The Week In Cleantech- 4/14/12

Posted on 14 April 2012 by Sustainability Digest

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

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