Plummeting Natural Gas Prices Stunting Growth of Renewable Energy Stocks
July 30 2012 - 8:20AM
Marketwired
Clean energy stocks have struggled considerably this year as the
emergence of natural gas as a cheaper alternative have led to
growth concerns for the industry. The PowerShares Wilderhill Clean
Energy Portfolio (PBW) is down more than 20 percent over the last
three months. Five Star Equities examines the outlook for companies
in the Renewable Energy Industry and provides equity research on
Broadwind Energy Inc. (NASDAQ: BWEN) and SatCon Technology Corp.
(NASDAQ: SATC).
Access to the full company reports can be found at:
www.FiveStarEquities.com/BWEN
www.FiveStarEquities.com/SATC
According to recent data from the Energy Information
Administration (EIA), approximately 13 percent of the electricity
generated in the U.S. came from renewable energy sources.
Macroeconomic uncertainties stemming from the Eurozone crisis and
plummeting natural gas prices have combined to produce a
challenging environment for the renewable energy industry in 2012.
The current glut of natural gas and improvements in "fracking"
techniques will see natural gas as a cheaper alternative for years
to come.
"This is significant, as natural gas is expected to have a
stronger future than ever, serving as a cleaner transition away
from traditional fossil energy for power generation and
transportation fuel," Dallas Kachan, industry analyst and managing
partner of cleantech research and consulting firm Kachan &
Co.
Five Star Equities releases regular market updates on the
Renewable Energy Industry so investors can stay ahead of the crowd
and make the best investment decisions to maximize their returns.
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Broadwind Energy applies decades of deep industrial expertise to
innovate integrated solutions for customers in the energy and
infrastructure markets. The company is scheduled to release second
quarter 2012 financial results on Wednesday, August 8, 2012. Shares
of Broadwind have fallen over 60 percent this year.
Satcon Technology Corporation is a leading provider of
utility-grade power conversion solutions for the renewable energy
market, enabling the industry's most advanced, reliable and proven
clean energy alternatives. The company is scheduled to release
second quarter 2012 financial results on Wednesday, August 8,
2012.
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