Wind energy stocks have had the breeze at their back recently and China Ming Yang Wind Power (MY) has benefited from a resurgence in the sector. The company also announced some good news yesterday in the form of an EPC contract for two wind farms with a total capacity of 125MW in Bulgaria. The deal was actually inked back in December but the announcement wasn’t made until yesterday. The first batch of wind turbines were … Read the rest
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China Ming Yang Wind Power (MY) Smashed Estimates, But Still Sinking To New Lows
China Ming Yang Wind Power (MY) just can’t please anyone. The company absolutely destroyed the analyst predictions for EPS and revenues last night, but yet the stock is sinking to another new low today. Perhaps there is more than meets the eye. The company posted an EPS of .27 which was well ahead of the analyst estimate for just .09/share and 69% above the year ago number. They beat by a wide margin on the … Read the rest
China Ming Yang Wind Power (MY) Signs MOU For More China Wind Development
China Ming Yang Wind Power (MY) has announced they have signed a memorandum of understanding to cooperate on a series of proposed wind energy projects with the provincial government of Hebei, a province in Northern China. The initial agreement provides designated land from the local government for Ming Yang to develop and there are likely financial incentives for opening up supply chains for wind power equipment and wind/solar hybrid storage solutions.
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