FuelCell Energy Inc. (FCEL) stock leaps on great Q3 figures
Posted on: September 7th, 2011Written by:
FuelCell Energy Inc. (Nasdaq: FCEL) sprang in price 20.4% Wednesday to $1.24, on exciting third-quarter sales figures. Volume for the stock more than doubled its daily average at 4.5 million shares ahead of noon ET.
A news release out Sept. 6 told the investing world that the Danbury, Ct.-based FuelCell reported total revenues for the third quarter of 2011 of $31.2 million compared to $18.9 million in the same period last year, an increase of 65 percent. Product sales and revenues in the third quarter were $29.4 million compared to $16.2 million in the prior year quarter, due to increased demand for Direct FuelCell(R) (DFC(R)) power plants.
Product sales and revenues for the third quarter of 2011 included $21.2 million of power plants and fuel cell kits, $5.5 million primarily from installation services and revenue from the 100 kilowatt (kW) joint development agreement with POSCO Power, and $2.7 million from service agreements.
The Company generated a gross profit for the third quarter of 2011 from products and services of $0.2 million, an important milestone on the path to profitability and the first quarterly gross profit since commercializing its DFC technology.
The same release quoted FuelCell CEO Chip Bottone, “The team at FuelCell Energy achieved an important milestone this quarter by generating a gross margin for the first time since we began the commercialization process of Direct FuelCells.
“We are executing our revenue growth plan and benefitting from operating leverage that is driving down costs. We have record product and service backlog of $230.6 million and we are producing at a record rate as our Operations Group, led by Tony Rauseo, Chief Operating Officer has substantially increased our production run rate to a level of 56 megawatts annually compared to 22 megawatts of production for fiscal year 2010,” Bottone concluded.
Direct FuelCell(R) power plants are generating ultra-clean, efficient and reliable power at more than 50 locations worldwide. The Company’s power plants have generated over 850 million kWh of power using a variety of fuels including renewable biogas from wastewater treatment and food processing, as well as clean natural gas.
B Green Innovations Inc. (BGNN) wins patent, shares hike
Posted on: August 25th, 2011Written by:
B Green Innovations Inc. (OTCBB: BGNN) shares traveled 57.1% higher Thursday morning to 11-100ths of a cent on word Wednesday of the awarding of a new patent. Volume for the stock totaled 300,000 shares.
A release dated August 24 showed that the company out of Matawan, New Jersey received notification of a patent allowance award for Embedded Recycled Container Sheet. B Green plans to license the technology or create products from the compressed flat composite recycled bottle sheets so as to retain the visible display of the of deformed identifiable bottles, such as cutting boards, baskets, kitchen gadgets, trays, bins, cases, book binders and flower pots.
The invention relates generally to a method of producing composite recycled bottle (also referred to as containers herein) sheets from recycled plastic containers embedded in plastics. This is the fourth B Green Innovations, Inc. patent to be issued.
“The grants of these patents are centrally important to B Green, Inc. not only to preserve its technology but also to leverage offensively in the marketplace,” the release quoted CEO Jerome Mahoney as saying.
The B Green Innovations, Inc. “Go Green” mission from its inception is to create a “Green” company for the development of solutions to eliminate waste from the world’s environment.
Blue Sphere Corp. (BLSP) shares skyrocket on new line of credit
Posted on: August 22nd, 2011Written by:
Blue Sphere Corp. (OTCBB: BLSP) shares traveled 18.3% higher to 14.9 cents, on announcing the signing of a $20,000,000 Equity Funding Facility with Centurion Private Equity, LLC. Volume for the stock was 13,300 shares in the final hour of Monday’s trading, compared to an all-day average of about 23,400.
A news release posted August 22 said that under the Equity Funding Facility, the Company may, at its discretion, periodically sell to Centurion shares of BLSP’s common stock at a price based upon a discount to the market price (as defined in the investment agreement) of the Company’s common stock.
Shlomi Palas, Blue Sphere’s Chief Executive Officer, was quoted thus in the release: “Thanks to the efforts of JSBarkats PLLC, our corporate securities attorneys and, specifically, Sunny J. Barkats, its founding partner, we were able to identify and secure this financing that allows the Company to access some liquidity to be used for developing and expanding our business.”
