E•BOOM CAPITAL: Q1 2011 EnergyBoom Clean 100 Index TOP 20
Here are the TOP 20 performing companies on the EnergyBoom Clean 100 Index during Q1 2011 (January 3 through March 31). (*Company share price performances that were most impacted by the March 11 Japanese earthquake and tsunami and the resulting nuclear emergency are noted in parentheses.)
1. Plug Power Inc. (NASDAQ: PLUG) +105%
Plug Power, based in Latham, New York, led the E•B Clean 100 based on a series of sales announcements in January for its fuel cell power systems used in forklifts and stationary power markets.
However, the company announced its yearend 2010 results after the market close Thursday -- and was given an April’s Fool’s jolt by investors in early trading Friday. Although the results included strong revenue growth and a reduction in its net loss compared with 2009 results, they fell short of investor expectations -- and Plug Power’s shares fell 11% in early trading Friday, then recovered completely by the end of the day.
2. Capstone Turbine Corporation (NASDAQ: CPST) +89%
Capstone, based in Chatsworth, California, develops, manufactures, and markets microturbines for use in stationary distributed power generation applications, including cogeneration (combined heat and power), resource recovery and secure power. The company’s Q1 share performance was based on strong financial results in its fiscal Q3 ended December 31, 2010 and an optimistic outlook for Q4 2011 ended March 31, 2011.
3. Universal Display Corporation (NASDAQ: PANL) +80%, (+29% through March 10)
Universal Display, based in Ewing, New Jersey, develops and commercializes organic light emitting diode (OLED) technologies for use in flat panel display, solid-state lighting and other applications. (*The company’s shares were up 29% for the quarter when the quake and tsunami hit Japan March 11, then increased to finish the quarter up 80%.)
The remainder of the Q1 2011 TOP 20:
- Eaga plc (LSE: EAGA.L) +68%. Eaga, a provider of energy efficiency products and services based in Newscastle, UK, announced February 11 it had agreed to be purchased by British builder Carillion plc (London: CLLN.L) for 306.5 million pounds ($494 million) in cash. Approvals and closing are expected this month.
- LSB Industries, Inc. (NYSE: LXU) +63%. LSB is a diversified company, based in Oklahoma City, Oklahoma, whose subsidiaries include ThermaClime, Inc. a provider of heating, ventilation and air conditioning products, as well as geothermal heat pumps.
- Vancouver, British Columbia-based fuel cell products and technology company Ballard Power Systems Inc. (NASDAQ: BLDP) +55%. The strong showing was based on strong 2010 financial results and an upbeat outlook for 2011.
- German solar power company SolarWorld AG (XETRA: SWV.DE) +54% (*+2% through March 10)
- German solar power company aleo solar AG (XETRA: AS1.DE) +49% (*+37% through March 10)
- Provider of microporous membrances used in lithium and lead-acid batteries Polypore International, Inc. (NYSE: PPO) +41%
- Maker of efficient thermoelectric devices Amerigon Incorporated (NASDAQ: ARGN) +40%
- German wind turbine manufacturer Nordex AG (XETRA: NDX1.DE) +40% (*+5.6% through March 10)
- Danish wind turbine manufacturer Vestas Wind Systems (OTC: VWDRY.PK) +39% (*+6% through March 10)
- Spanish wind turbine manufacturer Gamesa Corporacion Technologica SA (OTC: GCTAF.PK) +39% (*+23% through March 10)
- San Jose, California-based solar products company SunPower Corporation (NASDAQ: SPWRA) +34%, (*+11% through March 10)
- Chinese JinkoSolar Holding Co., Ltd. (NYSE: JKS) Q+34% (*+12% through March 10)
- Saint Laurent, Quebec-based pure metals provider 5N Plus Inc. (TSE: VNP.TO) Q+32%
- Franklin Park, Illinois-based provider of crystaline products for light-emitting diodes (LEDs) and other lighting technologies Rubicon Technology, Inc. (NASDAQ: RBCN) +31%
- Frederick, Colorado-based maker of electric motor and electronic controllers UQM Technologies, Inc. (AMEX: UQM) +30%
- Chinese solar products manufacturer Trina Solar Limited (ADR) (NYSE: TSL) +29% (*+3.5% through March 10)
- Chinese solar photovoltaic products manufacturer Yingli Green Energy Holding Company Ltd. (ADR) (NYSE: YGE) +29% (*+6% through March 10).
Yesterday: Disaster in Japan Transforms Q1 Equity Markets
Photo credit: SolarWorld AG
DISCLOSURE: The writer has no positions in, or professional connections with, these companies.
The economy’s transition to cleaner and more secure sources of energy is inevitable, but its speed will depend on technology, policy and capital. EBOOM CAPITAL focuses on companies whose practical and commercial alteratives to fossil fuels and energy waste are generating - or have good prospects to generate - revenues and profits.
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