This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at firstname.lastname@example.org or call 800-767-3771 ext. 9339.
For Immediate Release
Chicago, IL – October 19, 2012 – Today, Zacks Equity Research discusses the U.S. Alternative Energy, including Royal Dutch Shell plc (RDS.A - Analyst Report), BP plc (BP - Analyst Report), Covanta Holding Corporation (CVA - Snapshot Report), Ormat Technologies Inc. (ORA - Snapshot Report) and OriginOil Inc. (OOIL - Analyst Report).
A synopsis of today’s Industry Outlook is presented below. The full article can be read at
Environmental advantage: Solar power is the most benign electricity resource. Solar cells generate electricity without air or water emissions, noise, vibration, habitat impact or waste generation. Over time, rapid population growth, depletion of non-renewable conventional sources, and escalating pollution levels will help shape a much more pronounced global focus on renewable projects.
The long-term bullishness is shared even by oil goliaths like Royal Dutch Shell plc (RDS.A - Analyst Report) and BP plc (BP - Analyst Report) who expect that by fiscal 2050, one-third of the global energy needs will come from renewable sources.
In this space we are bullish on waste management service provider, Covanta Holding Corporation (CVA - Snapshot Report), which has tied the majority of its service contracts under long-term agreements with inflation escalators.
Fuel risk advantage: Unlike fossil and nuclear fuels, alternative energy has no risk of fuel price volatility or delivery risk. Although there is variability in the amount and timing of sunlight in the day, season and year, a properly sized and configured system can be designed to ensure high reliability while providing a long-term, fixed-price electricity supply.
In this context the one name we are bullish about is Ormat Technologies Inc. (ORA - Snapshot Report), which engages in the geothermal and recovered energy power business. Another innovative player in this field is OriginOil Inc. (OOIL - Analyst Report) which engages in the development of technologies to help companies produce algae to replace petroleum in various applications.
In light of the Fukushima Daichi episode in Japan, the global focus has tilted towards solar in a big way. Germany plans to phase out nuclear power plants by 2022. This move will definitely boost solar fortunes in one of its largest global markets.
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment
Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=4581.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/ZacksInvestmentResearch
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Zacks Investment Research
800-767-3771 ext. 9339