Topic: How To Invest

Hello Pat, I would like to know what you think of Alterra Power. Thanks.

Article Excerpt

Alterra Power Corporation, $0.57, symbol AXY on Toronto (Shares outstanding: 465.1 million; Market cap: $265.1 million, www.plutonic.ca), was formed through the merger of Magma Energy and Plutonic Power in May 2011. The company owns 191 megawatts of geothermal capacity in Iceland and Nevada, 235 megawatts of run-of-river hydro capacity in B.C and 144 megawatts of wind capacity in B.C. Alterra has a number of development projects underway, including an expansion of its Reykjanes plant in Iceland and a project in Chile. As well, the company continues to work with partner General Electric on hydrological and financial analyses related to the Upper Toba hydro development in B.C. In the three months ended September 30, 2011, Alterra’s revenue jumped to $17.0 million from $8.3 million a year earlier (all figures expect share price and market cap in U.S. dollars). The company lost $0.02 a share in the latest quarter, compared to a profit of $0.02 a share. Cash flow was positive, at $0.003 compared…