|
|
re: some alt energy stocks to consider
2 dec 2000
bill berggren wrote:
>...take vsh for example, earned 1.17 last quarter and has been growing
>5 percent sequentially. thus, the instantaneous p/e is 4 since it is
>priced at 20.
i gather that's vishay, precision resistor makers. kinda cool company.
as i recall, they had the philadelphia orchestra out to play for one of
their christmas parties.
plug power (plug) now seems underpriced to me, at $11 vs 150, altho it's
an newer and iffier company, founded by some mech tech employees in 1997,
with about 500 current employees, as i recall. after reading that lots of
people lost money on their stock, that they made $11 million and lost $33
million last year, that ge rejected their first batch of fuel cells, and
that they wouldn't be making the cogen (heat-producing) version any time
soon, i called their investor relations person steven_zenker@plugpower.com
at (518) 782-7700.
he said they had built 91 "ru-1" beta systems by the end of the 3rd quarter,
and exhibited one at a show, and accumulated a total of 101k test hours,
with 20 or 30 units at their "fuel cell farm" site, more being tested at
dte (detroit edison), and more running at employee homes and at viallant
(www.viallant.de), a german boiler company. steve said plug power would be
selling a commercial non-cogen product (with an inverter made by trace or
advanced energy inc.) by the first half of 2002, later than planned but
sooner than idatech, and viallant would be designing and selling the cogen
product, buying units from plug power and adding the heat recovery system.
nick
|
|
