NEW YORK (Reuters) – Westinghouse Solar Inc expects to start posting profits next year after years of losses, as a deal to buy cheaper solar panels should help it cut prices and increase sales, its chief executive told Reuters.
Westinghouse, which makes solar power systems, earlier this year signed a deal to buy solar panels from China’s Lightway, reducing its near-total dependence on Suntech Power Holdings Co Ltd.
HONG KONG/BANGALORE, Aug 26 (Reuters) – China COSCO Holdings
Co Ltd’s president said on Friday that the
company has resolved lease disputes with shipowners on 18
vessels, adding that ship seizures are common during such
Zhang Liang told a video conference in Hong Kong that the
company operated more than 400 bulk cargo ships and the contract
disputes involved only a small number of vessels.
BANGALORE (Reuters) – Solar company STR Holdings Inc is looking to buy a competitor or a raw material manufacturer as it brings acquisitions into the heart of its business strategy.
“We are looking at acquisitions,” Chief Financial Officer Barry Morris said in a telephone interview. “Before, we were a little more opportunistic, now it’s definitely part of our core strategy.”
BANGALORE, Aug 16 (Reuters) – JinkoSolar Holding Co
posted strong quarterly results and expects sales growth to hold
up this year as the Chinese solar company continues to make
inroads into newer regions, cheering up investors in a gloomy
The company’s shares, which have shed 17 percent of their
value so far this year, rose 11 percent to a high of $18.66 on
Tuesday on the New York Stock Exchange. The wider MAC Solar
Energy Index was down 2 percent.
BANGALORE (Reuters) – Business from China and India is robust enough for shippers such as Paragon Shipping, Box Ships Inc and Seanergy Maritime Holdings not to be losing sleep over financial crises in the United States and Europe, executives said.
Brokers, including Intermodal and Wells Fargo Securities, have said the market volatility sparked by Standard & Poor’s U.S. sovereign debt rating cut and Europe’s debt crisis, could trip the global economy into a double-dip recession and land a body-blow to dry bulk trade and the shipping sector generally.
BANGALORE, Aug 10 (Reuters) – Dry cargo shippers Star Bulk
Carriers and Euroseas Ltd surprised Wall
Street with quarterly profits on lower costs, and indicated they
were on course to manage debt payments despite a weak market.
Most shipping companies have suffered in the past two years
as demand to transport commodities has lagged supply of vessels.
This has been compounded by a slowdown in the global economy
that has made access to funds difficult.
BANGALORE, Aug 4 (Reuters) – A number of small and
medium-sized U.S. oil and natural gas companies have increased
their annual spending budget as they look to produce more of oil
and natural gas liquids from their properties.
April-June Natural gas prices NGc1 rose about 3 percent
from year-ago levels to average $4.38 per million British
thermal units. U.S. crude oil prices CLc1 soared 32 percent to
average $103.49 a barrel during the period.
BANGALORE (Reuters) – Yingli Green Energy Holding boosted its second-quarter module shipment outlook and backed its gross margin forecast, but its shares fell 7 percent as the Chinese solar panel maker did not provide a much-expected update for the second half.
The solar market likely bottomed in the second quarter, after pullbacks in solar subsidies in the world’s No. 2 market Italy stalled development of projects there, creating an oversupply of solar panels and sparking a more than 20 percent drop in prices.
BANGALORE, Aug 3 (Reuters) – Yingli Green Energy Holding
boosted its second-quarter module shipment outlook and
backed its gross margin forecast, but its shares fell 7 percent
as the Chinese solar panel maker did not provide a much-expected
update for the second half.
The solar market likely bottomed in the second quarter,
after pullbacks in solar subsidies in the world’s No. 2 market
Italy stalled development of projects there, creating an
oversupply of solar panels and sparking a more than 20 percent
drop in prices.
BANGALORE, Aug 3 (Reuters) – Lower costs and an improvement
in gas and electricity rates helped utility owner Public Service
Enterprise Group (PSEG) post a market-beating quarterly
profit and back its forecast for the year, but plant outages
hurt Constellation Energy .
U.S. utilities have been hit hard in the last two years
because of lower natural gas prices and weak economic