Getting to this point hasn't been easy for Advanced Emissions Solutions (ADES),
previously known as ADA-ES before a corporate restructuring (a
legal/business structure restructuring, not a bankruptcy-related
restructuring). Like most companies trying to market "clean coal"
technologies, the company has faced regulatory uncertainties, a
risk-averse customer base, and sector-wide image issues created by
disreputable firms trying to capitalize on investor interest in the idea
of making coal-fired electrical generation cleaner and more
environmentally sustainable.
The solutions and services ADES
provides don't make burning coal 100% clean, and there are still a host
of long-term challenges facing coal as a fuel for electrical generation
in the U.S., but the company's patented technologies and processes can
help electrical utilities come into compliance with new regulations
governing mercury emissions. While the way Advanced Emissions will
generate most of its cash flow is fairly convoluted, it looks as though
even the 75%-plus rise in the shares over the past year doesn't fully
capture the potential value of the company. More to the point, relative
to the company's potential cash flows from its Refined Coal operations,
investors could be getting technologies like M-Prove and CO2 capture for
virtually nothing today.
Please continue here:
Are Investors Getting Free Call Options On Advanced Emissions' Long-Tail Technologies?
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