A hat tip to Earth2Tech for laying out the components in the $410 omnibus bill that represent clean energy and climate change. The “imperfect omnibus bill” was signed into law by Obama today behind closed doors. Here’s to more government waste but at least there are some clean energy bucks in there..
* EPA gets $7.6 billion (increase of $174 million over last year). $224 million for grants to states to implement the Clean Air … Read the rest
Trex (TWP) the maker of alternative wood decking and railing products reported a steeper than expected loss last quarter of .72/share vs analyst expectations of a .57/share loss. Revenues were also light, coming in lower than expectations at $29.3 million. IF there is a silver lining, the 4th quarter is historically a tough quarter for the company, with a loss of 2.75/share last year in the same quarter. So, relative to last year, it was … Read the rest
Now that Congress has approved the economic stimulus package (aka the American Recovery & Reinvestment Act) with Obama expected to sign it into law on Tuesday I thought I’d give a run down of what’s in this bill related to green energy initiatives.
Overall, nearly 10% of the entire bill provides funding and tax credits for green energy related projects.
* $11 billion in spending and loan guarantees to build a “smart grid” to move … Read the rest
AltEnergyStocks has posted some highlights of the Obama inauguration speech focused on renewable energies and infrastructure:
“each day brings further evidence that the ways we use energy strengthen our adversaries and threaten our planet.”
“We will build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together.” (Emphasis ours)
“We will harness the sun and the winds and the soil to fuel our cars and run our … Read the rest
With the Obama administration just weeks away from move in day, there are quite a few articles out there being written about ways to play the coming infrastructure and green energy boom. Much has been made of Obama’s plan to decrease our dependence on foreign oil and to a lesser degree, plans to spend big on infrastructure. Certainly infrastructure and green energy will be two big themes over the next 4 years and possibly beyond, … Read the rest
Comverge, Inc, just completed an energy-efficient lighting project in Times Square. The project involved replacing the lighting system in the Times Square Arts Center at the request of the property owner. As a result of the project, the building is expected to use 190,000 fewer kilowatt hours of energy per year, keeping more than 200,000 pounds of CO2 out of the environment. This should save the owners a nice chunk of change: an extra $35,000 … Read the rest
AERT Sales were down compared to the third quarter of last year, dropping from $25.2 million in the third quarter of 2007 to $18.6 million today. However, since the company was also able to reduce operating expenses during that time, gross margins increased to 10.1% of sales in the third quarter of this year, versus 8.2% last year. The net loss stayed about the same-this year it was $1.9 million, and in the third quarter … Read the rest
Trex (TWP), which makes the Trex brand of decking, fencing and railing using recycled materials announced mixed earnings results this morning and guided estimates lower for next quarter. The company reported an EPS of .44/share vs the estimate of .38/share, but revenues came in a bit on the light side missing consensus estimates by a few million at 85.4 million. The company expects 4th quarter revenue around 30 million which would represent zero growth over … Read the rest
Interface, Inc, a noted green carpet company, posted its 3rd quarter results yesterday. Here’s a breakdown of the stats compared to last year:
Tetra Tech (TTEK) has been awarded new work with the Port of LA and Port of Long Beach with an estimated value of 25.6 million over the next 5 years with the majority of work focusing on the Clean Trucks Program, designed to reduce truck pollution at the ports by 80% by 2012. TTEK will provide admin, technical and environmental support during the process and continues its 15 year relationship with the ports.… Read the rest