STOCKCHASE

Pretty rocky road over the last year or so. Paying down their debt and sold off a buch of assets. Might be a survivor.

2005-02-07

VAGUE

3.530

Larry Berman CFA, CMT, CTA

Model price is $1.75.

2005-02-07

DON'T BUY

3.530

Chart looks like it's starting to improve, but it still has a ways to go technically before it gets exciting.

2005-02-07

DON'T BUY

3.390

Not a fan. Have done a lot of things right over the last year giving them about $2.5 billion of liquidity at year's end. Concerned with how they will finance their gas plants they are building. Margins will come under pressure.

2004-11-24

TOP PICK

3.490

David Williams

2004-08-27

SHORT

3.900

Just announced a $.17 loss for the quarter and gave guidance to break even for the year. Doesn't have a lot of optimism with this company.

2004-05-06

BUY

4.870

Has restructured its balance sheets significantly. As deregulated power in the US begins to recover, there should be some upside in the next 2/3 years. Risky.

2003-12-29

SELL

5.040

Doesn't see it rebounding anytime soon. It’s a merchant power plant constructor and operator. There is now too much supply in the US coming on stream all at the wrong time. Spreads have been collapsing. Large debt.

2003-10-16

DON'T BUY

4.860

Very speculative investment. Could have a little bit of upside, but expect liquidity issues in the fourth quarter of 2004 when they have a $2 1/2-billion convertible bond due.

2003-10-02

BUY

7.100

Refinancing of debt has benefited them. Some risks.

2003-07-15

HOLD

7.650

Got tarred with the same brush as Enron. Have some excellent generation assets. Natural gas shortage is a problem. Easy money has been made.

2003-07-08

BUY

6.680

Has more confidence in them now.

2003-06-16

WEAK BUY

4.910

Seem to be coming back and looks like they will be able to make their payments.

2003-05-09

DON'T BUY

3.930

Has a lot of debt. Great assets. Volatile.

2003-04-14

WEAK BUY

3.070

Very cheap. Could double in 5 years, but there are some litigation problems.

2003-03-19

DON'T BUY

2.730

2003-03-04

DON'T BUY

3.110

Lower margins. Possible bankruptcy.

2002-12-30

DON'T BUY

2.080

High debt load. Not sure if they can survive.

2002-10-22

DON'T BUY

2.320

Could go under. Big debt.

2002-10-04

DON'T BUY

2.830

A lot of debt. Wait for some strength.

2002-09-24

DON'T BUY

3.470

John Zechner

Spending level and debt is too high.

2002-09-19

DON'T BUY

3.520

High risk. Large debt. Good assets. Prefers the bonds.

2002-09-17

DON'T BUY

5.130

They are looking at doing a spin off of 3 Canadian gas fired power generators. Main customer would be Calpine.

2002-08-29

DON'T BUY

5.000

Wait for a while to see what happens.

2002-08-23

WEAK BUY

3.720

Probably oversold. Volatile.

2002-08-19

WEAK BUY

3.420

Trading at 3.5/4 X next years earnings. Cheap. Should come back.

2002-08-14

DON'T BUY

4.750

Their business model is broken. Good asset base, but will have to sell off some of their assets.

2002-07-19

DON'T BUY

5.300

Have to get through the debt issue.

2002-07-17

BUY

5.300

Has suffered because of Enron. Good capital appreciation potential.

2002-07-17

DON'T BUY

5.880

Tarred with the Enron brush. Geat asset base, but financial risk.

2002-07-09

DON'T BUY

7.030

A lot of risks.

2002-06-28

DON'T BUY

8.600

John Zechner

2002-06-06

DON'T BUY

9.600

Was tarred with the same brush as Enron. Power demands have dropped.

2002-05-31

BUY

9.640

Bill MacLachlan

Reasonable buy and expects to perform better than the market over the next 6 months.

2002-05-30

WEAK BUY

10.310

Have to see power demands grow. If economy turns, it could do well.

2002-05-27

DON'T BUY

8.850

Demand for power will not grow as fast as expected.

2002-05-13

DON'T BUY

10.320

Risky. Has been hit hard. Power demand is not as strong as expected.

2002-05-01

WEAK BUY

10.320

Looks cheap. P/E is in the 7/8 range. Looking for grwoth.

2002-05-01

DON'T BUY

11.000

Thinks price should be higher, but too volatile at this time.

2002-04-30

DON'T BUY

13.330

New share offering will dilute existing shares. Not financially strong.

2002-04-23

DON'T BUY

12.100

Brad Willock

A lot of debt. Demand for power has dropped.

2002-04-19

PAST TOP PICK

12.020

(Was a top pick on Dec 19 down 18%) Still thinks there is a good value. High debt.

2002-04-18

DON'T BUY

12.280

David Driscoll

Credit rating has been downgraded. Will drop further.

2002-04-03

DON'T BUY

12.510

Too many variables at this time. A high risk.

2002-04-01

DON'T BUY

12.510

Debt rating has been reduced by Moody's. Has a high debt level.

2002-04-01

PAST TOP PICK

13.680

(Was a top pick on Dec 19 down 5%) High debt

2002-03-25

BUY

11.680

Volatile. At a good level now. Needs financing.

