CORAL SPRINGS, Florida, April 16, 2015 /PRNewswire/ --
Alternative Energy expansion in North America continues to flourish as a greener energy sector offers more natural gas and renewable energy solutions while more solar and wind plant operations experience explode with growth potential. Energy companies in focus today are: Atlantic Wind & Solar, Inc. (OTC: AWSL), SunPower Corporation (NASDAQ: SPWR), First Solar, Inc. (NASDAQ: FSLR), Canadian Solar Inc. (NASDAQ: CSIQ) and Ballard Power Systems Inc. (NASDAQ: BLDP)
Atlantic Wind & Solar, Inc. (OTC: AWSL) is pleased to announce its results on financial operation for fiscal year ending Dec 31, 2014. Sales growth continued with sales up 38 % to $5,409,135 and profitability up substantially to $2,410,768 representing a 1,138% improvement for the same period. Operating expenses dropped for the 6th straight year to $542,355.00 down 46.6% from the previous year. The balance sheet was improved significantly with accounts payable and accounts receivable reductions of 45.4% and 53.7% respectively. Total liabilities were reduced to $2,267,031 down 53% against total assets of $4,407,107.
Read the full AWSL Press Release at http://www.financialnewsmedia.com/profiles/awsl.html
Commenting on the results, Chairman & CEO Gilles Trahan said "I am pleased to report Atlantic continued its sales and earnings growth pattern established over the past five years. This was despite the foreign exchange hit on Canadian dollar derived sales. We are very proud of the work we have done to strengthen our balance sheet and continue to cut costs while still growing our sales pipeline. I thank our team for their dedication."
In other Basic Materials News & Happenings: SunPower Corporation (NASDAQ: SPWR), a leading global provider of solar solutions, and EnerNOC, Inc. (NASDAQ: ENOC), a leading provider of energy intelligence software (EIS), recently announced a strategic agreement that will enable SunPower's customers to verify the impact of their solar energy investments and drive optimum energy savings with EnerNOC's world-class energy intelligence platform. Under the three-year agreement, EnerNOC will exclusively offer SunPower solar solutions to its enterprise customer base, and SunPower will exclusively offer EnerNOC's energy intelligence software to its commercial and industrial solar customers in the U.S. and Canada. As part of the agreement, SunPower will start deploying EnerNOC's SaaS (software as a service) solution bundled with solar to its existing enterprise and institutional customers. "SunPower is focused on offering Smart Energy solar solutions to allow our customers to intelligently manage energy supply and demand, and achieve their energy goals," said Tom Werner, SunPower president and CEO. "With EnerNOC's energy intelligence software, our customers will get energy and demand management analytics integrated with real-time SunPower solar production and performance. This will allow them to better budget and manage their energy bills, including shifting usage to mitigate demand charges, which may comprise 30 percent or more of a monthly energy bill. Our two companies will work together to continuously evolve these services and offer customers best-in-class solar technology coupled with industry-leading energy intelligence and management."
First Solar, Inc. (NASDAQ: FSLR) provides solar energy solutions worldwide. The company operates through two segments, Components and Systems. The Components segment designs, manufactures, and sells solar modules that convert sunlight into electricity. This segment manufactures cadmium telluride and crystalline silicon modules for project developers and system integrators, as well as owners and operators of photovoltaic (PV) solar power systems. On Wednesday, FSLR closed up 4.36% on over 3.7 million shares traded.
Canadian Solar Inc. (NASDAQ: CSIQ), one of the world's largest solar power companies, recently announced that its wholly owned subsidiary, Canadian Solar Solutions Inc., in the first quarter of 2015 completed the sale of the third 10 MW AC solar power plant, "CityLights," to Renewable Energy Trust Ontario Holdings, INC/ULC (RET Capital), at a valuation comparable to other recent project sales completed by Canadian Solar on a per megawatt basis. This plant uses Canadian Solar's CSX-P-300|305P panels. The CityLights solar power plant is located in the town of Chesterville, Ontario. The electricity generated by this power plant, currently in operation, will be sold to Hydro One under a 20-year Independent Energy Systems Operator feed-in-tariff contract. Canadian Solar provided turnkey engineering, procurement, and construction services, and will further provide operations and maintenance services.
Ballard Power Systems Inc. (NASDAQ: BLDP) recently announced that it has received an order from a Chinese customer to supply its next-generation FCvelocity[TM]-HD7 power modules for 8 buses to be deployed in a number of Chinese cities. Ballard expects to ship all of the modules in 2015. Randy MacEwen, Ballard's President and CEO said, "We are now beginning to see meaningful evidence of growing demand for clean energy mass transportation alternatives in China, including both buses and trams. This demand is being driven by a pressing need to address China's challenging air quality issues, for which fuel cell technology is seen as an emerging option." China's rapid economic expansion over the recent past is resulting in public concern regarding deteriorating levels of air quality. As a result, the Government is investing heavily in the renewable energy industry and on actions designed to save energy and reduce emissions.
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