Energy News: First Solar, Inc. (FSLR), SunPower Corporation (SPWR), Chesapeake Energy Corporation (CHK)

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Editor’s Note: Related Tickers: First Solar, Inc. (NASDAQ:FSLR), SunPower Corporation (NASDAQ:SPWR), Chesapeake Energy Corporation (NYSE:CHK), Exxon Mobil Corporation (NYSE:XOM), Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP), BP plc (ADR) (NYSE:BP)

First Solar Sees Mideast Renewable Power Accelerating From 2014 (Bloomberg)
First Solar, Inc. (NASDAQ:FSLR), the largest thin- film panel manufacturer, sees “significant growth” in renewable energy projects being developed in the Middle East and North Africa by the end of 2014. Solar power projects with planned cumulative capacity of 500 megawatts to 1,000 megawatts will be under development or tendered by governments by then, Ahmed Nada, the Middle East vice president for business development, said today in Dubai. First Solar will seek to win some of those projects, he said. “Any company of our size would aim to have a substantial market share” of the power plants to be developed, he said.

First Solar, Inc. (NASDAQ:FSLR)Credit: First Solar, Inc. (NASDAQ:FSLR)

SunPower Launches X-Series Family of Solar Panels with World-Record Efficiencies (Power Engineering Magazine)
SunPower Corporation (NASDAQ:SPWR) has introduced its SunPower X-Series Solar Panels (X-Series), a new product line for the residential market that offers an unprecedented 21.5 percent efficiency. The X-Series delivers more energy, higher reliability and superior aesthetics than conventional solar panels. The new world-record efficiency of this product line has received third-party validation by the National Renewable Energy Laboratory (NREL). The X-Series is made with SunPower’s third-generation Maxeon solar cells which are built on a solid copper foundation for high reliability and performance. This foundation makes them virtually impervious to the corrosion and cracking that typically degrade conventional panels. As a result, SunPower Corporation (NASDAQ:SPWR) solar panels are backed by the industry’s first combined 25-year product and power warranty.

Chesapeake Energy nearing completion on three more office building sales (Journal Record)
Chesapeake Energy Corporation (NYSE:CHK) is definitely not done selling off some of the office buildings it has acquired in recent years near its corporate campus in Oklahoma City. In December the energy firm sold the Caliber Center and Harvey Parkway. These two buildings totaled 350,000 square feet. Now, it appears Chesapeake is in the process of selling Atrium Towers at NW 63rd and Hefner Parkway, and the former IBC Bank building that is located adjacent to Atrium Towers. According to a Price Edwards & Company first quarter market statistics blog, Chesapeake is expected to complete the sale of these properties during the second quarter to another locally headquartered company.

Exxon Mobil Given “Buy” Rating at Cowen Securities (XOM) (Daily Political)
Exxon Mobil Corporation (NYSE:XOM)‘s stock had its “buy” rating restated by equities researchers at Cowen Securities in a report issued on Tuesday, Analyst Ratings Network reports. They currently have a $100.00 target price on the stock. Exxon Mobil traded up 0.38% on Tuesday, hitting $86.815. Exxon Mobil has a 52-week low of $77.13 and a 52-week high of $93.67. The stock’s 50-day moving average is currently $89.18. The company has a market cap of $389.0 billion and a price-to-earnings ratio of 8.92.

Two SunPower solar systems under construction for Yolo County (Your Industry News)
SunPower Corporation (NASDAQ:SPWR) announced today that construction is underway on two solar power projects for Yolo County in Calif. The projects are expected to generate 5.8 megawatts of emission-free solar power for county facilities, worth an estimated $1.5 million in electricity costs the first year of operation. The projects include one array built at the corner of West Beamer Street and Cottonwood Street in Woodland, Calif. and one at Grassland Regional Park in Davis, Calif. The two new systems will be owned by the County, with the systems purchased through low interest public financing.

First Solar, Inc. (NASDAQ:FSLR) competes with Chinese rivals like Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) for market share (Crazy Joys)
The renowned solar cells producer First Solar, Inc. (NASDAQ:FSLR) is planning to produce cheaper yet less efficient solar cells. The company is fighting to regain the market share that it lost against the Chinese less costly products. The fact is the firm produces less efficient cells from rivals that will increase costs for customers too. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) is a low cost Chinese solar cell company. Company is worried over fragile debt to equity ratio of 4.39 and is desirous to make it strengthened. In order to support the solar industry…

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