Playing the shale gas boom – Chart Industries
June 7 (Reuters) – What a difference a decade makes.
Ten years ago, Chart Industries Inc was on the
verge of bankruptcy after taking on too much debt during a spree
of acquisitions that included an equipment maker for storing
cryogenic liquids like liquefied natural gas.
Today, those products, as well as others that are used to
make, transport and store LNG, have made Chart a winner in the
U.S. shale gas boom and transformed the company into a darling
of those seeking to cash in on the push to use natural gas as a
fuel for transportation and industry.
Analysis: Buffett utility deal may signal big push to invest cash
(Reuters) – MidAmerican Energy Holdings Co, a core part of Warren Buffett’s sprawling business empire, is becoming a favorite way for the “Oracle of Omaha” to invest the billions of dollars of cash on Berkshire Hathaway Inc’s (BRKa.N: Quote, Profile, Research, Stock Buzz) balance sheet.
The unit’s $5.6 billion acquisition of Nevada’s NV Energy (NVE.N: Quote, Profile, Research, Stock Buzz), announced last week, vaulted MidAmerican to ninth place in terms of U.S. electric utility customers from fourteenth, according to data compiled by Reuters, and fits right into Buffett’s strategy of owning businesses with large, predictable cash flows.
Buffett utility deal may signal big push to invest cash
June 5 (Reuters) – MidAmerican Energy Holdings Co, a core
part of Warren Buffett’s sprawling business empire, is becoming
a favorite way for the “Oracle of Omaha” to invest the billions
of dollars of cash on Berkshire Hathaway Inc’s balance
sheet.
The unit’s $5.6 billion acquisition of Nevada’s NV Energy
, announced last week, vaulted MidAmerican to ninth place
in terms of U.S. electric utility customers from fourteenth,
according to data compiled by Reuters, and fits right into
Buffett’s strategy of owning businesses with large, predictable
cash flows.
Insight: The road to a greener America is littered with road-kill
LOS ANGELES (Reuters) – In October 2004, then California Governor Arnold Schwarzenegger rolled up to a pioneering fueling station at Los Angeles International Airport in a hydrogen-powered metallic blue Hummer loaned to him by General Motors Corp.
The “California Hydrogen Highway,” Schwarzenegger’s vision to ensure that every Californian would have access to a hydrogen fueling station by the end of 2010, called for the state to spend more than $50 million to help deploy up to 100 hydrogen fuel stations that would serve 2,000 fuel cell vehicles. “We got 200 stakeholders around a table, literally, and mapped out who could get stations where,” said Terry Tamminen, a top adviser to Schwarzenegger.
The road to a greener America is littered with road-kill
LOS ANGELES, May 20 (Reuters) – In October 2004, then
California Governor Arnold Schwarzenegger rolled up to a
pioneering fueling station at Los Angeles International Airport
in a hydrogen-powered metallic blue Hummer loaned to him by
General Motors Corp.
The “California Hydrogen Highway,” Schwarzenegger’s vision
to ensure that every Californian would have access to a hydrogen
fueling station by the end of 2010, called for the state to
spend more than $50 million to help deploy up to 100 hydrogen
fuel stations that would serve 2,000 fuel cell vehicles. “We got
200 stakeholders around a table, literally, and mapped out who
could get stations where,” said Terry Tamminen, a top adviser to
Schwarzenegger.
SunPower forecast tops most estimates, shares up 12 percent
(Reuters) – SunPower Corp (SPWR.O: Quote, Profile, Research, Stock Buzz), which makes solar panels and builds power plants with them, on Wednesday said revenue and profits for the rest of the year would be above most analysts’ estimates, sending its shares up 12 percent.
The news was the latest bright spot in the solar manufacturing industry, which has struggled mightily with a dramatic slide in prices over the last few years.
Electric car maker Coda files for bankruptcy
(Reuters) – Green car startup Coda Holdings Inc filed for Chapter 11 bankruptcy protection on Wednesday after selling just 100 of its all-electric sedans, another example of battery-powered vehicles’ failure to break into the mass market.
The filing with U.S. Bankruptcy Court in Delaware will allow the Los Angeles company to exit the auto sector and refocus on energy storage, a far less capital-intensive business. The company uses the same technology it used in cars to build systems for utilities and building operators to store power.
U.S. electric car maker Coda files for bankruptcy
May 1 (Reuters) – U.S. green car startup Coda Holdings Inc
filed for Chapter 11 bankruptcy protection on Wednesday after
selling just 100 of its all-electric sedans, another example of
battery-powered vehicles’ failure to break into the mass market.
The filing with U.S. Bankruptcy Court in Delaware will allow
the Los Angeles company to exit the auto sector and refocus on
energy storage, a far less capital-intensive business. The
company uses the same technology it used in cars to build
systems for utilities and building operators to store power.
After mega-rally, First Solar outlook meets skepticism
April 10 (Reuters) – First Solar Inc this week cast
itself as a formidable survivor of solar industry turmoil, but
some in the market expressed doubt that the company would be
able to meet aggressive goals for cost reductions, technology
advances and contract wins.
Investors drove the company’s stock down 7.7 percent on
Wednesday as many cashed in on a staggering 45 percent rally the
day before. During a lengthy meeting with analysts, First Solar
on Tuesday forecast profit and revenue far in excess of most
analysts’ expectations.
First Solar soars 46 percent on outlook, acquisition
LOS ANGELES (Reuters) – First Solar shares logged their biggest ever one-day jump on Tuesday after the company said revenue and earnings for the next three years would be well above most Wall Street estimates and announced that it would acquire a new solar technology.
Shares were up $12.51, or 46.2 percent, at $39.55 in afternoon trade on the New York Stock Exchange. They hit a high of $41 earlier in the session, a level unseen in more than a year.
