Top Gainer: Infigen (IFN)

 Closing price  $0.325
 Change  +0.025
 % change  +8.3%


Down 54% for the year, former Babcock & Brown ‘wind play’ IFN was today’s biggest gainer, jumping 8.3%. However the day’s gain offers little solace for long-term shareholders who have seen the stock plummet 72% over the past two years. 

Infigen Energy develops, operates and manages a wind energy asset portfolio, with 41 wind farms in Europe, North America and the Asia Pacific. The wind farms have a total  capacity of 2,246MW, and it has a good diversification across differents currencies, countries and customers.

Most of its earnings are currently attributed to the US (44.5%) and Australia (44.0%), followed by Germany (11.4%).

It was at the end of 2008 that IFN terminated its agreement with Babcock & Brown and internalised management, indoing so it switch its emphasis from asset management to being a renewable energy operator.

Roger Leaning, head of research with RBS Morgans expects all alternative energy stocks to benefit from any future ETS scheme as the focus on clean technologies intensifies. Given where they are on the commercialisation curve, Leaning’s favoured cleantech stocks include Infigen Energy (IFN). JP Morgan has a hold on the stock.

For further info you can download its presentation at the Morgan Stanley Environment Day on 3rd May 2011 here.

Based on Thomson Reuters data, 73% of analysts have a buy on IFL, 27% have a hold, 0% have a sell. 


Chart: Share price over the year to 29/06/2011 versus ASX200 (XJO)

Stock code: IFN

Charts: Infigen Energy Limited

More news: Infigen Energy Limited

Investor Centre: Infigen Energy Limited



Biggest Loser: Energy World (EWC)

 Closing price  $0.48
 Change  -0.02
 % change  -4.0%


EWC shares have been on a rollercoaster ride over the past 12 months. Although a far cry from its peak of $1.60 hit in 2008, EWC has still posted solid gains this year, rising from 37 cents last June to 48 cents as at close of trade yesterday – a gain of 28% for the year. It had hit a 12-month high in December of 59 cents only to fall away to 38 cents in March, then again rise to 54.5 cents just two weeks ago week. It seems this stock is not for the faint-hearted.

EWC is an integrated energy company based in Hong Kong and listed in both Australia and New Zealand. It has  gas and power operations located at Sengkang, South Sulawesi in Indonesia; and also produces gas, power and LNG in Australia.

EWC describes itself as “an independent, integrated energy company primarily engaged in the production and sale of power and natural gas.” It owns and operates gas-fired power plants in Indonesia and in Alice Springs. It also has gas interests in South Sulawesi, Indonesia and in various gas fields in Queensland.

EWC says that the focus of its future development is on the expansion of LNG business. “Natural gas transported to end markets in Asia in the form of LNG, is likely to be an increasingly important energy source given Asia’s growing energy requirements and the environmental advantages of natural gas as a comparatively lean’s fossil fuel,” it says on its website.

Energy World Limited – 2010 Annual Report

Based on Thomson Reuters data, there is only one analyst covering EWC, who has an “OUTPERFORM” rating on the stock. 


Chart: Share price over the year to 29/06/2011 versus ASX200 (XJO)

Stock code: EWC

Charts: Energy World Limited

More news: Energy World Limited

Investor Centre: Energy World Limited