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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: 27th May -
27th June 2008
THE WINNERS
1.
Hydrogenics
Corp +68.18%
Last
week, Hydrogenics
spiked sharply upwards provoking great interest
amongst highly technically minded traders. On the
news front, one can point to the announcement on
June 26th, that the firm had made a sale to Shell
of an integrated hydrogen generation system - basically
a fuelling station - and could be the first of many
to appear in California. Governor Schwarzenegger wants
200 across the state of California before he retires.
2.
Ersol
Solar Energy +65.17%
One
of Germany's biggest - if not the world's - white
goods manufacturers, Bosch, made
a bid in early June for a controlling stake Ersol
Solar at a 63% premium to the share price. They succeeded.
This has led
to some speculation that other solar companies
may soon be lined up for similar deals.
3.
Econergy
International
+44.00%
Another
bid story ! On
June 13th, Suze Energy South America, made a cash
offer for Econergy, a better price than Trading
Emissions were prepared to offer before
they pulled out. The back story to this has to
be rising price of carbon and the approach of a new
American President, McCain or Obama, who is more favourable
to carbon trading.
4.
Australian
Biodiesel Group +40.00%
After
being in the doldrums for some time, a combination
of a high oil price and crucially, an
explosion at the Apache Varanus Island gas plant,
are making alternative fuel producers attractive again
in Australia. This has helped Australian
Renewable Fuels as well.
5.
SAG
Solarstrom +37.42%
On
20th June, SAG Solarstrom was upgraded from
hold to add by analysts at First Berlin.
They favoured the appointment of the new CEO and the
results of the restructuring efforts.
THE
LOSERS
1.
Tanfield
Group
-53.85%
Tanfield
has been hammered, and continues to be so, after
the company reported a sharp drop in global demand
for aerial platforms and production problems with
its electrical vehicles. It gets worse because now
the London
Stock Exchange's regulatory team is investigating
allegedly poor standards of disclosure and weak financial
controls.
2.
Pacific
Ethanol
-51.46%
A combination of Bill
Gates selling a chunk of his stockholding, record
floods
in America's midwest raising the feedstock price of
corn and even president candidate, John McCain
in typical straight talk style, saying
the federal government should end ethanol subsidies,
amount to a tough month for Pacific Ethanol.
3.
Applied
Intellectual Capital
-50.80%
On
18th
June, AIC said its RedOx Biofuels unit and Mitsubishi
Corp signed a memorandum of understanding to commercialize
a process to convert non-food feedstocks into ethanol.
On 23rd
June, AIC announced the successful testing of
a prototype auto battery which could deliver more
than 3,600 watt hours per kilo. However, we are in
a bear market, and according
to the MFFAIS meanwhile (Mutual Fund Facts About
Individual Stocks) a site I've only just come across
and cannot vouch for, there has been some selling.
4.
Medis
Technologies
-45.97%
On
June 20th, Medis announced that it had entered
into definitive agreements to sell securities to selected
institutional investors for aggregate gross proceeds
of $29m. The offering closed on June 24th and it looks
like they didn't get a very good price.
5.
Nova
Biosource Fuels
-44.83%
NBF
revealed on June
10th, a narrower net loss for Q2 compared to a
year ago of $6.4m compared to $6.7m in 2007. The issue
for the company appears to be running the Seneca,
Clinton County and Scott facilities at full capacity,
for which they require additional financing of $10m
for the Seneca refinery alone.
___________________________________________________________
FORTHCOMING
COMPANY DATES & IPOS
COMPANY - Effective
Dates (mm/dd/yyyy) - Corporate
Action
GREEN
PLAINS RENEWABLE ENERGY
07/03/2008 -
Q2
2008 EARNINGS RELEASE
ROTH
AND RAU 07/04/2008
-
ANNUAL
GENERAL MEETING
CROP
ENERGIES AG 07/09/2008
-
Q4
2008 EARNINGS RELEASE
ENVITEC
BIOGAS 07/10/2008
-
ANNUAL
GENERAL MEETING
CENTROSOLAR
GROUP 07/15/2008
-
ANNUAL
GENERAL MEETING
PHOENIX
SOLAR / SONNENSTROM AG 06/03/2008
-
ANNUAL
GENERAL MEETING
QUANTUM
FUEL SYSTEMS TECHNOLOGIES WORLDWIDE
07/16/2008
-
Q4
2008 EARNINGS RELEASE
EVERGREEN
SOLAR 07/17/2008
-
Q2
2008 EARNINGS
_______________________________________________
FORTHCOMING INITIAL PUBLIC
OFFERINGS
ENERGIAS DE PORTUGAL - who
are floating 25% of their renewables division on
the 4th June. Now live as Fersa Energias
Renovables on AEI, see
here.
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. | 