The Business Day of Global Warming (SPWR, LDK, PSD, ACM, ICPR, CAB, CSUN, FTEK, EFOI, HOT, CVX)

Wall Street analysts covered a few of the alternative energy names today: SunPower (NASDAQ:SPWR was started as an Outperform rating at RBC Capital Markets; LDK Solar (NYSE:LDK) was downgraded to "Market Perform" at Piper Jaffray.

Puget Sound Energy, a subsidiary of Puget Energy (NYSE:PSD), is deepening its mark in renewable energy, with the utility and its customers now boasting more than 1,200 kilowatts (kW) of combined solar-power generating capacity or enough to serve the total power needs of 125 homes.  As Puget Energy serves 1 million electric customers and 721,000 natural gas customers, there is still quite ways to go.

ENSR is providing environmental permitting and licensing support for four major solar energy projects in southern California. ENSR, part of AECOM (NYSE: ACM), is a leading global environmental services firm.

ICP Solar Technologies Inc. (OTCBB: ICPR), a developer, manufacturer and marketer of solar cells and products, today announced that it has re-acquired Cabela’s (NYSE:CAB) as a distribution partner for its superior range of Coleman® branded solar chargers at Calela's outdoor sporting stores.

The law firm of Coughlin Stoia Geller Rudman & Robbins LLP announced that a class action has been commenced in the United States District Court for the Southern District of New York on behalf of a class consisting of all persons who purchased the common stock of China Sunergy Co. Ltd. (NASDAQ:CSUN) traceable to the initial public offering on or about May 17, 2007, seeking to pursue remedies under the Securities Act of 1933.

Fuel Tech, Inc. (Nasdaq: FTEK) has announced receipt of a FUEL CHEM® demonstration order from a new industrial customer in the Upper Midwest to be conducted on a small, Powder River Basin coal-fired boiler used to generate steam and electricity for a sugar beet processing plant. Chemical feed for the program is scheduled to commence later this quarter.

Energy Focus, Inc. (Nasdaq: EFOI), in energy-efficient lighting technologies, today announced that W Hotels has signed contracts to install Energy Focus, Inc.'s energy efficient EFO(R) lighting systems at properties in Chicago and New York City.  W is a Starwood (NYSE:HOT) brand.

Chevron Corporation (NYSE:CVX) and the U.S. Department of Energy's National Renewable Energy Laboratory announced today that they have entered into a collaborative research and development agreement to study and advance technology to produce liquid transportation fuels using algae.

Over 100 organizations (too many public names to note) and companies representing every aspect of renewable energy signed a letter sent today to the President, the Speaker of the House, House Minority Leader, Senate Majority Leader, and Senate Minority Leader urging fast action on the extension of federal tax incentives.

Thursday may be a big day for many of these companies in alternative enetrgy and good old-fashioned brown dirty energy as ExxonMobil is set to post earnings, and the BILLION & BILLION OF DOLLARS in revenues will be a focus regardless of how the stock does.  As many consider Exxon one of the worst environmental companies out there, you can imagine this will be a catalyst for environmentalists.  Goldman Sachs just noted yesterday about taking some profits in oil, despite that its Super-Spike band lays out the possibilities of $135/barrel oil and $4.50/gallon gas under extreme circumstances.

Jon C. Ogg
October 31, 2007

As a reminder, whether you prefer the term "Global Warming" or "Climate Change" is not the issue as far as 24/7 Wall St. covers it. Green business has become big business, and this affects many public companies today.