Obama Inauguration to Highlight Dramatic ‘Green Energy’ Agenda

WASHINGTON, Jan. 9 /PRNewswire/ — President-Elect Barack Obama will take
office January 20th with the strongest commitment to renewable energy of any
President in history. Obama’s widely anticipated inauguration speech is
expected to highlight bold new national policies to speed America’s transition
to a renewable energy economy.

— Construction of a high-voltage “interstate highway” system to bring
more wind and solar energy to America’s major cities.

— A national policy mandating America’s electric utilities to buy a
percentage of their electricity from renewable sources like solar and
wind – the most readily available, abundant and affordable sources of green

— Aggressive near-term targets to reduce America’s dependence upon
imported oil to address both global warming and national security.

Wind and solar energy companies, already coming off a year of record
growth in 2008, are expected to gain new momentum through the inauguration and
first 100 days as the new Obama administration implements its green agenda.

Growth and investment in the solar industry is focused on manufacturers of
photovoltaic (PV) laminate – which convert sunlight to renewable energy.
Analysts at Lazard Capital Markets confirmed buy ratings on leading PV
suppliers Energy Conversion Devices (Nasdaq: ENER) and First Solar
(Nasdaq: FSLR).

In the wind power sector, electric utilities dominate. Barclays Capital
has a $60 price target and is overweight FPL Group (NYSE: FPL). FPL’s
subsidiary NextEra Energy is the nation’s largest owner of wind farms.
Analysts at Advisory Research have published a $3.07 price target on NACEL
Energy (OTC Bulletin Board: NCEN), one of the few small-cap wind farm
companies. NACEL Energy closed at $0.85 yesterday, FPL Group closed at $51.10.

    A Before the Bell(TM) renewable energy update.

    Before the Bell Publishing LLC

[Via http://www.prnewswire.com]

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