2 stocks that could move up in a down day: COGO & IR
COGO on China rollout of 3G and IR on $5B contract.
Obama is into renewable energy not solar. Thats what an analyst with inside contact to Obama people said on Bloomberg radio last night and today we have this news:
Trane wins DOE contract worth up to $5 billion
Tuesday January 6, 5:35 pm ET
Trane wins Energy Department contract worth up to $5 billion
PISCATAWAY, N.J. (AP) -- Ingersoll-Rand subsidiary Trane said Tuesday it was awarded a U.S. Energy Department contract that could be worth up to $5 billion through 2019.
A Trane executive said the work could create thousands of new jobs in the company and at suppliers.
Trane received one of 16 awards to energy contractors to provide energy efficiency, renewable energy and water conservation projects at federal facilities around the world.
The company said the work could extend through 2019 if the government exercises all contract options.
Energy Secretary Samuel W. Bodman said the awards would help federal agencies reduce energy use and increase the use of renewable energy while cutting water consumption. The contracts are designed to help federal agencies meet conservation targets set in a 2005 energy bill.
Trane's regional president of commercial systems, John W. Conover IV, said his company's contract could create thousands of engineering and manufacturing jobs.
Shares of Montvale, N.J.-based Ingersoll-Rand Co. rose 8 cents to $18.96 in regular trading, and gained 57 cents, or 3 percent, to $19.53 in extended trading.