Tag Archives: stock
Tesla Reports Profit, Stock SKYROCKETS
Tesla, the American electric car manufacturer, has been all over the news lately, with its announcement that it has made a quarterly profit for the first time in ten years. In 2011, Tesla reported a loss of $50 million, and in the first quarter of 2012 they were $90 million in the red. However, their [...]
Confimed Shrinkage: Solar Venture Capital Funding
The amount of venture capital (VC)—early-stage funding with higher risks, but high potential returns—going to solar companies continues to shrink, according to a new report from Mercom Capital Group. The report found that solar venture capital in the first quarter of 2013 fell to $126 million, almost a third of the $324 million in the [...]
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 [...]
Saving Bankrupt Cities With Solar
Municipalities and county and local agencies all over the U.S. are beginning to discover solar can generate revenues. The City of Lancaster is putting teachers in classrooms and cops on the streets with money generated by its investment in solar. For cities facing the strains of these tough economic times, the news is even better: [...]
Enphase Announces Impressive Q2 Results
Solar microinverter firm Enphase (Nasdaq:ENPH) announced strong second-quarter earnings in its second quarter as a public company this afternoon. In a bit of a shocker, just prior to its earnings call, Enphase announced the departure of its CFO Sanjeev Kumar. Like all abruptly departing CFOs, Kumar will be devoting more time to his family. Hopefully, [...]
Walmart Turns on 100th Solar Installation
The world’s largest retailer Walmart has finished the rooftop solar installation at its San Diego store, the 100th project completed so far in California. Last year, Walmart committed to extending its rooftop solar portfolio to more than 75 percent of its California stores (approximately 130) by the end of 2013. Installer SolarCity, which handled the [...]
Energy Efficiency Financing: Where’s The Money?
Amongst the problems with energy efficiency upgrades is the little issue of money. Even though the projects will ultimately save a city, business or household money over the long haul, it’s tough to get people to invest the money upfront, if they even have it to begin with. Experts in the field often note that [...]
GE Energy Splits Into 3 Units
General Electric announced that it’s splitting its energy division into three standalone businesses later this year. The move will greatly simplify communication with customers and investors and creates a more agile organizational structure that aligns more effectively with each industry sector. The three new businesses will report directly to GE Chairman and CEO Jeff Immelt. Currently, GE Energy Infrastructure employs 100,000 [...]
Rio+20: The Aftermath
Rio+20, the United Nations Conference on Sustainable Development, has come and gone. The global environmental community certainly had high hopes for this event, described as the biggest UN conference ever. With such outsized expectations, some people were bound to be disappointed… and in this case, a great many people felt let down by the conference. [...]