NEW YORK, NY--(Marketwire -07/09/12)- Renewable energy stocks have struggled in 2012 as the result of falling commodity prices. The recent glut of natural gas has caused prices to plummet making it a more affordable option. Over the last three months the PowerShares WilderHill Clean Energy ETF (PBW) has seen nearly a 17 percent decrease. The Paragon Report examines investing opportunities in the Renewable Energy Industry and provides equity research on Capstone Turbine Corp. (CPST) and American Superconductor Corp. (AMSC).
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The current abundance of shale gas, which has become readily available with the emergence of "fracking," has begun to stunt the growth of renewable energy. The present glut of natural gas has seen prices free fall from its high of $20 per million British thermal units in 2003, to the current lows of under $3. The low prices of natural gas will continue to pose a threat to the future growth of wind and solar energy until at least 2030 according to the International Renewable Energy Energy Agency, a United Nation's agency.
"In the next two decades, I would say probably there will be less of a gas-price increase than projected five years ago," says Dolf Gielen, the director of Irena's Innovation and Technology Centre. "And the net effect, of course, of less increase in gas prices is less rapid growth of renewables."
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Capstone Turbine is the world's leading producer of low-emission micro turbine systems, and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped over 6,500 Capstone micro turbine systems to customers worldwide. The company recently reported that it has sold two C1000 power packages to its Southern California distributor Regatta Energy Solutions.
American Superconductor last month announced the sale of its 100th static synchronous compensator (STATCOM) solution. AMSC's D-VAR STATCOM systems provide a powerful and cost effective source of reactive power for a wide range of operational needs. The company's 100th STATCOM sale was recently made to Iberdrola Renewables a company that is involved with more than 50 renewable energy projects in the United States.
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