Ming Yang Wind Power Group (NYSE:MY) is the only Chinese wind turbine producer to be listed in the American stock market. The stock offers one of the few ways to invest in wind energy, as the US does not have large wind pure play companies in the wind energy industry (General Electric (NYSE:GE) is a conglomerate). The company has seen a sharp erosion in its stock price as massive overcapacity in wind turbines has led to huge losses for the entire industry. Even the largest wind turbine companies such as Vestas, Gamesa, Sinovel, etc., have been making losses in the last few years due to the sharply falling ASPs. Ming Yang too has been affected by...
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