Seia Embraces Efforts To Double Renewables Worldwide By 2030

Vivint Solar (VSLR) Falls 20% on Dismal Earnings – Stocks in the News –

Thats remarkable growth and puts us on a path to help meet APECs goal. We appreciate the leadership that President Obama and the rest of these world leaders are showing on the critical task of rapidly scaling up low-carbon energy sources, said Tom Kiernan, CEO of the American Wind Energy Association. Here in America, according to the U.S. Department of Energys Wind Vision for the growth of our industry, we can quadruple wind power by 2030 and save consumers money doing it, if policymakers keep supporting state renewable standards and federal tax incentives to attract the necessary private investment. Hydropower is poised for growth and ready to meet Americas renewable energy goals, said Linda Church Ciocci, Executive Director, National Hydropower Association. From powering the 97 percent of the nations dams that remain unpowered to upgrading our existing facilities, opportunities exist to double hydropowers contribution to the electricity grid, while strengthening our economy and providing more Americans access to clean, low-cost electricity. GEA applauds the APEC goal of doubling renewable power, said Karl Gawell, Executive Director, Geothermal Energy Association. New geothermal power development underway in the US and nearly all of the APEC countries will provide more than electricity, building thousands of megawatts of new geothermal power will spur economic growth, create new jobs and ensure environmental health for future generations. “The American biomass industry has experienced tremendous growth over the past couple of years and, with supportive policies, there is potential for much more,” said Bob Cleaves, President of the Biomass Power Association. “The 2014 National Climate Assessment indicated that biomass sources could offset up to 30 percent of U.S.
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is not as prominent as other countries such as China where it would not be surprising in rural parts to have over half of residents use solar powered energy. VIvint should be looking at how to create a more standard platform for incentives of users and how utilizing their solar powered energy will benefit them in the short and long run. Bottom Line We currently rank the solar energy company as a Zacks Rank #3(hold) due to a lack of historic numbers, and no real earnings estimate revision activity. Consensus estimates for the current quarter until next year earnings are projected to be from $-.47 to $-2.53 per share. Investors should be watching political factors that could impact alternative energy stocks such as eco-friendly mandates, alternative energy agendas and other factors from politicians to see if potential benefits will spill over to a company such as Vivint Solar. Investors should be on the lookout for the coming quarters to see if the Zacks Rank changes, or if more pain is ahead for this solar company. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >> Want the latest recommendations from Zacks Investment Research?
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