Editor’s Note: Related tickers: SolarCity Corp (NASDAQ:SCTY), First Solar, Inc. (NASDAQ:FSLR), SunPower Corporation (NASDAQ:SPWR), General Electric Company (NYSE:GE)
First Solar sells Canadian power plants to GE-Alterra Partnership (ClickOnline)
First Solar, Inc. (NASDAQ:FSLR) announced today that it has sold a collection of solar projects in Ontario, Canada, totaling 50 megawatts (MW) AC to an investment partnership led by General Electric Company (NYSE:GE) unit GE Energy Financial Services. Terms were not disclosed. It is the first project transaction between First Solar and GE since their solar technology and commercial partnership was announced August 6th.
SolarCity’s First San Fernando Valley Operations Center Opens to Customers (AzoCleanTech)
SolarCity Corp (NASDAQ:SCTY), a leading provider of clean energy, has opened its first operations center in the San Fernando Valley to accommodate customers as far north as Santa Barbara County. The 16,800 square-foot facility is staffed by 61 full-time employees today, and SolarCity currently has 15 job openings at this location. SolarCity Corp (NASDAQ:SCTY) already has approximately 2,000 customers in the San Fernando Valley. The company has also begun or completed projects to provide solar power to some 60 school facilities within the Los Angeles…
Hedge Funds Are Absolutely Nuts Over SunPower Corporation (SPWR) (InsiderMonkey)
Solar’s hot, that’s no doubt. The level of hedge funds’ interest in SunPower Corporation (NASDAQ:SPWR) will still surprise you though. In the 21st century investor’s toolkit, there are plenty of gauges shareholders can use to monitor the equity markets. A duo of the most underrated are hedge fund and insider trading interest. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the elite money managers can outpace the market by a healthy margin (see just how much).
Alterra purchases Ontario solar power project (PennEnergy)
Alterra Power Group has completed the purchase of the 50 MW ABW Solar project in Ontario in partnership with GE Financial Services (NYSE: GE), the company announced Monday. The project, which commenced commercial operations earlier this year, was developed and sold by First Solar, Inc. (NASDAQ:FSLR). Alterra will be the managing partner for the facility and hold a 10 percent interest. Alterra CEO John Carson said the transaction opens the door for the company to pursue other solar opportunities while continuing its growth in wind, hydro and geothermal power.
Solar Panel Company Opens Chatsworth Warehouse (NorthRidge)
A grand opening ceremony was held Thursday for SolarCity Corp (NASDAQ:SCTY), a solar panel installation company that recently opened its sixth Southland branch at a 15,000-square-foot warehouse on Nordhoff Street. …While SolarCity has installed panels for Los Angeles Unified Schools and commercial properties like the Wal Mart in Porter Ranch, homeowners make up for most of his clients thanks to lower pricing.
Solar developer hires two executives (Power-Eng)
Solon Corp. hired two solar industry veterans to lead the project finance group and procurement and acquisitions. John Kintz is the new managing director of the project finance group, having to do with commercial and utility-scale solar project financings, while Jeff Calabro is the senior director of procurement and acquisitions. Kintz was previously the director of project finance at SunPower Corporation (NASDAQ:SPWR) where he negotiated, arranged and closed more than 400 MW of North American solar deals.
First Solar Upgraded to “Market Perform” at Raymond James (FSLR) (MideastTime)
First Solar, Inc. (NASDAQ:FSLR) was upgraded by equities research analysts at Raymond James from an “underperform” rating to a “market perform” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm currently has a $20.00 price target on the stock. Raymond James’ price target indicates a potential downside of 48.68% from the company’s current price. Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a “hold” rating on shares of First Solar, Inc. (NASDAQ:FSLR) in a research note to investors on Monday, August 19th.
SUNPOWER PARTNERS WITH COMMUNITY FIRST CREDIT UNION TO OFFER FLEXIBLE FINANCING FOR RESIDENTIAL SOLA (PR-BG)
SunPower Corporation (NASDAQ:SPWR), a leading solar technology and global energy solutions provider, today introduced the SunPower Solar Loan for homeowners in Australia. Affordable payment options are designed to help customers finance a high efficiency, residential SunPower Corporation (NASDAQ:SPWR) solar system over time, as it simultaneously produces electricity from rooftops. In many cases, a system sized to closely match the homeowner’s energy needs is expected to generate savings in excess of monthly loan payments.
