SOURCE: Paragon Financial Limited
NEW YORK, NY--(Marketwire - Oct 11, 2012) - Recent data from Bloomberg New Energy Finance (BNEF) has showed that investment in clean energy projects may fall for the first time in eight years as the industry continues to struggle with excess capacity. The PowerShares Wilderhill Clean Energy Portfolio (PBW) -- which is designed to deliver capital appreciation through the selection of companies that focus on greener and generally renewable sources of energy and technologies that facilitate cleaner energy -- has fallen over 20 percent year-to-date. The Paragon Report examines investing opportunities in the Renewable Energy Industry and provides equity research on American Superconductor Corporation (NASDAQ: AMSC) and Power One Inc. (NASDAQ: PWER).
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According to BNEF investment in renewable energy during the third quarter fell by 20 percent, when compared to a year ago, led by a decline in wind farm financing. Investment by the U.S. in the third quarter totaled $7.3 billion, a 28 percent sequential decline, and a 62 percent decline year-over-year.
"The location of some of the biggest projects financed in quarter three this year highlight the geographical shift that is taking place in clean energy, with established markets such as the U.S., Europe and China losing momentum while newer markets in South America, Asia and Africa pick up steam," said Michael Liebreich, CEO of New Energy Finance.
Paragon Report 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.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.
American Superconductor provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. The company recently introduced a new class of Amperium superconductor wire which doubles performance to 200 amps.
Power-One, Inc. engages in the design, manufacture, sale, and service of power supply products for the renewable energy, servers, storage and networking, telecommunications, industrials, and network power systems industries worldwide. During the second quarter the company shipped 1,263 megawatts of inverters, up 88 percent sequentially and up 76 percent year-over-year.
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