Indie Research
China Goes Where the Wind Blows
Tuesday November 17, 2:55 pm ET
By the tickerspy.com Staff

Chinese wind turbine company A-Power Energy Generation Systems (NASDAQ: APWR - News) soared higher on Tuesday after announcing plans for an American expansion.

A-Power announced late yesterday evening that it signed a cooperation agreement with U.S. Renewable Energy Group (US-REG) to construct a production facility in the United States. Products build on U.S. turf will be used to capture market share in North and South America. A-Power director and COO John Lin said, "A-Power sees great opportunities in renewable energy in America and this state-of-the-art facility will be our first major step towards bringing clean, renewable energy to the world's largest wind power country." In October the company was the designated turbine supplier for a $1.5 billion, 600MW Texas wind farm.

As of this writing, the the Wind Energy Stocks Index is ahead fractionally on the day. It is currently lagging the S&P 500 by -2% over the last month.

American Superconductor Corporation (NASDAQ: AMSC - News) is slipping by less than -1% today after announcing a $10 million follow-on order from China's CSR Zhuzhou Electric Locomotive Research Institute. CSR-ZELRI will purchase electrical components for use in wind turbines made by AMSC subsidiary AMSC Windtec.

Broadwind Energy (NASDAQ: BWEN - News) and A-Power are the sector's top performers over the last five sessions, both up by more than 15%. Meanwhile, multi-billion dollar players Quanta Services (NYSE: PWR - News) and Owens Corning (NYSE: OC - News) are among laggards, down by -2% and -1% respectively for the period.

T. Boone Pickens still didn't hold any U.S.-listed wind energy stocks among his BP Capital Management hedge fund's top-15 U.S.-listed equity positions at the end of Q3. The billionaire oil tycoon turned wind energy proponent decided to add new stakes in domestic oil and gas companies Hess (NYSE: HES - News), SandRidge Energy (NYSE: SD - News), and McMoRan Exploration (NYSE: MMP - News) in lieu of alternative energy plays.

As of this writing, the Wind Energy Stocks Index is one of the top-65 performing tickerspy Indexes over the last week, up by 3%.

Fun and informative, tickerspy.com is a free investing website where you can track multiple stock portfolios and compare against 250 proprietary Indexes tracking themes from stem cells to green energy to precious metals. Best of all, tickerspy.com lets you spy on the portfolios of nearly 3,000 Wall Street institutions and hedge funds and see graphs of their performance. Try tickerspy.com today and find out how you stack up against investing legends like Warren Buffett!



Mail to Friend Email Story
Alerts Set News Alert
Printer
Version  Print Story