American Superconductor and SatCon Technology Turn to China for Growth
October 06 2011 - 8:16AM
Marketwired
Renewable energy stocks have been on the downturn over the last
month as the Eurozone debt crisis has led to subsidy concerns.
Meanwhile, in the United States the "Solyndragate" scandal has
already begun to affect policy. In China, however, the alternative
energy market continues to grow at a rapid pace, placing added
emphasis on renewable energy companies' Chinese operations. The
Paragon Report examines investing opportunities in the Renewable
Energy Sector and provides equity research on American
Superconductor Corporation (NASDAQ: AMSC) and SatCon Technology
Corporation (NASDAQ: SATC). Access to the full company reports can
be found at:
www.paragonreport.com/AMSC
www.paragonreport.com/SATC
Last month Republicans broadened their attack on the Obama
administration's management of stimulus money and its pursuit of
alternative energy -- such as Solyndra -- as a way to spur
employment. "A green jobs fueled recovery is a theory, and is yet
unproven," argued Darrell Issa, Republican of California. Rep.
Cliff Stearns, the Florida Republican leading the Solyndra
investigation, bluntly argued that the United States "can't compete
with China to make solar panels and wind turbines."
In the Eurozone, the current debt crisis has led to widespread
fears regarding subsidies. So far growth projections remain on
track, however. In the EU, senior advisor on climate change and the
environment for the European Wind Energy Association (EWEA), Rémi
Gruet, said, non-binding renewable electricity targets set in 2001,
combined with the target for renewables to supply 20% of all energy
in the bloc by 2020, have driven up installation rates. He said
84GW of wind capacity were installed by 2010, supplying 5.3% of EU
electricity consumption.
The Paragon Report provides investors with an excellent first
step in their due diligence by providing daily trading ideas, and
consolidating the public information available on them. For more
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Gruent argues that renewable targets are "a proven legislative
tool that already delivered significant development in the EU, US,
China, and many other developed and developing countries."
Despite being one of the world's most prominent polluters,
China's investment into clean technology far surpass the United
States. According to Ernst & Young, China is the most
attractive location to invest in renewable energy projects. The
firm says that the United States slipped to second place last year
-- due in part to China's $11.5 billion in asset-financing for
clean technology in the second quarter of this year -- on the
Renewable Energy Country Attractiveness Indices.
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