Sunday, March 6, 2016
NOTES
Temp in N Hemisphere more than 2*C above normal last week for 1st time. (2*C temp gain scientists think is limit world climate can take.)
Arctic sea ice at record low for time of year.
February globally hottest ever month on record, beating January which beat December.
US electricity industry $370B/yr.
Estimate US to double solar installs in '16 from '15 to over 15Gw.
Total US solar installs now over 25Gw. 2Gw 5 yrs ago.
China to install near 20Gw solar in '16, 14.7% over '15. Beijing may raise '20 solar target to 150Gw from 100Gw.
India solar target 100Gw by '22. To install over 9Gw this year.
Sauds investing over $100B in solar. Target 40Gw by '32 - 20% of powergen.
Dubai wants solar on every roof by '30. 7% of powergen by '20, 25% by '30, 75% by '50.
Kuwait target 15% clean/renewable power by '30.
Global solar installs to reach over 64Gw this year.
And other notes:
Iraq said it will pay $2B owed oil comps by April - BP, Shell, Exxon, Eni, Lukoil biggest recipients. But Baghdad asking comps to trim drilling this year.
2B euro loan from China to Gazprom. Gazprom cutting capex to $17B/yr to '20. $47B in '11.
CNOOC made 1st deepwater natgas discovery in Nwest South China Sea.
Statoil started drilling new offshore Norway field. 3B bls oil equivalent.
Swiss, China partners construction start on 150Kb/d refinery in Iraq. Funds from China Development Bank, Ex-Im Bank of China.
EC OK'd natgas pipeline from Azerbaijan through Greece, Albania to Italy.
Saturday, March 5, 2016
FRIDAY CLOSE .... MARKET UP 62/9/6
WTI ~$36, Brent over $38. US natgas $1.67.
Punk with a country: N Korea's Un told military their nuke weapons must be ready to use.
Philippines stopped N Korea ship under UN sanctions.
(stock #s in %; new highs/lows over last 12 months):
AMLM up 58. MGLT up 50 with heavy volume. ABGB up 41 with news. MEEC up 19 with volume. SUNE up 17 with news. PSON up 16. EVSI up 15 with extremely heavy volume. GTATQ up 14. FCSMF up 13. GRPH up 12 with volume. ALTI up 10 with volume. NTCXF up 9 with heavy volume, news. CHGT up 9. GLBL up 6.
BBLU down 44, new low with extremely heavy volume. LSCG down 20. SENY down 17 with heavy volume. ACFN, ADES, ENZR down 10. ENPH down 8. LEDS down 6, new low with heavy volume.
Punk with a country: N Korea's Un told military their nuke weapons must be ready to use.
Philippines stopped N Korea ship under UN sanctions.
(stock #s in %; new highs/lows over last 12 months):
AMLM up 58. MGLT up 50 with heavy volume. ABGB up 41 with news. MEEC up 19 with volume. SUNE up 17 with news. PSON up 16. EVSI up 15 with extremely heavy volume. GTATQ up 14. FCSMF up 13. GRPH up 12 with volume. ALTI up 10 with volume. NTCXF up 9 with heavy volume, news. CHGT up 9. GLBL up 6.
BBLU down 44, new low with extremely heavy volume. LSCG down 20. SENY down 17 with heavy volume. ACFN, ADES, ENZR down 10. ENPH down 8. LEDS down 6, new low with heavy volume.
Friday, March 4, 2016
LEAD POISONING IN CLEVELAND EVEN WORSE THAN FLINT
Check it out.
US Supreme Court Chief Justice Roberts rejected bid by 20 states to block EPA limit on toxic emissions from power plants while EPA reviews costs.
US disaster response to Ethiopia drought.
Energy efficiency "2.0" OK'd for Missouri utilities.
Europe bioeconomy E2.1T/yr revs, 18.3M jobs: report. Bioecon = bioresources from land, sea for food, materials, energy.
Lawsuit v. Southern for "fleecing" customers for new nuke power plant costs.
Asia Development Bank $225M bond finance, $38M direct loan for 700Mw geothermal power plant refurbish in Philippines.
PA House bill to eliminate E10 mandate.
Brazil House bill to boost biodiesel blend to 10% in 3 yrs.
