New Sermon from the Evangelical Pulpit – Global Warming
URL: http://www.csmonitor.com/2006/1109/p13s01-lire.html Website: http://www.csmonitor.com/2006/1109/p13s01-lire.html
Britain Raps Supermarkets on Food Packaging
URL: http://www.planetark.com/dailynewsstory.cfm/newsid/38955/story.htm Website: http://www.planetark.com/dailynewsstory.cfm/newsid/38955/story.htm
Ocean Power Files for IPO
Ocean Power Technologies, Inc., a wave energy technology developer, has filed for an IPO to sell 100 million shares on the Nasdaq in the U.S. on London’s AIM market. The Company intends to use the proceeds to construct demonstration wave power stations and to fund minority investments in wave power station projects to encourage market adoption of the Company’s wave power stations; to fund the continued development of the Company’s PowerBuoy® system, including increases in system output; to expand its international sales and marketing capabilities; and for working capital. Ocean Power Technologies, Inc. develops and is commercializing proprietary systems that generate electricity by harnessing the ocean wave energy. The Company’s PowerBuoy® system is based on modular, ocean-going buoys, which have been ocean tested for nearly a decade.
Timberland Considers Sale
Timberland Co. (NYSE:TBL) is reaching out to potential buyers to sell the company, the Wall Street Journal reported. The company is valued at almost $2 billion. Timberland is one of the leading socially and responsible companies in the world. The founding family, the Swartz family, has retained about 70% of the voting power and would need to approve any potential suitor.
Euro Cleantech Investment Drops
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SolarWorld AG Triples Profits
SolarWorld AG (SWV.BE), based in Germany, reported third quarter and nine month results: Earnings before interest and taxes (EBIT) grew 198% to 77.4 million EUR (2005: 26M) and rose 148% to 142.2 million EUR (2005: 57.4) from January through September. The consolidation of the former Shell companies generated one-off income of 53.9 million EUR. Adjusted for extraordinary effects, the SolarWorld Group increased its EBIT by 40% to 36.5 million EUR in the third quarter and by 76% to 101.3 million EUR in the first nine months. Group profits climbed by 319% year-on-year to 63.3 million EUR (2005: 15.1M) for the quarter. In the first nine months, profits more than tripled to 103.4 million EUR(2005: 33.6M) . Due to the expansion, group sales grew along the entire value chain by 29% to 142.0 million EUR(2005: 110.5M) in Q3 and by 32% to 326.5 (2005: 247.1M) million EUR in the period from January to September. SolarWorld AG confirmed its sales forecast of about 40% growth year-on-year for 2006. Due to the significant one-off effect of the Shell transaction and the positive development of the group’s operating business, the Board of Management of SolarWorld AG has lifted its profit forecast for the 2006 […]
Akeena Solar Announces Q3 Results
Akeena Solar, Inc. (AKNS.OB), a solar system designer and installer, announced results for the third quarter and nine months ended September 30, 2006. “Strong demand for solar power and solid execution delivered revenue growth of almost 30 percent sequentially and over 60 percent compared to the third quarter of last year,” said Barry Cinnamon, CEO of Akeena Solar. “In fact, we are increasing our 2006 revenue guidance to exceed 70 percent growth over 2005.” Net sales for Q3 2006 were $3.6 million, an increase of 62% from $2.2 million in Q3 2005. Gross profit for the quarter was $890,000 (25% of sales), down from 32% of sales in Q3 2005. The company had a net loss for the quarter of $527,000 ($0.05 per share), compared to net income of $195,000 ($0.02 per share) for Q3 2005. For the nine months ended September 30, 2006, Akeena reported net sales of $8.9 million and gross profit of $2.2 million, or 25 percent of sales. This compares to net sales of $4.8 million and gross profit of $1.1 million, or 24 percent of sales, for the same period last year. The company reported a net loss of $755,000, or $0.08 per share, for […]
Q-Cells AG Publishes Q3 Results
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ZAP Posts Record Sales
ZAP (ZAAP.OB), an electric vehicle distributor, posted record sales for the first nine months of 2006 and its first profit for the quarter. Sales for the third quarter were $2.6 million compared to $799,000 in 2005; for the first nine months of 2006 sales were $9.9 million, up from $2.9 million in 2005. ZAP reported a net income of $305,000 for the quarter ended September 30, 2006 as compared to a net loss of $6.8 million for the quarter ended September 30, 2005. Contributing to the profit was a gain on the settlement of the Smart-Automobile LLC liability during the quarter. ZAP has established an automotive dealer network to market electric vehicles. Sales for all of ZAP’s electric transportation have risen, from its ZAPPY3 electric transporters, to its scooters, mopeds, bicycles, motorcycles, dirt bikes, seascooters and more. “With record sales and a net profit, ZAP is grateful to all the supporters who believed in us for the past 12 years,” said CEO Steve Schneider. “In particular, we want to thank our dealers who are the true ambassadors of electric transportation in communities across the country.” Website: http://www.zapworld.com
Wild Oats to Close 8 Stores
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