This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Wind Will Win in 2010, Poll Says

NEW YORK ( TheStreet) -- Solar companies suffered through a tough 2009, but finished the year strong -- and many solar players seem poised for better performance in 2010. But while wind as an alternative technology may receive less of solar's momentum-trading frenzy, some major wind-turbine deals were announced toward the end of 2009.

The biggest recent news came courtesy of General Electric (GE - Get Report). Although GE might be under strain as a financial company, its wind-turbine affiliate had a watershed win last Thursday, pocketing a $1.4 billion contract to supply turbines for a wind farm in Oregon. That's a big deal even for a big company like GE.

Likewise, A-Power Energy Generation Systems (APWR) also recently netted a definitive agreement for a large wind-farm contract in Texas -- though it still needs many of the approvals that GE already lined up in Oregon. Still , A-Power shares have attracted the market's attention ever since the deal was reached.

Solar, on the other hand, has demonstrated its usual astronomical one-day pops and day-later plummets of late, some centered at the smaller end of the market, and in more specialized niches. Akeena Solar recently shot up 56% in one day after announcing it would be the first solar panel maker to have a do-it-yourself kit available at Lowe's (LOW).

Then there's LDK Solar (LDK), which tanked on Thursday and Friday of last week after its poor balance sheet and need to pay off debt let to a secondary equity offering that the market responded to by dumping LDK shares.

Then there's the biofuel arena, which is anyone's guess -- though the U.S. Department of Energy did just launch a huge funding program for the development of biofuels, in a move the government considers the most important step it has taken to developing a commercial biofuels market.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
LDK $0.00 0.00%
GE $30.04 0.50%
AAPL $92.11 -1.20%
FB $118.54 0.62%
GOOG $705.13 0.53%


Chart of I:DJI
DOW 17,637.29 -23.42 -0.13%
S&P 500 2,046.02 -4.61 -0.22%
NASDAQ 4,697.1260 -19.9680 -0.42%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs