Posts for Ticker ‘AKNS’

Russell Booting Out Speculative Energy Stocks in Rebalances (AXAS, AKNS, AEZ, KAZ, CPE, CFW, CPST, DBLE, EXXI, FTK, GGR, GMET, GRH, TMR, MIND, NCOC, PEIX, QRCP, RAME, TIV, TRMA)

burning-money-picThis year is going to mark a significant change in the Russell rebalance and reconstitution at end of June.  Now that oil and other energy related commodities have been cut in half from the year ago highs, we are seeing a significant number of the smaller cap and more speculative companies tied to energy.  This is the list of companies which is getting the boot off of the Russell 3000 alone:

Delete    ABRAXAS PETROLEUM CORP. (AXAS)
Delete    AKEENA SOLAR INC. (AKNS)
Delete    AMERICAN OIL & GAS INC. (AEZ)
Delete    BMB MUNAI INC. (KAZ)
Delete    CALLON PETROLEUM (CPE)
Delete    CANO PETROLEUM INC. (CFW)
Delete    CAPSTONE TURBINE CORP. (CPST)
Delete    DOUBLE EAGLE PETROLEUM (DBLE)
Delete    ENERGY XXI (BERMUDA) LTD. (EXXI)
Delete    FLOTEK INDS INC. (FTK)
Delete    GEOGLOBAL RESOURCES INC. (GGR)
Delete    GEOMET INC. (GMET)
Delete    GREENHUNTER ENERGY INC. (GRH)
Delete    MERIDIAN RESOURCE CORP. (TMR)
Delete    MITCHAM INDUSTRIES INC. (MIND)
Delete    NATIONAL COAL CORP (NCOC)
Delete    PACIFIC ETHANOL INC. (PEIX)
Delete    QUEST RESOURCE CORP. (QRCP)
Delete    RAM ENERGY RESOURCES INC (RAME)
Delete    TRI-VALLEY CORP (TIV)
Delete    TRICO MARINE SERVICES (TRMA)

There will be updates to this list today and next Friday with the final decision list posted on Monday, June 29.  Of course, that means that some of these deletions might not get deleted in the final list.  A couple were tied to alternative energy in our minds, but were listed by Russell  as ‘consumer’ or ‘producer durables’ rather than in the broad “energy” group.

Jon C. Ogg

Posted on: June 19, 2009 – 7:44 am in Alternative Energy, Commodities, Index, Oil & Gas, , , , , , , , , , , , , , , , , , , , ,

Will Solar Conference Address Slowing Trends? (FSLR, STP, AMAT, AKNS, TSL)

solar-panel-pic12Solar industry consulting firm, Solarplaza, hosting a conference on “The Solar Future” on May 26th in Munich, Germany. Speakers from First Solar, Inc. (NASDAQ:FSLR), Suntech Power Holdings Co. Ltd. (NYSE:STP), and Q-Cells as well as industry analysts will discuss what is on the horizon for the solar industry.  Other companies which are listed at the conference’s site here are Applied Materials (NASDAQ: AMAT), Akeena Solar, Inc. (NASDAQ: AKNS), and Trina Solar Ltd. (NYSE: TSL).
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Posted on: April 29, 2009 – 10:49 am in Alternative Energy, Green Biz, Semiconductors, , , , ,

Akeena Dips on Possible Capital Raise (AKNS)

Money_stack_pic_3Akeena Solar, Inc. (NASDAQ: AKNS) is trading lower today after the company filed to sell up to $30 million in a mixed securities shelf offering.  No terms were listed, but the company listed that it would be able to sell any combination of common stock, preferred stock, debt securities, warrants, and units.

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Posted on: January 7, 2009 – 1:36 pm in Alternative Energy, Secondary Offering,

The 52-Week Low Club (AKNS, AEP, CCRT, EIX, GGP, LYTS, PMII, SPRD)

52_week_low_imageToday was an interesting ride in the 52-week low club after we have seen very volatile markets.  While oil fell $1.00 and while the S&P, NASDAQ, and DJIA were up most of the day, there were plenty of stocks gracing the 52-week lows:

  • Akeena Solar, Inc. (AKNS)… down in sympathy with others, more speculative name in solar.

