Hat tip to StreetInsider.com for this report:
Trinity Industries (TRN) is getting an upgrade from Hold to Buy and Kaydon (KDN) gets a price target upgrade from $36 to $44 by Key Banc after the firm attended the American Wind Energy Association show in Chicago.
KeyBanc analyst says, “After recently attending the American Wind Energy Association’s show in Chicago, we are much more enthusiastic about the wind story for 2010, and we are upgrading our … Read the rest
China has raised the goalposts for the percentage of its energy that comes from wind power. 18 months ago, the Chinese government set a goal of increasing the country’s wind energy capacity to 30 GW by 2020. Now, they are aiming for 100 GW of wind power by 2020. By 2050, they expect to be getting 40 percent of their power from renewable sources.
China’s energy plan will also make it the largest growth market … Read the rest
Capstone Turbine just announced that it has received an order worth more than 1 million dollars for its C65 Hybrid Uninterruptible Power Source (UPS) units. These units, which combine microturbines with a dual-conversion UPS, are a green way to provide power to data centers.
In a press release, Capstone’s President and CEO commented on what makes this product special:
“Capstone turbines when used as a UPS application are considered clean-and-green because they emit low greenhouse-gas … Read the rest
By Jeff Siegel
Wednesday, April 29th, 2009
3 Ways to Play Hottest Green Energy Sectors – Get Your FREE Report
This afternoon, U.S. Energy Secretary, Steven Chu announced plans to pony up $93 million from the American Recovery and Reinvestment Act to support further development of wind energy. He also announced more than $100 million in funding for the National Renewable Energy Laboratory (NREL) and for infrastructure development.
Here’s the breakdown for wind development support…… Read the rest
FPL Group (FPL) reported earnings this morning and it was a strong quarter in a tough environment. The leading provider of wind and solar energy reported a non GAAP EPS number of .90/share beating estimates by .13/share.
It’s NextEra Energy Resources division which houses its wind and solar operations produced good results with an EPS of .62/share (a 13% increase over the year ago quarter) however the gains were driven by new investments in wind … Read the rest
Cable TV tycoon Ted Turner believes clean energy offers the biggest opportunity the world has ever seen and compares it to cable TV 40 years ago in that the field is wide open and rife with opportunity. From Bloomberg:
“I’m putting my money where my mouth is and I’ve made a multimillion investment in solar power,” Turner, 70, said in the interview in Washington on April 24. “I’m looking to make an investment in … Read the rest
By Sam Hopkins
Get your Free Cleantech Report Today!
The global clean energy puzzle has more than one piece. . .
So today, let’s take a look at the pivotal pros and cons of renewable energy investing in different regions of the world.
As we check out the challenges as well as the opportunities in each place, we gain a more integrated view, and our investment choices can be honed.
North America
Pro: … Read the rest
Piper Jaffray is also initiating coverage on American Superconductor (AMSC) today which has looked very bullish in recent weeks but getting a bit extended. It’s up again today. Piper is out with a Neutral rating and price target of $22.
Analyst notes:
– company well positioned to benefit from govt mandates to grow wind energy in China
– customer concentration risk is significant with 67% of revenue from Sinovel in China
– China economic stimulus … 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
General Electric expects its wind division, GE Wind, to see double-digit growth this year,according to Reuters. The company attributes its expectations for growth to the release of new products and to an increase in sales to European customers, as well as the incentives for wind power that were built in to the US financial stimulus bill.
GE Wind is also gunning for Vestas, according to Rainer Broering, the head of GE Wind in Germany. He … Read the rest