Renewable Energy Stocks Struggle in 2012 as Plummeting Natural Gas Prices Slow Growth
09 July 2012 - 10:20PM
Marketwired
Renewable energy stocks have struggled in 2012 as the result of
falling commodity prices. The recent glut of natural gas has caused
prices to plummet making it a more affordable option. Over the last
three months the PowerShares WilderHill Clean Energy ETF (PBW) has
seen nearly a 17 percent decrease. The Paragon Report examines
investing opportunities in the Renewable Energy Industry and
provides equity research on Broadwind Energy Inc. (NASDAQ: BWEN)
and SatCon Technology Corporation (NASDAQ: SATC).
Access to the full company reports can be found at:
www.ParagonReport.com/BWEN
www.ParagonReport.com/SATC
The current abundance of shale gas, which has become readily
available with the emergence of "fracking", has begun to stunt the
growth of renewable energy. The present glut of natural gas has
seen prices free fall from its high of $20 per million British
thermal units in 2003, to the current lows of under $3. The low
prices of natural gas will continue to pose a threat to the future
growth of wind and solar energy until at least 2030 according to
the International Renewable Energy Energy Agency, a United Nation's
agency.
"In the next two decades, I would say probably there will be
less of a gas-price increase than projected five years ago," says
Dolf Gielen, the director of Irena's Innovation and Technology
Centre. "And the net effect, of course, of less increase in gas
prices is less rapid growth of renewables."
Paragon Report releases regular market updates on the Renewable
Energy Industry so investors can stay ahead of the crowd and make
the best investment decisions to maximize their returns. Take a few
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Broadwind Energy applies decades of deep industrial expertise to
innovate integrated solutions for customers in the energy and
infrastructure markets. China's leading wind energy company,
Goldwind, has selected Broadwind Energy to supply 14 wind turbine
towers for its Musselshell project in Shawmut, Montana, set for
installation during the second half of 2012. Shares of the company
have fallen over 50 percent year-to-date.
Satcon Technology Corporation is the leading provider of
utility-scale power conversion solutions for the renewable energy
market, enabling the industry's most advanced reliable and proven
clean energy alternatives. The company last month reported that it
has been selected by Q-Cells North America to supply 30 megawatts
(MW) of its Equinox Prism Platform solutions for two sites fully
owned and operated by one of California's largest utilities.
The Paragon Report has not been compensated by any of the
above-mentioned publicly traded companies. Paragon Report is
compensated by other third party organizations for advertising
services. We act as an independent research portal and are aware
that all investment entails inherent risks. Please view the full
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