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The
aim of this newsletter is to complement the news-based
website, with a primary focus on price-based information
over the previous period and to advise of forthcoming
company announcements (see bottom) and IPOs.
Winners
and losers: 7th March -
4th April 2008
THE WINNERS
1.
JA
Solar Holdings +63.90%
News
on April 4th that in the US that key tax subsidies
could be extended beyond 2008 lifted much of the solar
sector. JA Solar meanwhile can point to very
positive analyst up-ratings throughout March from
RBC Capital Markets, Collins Stewart, Lehman Brothers
Needham and Lazards.
2.
LDK
Solar +61.85%
The
problems of the polysilicon supply crunch are well
documented in the solar industry. LDK though seems
to have bucked the trend. On
the 4th April, LDK Solar signed a 6 year wafer
supply deal with a Greek firm and another with a Canadian
Firm. At the same time they secured a sourcing agreement
for 1,450 metric tons of polysilicon.
3.
Quantum
Fuel Systems Technologies Worldwide +56.79%
To
great excitement, Quantum won a contract to supply
hydrogen refueling stations to oil giant, Shell, on
March 31st. Earlier in the month, the company
reported a much narrower loss of $1.4m from $21.6m
and a surge in revenue from $2.3m to $7.1m.
4.
Solarfun
Power Holdings +52.87%
On
March 27th, Solarfun reported a doubling of Q4
profit to $9.1m and was lifted by generally positive
sentiment in March on solar stocks.
5.
Sunpower
Corp +50.67%
Along
with the general solar recovery, Sunpower
has arguably been lifted by higher oil prices,
now easily over $100 a barrel. Sunpower is also primarily
a USA focussed solar company and has more exposure
to the positive news re: subsidies.
THE
LOSERS
1.
Prometheus
Energy
-58.06%
Prometheus
is a fuel company that produces, sells and distributes
liquid natural gas sourced from waste and stranded
sources of methane. Libra Natural Resources plan to
sell
its entire 11.55% stake in the firm prior to relisting
as FibreGen plc in May 2008.
2.
Australian
Biodiesel Group
-47.83%
To
state the obvious, there has been some selling going
on - on
7th March, Transfield Pty Ltd Group ceased to
be a substantial holder in ABG. The further slide
has been a continuation of troubles with the changing
Australian regulation, rising soft oil input costs
and a mothballing and move to standby status of 2
AGB plants - see
here for details, slide 3.
3.
Ecosecurities
Group
-42.76%
On
March 14th, Ecosecurities made a loss in excess
of the forecast, EUR 43.3m in 2007, compared with
a loss of EUR 19.5m in 2006.
4.
Torrens
Energy
-39.24%
Australian geothermal stocks were all the rage anticipating
great things ahead of Kevin Rudd becoming Prime Minister.
Through no fault of their own, a stockbroker, Opes
Prime, collapsed and were taken over by ANZ and
some fallout continues. Torrens confirmed 1.6 million
shares, 3.3 per cent of total issued capital, were
held by ANZ Nominees, though it was unable to confirm
that they were subject to margin lending facilities.
5.
Petrotec
AG
-39.21%
Like
most German biodiesel producers, Petrotec continues
to suffer from a less favorable regulatory environment,
an increase in the price of feedstock and particular
to them, an
extraordinary non-cash amortization.
___________________________________________________________
FORTHCOMING
COMPANY DATES & IPOS
COMPANY - Effective
Dates (mm/dd/yyyy) - Corporate
Action
CANADIAN
HYDRO DEVELOPERS 04/18/2008
-
ANNUAL
GENERAL AND EXTRAORDINARY SHAREHOLDERS MEETING
CEMIG
SA 04/25/2008
-
ANNUAL
SHAREHOLDERS MEETING
_______________________________________________
FORTHCOMING INITIAL PUBLIC
OFFERINGS
EOLIA RENOVABLES - this year
on the Madrid Stock Exchange
OCEANLINX
- postponed
FALCK RENEWABLES
- In the pipeline
EVERQ
- On the horizon
_______________________________________________
Questions, comments?
Please send an email to
dan@altenergyinvestor.org
Dan Lewis, Editor. | 