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Maxwell Media Marketing: Alt-EnergyStocks.com Power Plays for
Wednesday, July 23, 2008 VLNC, QTWW, PLUG, EXC, RZ, AMAT
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:23072008
Maxwell Media Marketing: Alt-EnergyStocks.com's Power Plays for today
and tomorrow include: Valence Technology, Inc. (NASDAQ: VLNC), Quantum
Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW), Plug Power
(Nasdqa: PLUG), Exelon Corporation (NYSE: EXC), Raser Technologies
(NYSE/Arca: RZ), Applied Materials, Inc (Nasdaq: AMAT).
TODAY'S POWER PLAYS
VALENCE TECHNOLOGY INC - announces earning call
Valence Technology, Inc. (NASDAQ: VLNC), an international developer of
safe lithium phosphate energy storage solutions, is trading flat
following the Company's July 23, 2008 announcement that it will conduct
a conference call to discuss its first quarter fiscal 2009 financial
results on August 7, 2008, at 3:30 p.m. CDT (4:30 p.m. EDT). To read
the entire story, click here:
http://biz.yahoo.com/bw/080723/20080723005357.html?.v=1
QUANTUM FUEL SYSTEMS TECHNOLOGIES WORLDWIDE - Ships hydrogen storage
units to Suzuki Motor Corp.
Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) is
trading up slightly following the Company's July 23, 2008 announcement
that it has designed, developed and shipped a new generation of ultra
light weight advanced composite hydrogen storage units for Suzuki Motor
Corporation's Fuel Cell Vehicle Program. These unique systems for
Suzuki were developed, analyzed, and tested to meet the Japanese
The higher fuel density capability of Quantum's hydrogen tank systems
allows efficient on-board packaging without intrusion into passenger
and cargo areas, while providing uncompromising range. Quantum's new
generation of Type IV (polymer lined, all composite) ultra-light weight
tank has been successfully tested and validated to operating conditions
beyond current industry and government standards. High capacity of the
Quantum systems allow extended driving range. These systems exhibit
exceptional fast-fill performance and low permeation levels. Quantum
was also able to achieve further reductions in material cost and
improvements in both material utilization and manufacturing efficiency
compared with previous generation tanks. To read the entire story,
click here: http://biz.yahoo.com/prnews/080723/law033.html?.v=101
PLUG POWER - Discloses Directors departure, one lands CEO job, the
other cites personal reasons.
Plug Power (Nasdqa: PLUG) is trading off 2% following the Company's
disclosure in a Form 8K filing with the SEC on July 21, 2008 that two
of it's directors, Sergey Batekhin and Lisa Rosenblum have resigned
from their positions with the company. It further disclosed that Mr.
Batekhin has accepted the position of Chief Executive Officer of
Norilsk Nickel, the world's leading producer of nickel and palladium, a
job that would require his full attention. To read the entire story,
click here:
http://www.sec.gov/Archives/edgar/data/1093691/000109369108000016/form8k
071508.htm
EXCELON CORPORATION - Nuke profits help Excelon's Second Quarter Results
Exelon Corporation (NYSE: EXC) shares are trading down 3.79% despite
positive second quarter results released July 23, 2008. The Company's
second quarter 2008 consolidated earnings prepared in accordance with
GAAP were $748 million, or $1.13 per diluted share, compared with
earnings of $702 million, or $1.03 per share, in the second quarter of
2007.
Exelon's adjusted (non-GAAP) operating earnings for the second quarter
of 2008 were $746 million, or $1.13 per diluted share, compared with
$700 million, or $1.03 per diluted share, for the same period in 2007.
"Our strong second quarter results primarily reflected higher margins
at Generation largely due to our first-rate operating performance. We
also continue to realize the benefits of a large fleet of extremely
well-run nuclear plants amid rising environmental pressures," said John
W. Rowe, Exelon's chairman, president and CEO. "We recognize, however,
that protecting these benefits requires that we actively meet our
customers' needs for affordable energy in a climate constrained
environment. As a result, last week we announced a comprehensive
strategy to reduce, offset or displace more than 15 million metric tons
of greenhouse gas emissions by 2020 with both efficiency and new
sources of supply." To read the entire article, click here:
http://biz.yahoo.com/bw/080723/20080723005303.html?.v=1
RASER TECHNOLOGIES - Short list announcement offset by new Piper
Jaffray "sell" rating
Raser Technologies (NYSE/Arca: RZ) is trading off 5.47% despite
announcing on July 23, 2008 that it has been short-listed on its bid to
sell geothermal power to a major California utility. The California
utility has accepted Raser's offer to sell baseload geothermal
renewable energy at a price in excess of $100 per megawatt hour with a
1% annual increase over a 20 year term. Raser will complete
negotiations and finalize the terms of the power purchase agreement
over the next several months.
At the same time Piper Jaffray was initiating coverage on Raser with a
"Sell" rating and a target price of $7 commenting, "Although state
Renewable Portfolio Standards (RPS) in the Western U.S. create solid
business opportunities for Raser, we believe the risk associated with
their new plant technology and with geothermal resource exploration are
not fully reflected in the current share price." To read the entire
story, click here: http://finance.yahoo.com/p?k=pf_5
APPLIED MATERIALS - Breaks ground on new plant to build Thin Film Solar
manufacturing equipment
Applied Materials, Inc. (Nasdaq:AMAT ) is trading up 1.41% following
the Comany's July 22, 2008 announcement regarding the groundbreaking
for an expansion project of its Tainan Manufacturing Center. This
expansion, with a total investment estimated at around US$17 million,
will increase the company's ability to meet the demand for both its AKT
flat panel display equipment and SunFabTM Thin Film Solar manufacturing
equipment. The new facility is expected to be completed by the middle
of next year. To read the entire story, click here:
http://biz.yahoo.com/bw/080722/20080722006493.html?.v=1 .
Visit http://www.Alt-EnergyStocks.com, the internet's premier source
for alternative energy stocks. While there, don't forget to visit our
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http://alt-energystocks.com/blog/category/power-plays/ . Additionally,
you can read and subscribe to our daily market wrap-ups at
http://alt-energystocks.com/blog/category/market-updates/
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