Posts for Ticker ‘GEX’

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, , , , , , , , , , , , ,

Al Gore Goes Deeper Into Green VC, As Alternative Energy Stocks Tank (PBW, GEX, FTEK, FSLR, SPWR)

24/7 Wall St. does not normally cover venture capital news, particularly when it doesn’t pertain to a pre-IPO company.  But when we see news that Al Gore is joining a top VC-firm like Kleiner Perkins Caufield & Byers as a partner for green investing it sure makes one wonder just how much deeper the green investing trend will get.  Interestingly enough, shares in alternative energy stocks are seeing severe profit taking today (see below).

Kleiner Perkins Caufield & Byers and Generation Investment Management have announced a global collaboration to find, fund and accelerate green business, technology and policy solutions with the greatest potential to help solve the current climate crisis. This partnership will provide funding and global business-building expertise to a range of businesses, both public and private, and to entrepreneurs. As a result of the collaboration, the chairman and co-founder of Generation, former Vice President of the United States Al Gore, will join KPCB as a Partner.  KPCB has already committed $200 million to green tech ventures.

This doesn’t mean green tech companies can ramp up indefinitely and without logic, but this is one more piece to the green-tech investing strategies that have generated huge gains in 2007.  These have pulled back some and may pull back further.  In fact, as oil prices fall (and if it continues) then you are likely to see quite a correction in the green-tech sector.  Corrections come and go, but with 2008 being a regime change election year it’s hard not to believe that there won’t be deeper pushes into environmental pledges from both sides of the aisle.

What is so interesting here is the argument between the believers and the doubters of global warming or climate change.  Whether you believe in it or not, it’s actually silly to not recognize a major trend here.  Green technologies (or more eco-friendly operations) are becoming mainstream and represent a major business opportunity here, regardless of politics.

If you wish to see our coverage of select alternative energy news from the financial angle, not the political side, you can set your RSS readers or save to favorites the following link:
http://www.247wallst.com/alternative_energy/index.html

Jim Cramer recently covered some of his favorite stocks he feels will win from these trends, even if these have recently come off highs.  Not all of these are green-tech, but they will benefit from the trends already set in place.

Big green-tech stocks are taking it on the chin….

  • PowerShares WilderHill Clean Energy (AMEX:PBW) is down nearly 6% at $22.98, and the Market Vectors Global Alternative Energy ETF (NYSE:GEX) is down 4.5% at $54.40….proof that it is quite widespread selling in the alternative energy sector;
  • Fuel-Tech Inc. (NASDAQ:FTEK) is down 11% at $25.50;
  • First Solar (NASDAQ:FSLR) is down 12% at $182.00;
  • SunPower Corp. (NASDAQ:SPWR) is also down 12% at $113.00.

Here is a sample of our last "The Business Day In Global Warming" where we cover the business and financial side of green investing.

Jon C. Ogg
November 12, 2007

Posted on: November 12, 2007 – 2:37 pm in Alternative Energy, , , , ,