Underachieving American Superconductor and Evergreen Solar Well Position for US Growth
July 11 2011 - 8:16AM
Marketwired
Alternative Energy stocks have been volatile of late. While
skyrocketing gas prices have led to an increased emphasis on
renewable energy, changes in government incentives in Europe and
delays for certain projects has caused a pullback for some
companies. The Bedford Report examines the outlook for the
alternative energy sector and provides equity research on American
Superconductor Corporation (NASDAQ: AMSC) and Evergreen Solar, Inc.
(NASDAQ: ESLR). Access to the full company reports can be found at:
www.bedfordreport.com/AMSC
www.bedfordreport.com/ESLR
Earlier this year Italy approved a decree that cuts spending on
generous solar power incentives. Under the new solar decree, a
transitional period with gradual cuts in incentives will start from
June 1, 2011 and run to 2013, after which the incentives will
automatically be linked to reaching a certain level of installed
capacity.
Alternative energy in the US remains positioned for growth,
however, as the Obama Administration has made it clear that green
technologies such as wind and solar power will create the American
jobs of the future. Perhaps the greatest sign of all is the solar
energy tax legislation, the Treasury Section 1603 Program, which
President Barack Obama signed into law in December.
The Bedford Report releases stock research on the alternative
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best investment decisions to maximize their returns. Take a few
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The Obama administration is seeking to boost the use of wind
power and has begun to take steps to speed up the approval process
for offshore wind energy leases. The Administration argues that
renewable energy represents both a means to reduce reliance on
petroleum as well as a way to boost American manufacturing and
jobs. According to the American Wind Energy Association (AWEA),
wind is about a quarter the cost of solar power. Back in 2008, the
AWEA estimates Wind-power projects created 35,000 new jobs.
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members. The Bedford Report has not been compensated by any of the
above mentioned publicly traded companies. The Bedford Report is
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