Green Star Alternative Energy (Pink Sheets: GSAE) Trading at $0.58, Up 13%. Announced last week that it will be attending COP15 – United Nations Climate Change Conference where representatives from over 150 countries will meet in Copenhagen, Denmark to replace the now expiring ‘Kyoto Climate Treaty’. A consensus, backed by science, is emerging among the international community that by 2050 the world will need to reduce emissions of carbon dioxide, methane, and other greenhouse gases to approximately 80 percent lower than they were in 1990. It will mean wholesale reinvention of the global energy economy; anything less could result in catastrophic global temperature increases.
What They Do: Green Star Alternative Energy (GSAE) is an environmentally conscious, renewable energy company working to develop more than 300 MW (megawatts) of clean electricity through wind energy. The corporate revenue model is two-fold: the use of a renewable resource allows not only for the creation of environmentally friendly energy, but the granting of carbon (greenhouse gas) emission credits which may be traded and sold.
Green Star is pursuing a significant opportunity to provide clean energy to the growing Republic of Serbia and neighboring European countries. Through a joint venture with key wind farm and power trading company Notos, Green Star will become the nation’s first developer of wind power. GSAE is focused on green technology and sustainable energy programs like wind turbines, hydro electric power generation, and other renewable electricity models.
Echelon Corporation (Nasdaq: ELON) Trading at 11.68, Up 40%. Today announced that it has entered into a long-term agreement with Duke Energy (NYSE: DUK), the nation's third-largest electric utility, to supply Echelon's Networked Energy Services (NES) system as a key part of Duke Energy's smart grid program. Currently, Duke Energy provides electricity service to approximately 4 million customers in five states, North Carolina, South Carolina, Indiana, Ohio and Kentucky.
Hong Kong Highpower Technology (AMEX: HPJ) Tradign at $1.67, Up 21%. Today announced financial results for the second quarter ended June 30, 2009. Earned net income of $0.07 per diluted share for second quarter 2009, a 40% increase year-over-year, and 133% increase sequentially; -- Generated gross margin of 20% on net sales of $15.4 million for second quarter 2009; -- EBITDA increased 65% over year ago, and rose 97% sequentially, to $1.7 million; -- Significant improvement in debt-to-capital ratio resulting in stronger capital structure; -- Inventory reduced 61% from the year-ago quarter greatly decreasing inventory carry exposure.
What They Do: Hong Kong Highpower Technology develops, manufactures and markets rechargeable nickel metal hydride (Ni-MH) and lithium-ion (Li-ion) batteries and related products for use in a variety of electronic devices. The majority of Hong Kong Highpower Technology's products are distributed worldwide to markets in the United States, Europe, China, Hong Kong, Southeast Asia and Taiwan.
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