Renewable & Alternative Energy Sectors Continue to Make Tangible Progress as Wind & Solar Power Plant Expansion Increases Globally
CORAL SPRINGS, Florida, April 30, 2015 /PRNewswire/ --
Strong future forecast for renewable energy trends continue as new investments in the sector rose from $9 billion in the first quarter of 2004 to $50 billion for 2015's first quarter, according to Bloomberg New Energy Finance. Some analysts believe massive investments in capital from the utilities may now be going into solar and wind energy projects as well as other alternative energy solutions. Energy Companies in focus today are: Atlantic Wind & Solar, Inc. (OTC: AWSL), Clean Energy Fuels Corp. (NASDAQ: CLNE), Canadian Solar Inc. (NASDAQ: CSIQ), SandRidge Energy, Inc. (NYSE: SD) and Regency Energy Partners LP (NYSE: RGP)
Atlantic Wind & Solar, Inc. (OTC: AWSL) is pleased to announce it has completed construction on three projects totaling 250 KW of Utility Scale solar in Mississauga, ON, Canada. The $1.57 million commercial rooftop installation, spanning three buildings, is expected to produce 6,000 megawatt hours of power over the next 20 years supplying Ontario with clean reliable energy. The power will be sold under the provinces Feed-In-Tariff program. Atlantic has received Commercial Operation Notice from the Ontario Power Authority.
Read the full AWSL press release at: http://www.financialnewsmedia.com/profiles/awsl.html
Just recently, Atlantic Wind & Solar announced its results on financial operation for fiscal year ending Dec 31, 2014. Sales growth continued with sales up 38 % to $5,409,135.00 and profitability up substantially to $2,410,768.00 representing a 1,138% improvement for the same period. Operating expenses dropped for the 6th straight year to $542,355.00 down 46.6% from the previous year. The balance sheet was improved significantly with accounts payable and accounts receivable reductions of 45.4% and 53.7% respectively. Total liabilities were reduced to $2,267,031 down 53% against total assets of $4,407,107.
Energy Sector Performers - News & Happenings this week: Clean Energy Fuels Corp. (NASDAQ: CLNE) is the leading provider of natural gas fuel for transportation in North America. CLNE builds and operates compressed natural gas (CNG) and liquefied natural gas (LNG) fueling stations; manufacture CNG and LNG equipment and technologies for ourselves and other companies; develop renewable natural gas (RNG) production facilities; and deliver more CNG, LNG and Redeem RNG fuel than any other company in the U.S. CLNE closed up at $8.98 on Wednesday on heavy volume of 6.9Million shares traded by the market close.
Canadian Solar Inc. (NASDAQ: CSIQ), one of the world's largest solar power companies, announced that it will hold a conference call onThursday, May 7, 2015 at 8:00 a.m. U.S. Eastern Daylight Time (8:00 p.m., May 7, 2015 in Hong Kong) to discuss the Company's first quarter 2015 results and business outlook. The dial-in phone number for the live audio call is +1-866-318-8615 or +1-617-399-5134, with passcode 15815539. A live webcast of the conference call will also be available on Canadian Solar's website at http://www.canadiansolar.com. CSIQ closed down slightly on Wednesday at $37.12 on 2.1Million shares traded by the market close.
SandRidge Energy, Inc. (NYSE: SD) is an oil and natural gas exploration and production company headquartered in Oklahoma City, Oklahoma with its principal focus on developing high-return, growth-oriented projects in the Mid-Continent region of the United States. The Company owns and operates the nation's largest saltwater gathering and disposal system. SD closed up over 11% at $1.91 on heavy volume over 29Million shares traded by the market close on Wednesday.
Energy Transfer Partners, L.P. (NYSE: ETP) ("ETP") and Regency Energy Partners LP (NYSE: RGP) ("Regency") announced this week that at a special meeting of Regency unit holders, the unitholders voted to adopt the Agreement and Plan of Merger dated as of January 25, 2015, as amended (the "Merger Agreement"), by and among Regency, ETP, their respective general partners, certain wholly owned subsidiaries of ETP, ETE GP Acquirer LLC and, solely for certain provisions therein, Energy Transfer Equity, L.P. (ETE) ("ETE"), pursuant to which Regency will become a wholly owned subsidiary of ETP. RGP closed up at $23.47 on over 37Million shares traded by the market close on Wednesday and ETP closed up on heavy trading volume of over 13Million shares at $55.30.
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