Renewable energy is still big business in the United States. Despite the financial markets focusing the majority of its attention on the ever-changing price of oil and natural gas, there are a group of companies working to integrate renewable energy, at any cost, no pun intended, across the United States.
Just this morning, NextEra Energy Resources LLC, the biggest renewable-energy power company in North America, announced it would be spending $640 million on two huge new wind farms in eastern Colorado.
Company spokesman Steve Stengel, explained that’s on top of the “roughly $2 billion” the renewable energy giant has already invested in Colorado via seven existing wind farms that collectively generate 1,175 megawatts worth of power.
source:http://www.9news.com/story/money/business/2015/04/06/nextera-energy-to-b…
Franz Fink’s renewable energy bet and Maxwell Technologies
While we have primarily focused on resource plays at Pinnacle, one man and his company caught our eye recently when writing our latest EBook on some of North America’s top buyouts.
Dr. Franz J. Fink is the President and CEO of San Diego-based Maxwell Technologies (MXWL:NASDAQ).
Prior to Dr. Fink taking the helm at Maxwell Technologies, from 2006 to 2012, Dr. Fink was President and CEO of Gennum Corp., a technology company previously listed on the TSX under the symbol GND. Gennum was acquired in 2012 by NASDAQ-listed Semtech Corp. in a friendly $500-million acquisition offer.
This perked our interest at Pinnacle and led to Franz Fink being featured in our latest EBook on 50 of North America’s top business minds and the companies they led to multi-million dollar buyouts.
Fink has proven to be of the best in the game and Maxwell Technologies is his current focus.
Click the below link and image to find out how Dr. Franz Fink and 49 of the best and brightest leaders in Canada turned juniors into shocking multi-million dollar buyouts.
Maxwell Technologies is an energy storage and power delivery solutions company. It develops and manufactures innovative, cost-effective products, including its ultracapacitor which provide safe and reliable power solutions for applications in consumer and industrial electronics, transportation and telecommunications.
The company boasts having over 30,000 Onshore and offshore wind turbines worldwide, according to its website.
The Climate Change Business Journal (CCBJ) honored Maxwell with the 2014 Business Achievement Award in the Transportation category for innovative ultracapacitor technology applications in energy recuperation for electric rail systems.
Maxwell Technologies – 4 Year Chart
Maxwell Technologies has had a relatively volatile couple of years, as witnessed by the above chart.
On March 25th, Maxwell Technologies announced that its ultracapacitor-based Engine Start Module (ESM) will be offered as a factory-installed option on new Kenworth T680 and T880 trucks. Below is a short excerpt.
“Kenworth dealers have offered the ESM as an aftermarket solution since 2011. With increasing demand for reliable truck engine starting, Kenworth is now the first original equipment manufacturer (OEM) to offer Maxwell’s ESM as a factory-installed option.”
Click here to read more.
Dr. Franz Fink, president and CEO of Maxwell, made the below statement in March 25th’s press release.
“Over the past three years, we’ve seen growing demand for Maxwell’s Engine Start Module as an aftermarket part to help improve truck performance and reliability. Now, with our partnership with Kenworth to offer this technology in new trucks, customers can immediately benefit from this cost-effective option to reduce downtime and maintenance costs caused by discharged batteries.”
Click here to read more.
Maxwell is far from a one trick pony. The company builds radiation-mitigated microelectronic products, which include power modules, memory modules and single board computers that incorporate powerful commercial silicon for superior performance and high reliability in aerospace applications. The company’s slogan: enabling energy’s future is something it works towards every day.
The company market cap sat at roughly $244 million Easter Monday.
With Maxwell Technologies trading near the low-end of its 52-week range and many of the world’s largest companies and nations putting a heightened emphasis on renewable energy products, Franz Fink is hoping he can capture market share and build shareholder value as he has done in the past.
This article represents solely the opinions of Alexander Smith. Alexander Smith is not an investment advisor and any reference to specific securities in the list referred to in the article does not constitute a recommendation thereof. Readers are encouraged to consult their investment advisors prior to making any investment decisions. The information in this article is of an impersonal nature and should not be construed as individualized advice or investment recommendations.
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