Power-One Inc.
California-based power solutions company, Power-One, Inc. (Nasdaq: PWER) has installed 25-megawatts of solar power inverters in India -- the inverters will be employed in one of the country's largest solar farms.
Shares of solar and wind power inverter company Power-One, Inc. (NASDAQ: PWER) were down slightly at mid-session today after falling 21 percent Friday. After the market closed Thursday, Power-One reported spectacular profits, revenues and margins for Fiscal 2010 and Q4 2010, but issued cautious guidance for the first half of 2011 that scared investors.
Shares of semiconductor and solar technology technology company MEMC Electronic Materials, Inc. (NYSE: WFR) were trading up more than 13 percent at mid-day after announcing Fiscal 2010 and Q4 financial results that were dramatically higher than 2009. The company also forecast profits of 40 percent to 300 percent higher for 2011.
OTHER NEWS: Ormat Technologies, LDK Solar, Power-One
The overall clean tech sector declined dramatically during 2010 compared with strong positive performances for the U.S. overall stock market indices. Most European markets had shaky years and the Shangai Composite Index had the lowest performance among major markets tracked by EnergyBoom (2010 market data below).
However, the real story of 2010 was the spectacular gains of companies that bucked the down-trend for clean tech stocks. Here are the 2010 top 25 companies in the EnergyBoom Clean 100 Index (E•B Clean 100):
EnergyBoom’s Efficiency Subindex (E•B Efficiency) increased 4 percent this week to beat the broad market indices and other green sector indices, led by Power-One, Inc. (NASDAQ: PWER), which increased 14 percent, and Rubicon Technology, Inc. (NASDAQ: RBCN), which was up 11 percent.
Halliburton Co. shares (NYSE: HAL) were heading lower in early trading today after the Presidential Commission investigating the BP Gulf Oil Spill said Thursday the company did a cementing job on the Macondo well knowing that the cement was unstable.
Google (NASDAQ: GOOG) generated much excitement in the media this week with its plan to build a smart grid undersea power transmission line along the U.S. Atlantic coast over the next decade.
The lazy, hazy days of summer are behind us .The clean energy sector beat the broader market indices over the past three months -- led by a handful of solar companies and a few stalwart energy efficiency companies.
All data below is based on Friday’s pre-Labor Day Weekend close.
