Alerts
July
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Aspire Week in Review - The Week Ended July 25
T. Boone Pickens continued to gather media momentum as he made rounds on CNN's Lou Dobbs to pitch the "Pickens Plan" for investing in renewable resources and natural gas. But Pickens isn't the only one offering up plans, on the heels of Al Gore's challenge last week to the nation to replace 100% of its electricity demand with renewable energy in the next 10 years. Most recent, Jaeger-Waldau, of the Institute for Energy recommended blanketing the Sahara desert with solar panels, spanning the circumference of Wales. He says that just 0.3% of the energy hitting the Sahara could power all of Europe.
07/29/2008 by Administrator
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CAIR Vacated by D.C. Court
July 16, 2008 - The Clean Air Interstate Rule (CAIR) was vacated this past week by the U.S. Court of Appeals, D.C. Circuit, which was surprising. The Appeals Court said “Because we find more than several fatal flaws in the rule and the Environmental Protection Agency (EPA) adopted the rule as one, integral action, we vacate the rule in its entirety and remand the EPA to promulgate a rule that is consistent with this opinion.” The court recognized that there may be disruptive consequences of vacating the rule, but commented that this threat “cannot save a rule when its fundamental flaws ‘foreclose EPA from promulgating the same standards on remand.’”
07/16/2008 by SCP Editor
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Trade Alert - Yingli Green Energy (NYSE:YGE)
OK, we recommended Yingli Green Energy (NYSE:YGE) a Chinese midstream solar company on May 30, when it dipped below $20 to $19.94 commenting at that point, based on its fundamentals and performance that the stock was cheap. Since then, the company has announced several deals including five contracts into Korea (7MW), sales into Belgium (10MW), four orders into Germany (64MW) and has begun production of its 200MW expansion. Citi upgraded the stock to a Buy on June 2. And today, the stock is trading at what we think is a pretty massive discount to 2008 forecasted sales and earnings at $14.73.
07/15/2008 by Administrator
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Aspire Week in Review - For Week Ended July 11
Over the weekend, Chakib Khelil, head of OPEC, predicted that "The price of oil will rise again in the coming weeks" and that "We have to follow the evolution of the dollar, because a 1% fall in the dollar means $4 more on the price of oil." Khelil attributes the rally in oil with a soft dollar and geopolitical concerns being about 60% of the catalyst while "the intrusion of bioethanol on the market" as being responsible for the other 40%." The comment is a bit disingenuous when you look at the OPEC countries for any production increases and find that Saudi Arabia is the only one with any demonstrated activity on this front over the past six months.
07/14/2008 by Administrator
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Ultralife Batteries (Nasdaq: ULBI) reported this morning that it is raising its Q2 revenue guidance
July 9, 2008 - Ultralife Batteries (Nasdaq: ULBI) reported this morning that it is raising its Q2 revenue guidance from $75 million to $88 million, an increase of 17% due to strong shipments and accelerated deliveries of its products. First Call's estimate is $66.43 million, so it looks like ULBI is going to blow away the numbers. We have adjusted our model, and moving our FY target for the company up from $250 million to $260 million.
07/09/2008 by Administrator
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Aspire Week in Review - For the Week Ended July 3
An unpublished World Bank study reported that the EU and the U.S. commitment to biofuels are having a massive impact on food supply and critics. According to the World Bank, rising food prices have pushed 100 million people globally below the poverty line. On Monday' the EU Parliament's Environment Committee will vote on proposed amendments to the Renewable Energy Directive, including an amendment to jettison the 10% target. Meanwhile, Joachim von Braun, the head of the International Food Policy Research Institute, is calling for the EU and U.S. to "correct political errors" made by endorsing increased production of biofuels without taking proper consideration into the impact on food supply.
07/07/2008 by Administrator
