Electrical Components & Equipment

Germany, already an avid fan of solar energy, announced they would have all nuclear power plants shut down by the year 2022. This was in response to the horrific catastrophe in Japan just a couple months ago. The meltdown at the Fukushima Daiichi nuclear plant caused radiation to spread...

By 11:00 am, the Dow Jones Industrial Average was up 62.74 points, or 0.50%, to 12,504.32, while the broader Standard & Poor's 500 index had gained 6.64 points, or 0.50%. The NASDAQ composite index rose 14.19 points, or 0.51%. Some of the narrow based indexes that are driving the markets are...

At 10:10 am, the Dow rose 0.82% to 12,543.53, the broader Standard & Poor's 500 index moved up 0.73% to 1,340.88 and the NASDAQ composite index gained 0.72% to 2,816.98. The industries that are driving the market today are: Semiconductor - Specialized: This industry jumped 2.39% by 10:10 am....

FuelCell Energy (NASDAQ: FCEL) today announced a two-year order for 70 megawatts of fuel cell kits from POSCO Power. The total value of the order and other commitments for services is estimated to be at least $129 million with delivery of fuel cell kits beginning in October 2011 and occurring...

Harbin Electric, Inc., (Nasdaq: HRBN) has received telephone calls and emails from a number of investment professionals inquiring about rumors concerning its Chairman and Chief Executive Officer, Mr. Tianfu Yang and its Chief Financial Officer, Mr. Zedong Xu, including that Mr. Yang and Mr. Xu have...

As the day continues to progress, the stock price of Harbin Electric (NASDAQ: HRBN) fell over $1. Since Thursday morning, the value of Harbin Electric's stock fell from around $17.33 per share to as low as $15.50 per share, a modest fall compared to previous months. On Thursday, the stock price...

Fushi Copperweld, Inc. (NASDAQ:FSIN) staged a 19% gain yesterday, closing at $7.07. This came  after the company provided an update on a proposed $11.50 offer from management to take the company private. In the update the company reported that a special committee, set up to consider the proposal, ...

Cusick's Corner Sorry folks -- the Midday edition was not emailed but it is posted on the blog, www.xpoundblog.com. I did get some emails about what I meant when I said yesterday that the market looks like it will "pop." I was referring to the upside and that is what we saw into the After Hours....

Cusick's Corner Stocks are trading mixed in the wake of disappointing economic data. A report released early Thursday showed Gross Domestic Product increasing at an annual rate of just 1.8 percent during the first quarter of this year. Economists were looking for an increase of 2 percent....

Suntech Power Holdings (NYSE: STP) and solarhybrid AG announced a strategic partnership for the supply of up to 190MW of solar panels to solarhybrid in 2011. Under the terms outlined in the agreement, Suntech will become solarhybrid's key partner and will supply solar panels for the majority of...

Noted short seller and sometimes uber-bear Jim Chanos of Kynikos Associates spoke at the Ira Sohn Conference yesterday, and said that the alternative energy sector, particularly wind and solar, are shorts, and he gave a rather scathing review of First Solar (NASDAQ: FSLR). Chanos said that...

On this date in 1897, Bram Stoker first published his famous novel, Dracula. Since then, the fanged night-owl has been draining the blood of victims and capturing the hearts of readers across the globe. Let's face facts: Dracula is so much cooler than Edward, the Twilight twit. Unlike the modern...

As previously announced, Fushi Copperweld's (NASDAQ: FSIN) Board of Directors formed a Special Committee of independent directors to consider this proposal. The Special Committee has negotiated and executed confidentiality and standstill agreements with each of Mr. Fu and Abax. The Special...

In response to investor inquiries, the Special Committee of the Board of Directors of Fushi Copperweld, Inc. (Nasdaq: FSIN) today provided an update regarding the proposal previously submitted by the Company's Chairman and Co-Chief Executive Officer, Mr. Li Fu and Abax Global Capital Limited on...

Auriga is out with its report today on Suntech Power Holdings (NYSE: STP), maintaining Buy. In a note to clients, Auriga writes, "We maintain our Buy-rating for shares of Suntech after a surprisingly decent Q1 report. STP was the last of the solar names to report Q1 results and, after many peer...