Since 2009, Abengoa and its subsidiaries, according to estimates, have received $2.9 billion in grants and loan guarantees through the Department of Energy to undertake solar projects in California and Arizona — as well as the construction of a cellulosic ethanol plant in Kansas.
But in the space of less than a year, Abengoa’s financial health has become critical, leading investors to worry whether the company can survive.
The company’s stock price on NASDAQ has swooned — from $29.32 on Sept. 2, 2014 to $5.62 on Tuesday…
Solar and cellulose need 100 oil too
Swoon. Now that’s a word you don’t see very often.
Reminds me of ‘roofie’ and sounds rapie enough to be a trigger word for feminists.
Probably why its fallen out of usage. Rare word.
Anyhoo, most people invest for a longer term than this alternative energy/CO2 scam has left to last.
All that’s left in these rare times is the scalpers looking to scalp each other, …these days.
I’m guessing that $2.9 billion would run the USA for what, maybe 11 seconds.
They are hooped and unfortunately from the look at the polls (Mulcair leading as choice for PM) we aren’t far behind.
I doubt the senior executives and creators of this boondoggle are lacking for money.
Not sure if these numbers include bonuses, no, they’re not hurting.
Not too bad for managing a failing company.
http://insiders.morningstar.com/trad…nerCountry=USA
“…we aren’t far behind.”
Libertarians are doing that well, eh?
I am an old age pensioner who has worked for 48 years to build a small pension. How do I get into one of these sleaze projects so I can live like a king?
liberaltarians are the “behind”:-)))
Abengoa as in: “a be gone wif yo money.
Windturbines and solar pannels are not good for Birds and Bats Screw green energy and screw the Eco-freaks as well