Archive for the ‘Energy Stocks’ Category

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Carbon Sciences, Inc. (CABN) – Micro-cap Buzz Stock of the Day

Tuesday, August 10th, 2010

We first featured Carbon Sciences, Inc. (OTCBB: CABN) in early June after the Company announced on that it filed the first of a series of patent applications for its clean-tech CO2 based Gas to Liquids (GTL) fuel technology for transforming a combination of natural gas and carbon dioxide (CO2) directly into gasoline. Shares were up nearly 70 percent that day.

Shares of Carbon Sciences were up again today — trading roughly 37 percent higher than Monday’s closing price, in morning trading on Tuesday.
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The company announced the successful synthesis of a proprietary raw catalyst, an essential step toward demonstrating commercial feasibility of Carbon Sciences’ GTL technology.

“A fully active and stable catalyst will be the key to our success,” said Dr. Naveed Aslam, inventor of the technology. “Synthesizing our proprietary raw catalyst is a vital step in a multi-stage catalyst synthesis and activation process,” he added.

GTL is a complimentary refinery processes that converts natural gas and other gaseous hydrocarbons into longer chain hydrocarbons such as gasoline. Carbon Sciences has estimated that they can produce 138 billion gallons of gasoline a year (the annual amount used in the U.S.) with 23 trillion cubic feet of natural gas and 586 million tons of CO2 without using crude oil or competing with current natural gas consumption.

“The production of this catalyst is the actual laboratory scale implementation of the catalyst formulation and its synthesis process disclosed in the patent,” said Byron Elton, CEO of Carbon Sciences, Inc. in a statement. “It is a major step forward for us.”

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American Oil and Gas, Inc. (AEZ) – Buzz Stock of the Day

Wednesday, July 28th, 2010

Shares of independent operator, American Oil and Gas, Inc. (NYSE-AMEX: AEZ) were up 9 percent from Tuesday’s closing price, in morning trading on Wednesday after it was announced that oil giant Hess Corp. would acquire the company in an all stock deal worth approximately $445 million. Hess primarily acquired American Oil and Gas, Inc. to expand its holdings in the Bakken oil play of North Dakota. American Oil and Gas, Inc. has properties that span about 68,500 acres in the area.

“This acquisition builds upon our strong land position in the Bakken, leverages our nearby infrastructure and offers operational synergies,” said Greg Hill, President of Worldwide Exploration and Production at Hess in a statement.
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Under the terms of the agreement, AOG shareholders will receive 0.1373 shares of Hess common stock for each share they own, placing the total value of the transaction at approximately $445 million. The deal would represent a 9.4 percent premium over American Oil & Gas shares closing price of $6.69 per share on Tuesday. Hess also said it would provide American Oil & Gas with a $30 million working capital credit facility to help the company finance exploration and production activities ahead of the completion of the deal. The deal is expected to close in the fourth quarter of 2010.

“We believe this transaction captures the value that we have been able to create since our initial entry in the North Dakota Bakken play four years ago,” said Pat O’Brien, CEO of American Oil & Gas in a statement. “We are excited about the leverage our stockholders will gain not only to Hess’ compelling Bakken position and developmental activities, but also to Hess’ large and diverse global project portfolio.”

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DayStar Technologies, Inc. (DSTI) – Buzz Stock of the Day

Thursday, July 22nd, 2010

Shares of photovoltaic solar products products maker, DayStar Technologies, Inc. (Nasdaq: DSTI) rallied more than 75 percent from Wednesday’s closing price in morning trading on Thursday after the company announced that it is pursuing a strategy for offshore manufacturing of its CIGS thin-film deposition technology solar modules.

DayStar Technologies has “begun discussions with several potential partners,” which if consummated “could include joint ventures, licensing agreements, contract manufacturing agreements,” or even a reverse merger with or an acquisition of DayStar, according to CEO Magnus Ryde. “We are confident in our core proprietary CIGS technology and believe that completing a transaction with a strategic partner and manufacturing our CIGS modules offshore would provide the best opportunity to bring our product to market and to manufacture the product in the most cost effective manner,” said Ryde in a statement.
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DayStar was notified by its landlord, BMR-Gateway Boulevard LLC that the Company’s lease for the premises located at 7333-7373 Gateway Boulevard in Newark, California has been terminated.

For the first quarter, DayStar reported a net loss of $6.1 million or $1.61 per share, compared with a net loss of $7.7 million or $2.06 per share in the first quarter of 2009. The average shares outstanding and loss per share for the quarter ended March 31, 2010 and 2009 reflect the 1-for-9 reverse stock split implemented by DayStar on May 11, 2010. DayStar’s common stock began trading on the NASDAQ Capital Market on a split adjusted basis on March 12, 2010.

