Date: 8/19/2014The Bureau of Ocean Energy Management (BOEM) held the nation’s third competitive lease sale for renewable energy in federal waters, which offered nearly 80,000 acres off the coast of Maryland for potential wind energy development. BOEM a…
Date: 8/14/2014The DOE Wind Program seeks feedback from the wind industry, academia, research laboratories, government agencies, and other stakeholders regarding the department’s new perspective on distributed wind research and development focus areas …
Source: Working Together to Resolve Environmental Effects of Wind Energy
10:30 a.m. ET
Join the first of a quarterly webinar series developed as part of WREN (Working Together to Resolve Environmental Effects of Wind Energy), which is a cooperative research initiative of the International Energy Agency’s wind group. This webinar series supports WREN’s goal to facilitate international collaboration that advances global understanding of environmental effects of offshore and land-based wind energy development. Inaugural speakers are Cris Hein from the United States, who will present Strategies to Reduce Bat Fatalities at Wind Energy Facilities, and Oliver Behr from Germany, who will present Measuring and Reducing the Number of Bat Fatalities at Wind Turbines in Europe. Each presentation will last 20 minutes, followed by Q&A.
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Audience passcode: 4192129
Date: 8/7/2014The Bureau of Ocean Energy Management (BOEM) announced that it is proceeding with competitive commercial wind energy leasing offshore North Carolina, having defined three Wind Energy Areas (WEAs): Kitty Hawk (approximately 122,405 acres),…
by Debra Fiakas CFA
Over the past six months advanced biofuel producers have raised $450
million in new capital. The industry has finally gained
traction after shifting focus from strictly cellulosic ethanol
technologies to a mix of biochemical and renewable fuels. Few
if any of the advanced biofuel companies ‘climbed up out of the
red,’ but we suspect the investors who had a chance to participate
in these deals thought they had got a whiff of profits.
Indeed, Gevo, Inc. (GEVO:
Nasdaq) promised to achieve breakeven at its Luverne,
Minnesota plant this year as the ethanol and isobutanol producer was
raising capital for renovations and capacity expansion. The
stock still languishes below a dollar per share.
If we take the view that so-called smart money participated in these
transactions and that the capital infusion will have a catalytic
effect on operations, then the public advanced biofuel companies
could be strong growth stocks. I looked at each of the public
biofuel developers - PEIX,
- that have raised capital in the last six months to see
which one looks like a strong buy.
None of them have earned a dime in profits for shareholders, so we
are unable to make a comparison using a valuation metric such as
price to earnings or price to cash flow. In terms of
Ethanol (PEIX: Nasdaq) and Renewable Energy Group (REGI :
Nasdaq) are the most interesting, with stocks that trade at
0.40 times sales.
However, a relatively low valuation metric might not be the most
compelling factor. A short interest has built up in shares of
Kior, Inc. (KIOR :
Nasdaq), a developer of cellulosic gasoline and diesel, that is near
a quarter of the company’s float. The stock is trades for
pennies per share in modest volumes, largely because by all accounts
it is on its last leg so to speak. KiOR raised $10 million
earlier this year, but still needs more capital to stay in business.
Reportedly, management miss a loan payment and long-time investor
Vinod Khosla seems to have lost interest. However, a last
minute infusion of capital or a sale of the company to a strategic
investor would likely drive the stock higher from the current price
Amyris, Inc. (AMRS:
Nasdaq) has also won the disrespect of short-sellers who are
not impressed with the company’s specialty chemicals and biofene
business model. Just over a quarter of AMRS has been sold
short. Near the end of June AMRS shares formed a so-called
‘low pole warning,’ suggesting the stock could sink lower.
However, the stock almost immediately began trading new momentum and
traded dramatically higher in the last week, as the company
announced the availability of a new loan facility to support
development of farnesene technologies. A short-squeeze could
change things. I believe a majorty of shares was shorted at
prices between $3.50 and $4.20. Thus any development that
might push the shares above $4.20 would likely put some fear into
the hearts of short-sellers. The stock has tested the $4.20
price level twice in recent weeks and failed both times, so it might
be worthwhile to watch AMRS closely.