The Israel-based Blue Sphere develops projects for greenhouse gas emission reduction and renewable energy production. The Company intends to become a key player in the global carbon reduction market, helping enterprises with high pollution emissions achieve their green goals.
XZERES Corp. (XPWR) stock skyward on new order
Posted on: August 10th, 2011Written by:
XZERES Corp. (OTCBB: XPWR) shares shot up 12.9% to 79 cents as Wednesday’s session drew to a close, on word of a new order from a Vietnamese customer. Volume for the stock amounted to 4,450 shares, or about half its daily average.
A news release dated August 10 revealed that the company, based in Wilsonville, Oregon, announced today that it has received a Letter of Intent for a $3.2 million turbine order from its Vietnam customer following the successful completion of a pilot installation earlier this year.
CEO Frank Greco was quoted in the same release thus: “We are very pleased to have received this Letter of Intent for a $3.2 million turbine order, starting with a near term initial turbine purchase of 11 units from our Vietnam customer. This Letter of Intent and initial purchase is our first turbine sales into the Vietnam market… (and) while this is a substantial milestone for XZERES and particularly with respect to our initial penetration into Vietnam, we believe that there is potential for even more substantial business with this customer, as there are over 3,000 islands in Vietnam that will need power.”
The Company believes that this first project in Vietnam will be its “anchor tenant” for Asia and looks forward to expanding its business beyond Vietnam to the Philippines, Japan and throughout Asia.
Clear Skies Solar Inc. (CSKH) leaps on new sales
Posted on: July 27th, 2011Written by:
Clear Skies Solar Inc. (OTCBB: CSKH) jumped 12.4% Wednesday to three cents, on word of sterling sales for June. Volume for the stock was 522,000 shares.
The Mineola, New York-based company, a full-service renewable energy provider to commercial, industrial and agricultural clients, announced in a July 27 news release it has reached over 1 megawatt or $4 million in customer signed contracts for the month of June.
With majority of its projects financed and the remainder are in the process of being financed, the company said it was looking forward optimistically to a healthy 2011 for Clear Skies Solar.
With a diversified portfolio of projects now under construction, Clear Skies announced it has recently completed the first installation under its new high-volume project management program. Clear Skies currently has approximately eight projects under construction at different stages varying in size from a residential four kilowatts to several commercial facilities of 160 kWs and 250 kWs respectively.
Clear Skies CEO Ezra Green was quoted in the release as saying, “The CSS process of execution is initially based on client financing with the installation dictated by engineering and product delivery. Our products are shipped from Asia, Canada and the United States with lead times up to four to six weeks which fits into the overall process of a project. With sales increasing and construction under way, we have been able to enter discussions with several non-dilutive sources of project and product funding.
“We recognize that discussing events is very important but we at CSS also owe it to the shareholders that the information being delivered is not premature and subject to any radical change.” Green concluded.
SavWatt USA Inc. (SAVW) installs Eco-Pole, shares climb skyward
Posted on: July 5th, 2011Written by:
SavWatt USA Inc. (OTCBB: SAVW) shares climbed 28% Tuesday to 32-100ths of a cent, a day after the company announced the installation an Eco-Pole in the nation’s capital. Volume for the stock topped 60.4 million shares.
A press release on July 5 revealed that the Baltimore-based company installed the Eco-Pole on June 29 in front of the Department of Transportation building at 55 M Street, Washington, D.C. The Eco-Pole, a 60-watt LED streetlight powered by wind and sun energy, is completely self-energizing. The Eco-Pole is not connected to the energy grid, representing the first city streetlight that is green, utilizes zero electricity, and is built in America.
The same release quoted Martin Gerber, VP of Marketing and a founder of the company, as saying, “SavWatt’s strategic installation in Washington, D.C. gives our Eco-Pole the spotlight it deserves, as we are now fielding requests from around the world.
“This initiative represents how Americans can innovate and deliver products that meet the needs of environmental stewardship, competitive pricing, and American job creation.”
SavWatt claims to be leading the LED lighting revolution and setting the stage to obsolete the incandescent light bulb through the use of energy-efficient, environmentally friendly LED lighting. SavWatt is a market-leading innovator of LED lighting.
