A recent article from TheStockAdvisors.com shows the contributing editors from Stephen Leeb’s The Complete Investor focus on three Geothermal energy picks: Chevron (CVX), Calpine (CPN), and Ormat Technologies(ORA).
"Throughout the globe, heat is continually produced in a layer far below the earth’s crust. Large power plants can capture and use this steam to provide electricity on a fairly large scale. In Iceland, by some estimates, 50% of all energy needs are met through an alternative … Read the rest
Check out this new initial public offering from First Wind Holdings Inc. First Wind has applied to take the ticker WNDY on the NASDAQ. As per the company name, the company is involved in wind energy.
For filing purposes it has listed the amount of $450 Million as the amount in shares that it intends to offer. Underwriters are listed as Credit Suisse, Goldman Sachs, and JPMorgan.
The going is good for LDK Solar. First the blow out earnings results yesterday, this morning a new 5 year contract to supply multicrystalline wafers to India based XL Telecom & Energy. They will deliver about 300 MW of the silicon wafers over the 5 yr period, beginning in early 09 with XL Telecom making a down payment for a portion of the contract value. No word on the total value of the contract.… Read the rest
Adam from The Daily Options Report writes: “FSLR feels particularly enticing. Options are very cheap by FSLR standards. Which makes some degree of sense when you consider that the stock has settled into a range. But some interesting things here. It’s basically moving with the whole energy/ag/mining space right now. And has dribbled right back the to 200 Day MA. Not terribly likely it just settles in peacefully around here this week without some degree … Read the rest
Briefing.com reports that Canadian Solar reports Q2 results, beats on revs; guides Q3 revs in-line; guides FY08 revs in-line Reports Q2 earnings of $0.36 per share, includes one-time non-cash debt conversion charge of $10.2 million, may not be comparable to the First Call consensus of $0.47; revenues rose 24.2% year/year to $212.6 million vs the $206.8 million consensus. Co issues in-line guidance for Q3, sees Q3 revs of $245-255 million vs. $247.63 million consensus. Co … Read the rest
Constellation Energy (CEG) plummeted to a 2 year low today with record volume after it was revealed that a credit rating downgrade could force the company into posting billions of dollars in extra collateral. High volatility in fuel and electricity prices have increased the risk of a downgrade, and the company could be forced to post over 3 billion collateral to cover those contracts if its debt is downgraded 3 levels. It’s important to … Read the rest
According to StreetInsider.com, Biofuel Energy (BIOF) has announced that it had realized approximately 26.1 million in losses resulting from closing out various corn, ethanol and nat gas hedges and has an additional 20 million in unrealized paper losses at current prices.
The Company put the corn and natural gas hedges in place to minimize the impact of rising prices. However, the plummet in the corn market exposed them to large unrealized losses under its … Read the rest
Over the past week or so JCL Holdings, which owns around 15% of the company has been cashing out tens of millions in First Solar (FSLR) shares. I don’t think it’s too unusual for a company to want to take some profits on a great investment at this point, but additional insider selling should be watched closely. It most certainly has been a drag on the stock, which has been pushing down from the day … Read the rest
JA Solar (JASO) certainly didn’t report the blow out results that LDK Solar did but nonetheless it was a decent quarter, albeit a bit below what analysts had been expecting on the EPS side. The company reported an EPS of .14/share, about double the year ago result. Revenues were triple from the year ago and a bit higher than what analysts had been expecting at 180.3 million. The company issued strong guidance for 08 and … Read the rest
Energy Conversion Devices was upgraded today by analysts at UBS from neutral to buy. Over the last 52 weeks the stock has ranged from a low of $20.47 in January to a high of $83.33 in June. Stock is up 5% after the upgrade.… Read the rest
Green Alternative Energy Stocks – Solar, Wind, LED Lighting,Smart Grid, Electric/Hybrid Cars, Wave Energy, Green Building, Biofuels & Geothermal
