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Green Mountain Reports Q1 Results

Green Mountain Coffee Roasters, Inc., (NASDAQ: GMCR) announced first quarter results. Net sales increased 26.8% to $63.9 million, up from $50.4 million in the first quarter of 2005. Total coffee pounds shipped were up 18.5% to 7.5 million pounds. Net income for the first quarter increased 23.9% to $3.0 million, or $0.38 per diluted share, compared to $2.4 million, or $0.32 per diluted share for the first quarter of 2005. Robert Stiller, Chairman, President and Chief Executive Officer, said, “I am pleased with our strong sales growth this quarter which has exceeded our prior expectations and guidance of 20% to 25%. I am particularly happy with the momentum in all of the Company’s channels with many exciting developments and opportunities like McDonald’s restaurants in New England and New York. We continue to build strength in our office coffee service and consumer direct businesses. As we anticipated, our growth has been fueled largely by people’s enthusiasm for our coffee in the Keurig Single-Cup Brewer, as well as by increasing demand for our Fair Trade Certified(TM) and organic offerings. This success is gratifying to all of us at the Company as we seek to provide consumers with the ultimate coffee experience and […]

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SatCon Reports Quarterly Results

SatCon Technology Corporation (Nasdaq NM: SATC), a developer and manufacturer of power electronics and motors for the alternative energy markets, today announced operating results for the quarter ended December 31, 2005. Net loss for the quarter was $1.3 million, or $0.03 per share, compared with a net loss of $1.4 million, or $0.05 per share, for the same period in fiscal 2005. “This quarter should be viewed as a transition quarter,” commented David Eisenhaure, Chairman and CEO. “We closed the books on the December quarter with 14 megawatts of solar inverters already shipped and on the strength of the product launch of our 500kW solar inverter we are emerging as the leading provider of commercial grade inverters. Our market traction in the burgeoning photovoltaic market combined with our leading position in providing inverters for the stationary fuel cell market give us confidence that our revenue growth in the alternative energy sector is sustainable. This is an important inflection point for our company as we invest in the service infrastructure to support the anticipated growth. The sale of the non-strategic shaker and amplifier product line was a key step in this transition.” Revenue for quarter ended December 31, 2005 was $7.1 […]

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Trex Announces Q4, 2005 Results

Trex Company, Inc. (NYSE: TWP), manufacturer of Trex decking and railing, announced financial results for the fourth quarter and full year ended December 31, 2005. Net sales for the fourth quarter rose 49% to $44.0 million, compared to $29.6 million for the fourth quarter of 2004. The Company reported a net loss for quarter of $10.1 million, or $0.68 per diluted share, compared to a net loss of $0.4 million, or $0.02 per diluted share, for the 2004 fourth quarter. For the full 2005 year, Trex reported 16% increase in net sales of $294.1 million, compared to $253.6 million for 2004. Net income for 2005 was $2.5 million, or $0.17 per diluted share, compared to $27.2 million, or $1.83 per diluted share, for 2004. Chairman and Chief Executive Officer Anthony J. Cavanna commented, “We are pleased with Trex’s strong revenue growth in the fourth quarter, which reflected low inventory levels in the channel combined with favorable weather conditions and our dealers’ anticipation of a strong 2006. “This positive top-line performance was offset by lower utilization of the company’s manufacturing facilities and the resulting underabsorption of fixed plant costs. Continued increases in the cost of plastic raw materials and a series […]

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Weekly Clean Energy Roundup:February 15, 2006

News and Events Solargenix Breaks Ground on Large Solar Power Plant in Nevada Nevada to Host the World’s Largest Photovoltaic Power Plant BP and Edison Plan a 500-Megawatt Hydrogen Project in California Ford and GM to Help Install E85 Pumps in Missouri and Illinois Nanotech Proposal Holds Promise for Clean Energy Technologies DOE Conducts Energy Assessments at Four Industrial FacilitiesEnergy ConnectionsNatural Gas Wholesale Prices Down 24 Percent, Says Platts News and EventsSolargenix Breaks Ground on Large Solar Power Plant in NevadaSolargenix Energy LLC broke ground this weekend in Boulder City, Nevada, on a 64-megawatt solar thermal power plant, the largest of its kind to be built since 1992. Called Nevada Solar One, the power plant will employ trough-shaped mirrors to focus the sun’s energy onto “receiver” tubes that carry oil. The hot oil will be used to boil water into steam, which will drive a turbine and generator to produce power. According to Schott, which is providing 19,300 receiver tubes for the plant, its new efficient receiver tube design will heat the oil to more than 750 degrees Fahrenheit. Acciona Energia, a Spanish renewable energy company, is investing $262 million in the plant, which should begin power production next year. […]

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Quantum to Develop Hydrogen Hybrid SUV for the US Army

Quantum Fuel Systems Technologies Worldwide, Inc. has been awarded a contract to develop a hydrogen-fueled Ford Escape Hybrid vehicle for the U.S. Army National Automotive Center (NAC). Under this contract, Quantum will evaluate different hydrogen fuel system configurations, considering the feasibility of bi-fuel (switchable between gasoline and hydrogen) and dedicated hydrogen systems. Quantum will develop an advanced hydrogen storage system, fuel injection system, and electronic controls required for the Hydrogen Escape Hybrid. The work will be conducted by Quantum at its Advanced Vehicle Concept Center in Lake Forest, CA. This Hydrogen Escape Hybrid contract complements the Mobile Hydrogen Infrastructure program, which is funded in the FY 06 Department of Defense budget. The overall objective of the MHI program is to demonstrate the capability of Quantum’s HyHauler Plus(TM) transportable hydrogen refueling stations to meet emerging hydrogen fuel demand as hydrogen and fuel cell technologies are deployed throughout the military as part of the 21st Century Base initiative. This demonstration program includes supporting the deployment of hydrogen internal combustion engine administrative vehicles, including the Hydrogen Escape Hybrid, as well as fuel cell vehicles. “We are pleased that the U.S. Army has selected Quantum to develop the Hydrogen Escape Hybrid, as we continue […]

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Hoku to Manufacture 10 Fuel Cell Systems for US Navy

Hoku Scientific, Inc. has provided an update on the status of its contact with the U.S. Navy. Hoku announced on January 19, 2006 that, along with partner IdaTech, it would begin manufacturing 11 fuel cell systems, 10 of which will be field tested by the U.S. Navy over a twelve-month period. This manufacturing and demonstration agreement is the result of Hoku’s successful completion of all milestones in its initial contract with the U.S. Navy. Dustin Shindo, chairman, president and chief executive officer of Hoku Scientific said, “We are working with the U.S. Navy to finalize the demonstration site selection, preparation and logistics, which is taking longer than we had previously anticipated. In addition, although we have achieved all of our initial Navy contract milestones on time, including the successful demonstration of our Hoku MEA in the IdaTech fuel cell stack and system generating in excess of 1-kilowatt of electrical power in December 2005, we have not yet run an IdaTech fuel cell stack incorporating our Hoku MEA for a prolonged period of time. As we previously announced, this fuel cell demonstration program is our first opportunity to publicly demonstrate Hoku MEA in full-size fuel cell systems operating under real-world conditions. […]

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