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

Juhl Wind, Inc. Reports Continued Strong Results For Its Second Quarter Ended June 30, 2011

WOODSTOCK, Minn., Aug. 16, 2011 /PRNewswire/ -- Juhl Wind Inc. (OTCBB: JUHL, the "Company"), the Leader in Community Wind Power, today announced its results for the second quarter of 2011 – wrapping up the first six months of 2011 with over $7.5 million in revenue and its first positive operating income for the first half of any given operating year since becoming a public company.  Juhl Wind also reported continued growth in its cash position due to development fees, ending the first six months of 2011 with over $5 million in cash.  

"We are obviously, very pleased to file our 10Q for the second quarter of 2011 where we continued to build upon our success from the first quarter, again delivering strong financial results," stated Dan Juhl, Chairman and CEO of Juhl Wind Inc.  "As we have been reporting to the market, the first half of this year saw us wrapping up construction on key wind farms as well as pulling together the permanent, take-out financing on others.  These efforts produced over $7.5 million in revenue for the six months and brought in a net $3.6 million in cash within the six months followed by another $1.25 million in August.  As a result, today we ended the quarter with over $5 million in cash on our balance sheet.  All in all, we are very proud of those results."  

"We believe that our financial performance in the first half of 2011 continues to underscore just how much our team has accomplished in the past couple of years, with the successful ongoing development and construction of seven wind farm projects," added John Mitola, President of Juhl Wind Inc.  "With over $5.7 million in cash on our balance sheet as of today's press release, we know we enjoy one of the most solid balance sheets in the wind industry amongst independent developers, owners and operators.  This cash puts us in a position of strength to implement the growth initiatives we laid out in our first quarter outlook conference call."

"We plan to use our balance sheet strength to push forward on new wind farm projects along with those already in our pipeline," continued Mitola.  "While we have seen the value of our development business in the first half of this year, we also plan to continue to build our residual, steady revenue generating businesses through additional acquisitions of existing wind farms, like Woodstock Hills, growing our wind farm operations and maintenance business and growing our consulting services operation.  We have shown results in this area already with our acquisition of the existing Woodstock Hills, 10MW wind farm and with our planned acquisition of a medium sized, engineering consulting business.  We plan to pursue important steps within these areas through the remainder of 2011."

1 of 3

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
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs