Welcome to the Green Chip Review Weekend Edition — our insights from the week in everything renewable energy and cleantech, as well as links to our most-read Green Chip Review and sister publication articles.
The week in Green Chip can be summed up with a single acronym: IPO.
Thursday of this week marked the initial public offering of A123 Systems, the MIT battery spin-off that now trades under the ticker AONE on the NASDAQ.
This was one of the most highly anticipated IPOs I can remember. Even those not remotely concerned with cleantech or sustainability were excited to see it begin trading.
And it showed in the price.
In its first day the stock gained about 50%, surging from its debut price of $13.50 up to $20.00.
It's been the talk of the Street all week. And it's further proof in the pudding of just how far the green movement has come in only a few short years.
3 Reasons This Wind Energy Stock Could
Deliver Gains In Excess Of 112% Within The Next 6 To 8 Months
We've gone from hearing things like "electric vehicles are glorified golf carts," to "let me get in on that $380.4 million IPO!"
In less sexy but still important news. . . the G20 agreed to phase out subsidies on oil and other fossil fuels, albeit with no specific time frames.
And the combined Departments of Treasury and Energy awarded $550 million renewable energy grants to help move specific projects forward. That makes over $1 billion from the stimulus allocated to cleantech so far from the two departments.
In case you missed our most-read articles from Green Chip and our sister publications, you can check them out below.
Call it like you see it,
Nick
Copenhagen Climate Conference: Corporate Leaders Group on Climate Change
Editor Sam Hopkins highlights major new developments in the UN emissions reduction talks and the trillions of dollars pushing for change. . .
The Economic Stimulus Package: $11.3 Billion for Renewable Energy
Energy & Capital Editor Nick Hodge relates the idea of a "profit bridge" to companies getting funding through the economic stimulus package. . .
Emerging Europe ETF: Poland Leads the Way to Emerging Europe Profits
Editor Sam Hopkins dissects a top emerging market ETF to come out with a much better play on leading emerging Europe market growth.
The Cleantech Industry: Why Even the Boys at Big Oil are Getting On Board
We explain just how enormous — and completely inevitable — the renewal energy boom really is. . . and why you need to be well-informed if you're interested in making money — and lots of it.
Chesapeake Energy Stock: Buy, Sell or Hold — Chesapeake Energy is on the Rise
Wealth Daily Editor Steve Christ takes a look at natural gas prices and makes the call on shares of Chesapeake Energy.
The Renewable Energy Challenge: Will the U.S. Choose the Path to Profit, or the Freeway to Failure?
Editor Chris Nelder separates the policies on climate and energy that work from the ones that don't, and sees the U.S. lagging far behind the rest of the world. . .
Offshore Wind Power: Cape Wind Ignites U.S. Offshore Market
Green Chip Guest Editor Kyle Haas discusses Cape Wind developments before turning to the broader offshore wind market.
Buffett Offshore Wind: Warren Buffett Bets Big On Offshore Wind
Green Chip's Jeff Siegel covers Warren Buffett and the news that he might pony up $1.6 billion to get a piece of the UK Offshore Wind market.
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