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
In an article over at Kiplingers, Laura Cohn discusses some renewable energy plays that could begin running again due to Obama’s clean energy policies, which include deriving 10% of electricity from renewable energy sources within just the next few years.
– Vestas Wind Systems (VWSYF.PK) The Danish company trades on the pink sheets and is the world’s leading supplier of wind turbines with a market share of 23%
Just months ago, the Pickens Plan was all the rage as oil soared to the stratosphere and the credit crisis was just beginning to unravel in a big way. T Boone Pickens had grand plans of a wind farm filled with $2 billion in wind turbines courtesy of General Electric (GE). Now those plans seem to be on hold but delivery isn’t expected until 2010.
Tom Konrad of AltEnergyStocks.com is out with an article this morning on the wind industry, highlighting reasons to be bullish despite a tight credit market.
His top 3 are:
– both Presidential candidates are calling for the cap n trade system
– the Production Tax Credit (PTC) was extended (I’ll add to this – this is only a one year extension but an Obama victory would likely expand this kind of government subsidy for renewable … 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
I reported yesterday that Kaydon (KDN), the maker of specialty ball bearings for the wind market reported so so results but that much of the negativity had most likely already been built in. Apparently, Deutsche Bank feels the same way and upgraded the stock from Hold to Buy this morning, saying:
“Cyclical risk appears adequately discounted. Plenty of free options. While we dislike the inherent cyclicality of Bearings markets as we enter what appears to … Read the rest
Kaydon Corp (KDN), the maker of specialty ball bearings for wind turbines reported less than stellar results this morning but managed to hold up reasonably well today, off less than 1%. Undoubtedly, much of the negativity has already been priced into the stock which is down more than 50% in a month. The company reported Q3 EPS of .50/share, .11 below analyst estimates while revenue was about 9 million below consensus estimates at 126.8 million.… Read the rest
The Sherbino I Wind Farm, a joint venture between NRG Energy and BP Alternative Energy, is now up and running. Located on top of a mesa in Pecos County, the wind farm consists of 50 Vesta wind turbines, and has a 150 MW capacity. The wind farm was constructed and is being operated by Padoma Wind Power, a 50/50 joint venture between NRG and BP. Padoma also has another more wind farm under construction in … Read the rest
American Superconductor (AMSC) announced that it has licensed two of its wind turbine designs, the 1.65 MW and 2MW doubly fed induction versions, to South Korea’s Hyundai Heavy Industries, the world’s largest shipbuilder and global supplier of electrical equipment. Hyundai plans to begin production on the turbines at the end of 2009 and will initially target the US market.
“Hyundai Heavy Industries is one of the largest manufacturers of high quality, large-scale electro-mechanical equipment … Read the rest
Green Alternative Energy Stocks – Solar, Wind, LED Lighting,Smart Grid, Electric/Hybrid Cars, Wave Energy, Green Building, Biofuels & Geothermal