The only stock left on our short-list of advanced biofuel developers
is that of Methes Energies
International Ltd. (MEIL:
Nasdaq). The company raised $5.0 million in new capital
through the sale of common stock in May this year. The shares
were sold at $2.00 per share, leaving everyone who participated in
the offering under water as the stock has steadily downward ever
since the deal was priced. The company has announced a string
of accomplishments over the past couple of months and appears to be
on the cusp of delivering its first shipments of biodiesel valued t
$6.0 million. Investors have not been impressed, but it is
possible they are missing an important turn.
In my view, the odds a bit better with any of these stocks than
lotto…and a few a priced better than a lottery ticket!
Debra Fiakas is the Managing Director of Crystal Equity
Research, an alternative
research resource on small capitalization companies in selected
Neither the author of the Small Cap
Strategist web log,
Crystal Equity Research nor its affiliates have a beneficial
interest in the companies mentioned herein.
Today, the Earth got a little hotter, and a little more crowded.
Daily Climate Change: Global Map of Unusual Temperatures, Aug 22, 2014
Read more: Wind Power, Natural Disasters, Rising Sea Levels, Congress, Aus…
By Jeff Siegel
An impending glut of solar panels was going to be the death knell
for the industry.
Or at least that’s how the solar bears framed the argument just a
few short years ago.
Today, however, it’s a different story…
A shortage of solar panels is now going to kill the
Or at least that’s how the bears are framing the argument this
Meanwhile, I’m grinning ear to ear. Because just as opportunity
existed during the great solar glut, opportunity exists as the
solar industry gears up for a potential shortage.
So don’t hate, my friends. Participate!
Solar Goose Bumps
On Tuesday morning, Bloomberg published a pieced
entitled, “Solar Boom Driving First Global Panel Shortage Since
Ah, that headline gives me goose bumps.
According to Bloomberg New Energy Finance, the solar industry may install as much as 52
gigawatts this year and 61 gigawatts in 2015. That’s up from 40
gigawatts in 2013 and more than seven times what developers
demanded five years ago.
Bottom line: The smart money is doubling down on the solar
manufacturers gearing up for the shortage.
Easily Worth $75
Right now, Canadian Solar (NASDAQ: CSIQ)
is building a new solar cell factory that, when completed, will be
able to pump out 300 megawatts of annual capacity.
SunPower (NASDAQ: SPWR)
has a new facility in the works, too. Production at this new
factory is expected to begin in 2017 and will pump out 700
megawatts per year.
And of course, there’s SolarCity (NASDAQ: SCTY).
This financing and installation company announced in June that it
would be acquiring solar panel manufacturer Silevo (as well as
building a new manufacturing plant) in an effort to lock in a steady
supply of product to meet demand.
We are in discussions with the state of New York to build the
initial manufacturing plant, continuing a relationship developed
by the Silevo team. At a targeted capacity greater than 1 GW
within the next two years, it will be one of the single largest
solar panel production plants in the world. This will be
followed in subsequent years by one or more significantly larger
plants at an order of magnitude greater annual production
Given that there is excess supplier capacity today, this may
seem counter-intuitive to some who follow the solar industry.
What we are trying to address is not the lay of the land today,
where there are indeed too many suppliers, most of whom are
producing relatively low photonic efficiency solar cells at
uncompelling costs, but how we see the future developing.
Without decisive action to lay the groundwork today, the massive
volume of affordable, high efficiency panels needed for
unsubsidized solar power to outcompete fossil fuel grid power
simply will not be there when it is needed.
Even if the solar industry were only to generate 40 percent of
the world’s electricity with photovoltaics by 2040, that would
mean installing more than 400 GW of solar capacity per year for
the next 25 years. We absolutely believe that solar power can
and will become the world’s predominant source of energy within
our lifetimes, but there are obviously a lot of panels that have
to be manufactured and installed in order for that to happen.
The plans we are announcing today, while substantial compared to
current industry, are small in that context.
I remain extremely bullish on SolarCity, and I do hope you picked
some up after I suggested you do so following the free fall that
took the stock down to below $50 back in March.
Today, SolarCity trades for around $70 a share. On the low end, I
maintain that this is easily a $75 stock, while Goldman puts it
higher at $85 and Deutsche Bank at $90.
Of course, if you prefer a little more action and the opportunity
for an even bigger gain in the solar space, consider one of the
up-and-coming solar tech plays that don’t get much attention in
the mainstream but that are poised for major gains as the solar
market continues to soar.
To a new way of life and a new generation of wealth…
Full Disclosure: I currently own shares of SCTY.