First Trust ISE Global Wind Energy Index ETF (FAN) - NYSEARCA
  • 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.
    | Dec. 17, 2013, 3:24 PM | 3 Comments
  • Jan. 10, 2013, 2:18 PM
    Shares 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 PM
    Siemens (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
FAN Description
First Trust ISE Global Wind Energy Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index called the ISE Global Wind Energy Index. This exchange-traded fund seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of the ISE Global Wind Energy Index.
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Sector: Technology
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