Plummeting Natural Gas Prices Stunting Growth of Renewable Energy Stocks
Five Star Equities Provides Stock Research on Broadwind Energy and SatCon Technology
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 07/30/12 -- 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).
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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. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
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.
Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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Datum: 30.07.2012 - 06:20 Uhr
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