UNFORTUNATELY, CLIMATE CHANGE GOALS WILL FAIL & EARTH IS DOOMED
President Obama & other world leaders, Al Gore, Lord Moncton, David Suzuki, Environmentalist & Climate Change proponents etc are fighting a losing battle.
Big Oil, Koch Brothers, David Tepper, paid off analysts, paid off lawyers & aggressive Short Sellers etc are working overtime to kill companies like SunEdison the largest global renewable energy company in the world.
Ironically, SUNE tanked with the price of oil tanking when demand for oil is going down but demand for electricity is going up.
Their stock tanked from $33.45 to $1.50 within 6 months due to oil price tanking & aggressive short selling (over 35% short interest), even though they have a huge back log of projects, $4.43 book value (PEG ratio 0.02, $1.4 billion equity & owns 2 Yield Cos TERP & GLBL but only $490 million market cap) & mostly strong buy recommendations from most analysts. It went from a $11 billion dollar market cap company to $500 million within 6 months!
If investors keep losing on renewable energy investments & green companies go bankrupt, the Climate Change movement will die off along with Earth.
You can talk all you want but in reality, cash is king!
Public Utilities Commission Chair Randy Iwase blasted Hawaiian Electric (HECO) for terminating a contract for three solar farms on Oahu. He threatened further investigation.
“When the utility kills cheaper renewable projects to announce new fossil fuel plants, it sounds bad. But worse, it could mean the utility is actually killing off competition from cheaper renewable generators that would have competed with its own fossil fuel plants which it wants to maximize profits from.” – Rep. Chris Lee (D, Kailua-Waimanalo).
UNFORTUNATELY, CLIMATE CHANGE GOALS WILL FAIL & EARTH IS DOOMED
President Obama & other world leaders, Al Gore, Lord Moncton, David Suzuki, Environmentalist & Climate Change proponents etc are fighting a losing battle.
Big Oil, Koch Brothers, David Tepper, paid off analysts, paid off lawyers & aggressive Short Sellers etc are working overtime to kill companies like SunEdison the largest global renewable energy company in the world.
Ironically, SUNE tanked with the price of oil tanking when demand for oil is going down but demand for electricity is going up.
Their stock tanked from $33.45 to $1.50 within 6 months due to oil price tanking & aggressive short selling (over 35% short interest), even though they have a huge back log of projects, $4.43 book value (PEG ratio 0.02, $1.4 billion equity & owns 2 Yield Cos TERP & GLBL but only $490 million market cap) & mostly strong buy recommendations from most analysts. It went from a $11 billion dollar market cap company to $500 million within 6 months!
If investors keep losing on renewable energy investments & green companies go bankrupt, the Climate Change movement will die off along with Earth.
You can talk all you want but in reality, cash is king!
Public Utilities Commission Chair Randy Iwase blasted Hawaiian Electric (HECO) for terminating a contract for three solar farms on Oahu. He threatened further investigation.
“When the utility kills cheaper renewable projects to announce new fossil fuel plants, it sounds bad. But worse, it could mean the utility is actually killing off competition from cheaper renewable generators that would have competed with its own fossil fuel plants which it wants to maximize profits from.” – Rep. Chris Lee (D, Kailua-Waimanalo).
http://www.pressreader.com/usa/honolulu-star-advertiser/20160218/281479275476717/TextView