|
Sector Close Up – Renewable Energy Stocks – Solar Stocks First Solar (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Yingli Green Energy (NYSE: YGE) and Evergreen Solar (NASDAQ: ESLR) Show Strong Gains
Evidence of Growth Seen through Expansion of Manufacturing Facilities, New Contracts and Additional Funding
POINT ROBERTS , Wash. , Delta B.C., July 30, 2007 - InvestorIdeas.com, a leading global investor and industry research resource portal specialized in sector investing, issues Sector Close Up – Renewable Energy Stocks. As oil prices hold above $75 per barrel, renewable energy stocks are gaining momentum.
Evidence of growth is swarming the sector being led for the most part by solar stocks thanks to companies such as First Solar, Inc. (NASDAQ: FSLR), SunPower Corporation (NASDAQ: SPWR), Y ingli Green Energy Holding Co. Ltd. (NYSE: YGE) and Evergreen Solar Inc. (NASDAQ: ESLR).
advertisement
First Solar (NASDAQ: FSLR), the largest gainer in the solar market, has seen its share price increase a phenomenal 500% since it went public in November based on today’s close of $120.28. The company is positioning for additional growth, announcing that it is raising $1 billion in a secondary offering.
While solar is leading the way, other areas within the renewable energy industry are showing signs of significant growth. FPL Energy, a subsidiary of FPL Group Inc. (NYSE: FPL), despite revealing that poor wind conditions cut into profits by $50 million, has shown great confidence in wind energy as an alternative power source. The Company announced that it would add between 8,000 and 10,000 megawatts of wind power to its overall portfolio and use a diverse range of geographical locations to help offset the weather risks going forward. Investors seem to share the company’s optimism as shares of FPL were up nearly 5 ¼ % today.
FuelCell Energy Inc. (NASDAQ: FCEL), a manufacturer of ultra-clean power plants continues to expand, and recently announced $1.2 million in funding and scale-up approval for their Electrochemical Hydrogen Separation system, which separates hydrogen from a gas mixture while generating electricity enabling the extracted gas to be sold as fuel for hydrogen vehicles or for industrial uses.
Sector Close Up – Hot Renewable Energy Stocks
- FuelCell Energy Inc. (NASDAQ: FCEL) closed today’s trading at $7.49 up 4.17%.
- FPL Group, Inc. (NYSE: FPL), the U.S. leader in wind energy development and operations, traded up $2.87 today after their earnings report and wind expansion plans.
- First Solar, Inc. (NASDAQ: FSLR), showed a strong performance today up 8.66% or $9.59 closing at $120.28
- SunPower Corporation (NASDAQ: SPWR) closed up $4.50 to $72.34 a gain of 6.63% The company is in the midst of launching their new plant in the Philippines, a facility which has been recognized by the International Energy Agency for its superior energy-efficient design.
- Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) was up $6.39 for the day, closing at $18.16. The Company announced last week that it had completed of the first stage of its manufacturing expansion plan adding100MW of total production capacity of polysilicon wafers, PV cells and PV modules.
- Evergreen Solar Inc. (NASDAQ: ESLR) had a strong day up almost 6% to $8.65. The Company’s second quarter highlights include the raising of over $170 million in equity and the start of production at the second EverQ facility, Evergreen Solar's joint venture with Q-Cells AG and Renewable Energy Corporation ASA.
Cleantech Sector Stock Directories
Environment Stock Directory – click here
Renewable Energy Stocks Directory - click here
Water Stocks Directory - click here
Renewable Energy Stocks Conference/Research Tool:
Greentech Audio Online Investor Conference- click here
Hear from 14 experts and 6 public company CEO’s on how to participate in and understand the Green Technology long term trend.
Green and Renewable Energy Stock Resources:
EnvironmentStocks.com - a leading global investor and industry research portal for the environmental and socially responsible investing sector
FuelCellCarNews.com® - a leading global investor and industry research portal for the fuel cell car sector
RenewableEnergyStocks.com® - a leading global investor and industry research portal for the environmental renewable energy sector including a list of ethanol stocks.
About InvestorIdeas.com: Investor Research made easy- Find out More
www.InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing.
INVESTORS: Gain Free Access to stock & industry news, financial columnists & Blogs; investor research tools , stock directories, trading center, audio interviews, educational podcasts & online investor conferences.
COMPANIES: Gain Investor & Industry Awareness: Submit News Releases, Featured Company Showcase, Participate in Articles, Podcasts & Online Conferences.
Disclaimer: www.InvestorIdeas.com/About/Disclaimer.asp. Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. The site is compensated by featured companies, news submissions and online advertising.
For more information contact:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Ann-Marie Fleming: 866-725-2554 - afleming@investorideas.com
|
