Canadian utility Trans-Alta announced that their Kent Hills Wind Farm is now up and running. The wind farm will generate up to 96 megawatts of electricity for TransAlta customers, and can be expanded in the future to produce an additional 54 MW. This brings TransAlta’s wind power capacity to a grand total of 248 MW.
Hopefully, this will boost TransAlta’s stock somewhat. Upstreamonline.com notes that
… Read the restTransAlta shares fell 9 Canadian cents to C$25.16 on the
Within the past week, Vestas Wind Systems has received several large orders for its wind turbines from Chinese companies. First, the company announced that it had received an order from China Guangdong Nuclear Wind Power. Vesta has supplied China Guangdong Nuclear Wind Power with wind turbines in the past. This time, the company ordered 116 turbines, capable of producing 100 MW of wind power. Including this order, Vestas will deliver 500MW worth of wind turbines … Read the rest
A-Power Energy (APWR) is once again testing all time lows after taking a 25% hit today on news the company has dramatically lowered 4th quarter guidance from the previous estimate of $158 million in revenue and $15.5 million in profit to $76 million in revenue and just $5 million in profit due to postponed contracts.
Jinxiang Lu, APWR CEO, commented, “Due to the unusual current macro economic conditions, a few of our key potential contracts, … Read the rest
With the Obama administration just weeks away from move in day, there are quite a few articles out there being written about ways to play the coming infrastructure and green energy boom. Much has been made of Obama’s plan to decrease our dependence on foreign oil and to a lesser degree, plans to spend big on infrastructure. Certainly infrastructure and green energy will be two big themes over the next 4 years and possibly beyond, … Read the rest
Zoltek (ZOLT), provider of carbon materials that go into the manufacturing of wind turbines reported results this morning that beat analyst estimates by .02/share when excluding a one time legal fee charge. The company reported earnings of .22/share (10% below the year ago quarter) on revenues of 51 million, which was good for a 17% increase over the year ago quarter.
CEO Zsolt Rumy stated, “The fundamentals of alternative energy generally — and wind energy … Read the rest
Walmart has announced a partnership with Duke Energy which will supply wind power for about 15% of the energy load in 360 of its stores and facilities in Texas. Walmart, who has a lofty ambition of using only renewable energies in the future will pay traditional energy rates for the wind power which will come from a new wind farm under construction in Notrees, Texas beginning in April of next year.… Read the rest
Just months ago, the Pickens Plan was all the rage as oil soared to the stratosphere and the credit crisis was just beginning to unravel in a big way. T Boone Pickens had grand plans of a wind farm filled with $2 billion in wind turbines courtesy of General Electric (GE). Now those plans seem to be on hold but delivery isn’t expected until 2010.
The NY Times is reporting that Pickens told reporters at … Read the rest
Tom Konrad of AltEnergyStocks.com is out with an article this morning on the wind industry, highlighting reasons to be bullish despite a tight credit market.
His top 3 are:
– both Presidential candidates are calling for the cap n trade system
– the Production Tax Credit (PTC) was extended (I’ll add to this – this is only a one year extension but an Obama victory would likely expand this kind of government subsidy for renewable … Read the rest
I reported yesterday that Kaydon (KDN), the maker of specialty ball bearings for the wind market reported so so results but that much of the negativity had most likely already been built in. Apparently, Deutsche Bank feels the same way and upgraded the stock from Hold to Buy this morning, saying:
“Cyclical risk appears adequately discounted. Plenty of free options. While we dislike the inherent cyclicality of Bearings markets as we enter what appears to … Read the rest
Kaydon Corp (KDN), the maker of specialty ball bearings for wind turbines reported less than stellar results this morning but managed to hold up reasonably well today, off less than 1%. Undoubtedly, much of the negativity has already been priced into the stock which is down more than 50% in a month. The company reported Q3 EPS of .50/share, .11 below analyst estimates while revenue was about 9 million below consensus estimates at 126.8 million.… Read the rest