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Posted on: August 14, 2008 – 2:35 pm in HI/LOW, , , , , , , ,

Short Sellers Still Target Solar Stocks (FSLR, SPWR, ESLR, CSIQ, AKNS, HOKU)

These are not all of the solar stocks we cover on NASDAQ, but as you can see the short selling against these stocks has increased as of mid-June despite the high energy costs. Here we ran the short interest for our main names in solar power NASDAQ such as First Solar, Inc. (NASDAQL FSLR), SunPower Corporation (NASDAQ: SPWR), Evergreen Solar Inc. (NASDAQ: ESLR), Canadian Solar Inc. (NASDAQ: CSIQ), Akeena Solar Inc. (NASDAQ: AKNS), and Hoku Scientific, Inc. (NASDAQ: HOKU).

We broke these down by the stock with the date and we showed a comparison of both the May 30 date and what the related changes were at that date as well. 

First Solar, Inc. (NASDAQ: FSLR)
AS OF DATE    Short Int.    Change
06/13/2008      4,183,584      20.16%      
05/30/2008      3,481,565     -1.03%    

SunPower Corporation (NASDAQ: SPWR)
AS OF DATE    Short Int.    Change
06/13/2008      16,804,676      6.46%
05/30/2008      15,784,486      3.63%

Evergreen Solar Inc. (NASDAQ: ESLR)
AS OF DATE    Short Int.    Change
06/13/2008      29,219,334      20.92%
05/30/2008       24,164,046     9.23%

Canadian Solar Inc. (NASDAQ: CSIQ)
AS OF DATE    Short Int.    Change
06/13/2008      4,634,187      8.23%
05/30/2008      4,281,924     -0.68%

Akeena Solar Inc. (NASDAQ: AKNS)
AS OF DATE    Short Int.    Change
06/13/2008      3,718,884      10.32%
05/30/2008      3,371,093       2.77%

Hoku Scientific, Inc. (NASDAQ: HOKU)
AS OF DATE    Short Int.    Change
06/13/2008      3,031,978      10.80%
05/30/2008      2,736,325     -19.45%

Jon C. Ogg
June 25, 2008

Posted on: June 25, 2008 – 12:01 pm in Alternative Energy, Short Interest, , , , , ,

Short Sellers Targeting Solar & Alternative Energy (AKNS, ASTI, CSIQ, CPST, ESLR, FTEK, OTTR, SPWR)

The overall short interest on NASDAQ stocks was actually pretty dull from the end of April to Mid-May, or at least that is the case until you go straight into looking at solar stocks and other alternative energy stocks.  Many of these have seen their stock prices rise sharply over the last few months.  Many were viable with $70 or $80 oil, but after $100 and then $130 oil you can imagine that short sellers are targeting the most up or most speculative names. 
                                                         MAY 15       APRIL 30     CHANGE
Akeena Solar, Inc. (NASDAQ: AKNS)   3,280,165    3,042,025       7.83%
Ascent Solar Tech (NASDAQ: ASTI)     2,106,784    1,889,624      11.49%
Canadian Solar Inc. (NASDAQ: CSIQ)   4,311,126    3,562,672      21.01%
Capstone Turbine (NASDAQ: CPST)     12,860,110   11,491,389    11.91%
Evergreen Solar (NASDAQ: ESLR)       22,122,144   20,622,446     7.27%
Fuel Tech, Inc. (NASDAQ: FTEK)          7,488,443    6,443,583      16.22%
Otter Tail Corp. (NASDAQ: OTTR)         2,126,732    1,960,651        8.47%
SunPower Corp. (NASDAQ: SPWR)     15,231,873   14,016,469      8.67%

As you have seen, most of these are solar plays, but some aren’t.  Fuel Tech helps power plants burn cleaner coal, and it has had more problems over the last year on making its earnings numbers.  Otter Tail is a diversified "General Eclectic" but it has become more well known for making wind towers of late; and it hasn’t hurt that Bill Gates has been a holder for quite some time.  Capstone Turbine has been our largest winner in our weekly "10 Stocks Under $10" newsletter in the sector with a 200% gain; and it is still an active hold in that group.  We also just featured Akeena Solar over at VSinvestor.com for a highly unusual volume spike alert.

