U.S. Alternative Energy Correspondent
Nichola's Feed
Apr 29, 2011

Total SA to take controlling stake in SunPower

LOS ANGELES (Reuters) – French energy company Total SA offered to pay up to $1.37 billion for a majority stake in U.S. solar company SunPower Corp, one of the biggest moves ever by an oil and gas giant into the market for renewable energy.

Solar power has been one of the fastest growing energy industries in recent years, but still remains tiny compared with oil, gas and coal because of its higher cost. With Total’s financial heft behind it, SunPower said solar energy would become competitive with fossil fuels more quickly.

Apr 28, 2011

Total SA to pay up to $1.37 billion for SunPower stake

LOS ANGELES (Reuters) – French energy company Total SA offered to pay up to $1.37 billion for a majority stake in U.S. solar company SunPower Corp, a bid by the oil and gas giant to become a major player in solar power.

Solar power has been one of the fastest growing energy industries in recent years, but still remains tiny compared with oil, gas and coal.

Apr 28, 2011

Nanosolar readies for growth with new supply deals

LOS ANGELES, April 28 (Reuters) – Solar startup Nanosolar
Inc on Thursday announced supply agreements with three European
developers, the latest step toward the thin film company’s goal
of becoming competitive with traditional panels.

The company signed supply deals that combined could be
worth up to a gigawatt of solar panels with French utility EDF
Energies Nouvelles SA (EEN.PA: Quote, Profile, Research, Stock Buzz) and German project developers
Plain Energy and Belectric.

Apr 27, 2011

Solar results to spotlight Italy turmoil, costs

LOS ANGELES/FRANKFURT (Reuters) – For solar panel makers, rising raw material costs and a looming cut in government support for solar power in Italy are likely to upstage first-quarter numbers, when the world’s largest solar companies begin reporting their quarterly results next week.

For months, investors have fretted about an expected change in solar energy incentives in Italy, a market that exploded last year due to generous government support.

Apr 25, 2011

BrightSource Energy files for up to $250 mln IPO

LOS ANGELES, April 25 (Reuters) – Solar power company
BrightSource Energy Inc filed with U.S. securities regulators
for an initial public offering of up to $250 million, a major
step toward what is likely to be one of the hottest clean
technology market debuts of the year.

BrightSource, which is building a massive solar thermal
power plant in the California desert, said it plans to use the
proceeds from the sale for capital expenditures and working
capital.

Apr 21, 2011

Mattel handed stunning reversal in Bratz case

SANTA ANA, California (Reuters) – Mattel Inc (MAT.O: Quote, Profile, Research), after waging a seven-year legal war against a tiny California company, suffered a surprise defeat on Thursday after a U.S. jury decided that MGA Entertainment Inc is the rightful owner of the once-billion dollar line of pouty-lipped Bratz dolls.

The astonishing loss for the world’s largest toy maker is the latest development in a case that began in 2004, when MGA’s line of dolls was all the rage among young girls. Mattel accused Van Nuys, California-based MGA of stealing its designs by hiring away a key employee.

Apr 21, 2011

Jury finds Mattel took Bratz dolls trade secrets

SANTA ANA, California (Reuters) – A U.S. jury on Thursday found toy maker Mattel misappropriated trade secrets from MGA Entertainment relating to the Bratz doll line and awarded MGA $88.5 million in damages in what appears to be a stunning reversal of legal fortunes.

The battle over who owns the pouty-lipped Bratz dolls has been raging since 2004. A federal jury in 2008 ordered MGA and its chief executive Isaac Larian to pay Mattel $100 million, but a federal appeals court threw out that ruling last year.

Apr 21, 2011

Jury finds Mattel took MGA’s Bratz trade secrets

SANTA ANA, California (Reuters) – A U.S. jury found Mattel Inc (MAT.O: Quote, Profile, Research, Stock Buzz) misappropriated trade secrets from MGA Entertainment relating to the Bratz doll line, and awarded MGA $88.5 million in damages.

The legal battle over who owns the pouty-lipped Bratz dolls has been raging since 2004. A federal jury in 2008 ordered MGA and its Chief Executive Officer Isaac Larian to pay Mattel $100 million, but a federal appeals court threw out that ruling last year.

Apr 20, 2011

Solar module price could drop 20 percent in 2011

LOS ANGELES (Reuters) – Solar module prices could fall as much as 20 percent this year due to an excess of supply in the market, the chief executive of solar project developer Recurrent Energy said on Wednesday.

Solar modules currently sell for between $1.40 and $1.50 each, Recurrent CEO Arno Harris said in an interview and should come down to a range of $1.20 to $1.30.

Apr 19, 2011

Cree earnings, view lag estimates, shares fall

LOS ANGELES, April 19 (Reuters) – LED maker Cree Inc
(CREE.O: Quote, Profile, Research, Stock Buzz) reported a quarterly profit that missed Wall Street
estimates and forecast lower-than-expected earnings in the
current period due to high inventories and falling prices.

Cree shares fell over 7 percent in extended trade.

Canaccord Genuity analyst Jed Dorsheimer said he expected
to see further declines in both Cree’s gross margins and share
price before prices on LEDs come down far enough for the
lighting portion of the market to take off.