Dec. 17, 2013, 3:24 PM
- 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.
Jan. 10, 2013, 2:18 PMShares of China Ming Yang Wind Power (MY +35.2%) soar as China reportedly plans to double its 2013 wind power capacity from last year and is aiming for 10 GW of installed power, up from 7 GW at year-end 2012. Also: BWEN +3.8%, FAN +2.9%, OPTT +1.4%, TRN +0.3%, MTZ +0.2%, KDN +0.1%. | Jan. 10, 2013, 2:18 PM
Aug. 7, 2012, 1:11 PM
First Solar (FSLR +6%) jumps after the White House announces it will expedite seven solar and wind projects, including First Solar's Silver State South Nevada project. Wind turbine component maker American Superconductor (AMSC +7.6%) is also among the day's big winners. FSLR is now up 36% since it delivered a huge Q2 beat, but remains down sharply on the year.| Aug. 7, 2012, 1:11 PM | 6 Comments
Jan. 2, 2012, 7:40 AM
Owners (or prospective owners) of beleaguered solar energy companies, it might be time to prepare for more of this action in 2012: China's LDK Solar (LDK) offers to buy Germany's Sunways for €1.90/share, a near 30% premium to Friday's close. Sunways lost 63% in 2011, weighed down like most by production overcapacity coming out of Asia.| Jan. 2, 2012, 7:40 AM | 2 Comments
May 31, 2011, 2:42 PMSiemens (SI +4.1%), a major manufacturer of wind turbines, stands to benefit from Germany's plan to discontinue the use of all nuclear energy by 2022. Solar power (TAN +5.1%), wind energy (FAN +3.2%), global clean energy (PBD +3%) are among the day's top sectors; uranium (URA -4.6%), nuclear energy (NLR -1%) by far the worst. (also) | May 31, 2011, 2:42 PM | 4 Comments
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