DALLAS, Feb. 23, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring electrical utilities company EverGreen Energy Inc. (NYSE Arca:EEE). The report includes financial, comparative and investment analysis, and pertinent industry information you need to know to make an educated investment decision.
It is available at: http://www.beaconequity.com/i/EEE
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EverGreen Energy Inc. (EEE) is a vertically integrated, coal-based platform for delivering energy, with operations based principally in the United States. The Company serves the needs of public utility, industrial and international market customers by providing solutions to environmental emission standards. The K-Fuel process uses heat and pressure to physically and chemically transform high moisture, low-British thermal unit (low-Btu) coals, such as sub-bituminous coal and lignite, into lower-emission fuel. The Company's business segment comprises: the C-Lock segment, the Plant segment, the Mining segment and the Technology segment.
In the report, the analyst notes:
"Total operating expenses were $21.9 million, compared to $24.7 million. G&A was $10.8 million including stock-based compensation expense of $2.3 million and $1.4 million in write-offs and an impairment charge related to the sublease of office space, which will reduce future rent expense. This compares to $8.5 million, which included $1.3 million in stock-based compensation.
"Evergreen Energy produces K-Fuel®, a cleaner, more efficient refined coal, using a patented pre-combustion refining process. With abundant low-grade coal as a raw material, the K-Fuel® process employs heat and pressure to transform the coal into a cleaner, more efficient fuel by removing water and polluting impurities, thus increasing combustion efficiency. When applied to different lower-rank sub-bituminous and lignite coals, the K-Fuel process removes, on average, almost 70% of the coal's elemental mercury."
To read the entire report visit: http://www.beaconequity.com/i/EEE
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