SOURCE: The Bedford Report

The Bedford Report

August 18, 2011 08:16 ET

Evergreen Solar and American Superconductor's Struggles Continue

The Bedford Report Provides Equity Research on American Superconductor & Evergreen Solar

NEW YORK, NY--(Marketwire - Aug 18, 2011) - Renewable Energy stocks have been on the downturn of late as a sudden decline in oil prices, project delays and budget cuts have halted growth estimates. With North American and European alternative energy projects slowing, Chinese exposure has become critical to the long term growth potential of several renewable energy companies.The Bedford Report examines the outlook for the alternative energy sector and provides equity research on American Superconductor Corporation (NASDAQ: AMSC) and Evergreen Solar, Inc. (NASDAQ: ESLR). Access to the full company reports can be found at:

Despite being one of the world's most prominent polluters, China's investments into clean technology far surpass the United States. According to Ernst & Young, China is the most attractive location to invest in renewable energy projects. The firm says that the United States slipped to second place last year -- due in part to China's $11.5 billion in asset-financing for clean technology in the second quarter of this year -- on the Renewable Energy Country Attractiveness Indices, which grades countries on a 100 point scale in national renewable energy markets, renewable energy infrastructure, and suitability for individual technology.

The Bedford Report releases stock research on the alternative energy sector 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 and get exclusive access to our numerous analyst reports and industry newsletters.

Evergreen Solar has struggled immensely of late. The company, which received millions in grants and tax incentives from the state before closing one of its Massachusetts facilities, has voluntarily filed for Chapter 11 bankruptcy relief. In a filing with the U.S. Securities and Exchange Commission, Evergreen said it has received notice that Nasdaq staff have decided to suspend the trading of its stock at the opening of business on Aug. 24. Shares may trade on the OTC Bulletin Board or the Pink OTC Markets Inc.

Shares of American Superconductor have failed to recovery from the spring announcement that its largest Chinese customer was not accepting contracted shipments of wind turbine parts from the company.

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