Xantrex gets a bid! Here's a Canadian wind play that just got bought by France's Schneider Electric. It has a sizable business in converting wind power into power than can be used on the grid, one of the stickier issues that has confounded the wind industry.
The deal is small, $500 million-- but it is significant because the wind plays that matter are being snapped up left and right. Plus, the 55% premium is HUGE!
I sense that everything from the wind power division of Otter Tail (OTTR Quote) to Broadwind Energy could be vulnerable to takeovers. I own Trinity (TRN Quote) because I believe that inside of Trinity is a dynamic wind business with a huge wind backlog.
Quanta Services (PWR Quote) is another profitable wind play with billions of orders to build wind farms coming its way. This one's an obvious one. ...
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