Thursday, June 12, 2008

Cogeneration Stocks: the Forgotten Green Power


One of the alternative energy green stocks that is rarely discussed in the press is cogeneration. Cogeneration is the generation of two or more sources of power, such as electricity, heat, and steam, from one source of fuel. Even cooling can be another byproduct of cogeneration plants though the use of absorption chillers with moderate heat.

Cogeneration plants come in all sizes from those for individual homes to those for large utilities. Consolidated Edison Inc. (ED) is the largest cogenerator in the world with seven cogeneration plants which produce 30 billion pounds of steam to Manhattan every year. All of the following stocks have market caps over $230 million and most trade either on the New York Stock Exchange or NASDAQ.

Ballard Power Systems Inc. (BLDP) is a British Columbia based manufacturer of hydrogen fuel cells for materials handling, residential cogeneration systems, and back-up power. The stock has a PE of 12.

Constellation Energy Group (CEG) designs, constructs and operates renewable energy, and cogeneration facilities for commercial, industrial and governmental customers. This company, founded in 1906, is an electrical generating company which owns and operates generating plants and fuel processing facilities utilizing various types of fuel including nuclear, coal, natural gas, oil, solar, geothermal, hydro and biomass. The P/E is 20 and the PEG is 1.03. The yield is 2.2%.

Capstone Turbine Corp. (CPST) is involved in the development, manufacture, marketing, and servicing of microturbine technology solutions used in stationary distributed power generation applications for cogeneration power. The company recently generated negative earnings of 24 cents per share for the recent quarter.

Husky Energy (HUSKF.PK) is a Canadian integrated energy company which maintains interests in two cogeneration plants, a 215-megawatt natural gas-fired electricity Meridian cogeneration facility and a 90-megawatt natural gas-fired cogeneration facility adjacent to its Rainbow Lake Gas Processing Plant. The stock has a PE of 12.

Veolia Environnement SA (VE) is a Paris, France based company which trades on the New York Stock Exchange. They provide environmental management services, such as cogeneration services, to governmental agencies, individuals, and industrial and commercial customers. The stock has a PE of 18, a PEG of 1.42, and a yield of 4.7%.

Plug Power Inc. (PLUG) designs and makes fuel cell systems. The company is in partnership with Honda to develop home co-generation of heating, power and hydrogen. The stock generated negative earnings of 80 cents per share for the quarter.

If you like green stocks check out the following:

Solar energy
Fuel cells
Wind power
Ethanol
Geothermal
Flywheels
Wave power

Author does not own any of the above.

By Fred Fuld at Stockerblog.com

2 comments:

www.ShareTipsInfo.com Team said...

Dear Visitors,

This blog is really nice and informative. We are pleased to know this blog is really helping people. Its our pleasure to post informative content on this useful blog created by webmaster.

Today that is 20-June-08 Inflation data has broken the records of past 13 years. Today declared Inflation was 11.05% which is too high. From last one month market is in no trade zone. Everyone is feeling pain from market response.

Just watch

The Sensex has lost more than 27% since its January peak, and trading volumes are down 46%.
Investors has lost there 70% of portfolio .

But still we say there are many undervalued stocks which can be used for investment.

To name few
1. DIGJAM
2. SBI

Most of the stocks are trading near to there 52 weeks lows. There are many fundamentally strong scripts too that are trading at lower levels. One can buy and hold them.

Nifty is expected to correct bit more and after that we can say market will be bullish. As this correction was overdue reason being if we observe in past months speculated stocks whose fundamentals are zero has also shown tremendous upward rallies in the market and now again they are trading at there real values. But still investors are trapped in them and no one is sure those scripts will ever reach those highs or not.

Stock market is a ocean where there are many pearls ( here scripts) so one need to select the best one. We strongly recommend if you are not intraday trader but investor then do go through company fundamentals and then invest.

For any query feel free to contact us.

Regards
SHARETIPSINFO TEAM

+91 9891655316
+91 9899056796
+91 9891890425

www.ShareTipsInfo.com Team said...

Dear Visitors,

This blog is really nice and informative. We are pleased to know this blog is really helping people. Its our pleasure to post informative content on this useful blog created by webmaster.

Today that is 20-June-08 Inflation data has broken the records of past 13 years. Today declared Inflation was 11.05% which is too high. From last one month market is in no trade zone. Everyone is feeling pain from market response.

Just watch

The Sensex has lost more than 27% since its January peak, and trading volumes are down 46%.
Investors has lost there 70% of portfolio .

But still we say there are many undervalued stocks which can be used for investment.

To name few
1. DIGJAM
2. SBI

Most of the stocks are trading near to there 52 weeks lows. There are many fundamentally strong scripts too that are trading at lower levels. One can buy and hold them.

Nifty is expected to correct bit more and after that we can say market will be bullish. As this correction was overdue reason being if we observe in past months speculated stocks whose fundamentals are zero has also shown tremendous upward rallies in the market and now again they are trading at there real values. But still investors are trapped in them and no one is sure those scripts will ever reach those highs or not.

Stock market is a ocean where there are many pearls ( here scripts) so one need to select the best one. We strongly recommend if you are not intraday trader but investor then do go through company fundamentals and then invest.

For any query feel free to contact us.

Regards
SHARETIPSINFO TEAM

+91 9891655316
+91 9899056796
+91 9891890425