Obama Inauguration to Highlight Dramatic 'Green Energy' Agenda
09 1월 2009 - 9:30PM
PR Newswire (US)
WASHINGTON, Jan. 9 /PRNewswire/ -- President-Elect Barack Obama
will take office January 20th with the strongest commitment to
renewable energy of any President in history. Obama's widely
anticipated inauguration speech is expected to highlight bold new
national policies to speed America's transition to a renewable
energy economy. -- Construction of a high-voltage "interstate
highway" system to bring more wind and solar energy to America's
major cities. -- A national policy mandating America's electric
utilities to buy a percentage of their electricity from renewable
sources like solar and wind - the most readily available, abundant
and affordable sources of green energy. -- Aggressive near-term
targets to reduce America's dependence upon imported oil to address
both global warming and national security. Wind and solar energy
companies, already coming off a year of record growth in 2008, are
expected to gain new momentum through the inauguration and first
100 days as the new Obama administration implements its green
agenda. Growth and investment in the solar industry is focused on
manufacturers of photovoltaic (PV) laminate - which convert
sunlight to renewable energy. Analysts at Lazard Capital Markets
confirmed buy ratings on leading PV suppliers Energy Conversion
Devices (NASDAQ:ENER) and First Solar (NASDAQ:FSLR). In the wind
power sector, electric utilities dominate. Barclays Capital has a
$60 price target and is overweight FPL Group (NYSE:FPL). FPL's
subsidiary NextEra Energy is the nation's largest owner of wind
farms. Analysts at Advisory Research have published a $3.07 price
target on NACEL Energy (OTC:NCEN) (BULLETIN BOARD: NCEN) , one of
the few small-cap wind farm companies. NACEL Energy closed at $0.85
yesterday, FPL Group closed at $51.10. A Before the Bell(TM)
renewable energy update. Before the Bell Publishing LLC
1-888-249-3011 DATASOURCE: Before the Bell CONTACT: Before the Bell
Publishing LLC, 1-888-249-3011
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