China BAK Battery Inc. (NASDAQ: CBAK) recently announced that its wholly-owned
subsidiary, BAK International received subsidy of about $7.5 million for its
automated high power lithium battery project from the National Development and
Reform Commission or NDRC and Ministry of Industry and Information Technology or
MIIT. China BAK manufactures rechargeable lithium-based battery cells. JA Solar
Holdings Co. Ltd. (ADR) (NASDAQ: JASO) recently announced the sale of its
previously-written off $100 million face-value USD 3-Month LCMNER Index-Linked
Note for cash consideration of $34.6 million. This sale provides for a $34.6
million gain, which will be recorded in the fourth quarter financial report and
the impact to the fourth quarter 2010 EPS is estimated to be $0.21. JA Solar
manufactures high-performance solar cells based in Peoples Republic of China.
Power Holdings Co. Ltd. (ADR) (NYSE: STP) recently announced updated financial
guidance for fiscal year 2010, expecting to ship more than 1,500MW of solar
products and generate revenues of $2.78 billion to $2.83 billion, representing
year-over-year revenue growth of at least 64% for this year. The consolidated
gross margin is expected to be approximately 17% and operating margin of
approximately 6.5%. The company also announced its joint venture with Wuxi
Industrial Development Group and Wuxi New District E&D Group to own and operate
a 1.2GW PV cell production facility. Suntech engages in the design, development,
manufacturing and marketing of photovoltaic products, including a range of
building-integrated photovoltaic products and also provides engineering,
procurement and construction services to building solar power systems using its
own solar modules for certain related party and third party customers. A123
Systems Inc. (NASDAQ: AONE) recently announced the resignation of Michael
Rubino, CFO and Vice President of Finance & Administration, effective January
14, 2011 to join a Boston-based cleantech startup. The company has initiated a
search for Rubinos successor. 123 Systems is in the business of designing,
developing, manufacturing and selling rechargeable lithium-ion batteries and
battery systems, and provides research and development services to government
agencies and commercial customers. FuelCell Energy Inc. (NASDAQ: FCEL) recently
announced its fourth quarter and fiscal year results for 2010, with net revenues
for quarter at $19.7 million as compared to $20.4 million in the same period
last year. For the fiscal year, the revenues wrere $69.8 million compared to
$88.0 million for the comparable prior year. The net loss reported for quarter
was $12.9 million, or $0.11 per basic and diluted share and for the fiscal year
was $58.9 million or $0.63 per basic and diluted share. These improvements
resulted from lower product and commissioning costs. FuelCell Energy engages in
the development and production of stationary fuel cells for commercial,
industrial, government and utility customers. This corporate profile is provided
for information purposes only and should not be used as the basis for any
investment decision. We are neither licensed nor qualified to provide investment
advice. We were not paid, nor do we hold a position in these stocks. We reserve
the right to buy or sell CBAK, JASO, STP, AONE and FCEL at any time after this
post.
