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Climate Exchange Rebounds on Robust Results
Mike Havrilla (September 20th, 2008) Writes:
Climate Exchange Rebounds on Robust Results
Late last week, Climate Exchange (London: CLE) posted strong operating results, stemming a massive loss in market value of about 50% (from about 2,000 to 1,000 pence per share) in the wake of the financial crisis and near market meltdown. The stock has since settled at the 1,300 level as carbon trading growth in the Company’s two climate exchanges (European – ECX + Chicago – CCX) demonstrated health growth during the first half of 2008. The ECX posted gains from the year-ago period of 150% on over 1 billion tons while the CCX registered a 286% increase on 46 million tons of carbon traded.
Climate Exchange also narrowed its pre-tax loss to $0.6M (from a $5.1M loss …
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Chicago, China, Climate Exchange, Global Carbon Trading Index, Hurricane Ike, Lehman Brothers, London, Market Commentary, Neil Eckert, pence, United States, USD, web link
Chicago, China, Climate Exchange, Global Carbon Trading Index, Hurricane Ike, Lehman Brothers, London, Market Commentary, Neil Eckert, pence, United States, USD, web link
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