Alternative Energy Speculator and Green Chip Stocks and Green Chip International have already taken sizable profits from wind energy stocks, but there’s much more to come.
Yet its March 2011 half-yearly results showed the start of a recovery, with carbon fiber sales rising to $55.2 million, from $43.6 million in the six months to March 2010.
Juhl, the Leader in Community Wind Power, reported Tuesday its results for the third quarter of 2011. Revenue for the third quarter 2011 was $3,259,000 compared to $867,000 in the third quarter of 2010, or an increase of 276%. In addition, for the nine months ended September 30, 2011 , the Company posted a record $10.9 million in revenue and $2.4 million in net income. Juhl Wind also reported continued growth in its cash position due to development fees, ending the first nine months of 2011 with approximately $6 million in cash.
Many public companies involved in the development of this industry and responsible for large market share do not participate exclusively in renewable energy and have been omitted for this list, most notable of these are BP, GE Energy and Sharp. This list consists of companies whose primary produce is either renewable energy or renewable energy products and services.
The table below shows that in the first 10 months of 2011, the performances of the three new indices varied widely, with the Asia-Oceania index down 33%, while the Americas and EMEA indices were 17% and 14% down. Figure 1 shows that despite recent falls, all three indices remain above their lows of late 2008 and 2009.
Last week I was aboard the MS Deutschland cruising the Baltic Sea in northern Europe for the KCI Investment Cruise. Leaving from the German port of Travemunde
By this measure, Italy is the clear winner. Italy grew its investments in clean energy at a compound annual rate of 89% over the past five years, producing 24-fold growth over that period, and clean energy investment now accounts for 1.58% of the country’s GDP.
Now is the best time for green investors to make their bets which alternative energy stocks are going to take off in the near future and which renewable energy technologies will make fossil fuels obsolete. Will it be wind, solar or geothermal power stocks?
Both rules were designed to satisfy health and safety concerns while creating a provincial standard that replaces a patchwork of municipal bylaws. Wind turbines emit noise, and some rural residents have complained that the massive machines are disrupting sleep and making people sick.
British Energy Group Plc. (AIM:BGY.L) A FTSE 100 company, British Energy Group plc is the UK’s largest producer of electricity and the lowest carbon emitter of the major UK electricity generators. With a dedicated workforce of about 6,000 skilled professionals, we produce around one-sixth of the nation’s electricity.
What’s the cheapest source of power deep in the heart of Texas? If you answered natural gas, you’re way off. Burning gas produces over half the electricity in the Lone Star State.
As KCI energy expert Elliott Gue notes in Popping the Green Bubble, after hydroelectric power wind is far and away the most viable alternative energy source. But this leads us to wind’s second big problem: wind is intermittent and cannot be stored for future use. Electric grids require supply on demand, something wind power cannot provide when the wind is not blowing. As Mr. Gue has written:
12/05/11 – Canadian Wind Energy Association opens trading on Toronto Stock Exchange Celebrating record year of $3.5 billion invested in new Canadian wind energy installations
AeroVironment, Inc. (NASDAQ:AVAV) develops and produces Unmanned Aircraft Systems and Efficient Electric Energy Technologies that enable our customers to rewrite the rules – of engagement, productivity, efficiency and safety – to their advantage. AV is relentlessly committed to delivering and supporting innovations that help our customers succeed. AV’s small, modular wind turbine solution is designed to provide an attractive, kinetic, clean energy generating solution that integrates easily into new and existing commercial buildings. Whereas solar thermal and solar photovoltaic systems are typically located on top of roofs, out of sight, Architectural Wind provides a visible, compelling and architecturally enhancing statement of the building’s commitment to renewable energy.
In its March 2011 half-yearly accounts, the company reported that electrical power system sales (excluding inter-segment sales) rose to $105.4 million, from $92.5 million in March 2010. The company does not break down this segment into wind and non-wind sales. However, it reported that wind turbine converter sales increased as a result of increased market share, primarily in China and Germany, and an increase in demand from existing wind turbine converter customers.
13) United Technologies Corporation (UTC) – This US Giant Technology Conglomerate is still a small player in the World Wind Power Market.However it has increased its footprint by acquiring struggling independent US Wind Power company Clipper.
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Perhaps one of the easiest ways to play the growth in wind is through the turbine manufacturers. Both GE (NYSE:GE) and Vestas (OTCBB:VWDRY) are the two largest and most-efficient turbine producers, and Ming Yang Wind Power Group (NYSE:MY) offers an interesting play on China’s “low-cost” leadership in alternative energy.
Mass Megawatts Wind Power manufactures the MultiAxis Turbosystem, a wind power system that it claims enables power output at relatively low wind speeds. It is targeting sales in California.
‘On April 15, 2011, we issued in a private placement an aggregate of 121,904 shares of common stock and warrants for 2,707 shares of common stock at a per share cost of $369.14 for aggregate consideration of $44,999,643.’
The company is currently ranked 143rd in the world in the 50 Hottest Companies in Bioenergy. The rankings recognize innovation and achievement in fuels and are based on votes from a panel of invited international selectors, and votes from Biofuels Digest subscribers.
‘For future facilities, we expect to enter into agreements with partners on terms similar to those in our agreement with Mitsui and we intend to partially finance these facilities with debt. We expect to use available cash and the proceeds of this offering to fund our initial facilities, as well as our commercial expansion and product development efforts. For additional future facilities, we currently expect to fund the construction of these facilities using internal cash flow and project financing.’
IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.
So it is true that some wind companies have not been doing well. Fewer new projects are appearing. Some projects have been delayed. Intense competition in the wind turbine industry means that prices – and in some cases profits – are dropping. Yet amidst the gloom, some wind energy stocks are doing well. Here are three of them.
British Energy Group Plc. (AIM:BGY.L) A FTSE 100 company, British Energy Group plc is the UK’s largest producer of electricity and the lowest carbon emitter of the major UK electricity generators. With a dedicated workforce of about 6,000 skilled professionals, we produce around one-sixth of the nation’s electricity.
Shear Wind (SWDSF.PK, SWX.V) – Phase 1 of its 62 MW Glen Dhu Wind Farm in Nova Scotia was fully commissioned in March 2011, and the company envisages the eventual addition of a further 170 MW in capacity, over two phases. It is working to obtain regulatory approval for its 100 MW Willow Ridge project in southern Alberta. Also in the pipeline is the 120 MW Coyote Ridge project in southern Alberta.