Deal to build $6B natgas pipe from Mozambique to S Africa.
Genel cut their reserves in half. (Yep, "I just want my life back" after BP Gulf spill CEO. Tony?). Kurd oil.
Anadarko cut 80% of onshore rigs, laying off 95% of contractors.
Sauds turning to capital markets for $10B loan.
Carbon tax necessary to break fossil fuels dependency: MIT.
Petrobras selling off Argentina assets.
Gamesa to build 70Mw wind power in Uruguay. 2Mw turbines. Online 2Q17.
Zambezi River 2.4Gw hydropower dam cost has doubled over 23 yrs to $4.5B between Zimbabwe, Zambia.
Duke Energy to build 6Mw more solar in N Carolina. Also wrapping up 141Mw solar in NC.
Comp investing $18.3M for 10.75 solar project in Chile.
$316B/yr global climate adaption market.
Prelim data Feb hottest ever globally.
Sun Edison (SUNE) settled LatAm dispute with $28.5M payout.
Sun Ed to sell stake in 500Mw India project.
Plug Power (PLUG) got $30M loan facility.
Israel 40Mw solar tender.
Indian Railways 150Mw solar tender.
SkyPower 200Mw solar PPA in India.
India plans to add 12Gw solar, 4.1Gw wind in '16-'17.
India up'd clean/renewable power budget to $2.1B. Doubled tax on coal again.
E.ON, Solarwatt partnering on modular energy storage systems.
Bird poop likely caused Indian Point nuke plant outage. (Yea, OK. So they say. Nuke is good clean power, birds. Ca caw.)
Medicaid expanded to cover lead-poisoned kids, moms.
US Supreme Court Chief Justice Roberts rejected bid by 20 states to block EPA limit on toxic emissions from power plants while EPA reviews costs.
US disaster response to Ethiopia drought.
Energy efficiency "2.0" OK'd for Missouri utilities.
Europe bioeconomy E2.1T/yr revs, 18.3M jobs: report. Bioecon = bioresources from land, sea for food, materials, energy.
Lawsuit v. Southern for "fleecing" customers for new nuke power plant costs.
Asia Development Bank $225M bond finance, $38M direct loan for 700Mw geothermal power plant refurbish in Philippines.
PA House bill to eliminate E10 mandate.
Brazil House bill to boost biodiesel blend to 10% in 3 yrs.
Deal to build $6B natgas pipe from Mozambique to S Africa.
Genel cut their reserves in half. (Yep, "I just want my life back" after BP Gulf spill CEO. Tony?). Kurd oil.
Anadarko cut 80% of onshore rigs, laying off 95% of contractors.
Sauds turning to capital markets for $10B loan.
Carbon tax necessary to break fossil fuels dependency: MIT.
Petrobras selling off Argentina assets.
Gamesa to build 70Mw wind power in Uruguay. 2Mw turbines. Online 2Q17.
Zambezi River 2.4Gw hydropower dam cost has doubled over 23 yrs to $4.5B between Zimbabwe, Zambia.
Duke Energy to build 6Mw more solar in N Carolina. Also wrapping up 141Mw solar in NC.
Comp investing $18.3M for 10.75 solar project in Chile.
$316B/yr global climate adaption market.
Prelim data Feb hottest ever globally.
Sun Edison (SUNE) settled LatAm dispute with $28.5M payout.
Sun Ed to sell stake in 500Mw India project.
Plug Power (PLUG) got $30M loan facility.
Israel 40Mw solar tender.
Indian Railways 150Mw solar tender.
SkyPower 200Mw solar PPA in India.
India plans to add 12Gw solar, 4.1Gw wind in '16-'17.
India up'd clean/renewable power budget to $2.1B. Doubled tax on coal again.
E.ON, Solarwatt partnering on modular energy storage systems.
Bird poop likely caused Indian Point nuke plant outage. (Yea, OK. So they say. Nuke is good clean power, birds. Ca caw.)
Medicaid expanded to cover lead-poisoned kids, moms.
FRIDAY OPEN .... MARKET FLAT/MIXED
WTI over $34, Brent over $37.
242K new US jobs in Feb, wages down.
US trade gap widened.
