Sunday, January 29, 2023
Hawai'i Free Press

Current Articles | Archives

Friday, November 25, 2011
USA Today: Stimulus Funds Helped Some Stocks Soar
By NCPA @ 3:03 AM :: 5598 Views :: Energy, Environment, National News, Ethics

From NCPA

As Congress and the White House launch investigations into renewable-energy loan guarantees made to companies such as Solyndra under the 2009 stimulus bill and related legislation, a USA Today analysis shows that a series of public companies that got help have soundly beaten the stock market and most venture-capital funds raised in 2008.

The analysis covered more than 45 companies that are public or have registered for initial public offerings (IPOs), and a small selection of the 5,000-plus companies and local government agencies that got clean-energy stimulus grants. Separately, USA Today looked at the recipients of all 38 completed or pending loan guarantees under the Energy Department's three major financing programs. In all, the included companies, or their customers, are to receive more than two-thirds of the technology funding.

  • At least 19 companies have gone public or filed for IPOs after getting stimulus money.
  • The stimulus has helped spark an 82 percent gain in the stocks of 11 health care technology companies since President Obama took office and a 263 percent gain in the three public companies that took $7.8 billion of federal financing to build next-generation vehicle factories.
  • It contributed to a 79 percent jump in stocks of the four leading energy-efficiency companies, including diversified companies such as Johnson Controls and Honeywell.
  • Companies involved in developing smart electric grids -- nine big tech firms that are also in many other businesses -- have risen 54 percent.

All these match or exceed the 51 percent gain in the Standard & Poor's 500-stock index, and beat the 4.9 percent average annual gain in venture funds raised in 2008, according to Cambridge Associates. The big exception is that the five solar-power companies and advanced-battery manufacturers have fallen 70 percent. Similarly, among the loan-guarantee recipients examined, solar power-related companies such as Solyndra and energy storage companies such as Beacon Power, which filed for bankruptcy reorganization October 31, have fared the worst.

Source: Tim Mullaney, "Stimulus Funds Helped Some Stocks Soar," USA Today, November 21, 2011.

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

808 Silent Majority

ACA Signups Hawaii

Alliance Defending Freedom

Aloha Pregnancy Care Center

American Council of Trustees and Alumni

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Astronomy Hawaii

Back da Blue Hawaii

Ballotpedia Hawaii

Better Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

ChinaTownWatch.com

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii Coalition Against Legalized Gambling

Hawaii ConCon Info

Hawaii Credit Union Watch

Hawaii Crop Improvement Association

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii Future Project

Hawaii Gathering of Eagles

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

HIEC.Coop

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

July 4 in Hawaii

Kakaako Cares

Keep Hawaii's Heroes

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Malulani Foundation

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

MentalIllnessPolicy.org

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Christian Foundation Hawaii

National Parents Org Hawaii

NFIB Hawaii News

No GMO Means No Aloha

Not Dead Yet, Hawaii

NRA-ILA Hawaii

Oahu Alternative Transport

Obookiah

OHA Lies

Opt Out Today

OurFutureHawaii.com

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Pritchett Cartoons

Pro-GMO Hawaii

P.U.E.O.

RailRipoff.com

Rental by Owner Awareness Assn

ReRoute the Rail

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

Save Dillingham Airfield

School Choice in Hawaii

SenatorFong.com

Sink the Jones Act

Statehood for Guam

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

UCC Truths

US Tax Foundation Hawaii Info

VAREP Honolulu

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii

Yes2TMT