PNOC Energy Development, a philippine geothermal company listed on the philippine stock exchange (sorry, no price data for this exchange yet) yesterday shed 1 percent at 4.75 pesos on profit-taking, after surging 9 percent last week.

PNOC by the way stands for Philippine National Oil Company - hardly a moniker I'd attach to geothermal power. Nevertheless, the company has a portfolio of 1145 megawatts of geothermal power making the Philippines, the world's second largest producer of geothermal in the world after the USA.