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China Technology Development Group (Nasdaq: CTDC) Buzz Stock of the Day

Tuesday, October 27th, 2009

China Technology Development Group (Nasdaq: CTDC), an integrated clean energy corporation, announced Tuesday that the company will acquire a majority interest in China Technology Solar Power Holdings Limited. The stock purchase agreement states that China Technology Developemtn Group will obtain a 51 percent equity interest and become the major shareholder of CTSPHL Group.

The announcement sent shares skyrocketing more than 39 percent, to a high of $5.09 from Monday’s closing price of $3.66. More than 978,000 shares changed hands by 10:45 a.m. EDT Tuesday, 10 times greater than the stock’s 50-day average daily volume of 97,000, according to Nasdaq.

Chairman and CEO of China Technology Development Group commented in a statement about the acquisition, “We are very pleased to become a controlling shareholder of CTSPHL Group. This marks a significant step that CTDC has made to enter into the solar power station arena and become one of the first overseas listed Chinese companies to hold an operating license from the Chinese government to operate on-grid solar power stations in China,” commented by of the Company.

China Technology Development Group (CTDC) believes the acquisition will advance the company’s goals of becoming a fully-integrated solar company with the capacity and qualifications to design, build, and operate solar power plants.

CTSPHL Group, through its wholly-owned subsidiary, is developing a 100MW grid-connected solar power plant project located in Delingha City of Qaidam Basin in Qinghai Province, Northwestern China. Upon closing of the acquisition, the Company and CTSPHL Group will jointly develop the Delingha 100MW Solar Project. CTSPHL Group has obtained a 25-year operating license from the Qinghai Provincial Development and Reform Commission for the first phase of the Delingha 100MW Solar Project, consisting of 10MW. Construction commenced on the first phase on 28th September 2009 and is expected to be completed by the end of 2010.

China Technology Development is an up-and-coming integrated clean energy group focused on providing solar energy products and solutions. The Company has an 8.86 million-share float with only 257,000 shares short as of Sept. 25, according to Yahoo Finance. Only 3.2% of the company’s shares are held by insiders with another 1.7% owned by institutions. CTDC’s major shareholders include China Merchants Group and Beijing Holdings Limited.

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Echelon Corp. (ELON) – Buzz Stock of the Day

Monday, August 10th, 2009


Shares of Echelon Corp. (NASDAQ: ELON) were up more than 45 percent today after the maker of energy efficiency products announced a long-term agreement to supply “smart meters” to Duke Energy Corp. (NYSE: DUK).

Duke Energy has described the smart grid as one of the greatest advancements of the 21st century,” said Ken Oshman, chairman and CEO of Echelon in a statement.

Echelon’s smart meters allow households to monitor electricity usage while also sending data back to power providers. By bringing the wide area network connection point down to the neighborhood transformer, the company’s NES architecture allows a utility to pinpoint problems in its network at a very precise location, and can improve customer service, for example, by eliminating cost and time associated with outage detection.

The creation of a “smart grid” is considered by some to be essential to modernizing the U.S. power delivery system, according to many experts.

“It’s the marriage of information technology and automation technology with the existing electricity network. This is the energy Internet,” said Bob Gilligan, vice president for transmission at GE Energy, which is aggressively pursuing smart grid development. “There are going to be applications 10 years from now that you and I have no idea that we’re going to want or need or think are essential to our lives.”

However, other experts warn that a “smart grid” isn’t smart enough yet to keep hackers away.

Mike Davis, a senior security consultant with Seattle-based IOActive Inc., demonstrated how a computer worm could hop between the meters at homes and businesses within a smart grid network. Such a worm could give troublemakers remote control of the meters, allowing them to disconnect someone’s power, for example.

“Every time we redesign a new technology like this, we’re doomed to relive the ’80s and ’90s all over again and the same vulnerabilities,” he told the AP.

Duke Energy has received regulatory approval to deploy smart grid infrastructure in Ohio, and plans to launch a five-year mass deployment of smart grid technology later this year including more than 700,000 electric smart meters in Ohio. In Indiana, Duke Energy is seeking approval from the Indiana Utility Regulatory Commission to install smart grid technology, including approximately 800,000 smart meters.

Echelon said the deal could represent a revenue opportunity of $150 million. The initial order is worth $15.8 million, with deliveries expected to begin at the end of the quarter, the company said.

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American Superconductor Corp. (AMSC): Buzz Stock of the Day

Thursday, July 30th, 2009

American Superconductor Corp. (NASDAQ: AMSC) caught a tailwind this morning after the maker of wind-energy components announced first quarter earnings that beat analysts’ expectations thanks in large part to China’s greening.

“China, in particular the China wind industry, is the primary driver for our growth today,” said American Superconductor CEO, Greg Yurek in a conference call with analysts.

For the first quarter, the company posted net income of $1.8 million, or 4 cents a share, compared with a net loss of $6.1 million, or 14 cents a share, a year ago. Excluding items, it earned 12 cents a share. Revenue grew 83 percent to $73 million.

AMSC’s largest customer, wind-energy generator maker, Sinovel Wind, accounted for approximately70 percent of AMSC total revenue, and recently increased the its total contract value with American Superconductor to $470 million.

The original Sinovel contract, signed in January and valued at $450 million, had called for AMSC to ship core electrical components for Sinovel’s 1.5 megawatt wind turbines through the end of December 2011. Now, AMSC will increase its core electrical component shipments to Sinovel in 2009 and 2010 and now agrees to complete all shipments by the end of April 2011.

In 2008, China grew the installed base of wind turbines to about 12 GW and early this year declared that they intended to add another 10 GW or more in 2009, Yurek noted. Research by China Wind Energy Association projected that China would grow its wind power installed base between 108 GW and 132 GW by 2020.

“With Sinovel continuing to gain market share, many of our other wind turbine manufacturers set to commence production over the next 12 months, and power grid demand on the rise worldwide, AMSC’s outlook is stronger than ever,” said Yurek, adding that Sinovel is looking to double its production in 2009 and further growth is expected in 2010 and beyond.

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