What Does the Future Hold for Solar Energy?
Posted by EnergyStockBull on 12/12/08 in Solar Stocks
On the Bright Side
Low stock values for solar companies may prove to be a good investment opportunity in the long run as renewable energy sources are likely to have an increased demand in the future.
The United States solar market is expected to have more government support under the Obama administration compared to the Bush administration. Mr. Obama has set a goal to generate 25% of the United States energy from renewable sources by 2025. This is a big goal considering that currently less than 10% is from renewable sources, including hydroelectric power. If this goal is realized, renewable energy sales will soar. To further boost the industry, the renewable energy tax credits that were set to expire at the end of this year were extended and in some cases expanded.
On the Downside
Solar development that depends on financing may see hurdles under the current credit crunch, temporarily slowing the rapid growth the industry has experienced. Because the price of certain fossil fuels such as oil and natural gas have recently declined, it is more difficult to obtain financing in the short-term. Hopefully, price drops won’t take attention off of the finite quantity of fossil fuels that is dwindling at this very moment.
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David Greene | Jun 10, 2009 | Reply
Solar Energy Distributors and Installers are growing rapidly. Electron Solar Energy looks to grow over 300% in revenue this year.
Electron Solar Energy Announces Over $10.5 Million in Outstanding Solar Energy Project Proposals
Record Pipeline of Solar Energy Contract Bids Evidence of Company’s Success in Marketing and Positive Client Referrals; Green Technology Distributor/Installer Sees Record Breaking Year
* On Wednesday June 10, 2009, 8:30 am EDT
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Buzz up!
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* Electron Solar Energy
MIAMI–(BUSINESS WIRE)–Electron Solar Energy (OTC:ESRG - News), an international green technology installer and distributor of alternative energy systems and energy efficiency solutions, announced today that the company currently has a pipeline of over $10.5 Million in solar energy installation contract proposals.
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Symbol Price Change
ESRG.PK 0.08 0.00
Chart for ELECTRON SOLAR ENERG
{”s” : “esrg.pk”,”k” : “c10,l10,p20,t10″,”o” : “”,”j” : “”}
Electron Solar Energy is attending another trade show in Miami this week; MiaGreen Expo and Conference (http://www.miagreen.com/) in pursuit of additional potential customers. The current list of proposals includes residences, manufacturing facilities, fuel stations, hotels and condominium developments.
President and CEO of Electron Solar Energy, Christopher Quinn, said “We are very excited and encouraged by our current level of bid activity for solar energy projects. We have worked hard to build a strong reputation through referrals from very satisfied clients, in addition to aggressively participating in a very active trade show schedule. Our trade show attendance has resulted in numerous qualified leads which have contributed to the bid pipeline we have today. Although we do not project a 100% close rate on our outstanding bids, even a modest close rate at this early juncture in the year will result in a record breaking year for Electron Solar Energy in both profitability and revenue.”
Quinn continued, “With our recent addition of wind turbines in our green technology portfolio of alternative energy systems, we look forward to developing ESRG into the energy efficiency experts domestically and internationally. We are in the process of adding another energy efficient solution to our diversified offering list of technologies and services in order to cement our reputation as the ‘go to’ company when it comes to adopting and implementing green technology solutions.”
To be included in the company’s e-mail database for company updates, press release and industry developments, investors and shareholders are invited to send their e-mails to investors@electronsolarenergy.com.
About Electron Solar Energy
Electron Solar Energy, based in Miami, Florida, is engaged in the international distribution and installation of alternative energy systems. The Company’s turnkey solutions provide solar and wind energy generation, as well as energy storage systems sold Business to Business (B2B) and Business to Consumer (B2C) worldwide. The Company also sells a proprietary line of sealed batteries, inverters, converters, Solar Panels and related components and gas and diesel fuel generators. For more information on the Company, visit http://www.electronsolarenergy.com.
Contact:
Electron Solar Energy, Miami
Christopher Quinn, President and CEO, 305-756-6789