in its bankruptcy filing this week that it has chosen U.S.–based Johnson Controls, rather than Chinese rescuer Wanxiang, as the preferred bidder for its automotive battery business. But that doesn’t mean that Wanxiang is letting go of its $465 million bid to buy A123 outright. That’s the upshot of a Thursday [...]
A123 Systems: Going to Zero?
There was so much enthusiasm when high-performance battery manufacturer A123 Systems (NASDAQ:AONE) came on the scene. The promise of an advanced battery manufacturing facility pumping out batteries for next-generation electric cars while providing jobs for US workers was a bold one, and one that a lot of folks cheered. But certain realities rapidly turned that [...]
Can Vivint be the Biggest U.S Solar Installer in 2013?
Following on the heels of the announcement that Vivint would be purchased by Blackstone for more than $2 billion, Vivint has said it plans to install solar on at least 10,000 homes in 2013. That’s according to founder Todd Pederson, who discussed expansion plans with Bloomberg earlier this week. That’s up significantly from about [...]
Japanese Solar Bubble: In The Cards?
It’s been a big year for global renewable energy development as Japan announced its intention to phase on nuclear energy and instead rely heavily on clean energy sources. Recent clean energy subsidies in the county sparked $2 billion in clean energy investments in just two months while the Japanese government predicts a “$640 billion spending boom” [...]