These are the ones we screened with the largest short interest increases in the sector seem to be more speculative names, although there were some that saw decreases and we excluded those from this list.  Out of the alternative energy or "cleaner" energy stocks we follow, these were the ones with the largest increase in the short interest.

You can join our open email distribution list to hear about other issues in short interest, secondary offerings, IPO’s, private equity, special financings.

Jon Ogg
May 28, 2008

Posted on: May 28, 2008 – 9:58 am in Alternative Energy, Short Interest, , , , , , , ,

The Business Day In Global Warming (CSIQ, FTEK, TSL, GE, GOOG, CS, SOPW, AKNS, JASO, ENER, CPST)

Canadian Solar (NASDAQ: CSIQ) issued and sold $75 million in 6.0% Convertible Senior Notes due 2017 in a private placement on December 10, 2007, and in a filing today investors were given the right to resell their notes and/or converted shares.  This one also reports earnings on Wednesday of this week.

We’d note that Fuel Tech (NASDAQ: FTEK) is soon to report earnings, this weekend we issued a full earnings preview.  Also, we’ll see earnings out of Trina Solar (NYSE: TSL) on Tuesday.

Cnet News ran a great piece today showing how the American Council on Renewable Energy organized the press conference for Tuesday to publicly lobby for extended tax breaks and credits for renewable energy firms beyond 2008.  Well-known energy investors and business people from General Electric (NYSE: GE), Credit Suisse (NYSE: CS), Google (NASDAQ: GOOG) and others are said to be involved.

SCHOTT AG of Germany broke ground today on a $100 million initial investment for a 200,000 square foot manufacturing facility outside of Albuquerque, New Mexico for its SCHOTT Solar, Inc. unit.

A boutique research firm called Global Hunter initiated coverage of Solar Power (OTCBB: SOPW) and Akkena Solar (NASDAQ: AKNS) with a neutral rating on each.  In another call, Zacks.com showed an interview with one of its analysts talking up JA Solar (NASDAQ: JASO) and Canadian Solar (NASDAQ: CSIQ), as well as Energy Conversion Devices (NASDAQ: ENER).  That can be seen at Zacks.com

Capstone Turbine Corporation (NASDAQ:CPST) announced that RSP Systems completed installations of New York’s first microturbines in four location under the City’s new rule for residential and commercial use.  This stock is up roughly 50% since we added this one to our "10 Stocks Under $10" newsletter, and we haven’t yet taken our foot off the gas…. nor off the turbine.

As a reminder, whether you prefer the term "Global Warming" or "Climate Change" is not the issue as far as 247WallSt.com covers it. Green business has become big business, and this affects many public companies today.

Jon C. Ogg
March 3, 2008

Posted on: March 3, 2008 – 4:55 pm in Alternative Energy, , , , , , , , , , ,

Akeena Surges on Suntech Additional Licensing (AKNS, STP)

Akeena Solar, Inc. (NASDQ: AKNS) has announced that its solar panel technology called Andalay will be distributed in Europe, Japan and Australia under a license agreement with Suntech Power Holdings Co., Ltd. (NYSE: STP).  The terms of the licensing agreement authorize Suntech to distribute Andalay in Europe, Japan and Australia as of January 2008 and is in addition to Suntech’s previous agreement to manufacture Andalay solar panels.

Akeena says this uses 70% fewer parts and requires 25% fewer attachment points than traditional solar systems.  Suntech is apparently targeting sales of over 10MW of the Andalay solar panels to the licensed regions in 2008.

