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Wind Industry Snapshot: FPL Group

The markets don't have clarity, he said, adding that he believes they will be on firmer ground after the election next week.

Still, while there may be a tightening of capital for these projects, the projects in the field have not been decimated in any way, he added.

"You have a clear investment and return based on the cost of electricity," he said. "Mid- and long-term, clean energy has a number of very favorable foundations that in fact has prompted more people to start looking at these opportunities," he said.

The FPL news came out as part of the company's third-quarter earnings, which missed expectations.

The company's net income grew 45.2 percent to $774 million, or $1.92 per share, from $533 million, or $1.33 per share, in the year-ago quarter. Excluding one-time items, the per-share earnings came to $1.25 per share. Analysts expected $1.35 per share, according to Bloomberg.

Shares of the company fell 5.8 percent to $40.68 per share Monday.

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SYM TRADE IT LAST %CHG
BP $42.50 -0.93%
WR $36.58 -0.03%
FPL $17.49 1.20%
AAPL $132.54 0.88%
FB $80.58 0.12%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

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