US Renewable Energy: Sell the Public Renewable Energy Stocks

MIAMI, July 14 /PRNewswire-USNewswire/ -- Karl W. Miller, a senior energy
executive and institutional investor, today issued the following summary
ratings through his advisors, regarding the state of the US renewable energy.
Mr. Miller has issued a Sell/Short rating on the US renewable and green energy
sector.

The Industry Rating Rationale is driven by fact that the renewable industry is
still very immature in the United States. The public companies in the
renewable energy sector will continue to be very volatile and face extreme
pressures and difficulty to deliver the promised growth in net earnings and
tangible asset growth.

The renewable energy sector is still a very long way from competing with the
net cost of fossil fuels as measured by generation energy source and recouping
the required substantial investments necessary to justify the current sector
valuations.

Net Generation Shares by Energy Source:
Total (All Sectors), Year-to-Date through March, 2009

Coal - 46.8%
Natural Gas - 20.3%
Nuclear - 21.2%
Petroleum - 1.3%
Other Energy Sources - 3.9%
Hydroelectric Conventional - 6.5%

Source: Energy Information Administration

To view Mr. Miller's entire report -- US Renewable Energy: A Self Inflicted
Crisis in the Making -- go to:
http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=ind_focus.story&STORY=/www/story/06-29-2009/0005052129&EDATE=

Disclaimer: Mr. Miller does not own any renewable or green energy private or
listed securities or fixed income instruments. The renewable energy companies
listed in this report are potential examples of potentially overvalued or
short sell candidates.

Sample Universe of Public Renewable Energy Companies
----------------------------------------------------

Solar Recent
----- ------
Company Ticker P/E Price
---------------------------------------------------------------

SunTech Power Holdings STP 50 $14.92
First Solar FSLR 26 $145
SunPower Corporation SPWRA 26 $23.18
LDK Solar LDK 15 $9.01
Energy Conversion Devices ENER 14 $12.74
Trina Solar TSL 16 $22.36
Spire Corp SPIR 14 $5.81
Ascent Solar Techs ASTI 10 $6.97
GT Solar SOLR 10 $5.35
Akeena Solar AKNS 2 $1.33
Daystar Technologies DSTI -1 $0.91
Emcore Corporation EMKR -1 $1.27
Evergreen Solar ESLR -2 $2.06
Real Goods Solar RSOL -2 $2.60
Solarfun Power SOLF -2 $6.34
Renesola SOL -4 $5.24
China Sunergy CSUN -5 $4.41
JA Solar Holdings JASO -7 $4.48
Canadian Solar CSIQ -15 $11.37
Solar Enertech SOEN -31 $0.31

Wind Energy and System Stocks Recent
----------------------------- ------
Company Ticker P/E Price
---------------------------------------------------------------

Vestas-ADR VWDRY 10 $21.85
Veolia Environment VE 9.4 $28.60
Western Wind Energy WNDEF NA $0.99
Clipper Wind Power CRPWF NA $2.43
Wind Energy America WNEA NA $0.23
Americas Wind Energy AWNE NA $0.23
Broadwind Energy BWEN NA $7.59
China Wind Energy CWEY NA $0.60
First Trust Global Wind FAN NA $13.79
Gamesa GCTAF NA $18.05

Clean Energy Corporates Recent
----------------------- ------
Company Ticker P/E Price
---------------------------------------------------------------

Ormat Technologies ORA 33 $38.85
Air Prods and Chems APD 23 $62.71
Covanta CVA 20 $15.99
Praxair PX 19 $70.14
FPL Group FPL 13 $57.19
Methanex Corp MEOH 14 $11.83
AES Corporation AES 6.5 $11.49
Archer Daniel Midland ADM 9 $26.75
Fuel Cell Energy FCEL -3 $3.61
Beacon Power BCON -4 $0.90
Ocean Power Tech OPTT -3 $5.80
US Geothermal HTM -19 $1.44

Energy Efficiency Recent
----------------- ------
Company Ticker P/E Price
---------------------------------------------------------------

Itron ITRI 348 $52.22
Cree Inc. CREE 84 $27.61
International Rectifier IRF 3.4 $14.64
Echelon Corp ELON -11 $7.31
Universal Display PANL -18 $9.62
Comverge COMV NA $10.40
Enernoc ENOC NA $19.04

About Mr. Miller
Mr. Miller is a globally recognized energy executive and institutional
investor with a balance of both financial and energy sector expertise. Mr.
Miller began his career on Wall Street during the 1980's and has an extensive
background in banking, commodities trading and risk management.
Mr. Miller has a long history in the global energy business and has held a
variety of executive management positions both within the United States,
Europe and Asia. Mr. Miller has bid on over $25 billion in energy related
assets during his career.
Mr. Miller has built, restructured and managed energy businesses for major
public energy companies on several continents, including PG&E Corporation,
Electricite de France, El Paso Energy, Enron Corporation and JPMorgan Chase.
Mr. Miller holds an MBA in Finance from the Kenan-Flagler Business School at
The University of North Carolina, Chapel Hill. Mr. Miller also holds a B.A.
in Accounting from Catholic University located in Washington DC.
Mr. Miller is currently on medical leave until late 2009.

SOURCE VBCC

Mark D. Johnson, +1-772-223-7700, for VBCC