Monday’s Renewable Energy Stocks Trading ; YGE, STP, LDK, (OTC:CWET)
Investors on the Hunt for ‘Green’
Point Roberts WA- Aug. 23, 2011 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in cleantech investor research, reports on trading for renewable energy stocks for Monday August 22. Investors found gains in yesterday’s trading session as the overall market showed positive signs.
Wind stock, Clean Wind Energy Tower Inc (OTCBB:CWET) ended the day lower by 0.010 (-5.00%) to $0.190. The company is currently working its location for the first large downdraft wind tower.
LDK Solar Co., Ltd (NYSE:LDK) moved 0.14 (2.77%) to $5.20.Last week, after it trimmed its expected revenues for the second quarter and the rest of the fiscal year due to a significant drop in the price of solar wafers and modules.
From a previous revenue forecast in the range of $710 million to $760 million, the company now just expects sales to reach $480 million to $500 million for the second quarter or as much as a 34 percent cut, the Jiangxi-based company said in a statement last week.
DayStar Technologies Inc. (NASDAQ:DSTI) added 0.010 (3.57%) to close at $0.290.
Hoku Corporation (NASDAQ:HOKU) gained 0.10 (5.29%) to $1.99.
MEMC Electronic Materials, Inc. (NYSE:WFR) shares added 0.24 (4.12%) to $6.06.
Yingli Green Energy Hold. Co. Ltd. (NYSE:YGE) gained 0.31 (5.89%) to $5.57 after it was upgraded today by HSBC Securities (NYSE:HBC) to neutral from underweight.
Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) shares fell 0.03 (-0.59%) to $5.07. The company trimmed its full-year revenue forecast to $3.2-$3.4 billion. It also warned it could lose $30 million this quarter from hedging and foreign exchange moves.
Suntech expects photovoltaic shipments to rise 15 percent this quarter from the previous three months, but improved demand for solar panels will come at a cost.
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Featured Wind Stock - Clean Wind Energy Tower Inc (OTCBB:CWET
Clean Wind Energy, Inc., a wholly owned subsidiary of Clean Wind Energy Tower, Inc, is designing and preparing to develop, and construct large "Downdraft Towers" that use benevolent, non-toxic natural elements to generate electricity and clean water economically by integrating and synthesizing numerous proven as well as emerging technologies. In addition to constructing Downdraft Towers in the United States and abroad, the Company intends to establish partnerships at home and abroad to propagate these systems and meet increasing global demand for clean water and electricity. Clean Wind has assembled a team of experienced business professionals, engineers and scientists with access to the breakthrough energy research upon which this technology is founded and the proven ability to bring the idea to market. Clean Wind has filed several patents that the Company believes will further enhance this potentially revolutionary technology. www.cleanwindenergytower.com
Clean Wind Energy, Inc. Contact:
1997 Annapolis Exchange Parkway Suite 300
Annapolis, Maryland 21401
Visit the CWET showcase page at Investorideas.com: http://www.investorideas.com/CO/CWE/
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