US Wind Energy Market to Grow 30% Per Year
Submitted by: John Warner on Dec 19, 2007 at 11:24 am
Tagged with: Alternative Energy, Wind Energy
Source: Deutsche Bank
CASPER, Wyo., Dec. 18 /PRNewswire/ -- Analysts at Deutsche Bank say the US wind energy market is expected to grow 30% per year until 2015 -- and the US, India & China, have overtaken Europe to become the three fastest growing wind power generation markets worldwide.
In a research report released December 5th, 2007, Deutsche Bank's analysts say wind energy industry is growing more attractive as an investment option. The report indicated that both entry-level investments and takeover activity are evidence of a greater interest being taken by traditional energy companies in wind energy -- and a new wave of wind power industry consolidation could be beginning.
Deutsche Bank issued a "buy" rating on General Electric with a new target price of $44. GE Energy is one of the world's largest wind turbine manufacturers. Analysts at Wachovia Securities upgraded Florida Power & Light , one of nation's largest operators of wind power generation facilities to "outperform." Investology initiated coverage of Nacel Energy , a Wyoming based community wind energy developer, with a "positive" rating.
In a research report released this week, the analysts concluded Nacel Energy has an attractive valuation compared to its industry peers.
A Before the Bell TM renewable energy update.
| Organizations | GE Energy |
|---|---|
| Source | Deutsche Bank |
| Submitter | John Warner |
| Tags | Alternative Energy, Wind Energy |
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