LOS ANGELES/FRANKFURT (Reuters) – Investors who went on this week’s green energy buying binge because of Japan’s nuclear crisis may be in for a painful hangover.
Japan’s race to avert a meltdown at a tsunami-wracked nuclear power plant was viewed as a rallying cry to some supporters of renewable energy, triggering a debate about whether the power source is a safe and viable form of emissions-free energy.
LOS ANGELES (Reuters) – LED industry supplier Rubicon Technology Inc (RBCN.O: Quote, Profile, Research, Stock Buzz) is seeing increased demand from Japanese customers because of supply disruptions after the massive earthquake there, according to its chief executive.
The company’s shares ended 1.4 percent higher, while the broad market fell about 2 percent in reaction to the troubles in Japan.
LOS ANGELES (Reuters) – Utility meter maker Itron Inc does not expect the U.S. government to deploy any more funds to develop the so-called smart grid, Chief Executive Malcolm Unsworth said in an interview.
In the last two years, the $787-billion U.S. economic stimulus package gave a crucial boost to the smart grid, which aims to make the power grid more efficient.
LOS ANGELES, March 15 (Reuters) – Californians have long
had an uneasy relationship with their two nuclear power plants,
and the crisis in Japan raises new doubts about how long
nuclear power will survive in the earthquake-prone state.
The first test of the Golden State’s support for nuclear
power is coming soon, as the nuclear plants perched on the
scenic but fault-laden California coastline since the early
1980s begin the process for 20-year license renewals.
LOS ANGELES, March 10 (Reuters) – U.S. solar company Energy
Conversion Devices (ENER.O: Quote, Profile, Research, Stock Buzz) said it was slashing production for
the current quarter because cutbacks in French and Italian
solar subsidies have put projects there on hold.
The company’s shares slid more than 22 percent in extended
trade following Thursday’s announcement. It said the stalled
projects could impact as much as half of its expected revenue
for the fiscal third quarter.
LOS ANGELES (Reuters) – Suntech Power Holdings Co Ltd, the world’s top solar panel maker, posted sharply higher quarterly earnings due to a better-than-expected 62 percent rise in revenue and a $250 million increase in the value of certain project investments.
The Chinese company’s shares rose 3 percent in extended trade following the announcement.
LOS ANGELES (Reuters) – Suntech Power Holdings Co Ltd, the world’s top solar panel maker, posted sharply higher quarterly net earnings due to a better-than-expected 62 percent rise in revenue and a $250 million increase in the value of certain project investments.
The company’s shares rose 4.4 percent in extended trade following the announcement.
SANTA BARBARA, California (Reuters) – Suzlon Energy Ltd Chief Executive Tulsi Tanti has no plans to sell a stake in the Indian wind turbine maker, he said on Thursday.
“There is not any such plan,” Tanti said when asked about market rumors that the company was considering selling a stake to Spain’s Gamesa.
, March 3 (Reuters) – Ford Motor Co
(F.N: Quote, Profile, Research) plans to hold the line against price discounts in the
U.S. market despite pressure from competitors who have spent
more heavily on incentives to boost sales in the first months
of the year, Executive Chairman Bill Ford said on Thursday.
“One of the things that comes with having a better
portfolio is the ability to hold back on discounts,” Ford said
in an interview at the Wall Street Journal ECO:nomics
conference in Santa Barbara.
NEW YORK/LOS ANGELES (Reuters) – A rebounding economy and growing pool of deep-pocketed investors could drive the U.S. solar industry to double its installations for a second year, but the capital costs for the clean energy systems remain huge.
The U.S. photovoltaic industry is coming off its best-ever year, with about 1 gigawatt in new panels installed. That is about equal to the capacity of a nuclear power reactor, or enough to power about 1 million homes, and many solar companies expect new installations to reach 2 GW this year.