Google-Backed Solar Startup Picks Up Steam, $130 Million
In Wired.com :
Rising oil prices lift all alt-energy boats.
For proof, look no further than the fat $130 million investment scooped up by eSolar, a company whose basic solar power strategy -- using sunlight-reflecting mirrors to generate steam -- was all but abandoned in the 1980s, and has recently recently caught investors' attention again.
The money, from Google's philanthropic arm, Google.org, and venture capital firms Idealab and Oak Investment Partners, will go towards the construction of eSolar's first functioning solar power plant.
Read it hereLabels: Google, solar, Solar Energy, solar fund
SunPower stock slides on third-quarter view
We had Sun Power (NASDAQ: SPWR) releasing earnings today, and the market reacted with a big Sell-off. The news were this:
SunPower's first-quarter net income was $12.8 million, or 15 cents per share, compared with $1.2 million, or 2 cents per share, a year earlier.
Excluding special charges, SunPower earned $39.1 million, or 39 cents per share. Analysts, on average, had been expecting 35 cents per share, according to Reuters Estimates.
reuters articleEven after this recent move, the opening tomorrow will probably be on the upside with the positive earnings on Google pushing the whole market higher.
I will update some charts and news of more solar stocks that are in the move tomorrow.
Labels: Earnings, Google, Solar Stocks, SPWR, Sunpower
Wal-Mart going Solar
Looks like Wal-Mart is joining Google and Microsoft, by installing solar panels all over their facilities in the U.S.
The company could put solar panels on as many as 340 stores in the next few years.
With total capacity nearing 100 megawatts throughout all of its stores.
Wal-Mart campaign is huge and could jump start the alternative energy industry into another gear in America.
Financial Nirvana Blog commented on this
hereOriginal article in this
blogWhat will be the lucky company that will provide this amount of soler cells?
Wal-Mart intends to notify the winner of the contract on February 28!
Labels: Google, Microsoft, Solar Projects, WMT
