Prez Obama spoke at Nellis Air Force base today discussing the importance of renewable energy and announcing funding efforts for solar and geothermal. Nellis Air Force base is home to the largest solar installation in the Western hemisphere and provides 25% of the electricity for the 12000 who live and work at the base, saving the military about $1 million a year.
Here are some highlights of the speech..
“America produces less than 3 percent … Read the rest
Obama spent some time on Earth day at an old Maytag plant in Iowa now being used to manufacture wind power turbines by Trinity Structural Towers. He discussed the need for more renewable energy and ultimately revealed new regulations regarding offshore wind farms that would clear the way for developers to install wind farms on the Outer Continental Shelf.
Michael Olsen, a former Bush Interior Department official, said the rules will allow projects to move … Read the rest
It’s getting late but wanted to run down the upgrades/downgrades of today as well as a few notes..
Lazard Capital Markets analyst Sanjay Shrestha said this week that although macroeconomic factors continue to depress alternative energy stocks, the future looks bright. “We believe Barack Obama’s election is a long-term positive for the alternative energy group,” Shrestha said. “Until the financial markets show signs of stability, the economy will likely continue to overshadow other policy agenda … Read the rest
There are few stocks breaking out to all time highs and even fewer, if any, green stocks trading at all time highs. I have one for you today. The company is Aerovironment (AVAV), often recognized for its rooftoop wind turbine systems with farms in place at Logan Airport in Boston as well as other commercial properties. However, that isn’t their only green initiative. They also develop a solar pump controller to facilitate access to water … Read the rest