August 23, 2012

There good news on photovoltaics:

A technology that would enable low-cost, high efficiency solar cells to be made from virtually any semiconductor material has been developed by researchers with the U.S. Department of Energy (DOE)’s Lawrence Berkeley National Laboratory (Berkeley Lab) and the University of California (UC) Berkeley. This technology opens the door to the use of plentiful, relatively inexpensive semiconductors, such as the promising metal oxides, sulfides and phosphides, that have been considered unsuitable for solar cells because it is so difficult to tailor their properties by chemical means.

Photovoltaics are the ultimate source of clean, green and renewable energy but today’s technologies utilize relatively scarce and expensive semiconductors, such as large crystals of silicon, or thin films of cadmium telluride or copper indium gallium selenide, that are tricky or expensive to fabricate into devices.

“Solar technologies today face a cost-to-efficiency trade-off that has slowed widespread implementation,” Zettl says. “Our technology reduces the cost and complexity of fabricating solar cells and thereby provides what could be an important cost-effective and environmentally friendly alternative that would accelerate the usage of solar energy.”

Academic research in the States provides the skills, the patents and the profits. The research wasn’t done in Ontario because we blew the budget installing shoddy and expensive technology. Yay us.

Sorry folks – the tables will be delayed. On the bright side, I’ve just finished a major project, so things are looking up!

Update, 2012-08-24:

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices

Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)
Median
YTW
Median
Average
Trading
Value
Median
Mod Dur
(YTW)
Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 1.1485 % 2,359.9
FixedFloater 0.00 % 0.00 % 0 0.00 0 1.1485 % 3,530.2
Floater 3.08 % 3.11 % 60,257 19.40 3 1.1485 % 2,548.1
OpRet 4.78 % 3.57 % 29,205 0.83 5 -0.1382 % 2,543.4
SplitShare 5.47 % 4.84 % 71,327 4.66 3 0.1731 % 2,806.3
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.1382 % 2,325.7
Perpetual-Premium 5.29 % 3.71 % 95,316 0.40 28 0.0257 % 2,277.5
Perpetual-Discount 4.95 % 4.96 % 98,813 15.49 3 -0.2217 % 2,527.9
FixedReset 5.00 % 3.09 % 171,945 3.94 71 -0.0560 % 2,425.7
Deemed-Retractible 4.94 % 3.20 % 126,463 1.15 46 -0.0144 % 2,363.8
Performance Highlights
Issue Index Change Notes
PWF.PR.M FixedReset -1.18 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2014-01-31
Maturity Price : 25.00
Evaluated at bid price : 26.03
Bid-YTW : 3.32 %
BAM.PR.K Floater 1.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2042-08-23
Maturity Price : 17.02
Evaluated at bid price : 17.02
Bid-YTW : 3.11 %
BAM.PR.C Floater 1.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2042-08-23
Maturity Price : 16.98
Evaluated at bid price : 16.98
Bid-YTW : 3.12 %
Volume Highlights
Issue Index Shares
Traded
Notes
SLF.PR.B Deemed-Retractible 70,282 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2022-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.45
Bid-YTW : 5.22 %
BNS.PR.M Deemed-Retractible 70,142 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2015-07-27
Maturity Price : 25.25
Evaluated at bid price : 25.93
Bid-YTW : 3.61 %
RY.PR.H Deemed-Retractible 54,701 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2013-05-24
Maturity Price : 26.00
Evaluated at bid price : 26.85
Bid-YTW : 1.01 %
BAM.PF.A FixedReset 54,472 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2042-08-23
Maturity Price : 23.27
Evaluated at bid price : 25.55
Bid-YTW : 4.20 %
ENB.PR.H FixedReset 51,575 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2042-08-23
Maturity Price : 23.19
Evaluated at bid price : 25.24
Bid-YTW : 3.51 %
PWF.PR.I Perpetual-Premium 50,330 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2012-09-22
Maturity Price : 25.00
Evaluated at bid price : 25.44
Bid-YTW : -10.41 %
There were 20 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
VNR.PR.A FixedReset Quote: 26.05 – 26.46
Spot Rate : 0.4100
Average : 0.2476

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2017-10-15
Maturity Price : 25.00
Evaluated at bid price : 26.05
Bid-YTW : 3.67 %

HSE.PR.A FixedReset Quote: 25.87 – 26.20
Spot Rate : 0.3300
Average : 0.2009

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2042-08-23
Maturity Price : 23.56
Evaluated at bid price : 25.87
Bid-YTW : 3.09 %

PWF.PR.M FixedReset Quote: 26.03 – 26.35
Spot Rate : 0.3200
Average : 0.1969

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2014-01-31
Maturity Price : 25.00
Evaluated at bid price : 26.03
Bid-YTW : 3.32 %

BAM.PR.B Floater Quote: 17.08 – 17.37
Spot Rate : 0.2900
Average : 0.1830

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2042-08-23
Maturity Price : 17.08
Evaluated at bid price : 17.08
Bid-YTW : 3.10 %

CM.PR.K FixedReset Quote: 26.20 – 26.49
Spot Rate : 0.2900
Average : 0.2214

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2014-07-31
Maturity Price : 25.00
Evaluated at bid price : 26.20
Bid-YTW : 2.99 %

CM.PR.M FixedReset Quote: 26.75 – 26.94
Spot Rate : 0.1900
Average : 0.1253

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2014-07-31
Maturity Price : 25.00
Evaluated at bid price : 26.75
Bid-YTW : 3.01 %

Leave a Reply

You must be logged in to post a comment.