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Do you know when the first recorded use of a windmill was? It was first used in the 1st Century AD. Can you guess what it was used for? It was used to power an organ.

Last year, I wrote an article about the stocks of companies that are involved directly in the windmill, wind power, and wind energy business. Unfortunately, most of them were either foreign companies or pink sheet stocks or both. However, there are many companies involved in the wind energy business on a peripheral basis, such as the manufacturers of the material used in windmill blades. Here are some wind energy related stocks, all of which have market caps over $900 million.

  • American Superconductor Corporation (NASDAQ:AMSC) has an AMSC Power Systems division which markets electrical systems used in wind turbines, electronic power products that regulate wind farm voltage, proprietary wind energy system designs to wind farm manufacturers, and consulting services to the wind farm industry. The company has a market cap of $1.24 billion. This Massachusetts company has recently generated negative earnings of $0.65 per share.

  • Brookfield Asset Management (NYSE:BAM) is a Canadian-based asset management holding company which has a division that develops wind power throughout Canada, along with the operation of hydroelectric power facilities, interconnections, and transmission facilities throughout North America. The stock has a market cap of $22.4 billion. It has a P/E of 29, a PEG of 3.34 and pays a yield of 1.50%.

  • Broadwind Energy, Inc. (NASDAQ:BWEN) is a Naperville, Illinois company which manufactures wind energy products including steel fabricated towers, internal tower components, and other large fabricated components. The company has a market cap of $1.8 billion and recently generated negative earnings of $0.07 per share.

  • Clipper Windpower (OTC:CRPWF) is the British manufacturer and marketer of wind turbines, and develops wind power electrical generating projects in North and South America and Europe. The company recently generated negative earnings. Queen Elizabeth II of England has just purchased the world’s largest wind turbine from the company, which is 492 feet high, and will produce 7.5 megawatts a year.

  • Otter Tail Corp. (NASDAQ:OTTR) is an electric utility which also manufacturers and markets wind towers. The company has a P/E of 22, a PEG of 2.68 and pays a yield of 3.20%.

  • Owens Corning (NYSE:OC) produces glass fiber reinforced composite materials used in wind energy, transportation, electronics, and the marine industry. According to the company, its WindStrand™ product is longer, lighter, and less costly than other blades. It has a P/E of 43, and a PEG of 4.32.

  • Trinity Industries Inc. (NYSE:TRN) is a Dallas, Texas-based company which has an Energy Equipment division which manufactures structural wind towers. The company has a market cap of $3 billion. It has a PE of 10, a PEG of 1.08 and pays a yield of 0.80%.

  • Zoltek Companies (NASDAQ:ZOLT) is a supplier of carbon fiber for windmill blades to major wind energy companies. The company has a market cap of $959 million. It has a P/E of 145, and a PEG of 0.92.

  • Don't forget to check out the top Green Week Stocks.

    Disclosure: The author owns OTTR.

    Source: Eight Wind Energy Related Stocks