President Obama shook the energy industry up in his State of the Union address, Tuesday night. The President called for 80% of its energy to come from clean energy sources by 2035. He also stated that it was time to stop supporting energy of the past and invest in the energy of the future. Obama has called on Congress to remove subsides for fossil fuels and move the money into clean energy initiatives.
“Some folks want wind and solar. Others want nuclear, clean coal, and natural gas,” he said. “To meet this goal, we will need them all – and I urge Democrats and Republicans to work together to make it happen.”
One company that will receive the news well, is Here Enterprises (HRTE). The growing wind energy company has just started development at its Cycle Ranch site in Texas. The company already has a dual purpose strategy in place to ease entry into the market but extra subsidies will certainly help its cause along with other small start ups.
Mark Ryun, CEO of Here Enterprises, commented, “At Here Enterprises we believe wind will play a critical role in solving our energy challenges and we are committed to leveraging this advantageous green energy resource."
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Stocks to Watch:
Here Enterprises Inc. (Pink:HRTE), Federal National Mortgage Association (OTCBB:FNMA), Federal Home Loan Mortgage Corp (OTCBB:FMCC), American Power Corp. (OTCBB:AMPW), Diamant Art Corporation (PINK:DIAAF), Lpath Inc. (OTCBB:LPTN), Exelixis Inc. (NASDAQ:EXEL)
Featured Stock:
Here Enterprises Inc.
(Pink:HRTE)
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Other Stocks to Watch:
Federal National Mortgage Association (OTCBB:FNMA)
Federal National Mortgage Association (Fannie Mae) is a government-sponsored enterprise (GSE) chartered by the United States Congress to support liquidity and stability in the secondary mortgage market, where mortgage related assets are purchased and sold.
Federal Home Loan Mortgage Corp (OTCBB:FMCC)
Federal Home Loan Mortgage Corp, formerly Freddie Mac, is engaged in purchasing residential mortgages and mortgage-related securities in the secondary mortgage market and securitizing them into mortgage-related securities that can be sold to investors.
American Power Corp. (OTCBB:AMPW)
American Power Corp., formerly Teen Glow Makeup, Inc., is an energy company. The Company focuses on developing its coal resources to support electricity generation.
Diamant Art Corporation (PINK:DIAAF)
Diamant Art Corporation is engaged in the production, distribution and marketing of replications of original paintings that incorporated brushwork texture, including but not limited to oil, acrylic and other textured pigment-mediums Textured ART
Lpath Inc. (OTCBB:LPTN)
Lpath, Inc. is a biotechnology company focused on the discovery and development of lipidomic-based therapeutics, an emerging field of medical science whereby bioactive lipids are targeted to treat human diseases.
Exelixis Inc. (NASDAQ:EXEL)
Exelixis, Inc. (Exelixis) is focused on discovering, developing and commercializing therapies for the treatment of cancer and other serious diseases.
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