Here’s what’s happening in the alternative energy stock market today.
VALENCE TECHNOLOGY – CFO departs after 5 months
Valence Technology, Inc. (NASDAQ: VLNC), an international developer of safe lithium phosphate energy storage solutions, is trading off 2% following the company’s July 11, 2008 announcement that its Chief Financial Officer, Galen Fischer, will be resigning effective July 23, 2008 to pursue other interests. The company has begun a search for his replacement.
Donald E. Gottschalk, Corporate Controller, will assume the day-to-day financial management responsibilities for the company during the interim between Mr. Fischer’s departure and the appointment of his replacement. Mr. Gottschalk is a Certified Public Accountant and has more than 25 years of accounting and financial experience. To read the entire story, click here:
ELECTRIC MOTO CORP – CEO steps down to make room for new management
Electric Moto Corp., Inc. (Pink Sheets:EMOT ), a U.S. based designer, manufacturer and retailer of highly efficient electric battery-powered motorcycles, scooters and ATVs, responded positively and is trading up 320% today following the July 11, 2008 announcement of the resignation of Ely Schless as Chief Executive Officer, effective immediately.
In conjunction with his resignation as CEO, Mr. Schless has been named Chief Technology Consultant (CTC) of Electric Moto. The new position was created specifically to optimally capitalize on his unique capabilities surrounding the development of 2nd and 3rd generation electric vehicles, which is highlighted by his successful design of the company’s first-generation “Blade” motor bike. To read the entire story, click here:
HYDROGENICS CORPORATION – chosen to participate in Wales demo center
Hydrogenics Corporation (NasdaqGM:HYGS ) is trading up 12.5% following the company’s July 11, 2008 announcement that the leading designer and manufacturer of hydrogen electrolyzers and fuel cell systems has been selected to provide a hydrogen electrolyzer and fuel cell for the new Renewable Hydrogen Research and Demonstration Centre at the Baglan Energy Park. Air Liquide Advanced Technologies, a division of the Air Liquide Group, the world leader of industrial and medical gases was selected to integrate the whole hydrogen solution. The Centre, which is being developed by the University of Glamorgan is the first of its kind in Wales, and will explore the potential use of hydrogen as one of the key fuels of the future and show how hydrogen can be produced from local sources. The project will bring together academic and industry expertise and research, providing a hub for hydrogen business development throughout Wales. To read the entire story, click here:
ENTERGY CORPORATION – Names new CFO
Entergy Corporation (NYSE: ETR) is trading off 1.8% despite their July 11, 2008 announcement that the company continues to make progress preparing for its spin-off of the non-utility nuclear business, and today, Dean Keller was named executive vice president and chief financial officer for Enexus Energy Corporation.
Keller joins Enexus with more than 10 years of expansive financial markets experience at Citigroup Global Markets Inc., most recently as managing director – investment banking and co-head of the North American Power Group, where he advised a wide range of energy-focused clients and participated in transactions exceeding $100 billion. To read the entire story, click here:
