Capstone(
style="font-weight: bold;"
href="http://www.altenergystocks.com/comm/content/capstone-turbine/">CPST
style="font-weight: bold;">), Siemens (
style="font-weight: bold;"
href="http://www.altenergystocks.com/comm/content/siemens/">SI
style="font-weight: bold;">) and China BAK(
style="font-weight: bold;"
href="http://www.altenergystocks.com/comm/content/china-bak-batteries/">CBAK
style="font-weight: bold;">) announce deals; Brightsource
withdraws IPO.
Jeff Siegel and Tom Konrad
April 9: Capstone Turbine (NASDAQ:
href="http://www.altenergystocks.com/comm/content/capstone-turbine/">CPST)
Lands Another 10 Megawatts
JS:
- Capstone Turbine (NASDAQ:
href="http://www.altenergystocks.com/comm/content/capstone-turbine/">CPST)
announced this morning that it received about 10 megawatts worth
of new orders from two oil and gas producers in the Eagle Ford
shale play. For the past few years we’ve seen Capstone become
one of the many beneficiaries of the oil & gas boom in the
U.S. I expect to see Capstone continue to benefit from this
space. That’s the good news. The bad news is that today’s
announcement comes on a day when it looks like the broader
market could struggle. This will likely weigh on any gains.
Still, I remain bullish on Capstone below $1.10.
- China BAK Battery (NASDAQ:
href="http://www.altenergystocks.com/comm/content/china-bak-batteries/">CBAK)
announced today that it has entered into a new contract to
supply high-performance batteries to China-based Chery
Automobile, Inc. The deal calls for BAK to deliver 1,000
lithium-ion units that will be used to power Chery’s Ruilin M1
electric cars. This is the second high-performance battery order
CBAK has landed from Chery. This particular stock got a nice
boost a few weeks ago after picking up about $2 million from the
Chinese government for a battery module project. It’ll be
interesting to see if today’s news will give it another boost.
April 10: Rising Oil Prices Cost Importers $5.5 Billion a Day
TK: IEA chief economist
Fatih Birol calls it a serious cause for concern. More
href="http://www.greenbang.com/rising-oil-prices-cost-importing-countries-5-5-billion-a-day_21732.html">here.
April 11: Siemens (NYSE:
href="http://www.altenergystocks.com/comm/content/siemens/">SI)
Lands $54 Million Rail Deal
JS:
- Siemens (NYSE:
href="http://www.altenergystocks.com/comm/content/siemens/">SI)
has announced that it has won a $54 million contract to provide
signaling technology for an extension of a subway system in
Athens. Apparently, this deal came to fruition about a week
after Greece’s Parliament ended a dispute over an alleged bribe
scandal involving the company. As part of a deal to end the
dispute, Siemens said it would spend more than $131 million to
“enhance activities in Greece.” Despite the irony of the
“bribery” agreement, this is yet another example of how Siemens
is a global leader in the rail space. I’m bullish on Siemens,
and currently have a $114 price target on the stock.
- Just days after landing its high-performance battery deal with
Chery Automobile, China BAK Battery (NASDAQ: href="http://www.altenergystocks.com/comm/content/china-bak-batteries/">CBAK)
has announced that it has regained compliance with the NASDAQ
minimum bid price requirement. I imagine this will offer further
support for the stock going forward. Especially today, if the
market really does prove to shake off the stink of 5 straight
days of losses.
April 12: Brightsource Withdraws IPO
TK: Concentrated Solar
Power (CSP) company Brightsource
href="http://dealbook.nytimes.com/2012/04/12/brightsource-energy-withdraws-i-p-o/">withdrew
its IPO today. The company cited “tough market
conditions.” As in the recent bankruptcies of two other CSP
companies:
href="http://www.forbes.com/sites/toddwoody/2011/12/21/solar-millennium-files-for-bankruptcy-as-solar-shakeout-continues/">
Solar Millennium (
href="http://www.altenergystocks.com/comm/content/solar-millenium/">S2M.DE)
and
href="http://www.renewableenergyworld.com/rea/news/article/2011/09/solar-shakeout-continues-stirling-energy-systems-files-for-chapter-7-bankruptcy">Stirling
Energy Systems and a 13% decline in solar stocks over the
past month.
April 13: If You Rely On Water To Live, You Need To Watch This
Video
JS: As demand for food
increases across the globe, agriculture is becoming the largest
driver of climate change, loss of biodiversity and environmental
destruction.
But there are solutions. And ecology expert Jonathan Foley offers
these solutions in his TED talk, which was just recently posted.
Check it out. . .
src="http://www.youtube.com/embed/uJhgGbRA6Hk?feature=player_embedded"
allowfullscreen="" frameborder="0" height="360" width="640">
Disclosure: None
Jeff Siegel is Editor of
style="font-style: italic;"
href="http://www.energyandcapital.com/">Energy and Capital
style="font-style: italic;">, where his notes were first
published.
Tom Konrad CFA is the Editor of
href="http://www.altenergystocks.com/">AltEnergyStocks.com