Shares in pre-market activity are up some 45% around $11.65 on over 200,000 pre-open shares.  The 52-week trading range is $2.97 to $10.05.  What is interesting about this is that this is stated as being "in addition to Suntech’s previous agreement."  It seems that with a 45% gain that solar investors are starting out 2008 with even more fervor than at the start of 2007.

Jon C. Ogg
January 2, 2008

Posted on: January 2, 2008 – 8:34 am in Alternative Energy, ,

The Business Day In Global Warming (XEL, FTEK, AIG, SYNM, AKNS, USBE, DASTY, CLNE, DSTI, FSLR, HOKU, PBW, GEX)

Xcel Energy’s (NYSE:XEL) 345-kilovolt transmission line along with two major 115 kV lines will deliver the power into the Minnesota High voltage transmission grid allowing delivery of the power from the Fenton Wind farm and other wind power resources from the Buffalo Ridge region of the state into the twin Cities area.  Minnesota’s largest wind farm and the state’s largest transmission line built to carry wind power into the Twin Cities were dedicated today and will soon become fully operational.  The only thing between the Twin Cities and the North Pole is a picket fence and it blew down.

Fuel Tech, Inc. (Nasdaq: FTEK) announced receipt of a FUEL CHEM® demonstration order from a new electric utility customer in the Midwestern United States on a large Powder River Basin coal-fired boiler, with chemical feed scheduled to commence later this quarter.  Unfortunately for the company shareholders, shares slid nearly 3% to $24.39 after a miserable day yesterday.

Jim Cramer recently gave a large summary of his stock picks that would win from the move to a greener U.S., although some are far from "green" companies.

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Posted on: November 13, 2007 – 5:02 pm in Alternative Energy, , , , , , , , , , , , ,

The Business Day In Global Warming (FPL, ITRI, PEFF, BF, MMM, CPOW, GE, YGE, AKNS, PGN, SI, STP, XOM)

This is the crus of the news regarding Global Warming and the public companies that made announcements over the last 36 hours:

FPL Group (NYSE:FPL) chairman called the Climate Bill "Well intentioned but fundamentally flawed": Lewis Hay said, “I acknowledge and applaud the willingness of key senators to try and address the important issue of global climate change. Unfortunately, the bill they have proposed, if left unchanged, would reward the country’s biggest emitters of carbon dioxide with billions of dollars of free allowances that they don’t need. Moreover, the bill contains no clear ‘safety valve,’ to ensure that we don’t inadvertently damage the economy.”

Itron (NASDAQ:ITRI) shares were hit very hard (as much as 18%) after earnings today, but Lazard Capital Markets reiterated its BUY rating and $115 price target. Evergreen Solar (NASDAQ:ESLR) shares rose over 10% after ThinkEquity raised its rating from Accumulate tp Buy" after a production facility visit.

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Posted on: November 2, 2007 – 2:45 pm in Alternative Energy, , , , , , , , , , , , ,

The Business Day In Global Warming (AEP, ARSC, SPLS, AKNS, JNPR, PWER, MCEL, YGE)

We noted ourselves today how some of these ethanol stocks are trading at new 52-week lows again.  Some of these are hitting new stock lows each day.  Some Ethanol Names Drowning In Their Own Tanks (USBE, PEIX, VSE, AVR)

American Electric Power (NYSE: AEP) subsidiary Appalachian Power Co. has signed a long-term power purchase agreement for renewable wind energy with Camp Grove Wind Farm LLC, a wind project majority owned by Orion Energy Group LLC.

American Security Resources Corporation (OTCBB:ARSC) subsidiary, American Hydrogen Corporation (“AHC”), has shipped samples of its proprietary ammonia catalytic electrolyzer (ACE) to a European company specializing in catalysts for the fuel cell industry.

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Posted on: September 24, 2007 – 12:43 pm in Alternative Energy, , , , , , , , , , , , , ,