Chipotle Mexican Grill (NYSE: CMG) (NYSE:
CMG-B) is going green, and it has nothing to do with that
burrito you let sit in your fridge for a few weeks.
The "food with integrity" company is installing solar
panels in 75 of its restaurants, in an effort to improve the
energy efficiency of its units during its peak hours of
operation.
This move is more than just lip service, since the company
is pinpointing eateries to be converted based on electricity
consumption, sunlight access, and any applicable local
utility solar rebates that are available. Still, it's
undeniable that this will look good on the company's
eco-facing front.
Sure, animal activists will probably never rest until
Chipotle replaces the beef in its barbacoa with seasoned tofu
or starts selling soybean-based carnitas. However, with a
pair of locations already ranking high with environmentalists
for sustainable design, the act of going solar at dozens of
units is going to score the burrito roller some serious karma
points.
Sun-based power is still something of a domestic anomaly.
Real Goods Solar (Nasdaq: RSOL), a specialist
in residential panel installations, has been a disastrous
investment since
it went public last year. The larger solar-energy plays
--
First Solar (NYSE: FSLR),
Suntech Power (NYSE: STP), and
Yingli Green Energy (NYSE: YGE) -- are
thriving in more receptive overseas markets.
Chipotle may not necessarily be a trendsetter here. There
aren't too many eateries sporting the chunky margins and high
volume to make solar-energy conversions financially feasible.
However, Chipotle has learned that good things happen to
companies that do the right thing. That's a lesson many of
its lesser rivals have yet to learn.
How important is a restaurant chain's eco-friendly
stance in deciding whether it will get your lunch business?
Check in on either side of the argument in the comment box
below.
This article was originally published as
Energy With Integrity?on
Fool.com
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