Solar stocks continue to have some buzz around them with stocks like STR Holdings (Nasdaq: STRI), Solarfun (Nasdaq: SOLF), Trina Solar (NYSE: TSL), JA Solar (Nasdaq: JASO), Renesola (NYSE: SOL), and GT Solar (Nasdaq: SOLR) all showing strong relative strength to the overall market the past year. Simmons & Co analyst Burt Chao recently told Reuters that “if we haven’t passed the bottom, we’re very, very close to it.” A look at the Solar Stocks Index shows that there is certainly no shortage of domestic components. However, data from the Solar Energy Industries Association suggests that solar power accounts for less than 1% of U.S. energy usage.

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Verenium Corp. (VRNM) – Buzz Stock of the Day

Thursday, July 15th, 2010

Shares of biofuels developer Verenium Corp. (Nasdaq: VRNM) surged as much as 86 percent from Wednesday’s closing price, in morning trading on Thursday after the company announced that BP (NYSE: BP) will pay $98 million for technology and facilities developed by Verenium.

“This agreement should give both companies the flexibility to pursue the growth opportunities in the respective businesses and achieve goals in the near-term,” said Verenium’s president and CEO Carlos A. Riva. ” As a result of this transaction, Verenium will have the resources to grow our commercial enzyme business while maintaining strategic access to the emerging cellulosic ethanol market in a manner that better fits our resources.”
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Under the terms of the agreement, BP will acquire Verenium’s Jennings, Louisiana facilities, including a pilot plant and demonstration scale facility; Verenium’s research and development facilities in San Diego; cellulosic biofuels technology and related intellectual property; and Verenium’s cellulosic enzyme technology and related intellectual property. BP will also retain scientists and technology experts necessary to move the projects forward.

Verenium, which is based in Cambridge, Mass., will retain its core commercial enzyme business, the ability to access select biofuels products developed by BP using the technology BP acquired, the ability to transition out of its San Diego R&D facility over the next two years, $98.3 million in cash, and an additional $10.8 million in cash to be released upon assigning the lease of Verenium’s R&D facility to BP.

BP will become the sole investor in Vercipia Biofuels, a 50-50 joint venture formed by BP and Verenium in February 2009, and will independently manage all of Vercipia’s activities going forward. Similarly, Galaxy Biofuels, a 50-50 joint development company owned by BP and Verenium, will be owned 100% by BP.

The transaction is expected to close in the third quarter of 2010.

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Broadwind Energy, Inc. (BWEN) – Buzz Stock of the Day

Tuesday, July 6th, 2010

Shares of wind power equipment manufacturer, Broadwind Energy, Inc. were up about 37 percent from Friday’s close, in morning trading on Tuesday, after the company announced its subsidiary, Tower Tech, Inc., was selected by Gamesa Technology Corp., a wholly owned U.S. subsidiary of Gamesa Corporacion Tecnologica, to supply structural wind towers for wind sites in the U.S. The towers are expected to be installed in the fourth quarter. The value of the contract was not disclosed.

“Proven experience, flexibility and well-established competencies were key elements in our decision to select Broadwind’s Tower Tech subsidiary to construct our next-generation towers for these projects,” said Jim Buddelmeyer, vice president of purchasing at Gamesa.

The Gamesa deal doesn’t relate directly to sales of wind turbines by Broadwind Energy, Inc., but it was much-needed good news for the green energy stock, which has lost more than half of its value year-to-date.

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Last year was a record-breaking year for the wind power industry, with about 9.8 gigawatts installed. But the industry is in for a 40 to 60% drop this year, with analysts expecting anywhere from 6.3 GW to 7.1 GW to be installed. Key states including Texas, Minnesota and California have historically been wind hot spots. However, tepid utility demand, inexpensive natural gas and transmission congestion have led to a reduction in the number of power purchase agreements that have been signed. While the U.S. has expansive coastal wind resources, offshore is expected to account for only 5 percent of installations by 2025.

Although there have been unprecedented levels of federal support for wind energy, without a federal renewable portfolio standard [RPS] and streamlined transmission and siting processes, the time for projects to become operational will be greatly delayed. According to Bloomberg New Energy Finance: “To compete in the era of low-priced natural gas, the levelised cost of wind generation must drop substantially on a MWh basis. This means the industry cannot sit on its laurels but must re-dedicate itself to technological innovation.”

Trading in Broadwind shares remains volatile, however, trading well below the $8.12 share price at which Broadwind Energy was trading at the onset of 2010. Broadwind shares have traded at $4.00 or below since March.

Broadwind Energy, Inc. was first covered as Buzz Stock of the Day in June 2009, after the company announced a realignment of its management team to advance its business development, international and technology efforts.

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