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Energy

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

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By Douglas A. McIntyre Updated Published
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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

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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Douglas A. McIntyre |

Alternative Energy Not Following Oil (FSLR, SPWR, STP, CSIQ, ESLR, CPST, FCEL, USU)

Oil is performing as though there were no sellers today.  Recalling a single $20.00 move up in the price of…

Douglas A. McIntyre |

Lazard’s Alternative Energy Calls (CSIQ, LDK, JASO)

Between late yesterday and early today, Lazard Capital Markets’ Sanjay Shrestha has keyed on many of his alternative energy picks…

Jon C. Ogg |

New Solar Analyst Coverage Yields Some Surprises (TSL, YGE, SOLF, FSLR, JASO, CSIQ, STP, SPWRA, PBW, TAN)

Auriga USA has given some surprising new analyst coverage of the renewable technologies sector with eight solar stocks today. The…

Douglas A. McIntyre |

Solar Earnings On Deck (JASO, LDK, CSIQ, YGE)

This week is an extremely important week for solar stocks and alternative energy stocks. JA Solar Holdings Co. Ltd. (NASDAQ:…

Douglas A. McIntyre |

The Business Day of Global Warming (SPWR, LDK, PSD, ACM, ICPR, CAB, CSUN, FTEK, EFOI, HOT, CVX)

Wall Street analysts covered a few of the alternative energy names today: SunPower (NASDAQ:SPWR was started as an Outperform rating…

Jon C. Ogg |

Alternative Energy Watch: Total to Acquire SunPower; Amyris Opens Plant in Brazil; Wind Power Installations Rise (TOT, SPWRA, AMRS, GEVO, WMT)

Today’s alternative energy review includes more than the offer by France’s Total SA (NYSE: TOT) to acquire a controlling interest…

Douglas A. McIntyre |

The Business Day In Global Warming (BP, GE, RZ, CCTC, SAI, ASTI, TTEK)

BP plc (NYSE: BP) announced that it has moved into full construction of Phase One of the Sherbino Wind Farm,…

Douglas A. McIntyre |

The Business Day In Global Warming (LDK, CPST, USU, FPL, ZAAP, FTEK, HVAG)

LDK Solar Co. (NYSE:LDK) stock fell 7% to $30.05 in the last hour of trading today after yesterday’s earnings, but…

Unusual Call Option Trade in Canadian Solar Worth $450.12K
247patrick |

Unusual Call Option Trade in Canadian Solar Worth $450.12K

An unusually large block of call contracts in Canadian Solar has been bought.

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