Environment Forum

Ted Turner returns to solar

January 29, 2010

tedturnerU.S. billionaire Ted Turner is taking a shine to solar power — again.

Back in 2007, Turner sold solar developer Turner Renewable Energy to solar panel maker First Solar for $34.4 million — which has since ramped up its push into developing its own solar power projects.

Solar power mounts in Canada

December 11, 2009

canadaflag Solar power is heating up in the northern reaches of  Canada, a country not exactly known for its sunny rays and warm weather.

Thank you, EPA: U.S. solar companies

December 8, 2009

tomwernerMany businesses chafed on Monday at the U.S. Environmental Protection Agency’s declaration that greenhouse gas emissions endanger human health.

Cloudy days for green stocks

September 2, 2009

The federal stimulus bill hasn’t been a ticket to prosperity for clean energy investors.According to Environment America, a federation of state-based, citizen-funded environmental advocacy organizations, over 4 percent of the $787 billion dollar stimulus package passed in February was ear-marked for clean energy projects.Yet the Reuters Business of Green Index, a basket of 14 green stocks, has fared poorly over the last three months, down over 20 percent against the S&P 500 Index.Why isn’t the stimulus bill, which appears to be helping many stocks, not having the desired effect in the greentech and clean energy sectors?”What happens in Washington for the time being is nowhere near as relevant as you might think,” said Raymond James analyst Pavel Molchanov.He notes that green stocks are heavily dependent on the solar industry, 90 percent of which is outside the United States:”Even though there is a large array of clean tech stocks to invest in, the most attractive green stocks and the certainly the largest ones are in the solar stage. And solar has been doing quite poorly because there is quite simply an overcapacity in the global solar industry.”That has put pressure on prices, margins and earnings. Not surprisingly, solar stocks have fared poorly.Suntech Power Holdings, one of the 14 green companies selected by Reuters, had lost 13 percent of it’s value in August when it reported second quarter earnings. Shares of China’s Yingli Green Energy and U.S. panel maker SunPower Corp were down about 17 percent, and First Solar‘s stock was down nearly 15 percent in the same period.Not all of the news is cloudy, but Molchanov says it’s not time to put away the umbrella just yet.”The good news is that sentiment has gotten so negative that it probably doesn’t take much for it to start improving and expectations for earnings are generally pretty low. So that’s helping, but the overcapacity in the market is not going away in the foreseeable future.”

Concerns about fed probe of First Solar deal overblown, some analysts say

June 3, 2009

Shares of U.S. solar company First Solarhave dropped about 7 percent this week on concerns about a federal review of the company’s recent acquisition of rival OptiSolar, which was first reported by the Los Angeles Times on Monday.

Introducing the Reuters Global Green Portfolio

April 28, 2009

As part of Reuters new Green Business section, we have chosen a diverse group of companies to serve as a proxy for the emerging green technology sector. Over the coming months we’ll be discussing each of them at length, and rebalancing our portfolio to reflect trends in the industry.

First Solar chief thinks solar backpacks are “cool”

April 3, 2008

Voltaic Systems Solar BackpackSolar power company First Solar may be worth $19.6 billion, but its CEO is still tickled by the latest “green” consumer products.