The Business Day In Global Warming (FPL, TSSP, LDK, JEF, AA, SOPW, WWAT)

October 16, 2007 by Douglas A. McIntyre

Lazard Capital Markets gives a preview for earnings out of key solar companies this week.  First Solar was started with coverage by Pacific Growth Equities with a Neutral rating, and after a 400%+ stock run it is hard to blame the lackluster rating.

FPL Group, Inc. (NYSE:FPL) asked the Public Service Commission to agree on the need for 2 new Nuclear (or Nukular) generating plants.

TrendSetter Solar Products, Inc. (Pink Sheets:TSSP), an alternative energy manufacturing company of state-of-the-art solar hot water systems, solar hot water heating and storage systems, announced today that on Friday, October 12, 2007, California Governor Arnold Schwarzenegger signed a package of legislation furthering his commitment to energy efficiency, conservation and pollution reduction….. That is just a noise press release.

LDK Solar (NYSE:LDK) rose 3% at one point after being awarded a saolar supply pact from Saifun Solar (NASDAQ:SFUN).

Jefferies & Co. (NYSE:JEF) announced it is hoting its 4th Global Clean Technology Conference in London on 18 October.  Companies in attendance will include BP p.l.c., ersol Solar Energy AG, Renewable Energy Corporation ASA, and THEOLIA. The conference keynote speech will be given by Jim Lyons, Chief Engineer of General Electric Company and founder of GE’s wind energy division.

OCTOBER 15, 2007

Yesterday, Alcoa (NYSE:AA) announced that products from two of its Building and Construction Systems businesses – Kawneer Company and Alcoa Architectural Products – are used extensively by a team from Georgia Institute of Technology in the 2007 Solar Decathlon now taking place in Washington, D.C.

Solar Power, Inc. (“SPI”) (OTCBB:SOPW) has completed work on one of the region’s largest photovoltaic (“PV”) solar electric systems. The 400 kilowatt (“kW”) system will provide a majority of the electricity required to power the 43,195 sq. ft. Placer County juvenile detention facility which can accommodate 27,375 bed-nights annually.

WorldWater & Solar Technologies Corp. (OTC BB: WWAT), developer and marketer of proprietary high-power solar systems, and ENTECH, Inc. of Keller, Texas, a high tech supplier of solar technology to NASA for space operations, announced that they have signed an extension of their Letter of Intent (LOI) to merge from October 15, 2007 to November 30, 2007 pending final signatures of the Merger Agreement.

As a reminder, whether you prefer the term “Global Warming” or “ClimateChange” is not the issue as far as 24/7 Wall St. covers it. Greenbusiness has become big business, and this affects many publiccompanies today.

Jon C. Ogg
October 16, 2007