Camino Energy

The biofuel index has been updated to reflect the delisting of Aventine (AVR).   Great Plains Renewable Holdings (GPRE)  has been included in the index which still contains nine companies.   Additional updates may be necessary if other index constituents decline futher in market cap or file for Chapter 11 (or its equivalent).

April 12th, 2009 | Tags: GPRE | Category: Indices |  Print This Post |  Email This Post | Leave a comment

A once growing group of public companies continues to shrink.  We have discontinued coverage on Aventine Renewable Enery Holdings (AVR) due to its April 8, 2009 Chapter 11 filing.  It joins Panda Ethanol which was delisted after its Hereford subsidiary filed Chapter 11 on January 23, 2009.  

After these filing there only remain five (5) publicly traded, pure-play corn ethanol companies with market cap greater than USD 10 million.  Only Great Plains Renewable (GPRE) has a market cap greater than USD 50 million.

April 12th, 2009 | Tags: GPRE | Category: Market commentary |  Print This Post |  Email This Post | Leave a comment

Camino’s Solar index has been updated effective January 30, 2009.  Two companies, aleao solar (AS1.DE) and Solar-Fabrik (SFX.F) were removed due to their market cap declining below USD 100 million.  Two companies, SMA Solar (S92.DE) and GT Solar (SOLR),  passed all of Camino’s screens and were added to the index.   The number of companies in the index remains at 31.

January 30th, 2009 | Tags: AS1.DE, S92.DE, SFX.F, SOLR | Category: Indices |  Print This Post |  Email This Post | Leave a comment

While 2008 reduced the number of renewable electricity companies passing Camino’s PurePlay screens, there are still sufficient companies to permit construction of a modified market cap weighted index.   Effective January 30, Plutonic Power (PCC.TO) and Novera Energy (NVE.L) were removed from the index due to their market cap falling below USD 100 million.   Two companies, Terna Energy (44T.SG) and Fersa Energia (FRS.MC) were added.   The index continues to have 20 names with a combined market cap of USD 53 billion.

January 30th, 2009 | Tags: 44T.SG, FRS.MC, NVE.L, PCC.TO | Category: Indices |  Print This Post |  Email This Post | Leave a comment

Whether you think Cap and Trade or a Carbon Tax is the way to manage this greenhouse gas, you can invest in allowances via two vehicles.    It took forever to come to market but the AirShares ETF is now trading under the symbol ASO.   The older alternative, the iPath ETN (GRN) has been on the market since last July.   Of course, when you invest in an ETN you are buying an unsecured note of the issuer….so given recent events this might be a consideration.

In our company research section we track the four major “emission credit” companies.  We have also just added the the return computations for ASO and GRN to our comparables page.

January 21st, 2009 | Tags: ASO, GRN | Category: Analysis |  Print This Post |  Email This Post | Leave a comment

Each update seems to highlight more OTC companies that are deliquent or have moved to the Pink Sheets.  This time Americans Wind Energy Corp. (AWNEE.OB) and XSUNX, Inc. (XSNXE.OB) are delinquent and Electro Energy, Inc. (EEEI.PK) has moved to the Pink Sheets.

January 7th, 2009 | Category: News |  Print This Post |  Email This Post | Leave a comment

I recently wrote that I was seeing a fair amount of deliquencies in OTB BB companies.  

Four of the companies we track have now been moved to the Pink Sheets due to deliquencies in filings before the SEC.  Pacific Fuel Cell (PFCE.PK) went to the Pink Sheets on 12/19, Intrepid Technology (ITRP.PK) a biogas company, Earth Biofuels (EBOF.PK) a biodiesel company, and Essential Innovations (ESIV.PK) a geothermal heating company all were moved to the Pink Sheets on 12/24/08.

Companies moving from the OTC BB (we now track 39) to the Pink Sheets (we now track 27) are generally exhibiting declining value.   Our average OTC BB company has a market cap of USD 24 million where the average Pink Sheet company has a market cap of USD 4 million.   Buyer beware.

December 24th, 2008 | Tags: EBOF.PK, ESIV.PK, ITRP.PK, PFCE.PK | Category: Market commentary |  Print This Post |  Email This Post | Leave a comment

I’m seeing more activity then usual in delinquent OTC Bulletin Board companies.  In Camino’s last round of updates we found that Pacific Fuel Cell (PFCEE.OB),  Interpid Technology (ITRPE.OB), and Earth Biofuels (EBOFE.OB) have all been deemed delinquent in filings by FINRA.   While these companies can become current, investors in all three companies are in danger of losing all their investment. 

For those following our FCELL and BIOFUEL indices, it’s no surprise that investors in these two sectors face huge risks.  OTC companies face even steeper hurdles in a falling energy market.

December 3rd, 2008 | Tags: EBOFE.OB, ITRPE.OB, PFCEE.OB | Category: Market commentary, News |  Print This Post |  Email This Post | Leave a comment

The Camino solar index has fallen 5.8 % since last Friday continuing its adjustment driven by concerns about slowing market demand.   In addition to plunging 76% YTD, SOLAR is also the most volatile of the sustainable energy sectors we track and approximately twice as volatile as the S&P500: 

Examining similar data shows that Renewable Generation, Fuel Cells, and LED & Lighting may have passed their peak volatility.    Biofuels, like Solar, may not have started to decline.  

A daily volatility tool has been added to the site for subscribers to access at PurePlay Indices>Daily volatility.  Up-to-date plots can be created for the Camino Indices, broad market comparables, and selected sustainable mutual funds and ETFs.

November 18th, 2008 | Tags: SOLAR | Category: Analysis, Indices |  Print This Post |  Email This Post | Leave a comment