NEW YORK, NY--(Marketwire - Nov 7, 2012) - The United States have been one of the largest supporters of renewable energy as it continues to look for ways to reduce dependence on foreign oil. According to the Energy Information Administration (EIA) in 2011 renewable energy accounted for 13 percent of total electricity generation in the U.S. Five Star Equities examines the outlook for companies in the Renewable Energy Industry and provides equity research on FuelCell Energy, Inc. (
According to the Clean Energy States Alliance there are currently clean energy funds now in over 20 states. The funds have supported a total of 32,734 projects in 2011, an increase of 18 percent when compared to 2010, and nearly twice the amount seen in 2009.
"Despite the economic climate, state clean energy funds have continued to demonstrate innovation, support emerging technologies, and advance clean energy markets," says Mark Sinclair, Executive Director of the Clean Energy States Alliance. "The better news is that, after 13 years of data collection, we feel confident that these industry trends are here to stay."
Five Star Equities releases regular market updates on the Renewable Energy Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.
With approximately 300 megawatts of power generation capacity installed or in backlog, FuelCell Energy is a global leader in the renewable energy industry. Shares of the company surged over 13 percent earlier this week after reporting it has received an order from its South Korean partner, POSCO Energy for 121.8 megawatts of fuel cell kits and services. The order is the largest received by the company.
Capstone Turbine recently reported that it has received approximately 7 megawatts in follow-on orders from a major oil and gas customer operating on shale gas. "North American shale gas producers are continuing to adopt Capstone microturbines because they want the high reliability and low emission benefits of our products," said Sam Henry, Horizon Power Systems President. The company is scheduled to release their fiscal second quarter results on November 8, 2012.
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