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Technology Stocks : Energy Conversion Devices

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To: Futurist who wrote (3775)	6/24/1999 6:28:00 PM
From: Futurist	Read Replies (1) of 8393

I have been getting more interested in Trigen Energy (TGN) on the NYSE. Trigen is an unconsolidated subsidiary of Suez-Lyonnaise, a huge French company with strong interests in US utilities. Its relative strength has been nice the last couple of months, but liquidity makes it a bit speculative. The company specializes in co-generation (your waste is my heat and air conditioning), and they have been signing up a lot of new sites recently. Plus, they've won a bunch of law suits that should show up directly on the bottom line. The board of directors owns about 20%, S-L owns about 50% and institutions own about 15%, meaning that any real active buying will bid up the tiny float rapidly. Others may want to check it out.

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