Wednesday, October 26, 2011

ConocoPhillips (NYSE:COP) Awards Energy Prize

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tdp2664 E money daily ConocoPhillips (NYSE:COP) has awarded its $125,000 energy prize. ConocoPhillips (NYSE:COP) Awards Energy Prize ConocoPhillips (NYSE:COP) has awarded its $125,000 energy prize to a tethered, high-altitude wind power device by Adam Rein and Ben glass, of Altaeros Energies. The device, basically a horizontal-axis wind turbine floating with a helium-filled shroud, can be rapidly deployed from a single shipping container in emergency situations. It flies at up to 2,000 feet above the ground, where wind is both stronger and more consistent. Ken Caldeira, climate scientist on the incredible potential of high-altitude wind energy, said that, “There is enough energy in high-altitude winds to power civilization 100 times over. Sooner or later, we’re going to learn to harness that vast resource and use it to run civilization.” ConocoPhillips (NYSE:COP) shares were at 70.68 at the end of the last day’s trading. There’s been a -4.0% change in the stock price over the past 3 months. ConocoPhillips (NYSE:COP) Analyst Advice Consensus Opinion: Hold Mean recommendation: 2.34 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 2.35 Zack’s Rank: 3 out of 7 in the industry



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