2002-03-12

DON'T BUY

13.250

David Driscoll

Too highly leveraged. Could end up in a big squeeze.

2002-03-08

DON'T BUY

12.070

John McColl

Extremely volatile. Very speculative. Watch.

2002-03-07

DON'T BUY

10.870

Martin Hubbes, CFA

May not have the growth they had before.

2002-03-06

WAIT

7.860

In the middle of re-financing.

2002-03-04

DON'T BUY

7.350

Ross Healy

Very weak at this time.

2002-02-28

DON'T BUY

7.750

Has been treated unfairly but wait for the Enron cloud to clear up.

2002-02-27

DON'T BUY

6.860

Brad Willock

Large debt. Could double if conditions are right, but the risk is that it could go to zero.

2002-02-22

BUY

7.600

Tainted by Enron brush. High debt, big capital expenditure plans. A hot California summer would create interest. Cheap.

2002-02-19

DON'T BUY

7.640

Could drop further.

2002-02-15

DON'T BUY

8.070

Concerned about California situation.

2002-02-14

WEAK BUY

7.980

Has beeen under pressure because of "off balance sheet" finances. Good cash flow/company.

2002-02-13

BUY

8.700

Good price.

2002-02-11

DON'T BUY

8.400

Will have to Wait and see what is happening in oilo/gas sector later this year.

2002-02-08

BUY

8.140

Suffering from Enron fallout.Good company.

2002-02-07

DON'T BUY

8.140

A lot of debt. If maket moves against the company, the debt will be very difficult to handle.

2002-02-07

WAIT

6.800

Bob Stodgell

Under :disclosure" investigation. Wait to see if anything develops.

2002-02-06

BUY

8.750

Accounting looks OK. At a decent price. May drop further. Short term volatility.

2002-02-05

BUY

9.490

Good value now.

2002-02-04

BUY

11.010

Ross Healy

Cheap and has some good upside potential.

2002-01-29

DON'T BUY

12.040

Too soon to look at it now. Wait for 6/12 months.

2002-01-28

BUY

12.500

Brendan Kyne

Large debt, but at a very low rate. Expanding. Reasonable value.

2002-01-24

BUY

13.700

Good company. Debt level is a little high. Low P/E.

2002-01-21

PAST TOP PICK

13.950

(Was a top pick on Oct 31 up 78%) Difficult environment right now.

2002-01-17

TOP PICK

14.940

Ray Steele

Volatile so has risks. Price is very low. A speculative opportunity.

2002-01-16

BUY

13.850

Sees a need for US power plants. Has staying power.

2002-01-15

DON'T BUY

16.600

Ian Nakamoto

Volatile

2002-01-08

DON'T BUY

16.830

Brad Willock

Cheap, but a lot of stock. High risk.

2002-01-02

DON'T BUY

16.390

Not a fan. Caught up in the Enron problems.

2001-12-28

TOP PICK

14.690

Speculative. Well managed. Small exposure to Enron should not affect the company. Very cheap.

2001-12-19

HOLD

15.910

Enron collapse affected the stock. Into a large build out which should be completed in 2002. Good accounting and management. Will survive.

2001-12-12

DON'T BUY

15.500

Ross Healy

Expect it to bottom at its book value of $12. Has a weak balance sheet.

2001-12-11

BUY

21.370

Surprised at drop. Good price and good upside potential.

2001-12-07

DON'T BUY

18.500

Have to wait to see how the Enron bankruptcy will affect them.

2001-12-03

TOP PICK

24.860

Should do $2.15 earnings next year. Good growth possibilities.

2001-10-31

BUY

27.580

Good valuation. Some risks. A good business model.

2001-10-16

BUY

22.810

Good value.

2001-09-28

BUY

22.750

Robert Lyon

The fall off in gas prices has decreased needs, but its at a good price.

2001-09-21

DON'T BUY

24.500

Dropping. Over abundance of power now.

2001-09-19

BUY

33.700

Top pick in the electrical generation sector. At a good valuation now.

2001-08-27

DON'T BUY

32.880

Prefers to play the energy market through the supplier like GE.

2001-08-07

TOP PICK

37.900

Joe Connolly

Good price. Good revenue/profits.

2001-07-27

TOP PICK

35.810

Gordon Higgins, CA, MBA

Great company. Should increase capacity by tenfold. Good value.

2001-07-25

BUY

43.950

2001-07-09

TOP PICK

42.620

Good price. Good growth. Global.

2001-07-06

BUY

37.100

Joe Connolly

Down now, but once summer is over, it should do well. At a good price now.

2001-06-21

BUY

41.250

Ian Nakamoto

Should continue to do well, but a volatile stock.

2001-06-19

DON'T BUY

45.310

Stock is not cheap and they have a lot of debt.

2001-06-07

BUY

43.760

At a good price.

2001-06-06

BUY

48.890

Power generation is a good sector. Should triple in growth. A good long term hold.

2001-06-01

TOP PICK

50.310

Good long term. Expert at building power stations quickly, so a strong demand.

2001-04-04

TOP PICK

55.070