SAN DIEGO, Feb. 3, 2011 /PRNewswire/ -- The following is
being issued by RW Towt & Associates, a member of the Financial
Industry Regulatory Authority, CRD number 128837:
The U.S. Wind Power industry appears to be entering a phase of
sustained recovery after a subdued 2010. Today, in only the
second month of the new year, more wind parks are under
construction than in all of 2010 – 5.6 GW of additional capacity –
equivalent to about 3000 new wind turbines.
Electricity generated by wind is cost-competitive with natural
gas now, according to Elizabeth
Salerno, the director of industry data and analysis for the
American Wind Energy Association.
"We expect that utilities will move to lock in more wind
contracts, given the cost-competitive nature of wind in today's
market," Ms. Salerno stated.
Wind energy stocks took an average 37% haircut in 2010,
according to Bloomberg New Energy Finance. But, with a
recovery well underway, bargain hunting investors have shown
renewed interest in the sector – and the improved performance has
exceeded expectations.
Exchange traded funds trading on the NYSE, such as PowerShares
WilderHill Clean Energy Portfolio (NYSE: PBW) and PowerShares
Global Wind Energy Portfolio (NYSE: PWND) are performing well.
Even micro-cap wind companies such as Nacel Energy (OTC Bulletin
Board: NCEN) and Crownbutte Wind Power (OTC Bulletin Board: CBWP)
are showing new signs of life. After dropping to historical lows
late in 2010, both stocks are trading up this year and the
companies recently announced they were combining some
operations.
More traditional ways to participate in the growth of the wind
sector include turbine suppliers like GE (NYSE: GE) and carbon
fibre maker (used in turbine blades) Zoltek (Nasdaq: ZOLT).
For important disclosures and further information follow this
link www.rwtowt-btb.com/windpower
SOURCE RW Towt & Associates
