Is Ocean Energy More Than “A Very Expensive Hobby”?

Jennifer Runyon Powerful Ocean Wave photo via Bigstock That was the question posed to industry experts at the EnergyOcean International conference and exhibition that took place in Danvers, Mass., this week. Referring to three levels of development Epoch 1, 2, and 3 Andrew Tyler, CEO of Marine Current Turbines (MCT), a company now owned by Siemens (SI), gave a few key pointers to companies interested getting beyond the “very expensive hobby” stage of ocean energy development. While his tongue-in-cheek...

Three Stock Alerts: CREG, EFOI, OPTT

By Harris Roen Three volatile alternative energy stocks release earnings reports. Two of the stocks jump, one drops. China Recycling Energy Corp (CREG) More Info Latest earnings report for China Recycling Energy Corp shows a huge jump in revenues and net income. Insider selling, however, has led to stock losses. CREG is down 75% from where it was trading just this March. Seeking Alpha Energy Focus, Inc (EFOI) Profits...

Ocean Power Technologies Riding The Waves

by Debra Fiakas CFA Shares of Ocean Power Technologies (OPTT:  Nasdaq) have traded off over the past two weeks, after setting a new 52-week high in early March 2013.  Investors had bid the stock up in the weeks before the fiscal third quarter earnings announcement, but those gains almost have been erased.  The new negative trend has put OPTT on our list of small-cap energy stocks sinking into oversold territory.  Is the sell-off a chance to pick up shares of this ocean power developer at a bargain?  A better question might be what was...

Incremental Advances in Wave Power Technology Not Enough to Temper OPT Q1 Losses

Marsha Johnston “We’re still at the point where the car industry was of not knowing whether the engine should be at the front or the back,” quips Christopher Barry, chair of the Ocean Energy Technical and Research panel at the Society of Naval Architects and Marine Engineers. “At least a dozen companies are looking into …with at least half a dozen main ideas for getting the energy out that are distinctly different and many variants on those themes.  There are lots of opportunities and we don’t know which will be the winner.”  In contrast, he notes, turbine...

#2 Finavera Renewables (TSX:FVR or FNVRF.PK)

When I first got wind (no pun intended) of Finavera Renewables (TSX:FVR or FNVRF.PK), I did not make too much of it because my view was that commercial exploitation of wave power - which is the banner under which Finavera has decided to promote itself to the investor community - was a few years away at best. Then, upon hearing that the company had managed to get a prototype in the water (PDF document), I decided to do a bit more digging. After all, if the technology worked, the economics of the business model would closely resemble those...

If I Could Own Only One Alternative Energy Stock, It Would Be . ....

Bill Paul My friend Consuelo Mack, host of "Consuelo Mack's Wealthtrack" on PBS TV, asks her guests for their "one investment pick." What's my one alternative energy stock pick? A year ago on Consuelo's show, I recommended LED lighting developer Cree Inc. (Symbol CREE), because the LED lighting market (part of the burgeoning energy efficiency sector) is expected to hit upwards of $5 billion by 2013 v. $600 million in 2008, according to investment banking firm Merriman, Curhan, Ford, and because Cree was then an attractive takeover candidate. It still is; however, since the stock has since risen something...
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