Topic: How To Invest

Hi Pat: What are your thoughts on Alterra Power?

Article Excerpt

Alterra Power Corporation, $0.47, symbol AXY on Toronto (Shares outstanding: 243.6 million; Market cap: $114.5 million; www.alterrapower.ca), was formed when Magma Energy and Plutonic Power merged in May 2011. Alterra’s assets include 147 megawatts of geothermal power generation capacity in Iceland and Nevada, 94 megawatts of run-of-river hydro capacity in B.C and 73 megawatts of wind capacity (also in B.C.). Alterra has a number of development projects underway, including an expansion of its Rekjanes plant in Iceland and a project in Chile. In addition, it continues to work with General Electric on the Upper Toba hydro project in B.C. The partners are still deciding whether to go ahead with this project. Alterra needs to successfully implement its growth plans to keep improving its cash flow. However, it could report cash flow of as much as $0.07 U.S. a share next year. The stock is okay to hold, but only for highly aggressive investors. ..