100% probability of US recession within a year: Jim Rogers.
Former Brazil president detained in police raid.
(stock #s in %; new highs/lows over last 12 months):
MGLT up 25 with volume. SUNE up 18 with volume, news. PEIX up 10, up 2x from 12-month bottom. AMTX up 9. TERP up 6 with news. VSLR, WATT up 5, both with volume.
BBLU down 47, new low with very heavy volume. ZAAP down 25 with heavy volume. CLNE down 12 with very heavy volume after reporting. LEXG, NFEC down 9. NTCXF down 7 with volume. LEDS down 6, new low with heavy volume.
242K new US jobs in Feb, wages down.
US trade gap widened.
100% probability of US recession within a year: Jim Rogers.
Former Brazil president detained in police raid.
(stock #s in %; new highs/lows over last 12 months):
MGLT up 25 with volume. SUNE up 18 with volume, news. PEIX up 10, up 2x from 12-month bottom. AMTX up 9. TERP up 6 with news. VSLR, WATT up 5, both with volume.
BBLU down 47, new low with very heavy volume. ZAAP down 25 with heavy volume. CLNE down 12 with very heavy volume after reporting. LEXG, NFEC down 9. NTCXF down 7 with volume. LEDS down 6, new low with heavy volume.
Thursday, March 3, 2016
THURSDAY CLOSE .... MARKET UP 44/4/7
WTI over $34, Brent ~$37. US natgas $1.64.
(stock #s in %; new highs/lows over last 12 months):
ADES up 35 with very heavy volume, up over 2x from recent 12-month bottom. ENPH up 27. CCGI up 20. RGSE up 19 with very heavy volume. GPHBF up 17. SCTY up 15 with heavy volume on buyout rumor. EVSI up 15 with very heavy volume. ENZR up 14, up 2x from 12-month bottom. PSPW up 14 with volume, up 8x from bottom. CLNE up 13 with heavy volume after reporting. WPRT up 12 with very heavy volume. MGPHF up 11. FSYS up 10. XSNX up 9 with very heavy volume. AETI, PEIX, LYSDY, SUNW up 8. FCEL up 7. TSLA up 4.
AMRC down 17 with heavy volume. AMRS down 15 with volume. SUNE down 15. FCSMF down 13 with heavy volume. AMTX down 13. LMRMF down 10. WNDW down 5. RVLT down 3 with extremely heavy volume.
(stock #s in %; new highs/lows over last 12 months):
ADES up 35 with very heavy volume, up over 2x from recent 12-month bottom. ENPH up 27. CCGI up 20. RGSE up 19 with very heavy volume. GPHBF up 17. SCTY up 15 with heavy volume on buyout rumor. EVSI up 15 with very heavy volume. ENZR up 14, up 2x from 12-month bottom. PSPW up 14 with volume, up 8x from bottom. CLNE up 13 with heavy volume after reporting. WPRT up 12 with very heavy volume. MGPHF up 11. FSYS up 10. XSNX up 9 with very heavy volume. AETI, PEIX, LYSDY, SUNW up 8. FCEL up 7. TSLA up 4.
AMRC down 17 with heavy volume. AMRS down 15 with volume. SUNE down 15. FCSMF down 13 with heavy volume. AMTX down 13. LMRMF down 10. WNDW down 5. RVLT down 3 with extremely heavy volume.
GLOBAL REVENUES FOR "ADVANCED" ENERGY MARKET HIT RECORD $1.4T IN '15: NAVIGANT
Advanced energy is energy efficiency, demand response, smart grid, EVs, biofuels, power from natgas, solar, wind, hydro, geothermal, nuke. US market was $200B in '15, up 1% v. '14. Global market was up 8% yoy. (I don't know why natgas power is included. But it is.)
US energy storage market up 243% in '15: GTM Research. 112Mw deployed in 4Q, 221Mw in full year. Est. 1.7Gw - $2.5B - annual market by '20.
Near 100M households globally may be powered by solar by '20: Bloomberg. Off-grid solar market now $700M/yr. Est. $3.1B market by '20.
Est. $27B spent in '15 globally on lighting by kerosene, candles, other crude methods.
