SunPower (NASDAQ: SPWR) has posted $0.39 Non-GAAP EPS on revenues $273.7 million. This translates to $0.15 GAAP EPS. These numbers are above plan according to First Call estimates of $0.35 non-GAAP EPS and $245.2…
Venezuela president-for-life and dissociative identity disorder diagnosed Hugo Chavez will raise a new tax on excess oil profits for crude found and refined in his "republic". According to The Wall Street Journal "The levy…
There was an interesting call that came out late yesterday in the alternative energy and green energy sector regarding Capstone Turbine Corp. (NASDAQ: CPST). Lazard Capital Markets has been positive on this one and…
Aside from the tireless speculators and falling dollar, oil prices do seem to be rising because due to fear of falling demand. Mexico says it may ship less crude. Now Russia says its oil…
Trina Solar Ltd. (NYSE: TSL) is halting the development of a previously announced polysilicon production facility, which originally had a total estimated cost of some $1 Billion. Less than two weeks ago, the company…
New refineries will be opening soon in China and some countries in the Middle East. This may force other facilities in the US and Europe out of the business. The older plants are not…
Goldman Sachs has made a change in its oil services sector expectation this morning: It has raised Halliburton (NYSE: HAL) to Buy from Neutral and has raised 2008 EPS estimates by about 2.5% and…
Devon Energy Corp. (NYSE: DVN) has reached an agreement to sell its oil and gas business in Equatorial Guinea to GEPetrol, the African country’s national oil company. The value of the transaction was listed…
Rex Energy Corporation (NASDAQ: REXX) has filed with the SEC for a secondary offering of 8 million shares today. KeyBanc Capital Markets is listed as the sole selling agent. As far as the use…
Legacy Reserves LP (NASDAQ: LGCY) has filed to offer up to $500 million in limited partnership interests and debt securities. The independent oil and natural gas limited partnership acquires and develops properties in the…
Oil prices are entering a stage where they are almost bound to rise sharply. the price is near $107 again today. OPEC indicated that it would have no meetings on supply until September. Several…
If the US government is counting on help from OPEC, the can forget it. The current Administration has gone to the desert on hand and knee and begged for an increase in production is…
Fortis Merchant Banking has successfully closed syndication of a $280 million senior secured financing for Sherbino I Wind Farm LLC. This west-Texas wind farm is a joint venture owned by BP plc’s (NYSE: BP)…
MEMC Electronic Materials (NYSE: WFR) is seeing shares spanked this morning. The company has issued downward guidance with Q1 revenues of about $500 million. The problem is that previous guidance was $560 million and…
Alpha Natural Resources Inc. (NYSE: ANR) filed its intent to raise an aggregate of up to $400 million through offering $250 million for their convertible senior notes due 2015 and a concurrent common share…