The Wind Beneath Trinity's Wings 8 comments
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I have been looking for an alternative energy stock that looks promising for the future. Renewable resources such as solar and wind are investments that we can feel good about.
Recently, I have been intrigued with wind power. Wind power is the cheapest form of renewable energy. It is significantly cheaper for a utility company to build a wind plant than a solar plant. Although natural gas and coal plants are cheaper to build, they are not renewable sources of energy. Now and in the future, I think that utility companies will be pressured through laws and/or subsidies to produce more renewable energy such as wind power.

One company that looks promising in the wind space is Trinity (TRN). Trinity makes the wind towers used to generate power. They have a $1.6 billion backlog for their wind towers. Trinity's revenue from wind has grown 70% in the past 12 months. Their stock is trading around $34 a share with a PEG of .91 and a PE of 10.20, which looks like an attractive valuation.
We've seen how bright the solar stocks can shine. Now I believe it is time to watch the wind stocks take off and fly.
Disclosure: Author has a long position in TRN
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This article has 8 comments:
Composite Technology (CPTC.OB) is a start-up wind turbine builder. As is AAER (AAE.V). If you are interested in speculative stocks, I think AAER is going to have a huge year.
I ask because I find picking winners among solar stocks to be exceedingly difficult, and assume the same would be true of wind energy stocks...thus I prefer ETFs.
Trinity is a vastly diversified company. For long term investors seeking a stable play in the rail, highway, shipping, and environmental wind power TRN does all and supplies a nice dividend. Trinity's position in renewable energy is only one of many great offerings by this company.