Nevada Geothermal Power Inc.
The broad stock market indices all had lacklustre weeks, apparently bothered by ongoing worries about the Greek economy and a meeting of Euro-zone finance ministers scheduled for Monday. Nevertheless, the broader markets managed to outperform the clean energy and energy efficiency indices this week, with the biggest exception being the EnergyBoom Biofuel Subindex (E•B Biofuel) which ended the week up 2.48%.
Shares of Aleo Solar AG (XETRA: AS1.DE) are up more than 23% since Tuesday when Robert Bosch GnbH announced it had increased its holding of Aleo from 70% to 82% and was offering to purchase the remainder of the company’s shares for 22 Euros ($30.25) each. Robert Bosch, based in Stuttgart, Germany, claims to be the world’s largest automotive supplier. Aleo, based in Oldenburg, Germany, produces solar modules and photovoltaic systems in plants in Germany, Spain and China.
If geothermal power achieves its potential to become a significant contributor to the economy’s transition from fossil fuels to cleaner power, the best performers among these pure-play publicly traded companies will make their shareholders a lot of money: Ormat Technologies, Inc. (NYSE:ORA), Ram Power Corp. (TSE: RPG), Magma Energy Corp. (CVE:MXY), Nevada Geothermal Power Inc. (OTC:NGLP), and U.S. Geothermal Inc. (AMEX: HTM).
Some special attention today for a handful of alternative energy companies that achieved share price increases yesterday in the face of the equity markets’ across-the-board decline: Biofuel Energy, Nevada Geothermal Power, Shear Wind, Lithium One, Fuel Systems Solutions, Oxford Catalysts Group PLC, Q-Cells SE, PV Crystalox Solar PLC, Aleo solar AG.