Wind Stocks to Watch: (OTCBB: JUHL), (NYSE:MY), (TSX.V: CTW), (NasdaqGS: AMSC)
Point Roberts, WA - November 17, 2011 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in renewable energy stock research, releases a trading and news alert for small and large cap wind stocks, Juhl Wind Inc. (OTCBB: JUHL), China Ming Yang Wind Power Group (NYSE: MY), Catch the Wind Ltd. (TSX-V: CTW.V) and American Superconductor (NasdaqGS: AMSC).
OTCBB: JUHL) Reports Third Quarter 2011 Financial Results, Revenue Up 276%
Nine Months Revenue Increases over 245% from 2010, Company Holds Over $6 Million in Cash
Juhl, the Leader in Community Wind Power, reported Tuesday its results for the third quarter of 2011. Revenue for the third quarter 2011 was $3,259,000 compared to $867,000 in the third quarter of 2010, or an increase of 276%. In addition, for the nine months ended September 30, 2011 , the Company posted a record $10.9 million in revenue and $2.4 million in net income. Juhl Wind also reported continued growth in its cash position due to development fees, ending the first nine months of 2011 with approximately $6 million in cash.
Juhl Wind's stock closed up 5% at $0.63 in Wednesday's trading session following Tuesday's news.
American Superconductor (NasdaqGS: AMSC) was featured in commentary today, "5 Small Stocks With Home-Run Potential "at TheStreet. The stock is trading at $4.28, up 0.24 (5.94%) 12:15PM EST.
China Ming Yang Wind Power Group (NYSE: MY ), a leading wind turbine manufacturer in China , today announced that it has signed a strategic cooperation agreement with Guangdong Yudean Group Co., Ltd. ("Yudean") to foster off-shore wind power development in Guangdong province and to localize the production of multi-megawatt wind turbine generators ("WTG"). Yudean is the largest power generation company in Guangdong province.
According to the strategic cooperation agreement, Ming Yang will supply its 3MW, 5MW and 6MW Super Compact Drive ("SCD") WTGs to Yudean's off-shore wind power technology demonstration project in Xuwen, Zhanjiang. The demonstration project is expected to have a total power output of 200MW, and is located on the eastern coastal areas of Xinliao Island, Xuwen, Zhanjiang. Testing and evaluation for the off-shore wind resources and site selection have already been conducted.
Catch the Wind Ltd. (TSX-V: CTW.V), providers of laser-based wind sensor products and technology, announced yesterday that it will hold a conference call to discuss its third quarter results for 2011 on Tuesday, November 29, 2011 at 10:00 a.m. ET. In compliance with disclosure requirements for TSX Venture Exchange issuers, the Company will report its financial results on November 28, 2011 after market close. The stock is trading up 24% today on light volume.
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