Earlier this week, Calpine emerged from bankruptcy protection after a prolonged struggle that saw multiple delays. The issue is now trading on the NYSE under symbol CPN-WI. The new issue will have 423 million shares outstanding meaning the market capitalization of the company at today’s values is nearly $7B. We’ve been a bit skeptical that […]
Three of the world’s leading financial institutions today announced the formation of The Carbon Principles, climate change guidelines for advisors and lenders to power companies in the United States. These Principles are the result of a nine-month intensive effort to create an approach to evaluating and addressing carbon risks in the financing of electric power […]
This morning it’s being reported widely that Microsoft has offered $44.6B to purchase Yahoo, a 62% premium over Yahoo’s closing price yesterday. Yahoo, a leading destination site for web surfers for over a decade has been struggling in recent years with the ascendancy of Google in particular. Yahoo maintains a strong brand and is the […]
As you can see from the chart above, since 2003 investment in Clean Technology has increased an order of magnitude since 2003. While the bloom seems to be off the biofuel flower, the rest of the segment continues to garner huge capital infusions from the private marketplace. When will the ride end? Your guess is […]
“What do you mean I’m out of money, I still have checks!” Here’s a hypothetical situation: You have a friend or family member with the following financial profile. The person earns $18,000 per year, this person spends $30,000 a year financing the $12,000 annual deficit with credit cards. Over time this has resulted in a […]