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
Category Archives: Wind Energy
Zoltek (ZOLT) Reports Big Profit Surge, Shares On The Up & Up
Zoltek (ZOLT) has been one of the best green stock performers in recent months nearly doubling in price and it’s going to pop again tomorrow as the company reported a big surge in profit. The company posted a profit of .28/share on revenues of $47 million vs the analyst estimates for .05 in EPS on revenues of $46 million. That’s a huge improvement over the year ago quarter when the company posted a loss … Read the rest
Broadwind Energy (BWEN) Spiking Off 50DMA On News Of $23 Million Wind Tower Order
The technical action in shares of Broadwind Energy (BWEN) has been much improved in recent months and it appears the stock is in the process of another leg up after the company announced a $23 million order it received in Q4. Shares had been consolidating, but are breaking out of consolidation off key support of the 50 day moving average with heavy volume today.
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The company … Read the rest
China Ming Yang Wind (MY) Misses On EPS
China Ming Yang Wind (MY) is reporting earnings results this morning that missed analyst estimates on the EPS side, but slightly ahead on the revenue side. The company reported an EPS of .13/share (vs estimates for .16/share) on revenues of $299 million (vs estimates for $297 million).
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Here are highlights of comments made by CEO Chuanwei Zhang:
– 28% year over year growth in … Read the rest
China Ming Yang Wind Power (MY) Misses Badly, But Bounce Coming?
It’s been a mighty rough go for any stock related to wind energy and China Ming Yang (MY) is no exception as the stock continues to drift lower and lower. It’s latest earnings report isn’t providing any help. The company, while profitable, missed analyst estimates by a wide margin reporting an EPS of .10/share (vs estimate for .20) on revenue of $217 million (vs estimate of $240 million. The more than two year streak of … Read the rest
Maxwell Technologies (MXWL) Beats, Shares Soar; Remains A Top Green Stocks Pick
Maxwell Technologies (MXWL) is having a great day today with a more than 15% surge after the company beat analyst estimates, posting robust quarter over quarter growth in the process. The company reported an EPS of .06 on revenues of $38.5 million vs the analyst estimate for .01 in EPS on revenue of $37 million. The company continues to experience rapid growth and that continued with quarter over quarter EPS and revenue growth of … Read the rest
Good Night A-Power Energy (APWR)
Perhaps last night’s news of an auditor resignation and another filing delay is the nail in the coffin for APWR at least for a very long time. APWR warned in April that a delay was coming, but the resignation of the auditor comes as a surprise. I began been bashing the management of this company last year (much to the chagrin of one APWR pumper) for showing a consistent lack of credibility and it’s no … Read the rest
Jim Chanos At It Again, Bashing Green Energy: First Solar (FSLR) & Vestas Wind Systems (VWSYF)
Jim Chanos has been increasingly vocal about his bearishness on green energy, particularly solar. In April he was quite vocal about his short interest and the issues at First Solar (FSLR). According to the WSJ, he also highlighted Vestas Wind Systems (VWSYF) as a company that could go much lower. Both stocks continued lower today with First Solar taking out another key support area around the $120 level.
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American Superconductor (AMSC) CEO Steps Aside Amidst Turmoil
American Superconductor (AMSC) CEO Greg Yurek was planning to retire for several months according to the company, but the recent lack of transparency, pending lawsuits and a plummeting stock price has no doubt led to a bit earlier than expected retirement for CEO and founder Greg Yurek. Current President and COO Daniel McGahn will take over as CEO while Yurek will continue to serve as Chairman of the Board for a few more months, then … Read the rest
Broadwind Energy (BWEN) Wins $1.37 Million Contract From DOE
Shares of Broadwind Energy (BWEN) are spiking today on news the DOE has awarded the company a $1.37 million contract for the design and construction of a 5.8MW wind turbine gearbox for a new dynamometer at its National Wind Technology Center. The facility provides the wind energy industry with customized testing with the dynamometer allowing companies to verify the performance and reliability of wind turbine drivetrain prototypes.
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