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• Business, Energy

  Polaris Reports: Inside the Numbers

  04.04.08 | Permalink | Comments Off on Polaris Reports: Inside the Numbers

  San Jacinto PlantPhoto Credit: Polaris Geothermal Polaris Geothermal recently reported full results for the year 2007. A detailed press release about the earnings is available here. The high points: The company got a full year of production from the Phase I of its plant in San Jacinto-Tizate, Nicaragua at around 7MWe of average output, the […]

• Business, Politics

  There Outta Be A Law

  03.31.08 | Permalink | 1 Comment

  I’m guessing a few of you may have heard that phrase before, usually uttered in disgust “There outta be a law!” Well friends, that’s pure horse hockey. In fact, we don’t enforce the laws we have on the books – what makes anyone think a new law is going to make a difference? Those of […]

• Business, Energy

  Ormat Revenue Up, Net Down

  03.27.08 | Permalink | Comments Off on Ormat Revenue Up, Net Down

  Geothermal and waste heat harvest equipment maker and electricity generator Ormat issued a short earnings preview this morning stating that revenue was up year over year from $72M to $73M. Net profit however dropped from $87M to $47M; however, the prior comparison period had a one-time capital gain of $47M reported. Excluding this gain, profit […]

• Business, Energy

  Polaris Raises $27M

  03.26.08 | Permalink | Comments Off on Polaris Raises $27M

  Polaris Geothermal, who recently announced a successful well test on their Nicaraguan concession, has recently announced a debt funding round of $27M in exchange for 27,000 units. A unit will consist of $1,000 in 9.5% senior debt, 667 warrants, and 75 penalty rights. The debt is due in 18 months time and will be paid […]

• Business, Energy

  Two views of Raser

  03.24.08 | Permalink | Comments Off on Two views of Raser

  Here’s the core question: Is Raser a legitimate geothermal developer or a company chasing the latest hot trend pumping out news to prop up valuation? There has been some spirited discussion inside our shop about which is the “real” Raser, and as a team, we’ve really taken a “wait and see” attitude. One side of […]

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