wow, Alaska might actually join and lead the USA in percent of renewable energy
The Wall Street Journal has published an op-ed from Gov. Palin in which she congratulates President Obama on his dedication to alternative energy.

“I applaud President Obama’s focus on alternative and renewable energy,” Palin writes, “and here in Alaska we’ve joined the effort: I have asked Alaskans to focus on obtaining 50% of our electric generation from renewables by 2025. In the meantime, we must not abandon oil and gas exploration and development. In fact, Americans should demand the cooperation of the major oil producers so that Alaska’s vast supply of clean natural gas can be brought to market. Alaska stands ready to positively contribute to the nation’s markets and energy needs.

Read Palin’s commentary on the Journal’s website.

AMSC continues to be a story stock and the story just plain sucked today given the numbers and results. However, the 2009 story looks bright and continued growth in revenues is finally going to deliver positive EPS after many years of large R&D expenses. The 225 million revenues for 2009 is what is guided as of now with existing backlog and existing orders. Any new orders received are going to add to the 2009 revenue model guidance and EPS.

American Superconductor Corp. (AMSC: News ) on Tuesday said that it expects a wider loss in the third quarter primarily on charges. The forecast, however, fell short of current Street estimates. The company reaffirmed its full-year 2008 forecast also provided full-year 2009 guidance.

For the third quarter, the company now expects net loss in the range of $8.0 million to $9.0 million or $0.18 to $0.21 per share, compared to the prior guidance, which was slightly above second quarter net loss of $4.1 million or $0.10 per share for fiscal 2008.

On average, sixteen analysts polled by First Call/Thomson Financial currently expect to report loss of $0.11 per share for the quarter.

Increase in net loss for the quarter was primarily due to a charge to to recognize future estimated cost overruns on one of its turnkey SVC projects, a charge for excess inventory related to PowerModule PM1000 subassemblies at one of AMSC’s subcontractors, and unfavorable foreign exchange effects.

Together, these items affected net loss in the quarter by approximately $4.5 million or $0.10 per share.

Quarterly revenues are expected to be in a range of $40 million to $41 million, in line with the company’s previous guidance for roughly flat revenues sequentially.