Oregon lawmakers passed bill to boost clean/renewable power share to 50%. Exit from coal power. Also to accelerate electric transportation.
Brazil solar sector to create 60-90K jobs by '18: Absolar.
Ontario investing $100M in energy efficiency from Green Investment Fund to help cut GHG emissions 37% by '30.
Tensions mounting from Central Asia drought.
Water reservoir levels in Tasmania at 16.8% and falling from drought. Dams can't generate power. Undersea power cable out since December. Bringing in diesel generators.
Xinjiang Goldwind overtook Vestas in '15 as world's top wind turbine maker. 7.7Gw last year.
Arise to sell up to 100Mw "shovel ready" wind projects per year: CFO.
Trina Solar net profit up 29% in '15.
Geronimo sold 66Mw US community solar portfolio to BHE.
Panasonic beat Sunpower (SPWR) solar module efficiency record. 23.8% v. 22.8%.
GCL solar module production up 500% in '15 to ~2.6Gw. Net profit up 175%.
ISS finished development work on 265Mw of solar projects in US southeast. 10 projects. Rate of return 8.6-34%.
Countries producing 73% of world oil agreed to freeze production at January levels. Doesn't include countries with ability and/or intent to increase production - Iran, Iraq, Libya, US and probably Canada.
Wall Street has pumped $9.2B more into oil/gas comps so far this year.
US energy storage market up 243% in '15: GTM Research. 112Mw deployed in 4Q, 221Mw in full year. Est. 1.7Gw - $2.5B - annual market by '20.
Near 100M households globally may be powered by solar by '20: Bloomberg. Off-grid solar market now $700M/yr. Est. $3.1B market by '20.
Est. $27B spent in '15 globally on lighting by kerosene, candles, other crude methods.
Oregon lawmakers passed bill to boost clean/renewable power share to 50%. Exit from coal power. Also to accelerate electric transportation.
Brazil solar sector to create 60-90K jobs by '18: Absolar.
Ontario investing $100M in energy efficiency from Green Investment Fund to help cut GHG emissions 37% by '30.
Tensions mounting from Central Asia drought.
Water reservoir levels in Tasmania at 16.8% and falling from drought. Dams can't generate power. Undersea power cable out since December. Bringing in diesel generators.
Xinjiang Goldwind overtook Vestas in '15 as world's top wind turbine maker. 7.7Gw last year.
Arise to sell up to 100Mw "shovel ready" wind projects per year: CFO.
Trina Solar net profit up 29% in '15.
Geronimo sold 66Mw US community solar portfolio to BHE.
Panasonic beat Sunpower (SPWR) solar module efficiency record. 23.8% v. 22.8%.
GCL solar module production up 500% in '15 to ~2.6Gw. Net profit up 175%.
ISS finished development work on 265Mw of solar projects in US southeast. 10 projects. Rate of return 8.6-34%.
Countries producing 73% of world oil agreed to freeze production at January levels. Doesn't include countries with ability and/or intent to increase production - Iran, Iraq, Libya, US and probably Canada.
Wall Street has pumped $9.2B more into oil/gas comps so far this year.
THURSDAY OPEN .... MARKET DOWN 18/11/7
WTI under $35, Brent under $37.
US factory orders up 1.6%.
(stock #s in %; new highs/lows over last 12 months):
GRPH up 26 with very heavy volume. RGSE up 19 with heavy volume. ENZR, MGPHF up 14. LYSDY up 13. GTATQ up 11. ENPH, GPHBF up 10. AMSC up 7, up over 2x from 12-month bottom. BSRC up 7. CLNE up 5.
FCSMF down 13 with volume. PRHL down 13. SUNE down 10 with news, downgrades. SKYS down 9. WNDW down 5.
US factory orders up 1.6%.
(stock #s in %; new highs/lows over last 12 months):
GRPH up 26 with very heavy volume. RGSE up 19 with heavy volume. ENZR, MGPHF up 14. LYSDY up 13. GTATQ up 11. ENPH, GPHBF up 10. AMSC up 7, up over 2x from 12-month bottom. BSRC up 7. CLNE up 5.
FCSMF down 13 with volume. PRHL down 13. SUNE down 10 with news, downgrades. SKYS down 9. WNDW down 5.
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