FL regulators approved a $196M rate increase for FPL to pay for POSSIBLE nuke plants and upgrades. Cost to customers >$2/MW, up from 33 cents/month.
Yingli seeing surge in sales in Germany and acceleration in Italy. Panel prices have dropped 40% lately.
Bridgelux got $15M more from VC's to accelerate R&D on their gallium nitride-on-silicon LED chip tech. Lighting a $100B industry. $200M invested to date in Bridgelux. $32M in revs last year expected to hit $80M this yr. Switch to solid state lighting, sapphire to silicon.
And there really wasn't much more news today. That happens.
O yea. FSLR's CEO suddenly resigned and FSLR is down 22%. I'd say buy it.
Tuesday, October 25, 2011
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