SOURCE: Paragon Financial Limited

Paragon Financial Limited

March 08, 2012 08:20 ET

Renewable Energy Sector Poised for Growth -- Capstone Turbine and FuelCell Energy Set to Benefit

The Paragon Report Provides Equity Research on Capstone Turbine & FuelCell Energy

NEW YORK, NY--(Marketwire - Mar 8, 2012) - Clean energy stocks have struggled considerably over the last month as concerns about a loss of subsidies and tax credits have led to growth concerns. The PowerShares Wilderhill Clean Energy Portfolio (PBW) is down more than 13 percent over the last month. Despite the downswing, a recent report from the Energy Information Agency argues that renewable energy production is poised for growth regardless of tax credits. The Paragon Report examines investing opportunities in the Alternative Energy Sector and provides equity research on Capstone Turbine Corporation (NASDAQ: CPST) and FuelCell Energy Inc. (NASDAQ: FCEL). Access to the full company reports can be found at:

www.paragonreport.com/CPST

www.paragonreport.com/FCEL

In its "Annual Energy Outlook 2012," the Energy Information Agency (EIA) reported that renewable energy production will more than double by 2035 even without federal tax credits. Based on economic recovery and increasing energy efficiency, it expects energy demand in transportation to grow 0.2% a year between 2010 - 2035, and electricity demand to grow 0.8% a year.

The EIA expects the share of U.S. electricity generation from renewables (including hydro) will grow from 10% in 2010 to 16% in 2035.

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Alternative Energy Sector register with us free at www.paragonreport.com and get exclusive access to our numerous stock reports and industry newsletters.

The EIA says that near-term growth in many renewable energy technology types is largely used to satisfy state-level RPS requirements, the EIA notes. For instance, coal use will fall to 39% by 2035, down from 49% in 2007 because of the need to comply with new environmental regulations. However, over the long term, renewable technologies may continue to be built as they become increasingly competitive with other electricity generation options.

Wind power and biomass will dominate projected increases in U.S. renewable energy generation, excluding hydropower, the EIA says.

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