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SunPower, Suntech Expect U.S. Tax Credit to Rescue Solar Power (SPWRA; STP)

From Bloomberg: SunPower Corp. and Suntech Power Holdings Co. , solar manufacturers that lost half their value in the past month, are counting on tax credits in the U.S. bank bailout bill to boost sales as European incentives wane. Utilities, warehouses and retailers from Wal-Mart Stores Inc. to Whole Foods Market Inc. can deduct 30 percent of a solar system's cost from federal income...

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HP Completes Solar Installation

Hewlett Packard announced that it has completed a 1.1-megawatt solar-electric power system on the roof of its printing technology research and development facility in San Diego. The solar system was installed by SunPower Corp. It is expected to reduce more than 60 million pounds of CO2 emissions over the next 30 years; equivalent to providing electricity [...]

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Schwarzenegger: Solar Can't Be Stopped

... late-day trading, First Solar shares ( - - ) jumped $22.45, or 19.1 percent, to $139.90 per share; SunPower Corp.'s ( - - ) stock shot up $7.47, or 17.37 percent, to $50.48; LDK Solar's ( - - ) stock rose $1.65, or 8.04 percent to $22.20 per share; and Evergreen Solar's ( - - )increased 58 cents, or 16.86 percent, to $4.03. During late-day trading, First Solar shares ( - - ) jumped...

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Evolution Solar Goes Green, Green, Green

TEMPE, Ariz.--(BUSINESS WIRE)--Evolution Solar Corp.'s (Pink Sheets: EVSO) stock price goes green, moving up 20% from its low on Oct. 10, 2008, on increased volume. "The stock price

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Applied Materials Unveils 2 Megawatt Solar System

... in the U.S. They system incorporates more than 7,000 wafer-based solar panels made by SunPower Corp. using Applied’s Baccini Cell Systems, and is capable of generating approximately 2 megawatts of power annually.Applied Materials says the parking lot-mounted system tracks the sun to increase the efficiency of the panels while also serving as shade for several hundred employee cars.The...

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Solar industry celebrating US boost gets broadsided by global meltdown

... bell the day before the vote. Shares of Ja Solar Holdings Co., GT Solar International Inc. and SunPower Corp. are down more than 30 percent, and Suntech Power Holdings Co. Ltd. fell nearly 20 percent.The renewable industry depends on equity as well as credit to complete projects, and the credit market has frozen. Without access to capital, solar companies may cut back on expansion...

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Good week, bad week for solar industry

... bell the day before the vote. Shares of Ja Solar Holdings Co., GT Solar International Inc. and SunPower Corp. are down more than 30 percent, and Suntech Power Holdings Co. Ltd. fell nearly 20 percent.The renewable industry depends on equity as well as credit to complete projects, and the credit market has frozen. Without access to capital, solar companies may cut back on expansion...

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Good week, bad week for solar industry

... bell the day before the vote. Shares of Ja Solar Holdings Co., GT Solar International Inc. and SunPower Corp. are down more than 30 percent, and Suntech Power Holdings Co. Ltd. fell nearly 20 percent.The renewable industry depends on equity as well as credit to complete projects, and the credit market has frozen. Without access to capital, solar companies may cut back on expansion...