Welcome to the latest edition of the Energy Recap. This week, we wanted to highlight some recent news about Suniva, a Georgia-based manufacturer of solar cells and modules. On Wednesday, April 19, the private company filed for bankruptcy, citing tariff issues and “plunging prices for solar power cells.” In light of this news, some in the solar industry are lamenting the “long, slow death of U.S. solar manufacturing,” while others wonder if Suniva’s bankruptcy could “spark another solar trade dispute.”
What are your thoughts about the Suniva bankruptcy? Do you think solar manufacturing in the U.S. is in real trouble? Please leave your thoughts and opinions below in the comments section.
Energy Articles of Note
“BreitBurn Energy Partners: The Restructuring Case Drags On” By Elephant Analytics
“Evolution Petroleum: Too Many Positive Catalysts To Ignore, Don’t Wait On This One” By Michael Fitzsimmons (Please note that a Pro subscription is required to read the full article.)
Energy Sector Bankruptcies for the Week Ended April 21, 2017
Here’s a list of the most recent bankruptcy announcements in the energy sector:
Feel free to add any that we might have missed in the comments section below.
U.S. Oil Rig Count
As per Baker Hughes, the number of active U.S. oil drilling rigs rose again this week.
Weekly Natural Gas Storage Report and Summary
Natural Gas Rig Count
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Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
Editor’s Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.