A-Power Energy (APWR) announced today that its signed a contract with China National Automation Control System Corp for the sale of five 2.7 MW wind turbines with delivery to occur later this year for use in wind farm projects in the Gansu province and Inner Mongolia Autonomous region. These are the first wind turbines produced at A-Power’s new production facility in Shenyang, China which is designed with annual capacity of 300 of the 2.7MW wind … Read the rest
Category Archives: Wind Energy
Upgrades: Otter Tail (OTTR) & VeraSun Energy (VSE)
2 upgrades to tell you about this morning – Citi upgraded VeraSun (VSE) from Sell to Hold but lowered the price target from 3 to 1.85, saying “The difficulties in 3Q08 are primarily related to the company’s corn hedging activities as VeraSun chose to lock in significant quantities of corn back in July when the corn market was reaching its peak. Consequently, as corn prices quickly reversed course VeraSun generated large losses on its corn … Read the rest
Otter Tail (OTTR) Plunges Again After Pricing Secondary
Otter Tail (OTTR) is plunging further below the 200 day moving average today and trading around $30/share after pricing its secondary offering. Bill Gates, a big holder of the stock is taking it on the chin again.. proving he’s no Warren Buffet. Gates also took a big hit in Pacific Ethanol (PEIX). … Read the rest
Otter Tail Corporation (OTTR) Announces Public Offering Of Common Stock
Otter Tail Corporation announced today that is offering 5,000,000 shares of common stock to the public in order to finance the expansion of existing wind farms and the construction of a new wind farm. The proceeds from the offering will provide the company with funds for the construction of the Ashtabula Wind Center in North Dakota and the expansion of existing facilities in Oklahoma and North Dakota.
The company also updated its expected earnings per … Read the rest
AeroVironment (AVAV) Posted Better Than Expected Results
AeroVironment (AVAV), the maker of those rooftop wind turbines, posted earnings results 4 cents better than expectations at .22/share (22% growth over year ago quarter) and revenues nearly 4 million ahead of expectations at 53.6 million (9% growth over year ago quarter). The company reaffirmed fiscal 09 guidance of 20 – 25% sales growth.… Read the rest
Duke Energy (DUK) Expands Wind Energy Biz
Duke Energy (DUK) has signed a long term 20 year agreement to sell 99 MW (a single megawatt powers about 200 – 300 homes) from its new Wyoming wind farm to PacifiCorp. Duke will begin building the wind farm early next year which will contain 66 wind turbines generating energy by late 09. The output will serve customers in Wyoming, Utah, Idaho, Oregon, Washington and California.
Duke has also agreed to purchase 100 turbines from … Read the rest
American Superconductor Corporation (AMSC) Launches PowerModule PM3000W Converter for Wind Power
American Superconductor Corporation announced the launch of its new PowerModule PM3000W Converter for wind turbines at the HUSUM WindEnergy 2008 industry conference. The new conductor is a breakthrough because it is easily customizable, and can be used in wind turbines with a wide range of generating capacity, from 750 KW to 6 MW. The company advised that it has already received orders for more than 3,300 PM3000W converters from customers, including prominent wind companies from … Read the rest
IPO FILING: First Wind Holdings (WNDY)
Check out this new initial public offering from First Wind Holdings Inc. First Wind has applied to take the ticker WNDY on the NASDAQ. As per the company name, the company is involved in wind energy.
For filing purposes it has listed the amount of $450 Million as the amount in shares that it intends to offer. Underwriters are listed as Credit Suisse, Goldman Sachs, and JPMorgan.
Tradingmarkets.com reports that First Wind Holdings revealed … Read the rest
American Superconductor (AMSC) Enters Power Market In Turkey
AMSC licensed its proprietary WT1650 wind turbine design to Model Enerji Ltd., Turkey’s first megawatt-class wind turbine manufacturer. Model Enerji has exclusive rights to manufacture, sell, install, operate and maintain the WT1650 in Turkey.
“Because of its vast wind resources, open terrain and industrial infrastructure, Turkey is predicted to be among the world’s fastest growing wind energy markets,” said M. Celal Keki, General Manager of Model Enerji. “Our highly experienced management team has extensive … Read the rest
Citron Research Values American Superconductor (AMSC) At $10
Citron Research (formerly StockLemon.com) is known for its in depth research and peeling away the truth behind a company’s numbers, exposing the true nature of the business or lack thereof. Today, they issued a report on American Superconductor (AMSC), calling the company an industrial commodity (who happens to supply the wind industry) rather than an alt energy play. They also bring attention to the request of the company that the SEC withhold key information from … Read the rest