Broadwind Energy +14% on Buffett deal which signals wind power legitimacy

Broadwind Energy (BWEN +14.4%) is set to be a major beneficiary of Siemens $1B-plus power contract with MidAmerican Energy, supplying the towers for the 448 wind turbines that will equip five wind power projects in Iowa.

The move by Warren Buffett’s utility company shows how a drop in equipment costs is making renewable energy more competitive with power from fossil fuels - a boost for suppliers including BWEN, Siemens (SI), GE and Vestas (VWDRY, VWSYF), and a threat to coal miners (KOL).

MidAmerican expects to close some coal-powered plants in 2015 as the price of wind power (FAN) continues to slide, an exec says.

Comments (3)
  • Placebo Investment Advice
    , contributor
    Comments (4097) | Send Message
    The author "Logical Thought" deserves credit for bringing this little known stock to the attention of SA readers.
    17 Dec 2013, 04:09 PM Reply Like
  • ralph111
    , contributor
    Comments (267) | Send Message
    the problem is some of these privately held companies utilize eminent domain proceedings to take valuable farmland out of production plus permanently damage the landowners ability to harvest the lands bounty in an efficent manner. Consider the Rock Island Clean Line proposals being made county by county thru some of Iowas and the nation most valuable &fertile farmland.
    17 Dec 2013, 04:33 PM Reply Like
    , contributor
    Comments (2) | Send Message
    Where do I find the CEO-comment: MidAmerican expects to close some coal-powered plants in 2015?
    18 Dec 2013, 05:18 AM Reply Like
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