LOS ANGELES/NEW YORK, May 26 (Reuters) – First Solar Inc
(FSLR.O: Quote, Profile, Research, Stock Buzz) became the world’s most valuable solar company because
its cadmium telluride panels are the cheapest in the industry.
Investor euphoria for green technology sent the Wall Street
darling’s shares to an all-time high of $317 in May of 2008,
just 18 months after debuting on the market at $20 a share.
LOS ANGELES (Reuters) – Deep-voiced country singer Scotty McCreery won the tenth season of “American Idol” on Wednesday, defeating rival Lauren Alaina who had been dubbed the front-runner by the show’s judges heading into the night.
McCreery, 17, hugged the other “Idol” contestants from the season and his family after host Ryan Seacrest proclaimed him the winner of the television singing competition.
LOS ANGELES, May 25 (Reuters) – “American Idol” kicked off
its tenth season finale on Wednesday with performances from
Beyonce and Judas Priest, but viewers will have to wait for the
final moments to learn whether Lauren Alaina or Scotty McCreery
will take home the TV singing competition’s crown.
A record 122 million votes were cast by phone, text message
and online after the teen country singers each gave their final
performances on Tuesday — bringing the season’s vote total to
nearly 730 million.
ANAHEIM, California (Reuters) – The U.S. wind industry is growing again after taking a big step backward last year.
Yet turbine makers and wind farm developers are finding few reasons to celebrate as the clean energy source struggles to secure long-term government support while facing stiff competition from cheap natural gas.
LOS ANGELES (Reuters) – Lauren Alaina overcame a blown out vocal chord to become the judges’ favorite to win the “American Idol” title on Tuesday, topping rival country singer Scotty McCreery with an emotional song dedicated to her mother.
Alaina, who is just 16 and has dreamed of being on the show since she was 6, appeared set to become the show’s first female winner since Jordin Sparks in 2007 as well as its youngest ever “American Idol.”
LOS ANGELES (Reuters) – Chinese solar panel maker Trina Solar Ltd said profit margins in the current quarter would be hurt by a rise in global inventories, sending its shares to a five-month low and sparking a broad sell-off in solar stocks.
Trina, which also reported a lower-than-expected first-quarter profit on Tuesday, warned last week that shipments in the January-March period would miss previous estimates by 10 percent because of a cut in solar power subsidies in Italy, which has hampered demand and sent solar panel makers’ inventories climbing.
LOS ANGELES, May 12 (Reuters) – U.S. solar panel maker
SunPower Corp (SPWRA.O: Quote, Profile, Research, Stock Buzz) on Thursday offered a second-quarter
revenue forecast that was below market estimates and said it
would soon revise its full-year outlook because of subsidy
cutbacks in Italy.
LOS ANGELES, May 11 (Reuters) – A hefty foreign exchange
loss hurt solar panel maker Canadian Solar Inc’s (CSIQ.O: Quote, Profile, Research, Stock Buzz)
first-quarter profit, and shares fell 2 percent in extended
The company backed its shipment forecast for the year and
said it saw “significant declines” in raw material costs this
quarter which would help lessen the impact of falling prices on
, May 6 (Reuters) – Occidental
Petroleum Corp (OXY.N: Quote, Profile, Research, Stock Buzz) shareholders voted in favor of keeping
close tabs on executive pay at its annual meeting on Friday,
during which the company also lauded the accomplishments of its
lavishly paid outgoing CEO.
Occidental shareholders voted to hold a say-on-pay vote
every year, rather than every two or three years. The company
held its first ever advisory vote on compensation last year as
it faced increasing pressure over the size of its management
LOS ANGELES, May 5 (Reuters) – Power One Inc (PWER.O: Quote, Profile, Research, Stock Buzz),
which makes inverters for the solar power industry, reported
sharply higher quarterly earnings on Thursday and offered a
revenue forecast that assuaged market concerns about a build-up
of inventories, sending its shares up 6 percent.
Net income was $30 million, or 20 cents per share, compared
with $4 million, or 4 cents per share, a year ago.