A picture is worth 1,000 words. In one day, Polaris Geothermal saw their market capitalization cut by more than 50%. Why? Because the government of Nicaragua is questioning the validity of their concession in the country. The company’s Nicaraguan subsidiary, PENSA, is already operating at 10MW facility in Jacinta and is actively pursuing plans to […]
Geothermal equipment maker and electricity producer Ormat (ORA) announced 4th quarter and 2006 full year results. Based on the run up of the stock in the early week, investors were expecting big things from this report. On Tuesday Ormat was trading at a near 52 week high of $44 per share sporting a market capitalization […]
In what can only be described as a mega-deal, investment firm Kohlberg, Kravis, Roberts, & Co. are paying a 15% premium over market close, $69.25 per share, to take TXU Corp private. The $31.8 billion dollar deal is the largest ever to take a company private. Why do we care? Simple, as a consequence of […]
CalPERS (the California Public Employee Retirement System) doubled down earlier this week adding $400M to the $200M already set aside for clean tech investments. This is encouraging news as it means a large investor seeking outsized returns is seeing something they like in the clean tech space as well as the simple fact that $400M […]
In an attempt to salvage what little network savvy Viacom has shown (see Viacom destroys a $1B business opportunity) they’ve done a deal with Joost. An interesting play to be sure, though Joost is far from a sure thing. I still maintain that Viacom would have been dollars and kilometers ahead simply doing a deal […]