The Business Day In Global Warming (CLNE, GE, YGE, ASYS, GFET, LDK, ACPW, MS)

Energy

Published: December 11, 2007 4:38 pm

Last Updated: March 26, 2020 6:13 pm

Today, energy industry sage T. Boone Pickens was opening his new facilities for LNG conversion to fuel in California for his Clean Energy Fuels Inc. (NASDAQ: CLNE). He came on CNBC and predicted "$100+ oil" and called for higher prices to be the norm from here on.

General Electric (NYSE:GE) announced orders for 20 Jenbacher Gen-Sets, 4 LMS 100 Gas Turbines for Latin American power companies, and 333 wind turbines in two U.S. states.

Yingli Green Energy Holding Company Limited (NYSE: YGE) priced its offering of US$150,000,000 zero coupon convertible senior notes due 2012 and the pricing of a concurrent offering of 5,600,000 American depositary shares by certain shareholders of the Company.

Amtech Systems, Inc. (NASDAQ: ASYS) received a $3.9 million follow-on solar order for diffusion processing systems from an existing solar cell customer based in Taiwan.

Yesterday, Gulf Ethanol (OTC: GFET) signed definitive agreements to acquire its new cellulose feed-stock processing technology for ethanol plants.

Just yesterday, Lazard Capital Markets reiterated its SELL rating on LDK Solar (NYSE: LDK) despite it being up large on a questionable supply order.

Active Power, Inc. (NASDAQ:ACPW) announced yesterday that the S.E.C. has completed its investigation into the company’s past stock option granting practices and is not recommending any enforcement action.

Yesterday, Morgan Stanley (NYSE: MS) invested in a $200 million staged solar project fund in Recurrent Energy to provide financing for $100mm of Recurrent Energy’s solar electric power projects in 2008 and an additional $100mm in 2009.

Jon C. Ogg
December 11, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

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