- IBC Advanced Alloys Corp. (TSX-V:IB) (PINK SHEETS:IAALF), a beryllium alloy producer that's doing some ground-breaking work in the world of nuclear fuels, announced this morning that its advanced castings are being supplied for the European Space Agency's Automated Transfer Vehicle, which is expected to dock with the International Space Station in a little over a week.
For the sake of clarification, IBC serves a variety of industries, including automotive, telecommunications and a number of industrial applications. But I actually started following this one after discovering the work its doing in the world of nuclear fuels. It's not the company's main focus, but it's one I believe makes this a good long-term play on the development of “safer” nuclear technologies. (Full Disclosure: I currently own shares of IBC)
Don't know if today's news will really move the stock, but I do believe it'll put more eyes on it.
- For the third consecutive quarter, JA Solar (NASDAQ:JASO) posted a loss.
Not that I need to repeat the refrains of this sad song, but the disappointing loss comes as a result of falling prices and a slowdown in sales. JASO also forecast lower shipments for Q1. The stock is down about 9 percent in pre-market.
As I've mentioned in the past, it is unlikely that we'll see much in the way of good news for the solar sector anytime soon. That doesn't mean we don't see some fantastic opportunities in solar. The sector will continue to shake the laggards loose, sales will pick up, this annoying glut will eventually come to an end, and those who don't lose sight of the long-term picture here will do quite well. But this is the ultimate exercise in patience. My two cents: Be a fence-sitter for now, but be ready to scoop up some nice discounts later in the year.