Canadian Solar, When Bad Is Good (CSIQ, ENER, YGE)
The first quarter report from Canadian Solar Inc. (NASDAQ:CSIQ) was a little better than expected on the earnings front but weak on the top-line, posting a net EPS loss of -$0.13 on revenue of…
Energy
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By Joaquin Sapien, ProPublica Signaling the potential for an important policy reversal, Environmental Protection Agency Administrator Lisa Jackson said in a congressional hearing on Tuesday that the agency would consider revisiting its controversial position…
As PetroChina (PTR) Buys Into Singapore Pet, Issues About Strategic Interests Rise
China Petroleum (PTR) is buying 45.5% of Singapore Petroleum for just over $1 billion and will probably move to purchase the balance of the company. China recently proposed a deal to lend $10 billion…
Saudi Arabia Sees $75 Oil, Which Would Kill An Economic Recovery
Saudi Arabia’s oil minister expects oil to move back to $75, about 22% higher than it is now. He also believes that OPEC will not have to cut production for crude prices to rise. Demand…
Rig Counts Making Oil Supply Drops Self-Fulfilling (BHI)
We have just seen the newest weekly data from Baker Hughes, Inc. (NYSE: BHI). It is surprising how the rig count keeps heading lower and lower despite oil prices having risen so much. It…
China to Blame for Higher Crude Prices?
Today’s FT energy blog includes a post claiming that China is responsible for recent rises in crude prices because it is building its strategic petroleum reserve. The post cites satellite imagery showing more tanker…
Refiners in for More Trouble? (VLO, TSO, MRO, HES)
This week’s report from the Energy Information Administration noted that “strong supply availability from refiners now running at low utilizations in both Europe and the U.S. is likely to moderate gasoline price increases this…
Suntech Deep Discount Offering, Not As Bad As It Sounds (STP)
Suntech Power Holdings Co. Ltd. (NYSE:STP) has priced its follow-on offering of 20 million ADSs at $12.50/ADS. The underwriters have an over-allotment option on an additional 3 million ADSs.
Yingli & LDK, Solar Earnings in the Shade (LDK, YGE, TAN)
LDK Solar Co. Ltd. (NYSE:LDK) makes multicrystalline wafers used to manufacture PV solar cells and Yingli Green Energy Holding Company Limited (NYSE:YGE) is an integrated maker of PV solar products. Both companies have reported…
LDK Disclosing More Write-downs and Provisions (LDK)
LDK Solar Co.Ltd. (NYSE: LDK) has announced plans to file its 2008 report with the SEC tomorrow. As many have become used to with LDK, there is some negative news as well. The company…
Suntech Power Raising Cash After Earnings (STP)
Suntech Power Holdings Co. Ltd. (NYSE: STP) is seeing shares take a hit this morning after the solar player filed to raise capital afterissuing earnings. The company’s profit slid to $1.8 million, or only…
Second Week of Oil Inventory Declines Running ETFs (USO, OIL)
It looks like we are seeing the second week of draws in crude oil and oil products. The Department of Energy is confirming data from the EIA last night showing a second week of…
Petrobras Seems The Winner in China’s $10 Billion Loan (PBR, SNP, XOM, CVX)
The $10 billion loan from the China Development Bank to Brazil’s Petroleo Brasiliero SA, known as Petrobras (NYSE: PBR), has been finalized. This deal has been in our pending file since late February. Many…
Evermore Shares at Evergreen Solar (ESLR)
Solar panel maker Evergreen Solar, Inc. (NASDAQ:ESLR) has begun a secondary offering of common stock to raise $60 million. The company plans to offer the underwriter, Piper Jaffray & Co., a 30-day option on…
Solarfun, When Less-Bad Seems Good (SOLF)
Solarfun Power Holdings Co., Ltd. (NASDAQ: SOLF) posted some very mixed results. On the surface it looks disappointing across the board, but after parsing through the data this seems as though there are no…