Carnegie Corporation - wave energy
To get started with our coverage of Australian listed alternative energy stocks, let’s look briefly at one of the star performers of the last few months.
Perth-based Carnegie Corporation (ASX:CNM) is focused on developing and commercialising clean energy technologies, with current projects in “CETO” wave energy technology and “Cleaner Coal Power”, a low-emission, coal-fired power generation technology. They further aim to become a diversified clean energy technology company and in their 2007 AGM presentation, bullishly ask: “who will become the Googles and Microsofts of the sector?”
Performance-wise, CNM’s share price has more than doubled in only the last month to reach its close today at AU$0.47. Current speculation appears linked to potential commercial deployments 12-18 months away as CNM states in their recent ASX response on price movements since The West Australian newspaper’s article “Carnegie surges on eve of water deal”.
Posted: January 2nd, 2008 under ASX Listed, Clean Energy, Companies, Renewable Energy.
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