Once attracting billions in private investment and public subsidies, enthusiasm over the solar sector has waned recently, underscoring the limits of renewable energies and the dominance of fossil fuels.» Read More
NEW YORK-- Solar companies took a hit Tuesday after First Solar fell short of Wall Street expectations for the first quarter and announced job cuts in North America. Late Monday, First Solar posted adjusted earnings of 69 cents per share on revenue of $755.2 million.
**RADCOM LTD, $4.05, up 53 pct. **DELCATH SYSTEMS INC, $0.43, down 45 pct. **LINKEDIN CORP, $181.69, down 10 pct.
**ORCHARD SUPPLY HARDWARE STORES, $2.11, up 42 pct. Telular said it may solicit superior proposals from third parties through may 29, 2013. Germany's Bayer AG has agreed to buy the U.S. contraceptive devices maker for $1.1 billion, aiming to underpin its position as the world's largest women's healthcare provider.
The Dow dipped while the S&P 500 edged up on Wednesday as a sharp drop in durable goods orders last month added to worries about slower U.S. economic activity and Apple's results disappointed investors. **BOEING CO, $91.15, up 3.3 pct. **APPLE INC, $401.20, down 1 pct.
Despite the financial headwinds battering solar panel makers, alternative energy has a bright future, First Solar CEO James Hughes said Thursday.
Once attracting billions in private investment and public subsidies, enthusiasm over the solar sector has waned recently, underscoring the limits of renewable energies and the dominance of fossil fuels.
March 27- China- based Trina Solar Ltd and JA Solar Holdings Co Ltd said they will be able to pay for their U.S. bonds that mature in the next few months, days after rival Suntech Power Holdings Co Ltd defaulted on $541 million of its bonds. However, executives at Trina and JA Solar said they have the cash to meet bond obligations in the United States.
A group of Suntech Power lenders want the Chinese solar panel maker's main unit declared insolvent, a sign Beijing is losing support for the industry.
BEIJING/ BANGALORE, March 20- A group of Suntech Power Holdings Co Ltd lenders want the Chinese solar panel maker's main unit declared insolvent, a sign Beijing's support for the struggling industry is waning.
HONG KONG, March 12- Cash-strapped Chinese solar panel maker Suntech Power Holdings Co Ltd is likely to be bailed out by the state, despite a temporary reprieve from some debt holders, as it struggles to cover a $541 million convertible bond due within days.
March 11- Business has been booming for Taiwanese solar companies since they became the middlemen in a trade war between the United States, China and Europe over the multi-billion dollar solar power equipment market. For Taiwan, the story gained momentum in November.
Jan 24- German car maker Volkswagen AG has powered up a giant 9.5 megawatt solar system that will provide about 12.5 percent of the electricity used at its Chattanooga, Tennessee, manufacturing plant. Tennessee- based Solar power company Silicon Ranch owns the solar park and is selling the electricity to Volkswagen under a 20- year power purchase agreement.
BEIJING, Jan 9- China, the world's top energy consumer, will more than double its installed solar power capacity this year from 2012, the government said on Wednesday, driving up shares of U.S. listed Chinese solar companies.
Dec 7- Chinese solar panel maker Suntech Power Holdings Co Ltd, already under pressure from the collapse in the price of its products, said an internal probe concluded the company was defrauded by a partner in a solar development fund.