All You Need to Know About Wind Energy - TheStreet

Updated from August 11.

According to the U.S. Department of Energy, up to 20% of the country's energy supply could be generated by wind power by 2030.

In May,

T. Boone Pickens' Mesa Power ordered 667 wind turbines

from

GE

(GE) - Get Report

as part of its plans for a giant wind farm in Texas.

That same month,

Jim Cramer wrote

on

TheStreet.com:

"Sanford Bernstein put out a fabulous report today

May 15 about alternative energy that waxed wonderfully about wind and a little less wonderfully about solar. The latter isn't as loved, because the average selling price of solar is too high vs. the dirty competition."

On July 17,

The Dallas Morning News

reported that the Texas Public Utility Commission authorized $4.93 billion of new wind power transmission lines, solidifying the state's position as the country's largest generator of wind power.

Five days later, at a hearing of the U.S. Senate Homeland Security and Governmental Affairs Committee, Pickens testified that the county needs to reduce its demand for foreign oil and ramp-up its own clean and renewable energy infrastructure, particularly wind.

Tuesday, at the National Clean Energy Summit in Las Vegas, New York Mayor Michael Bloomberg proposed his plan to make New York City a leader in clean power production -- again, the focus was on wind.

So how much do you really know about wind energy?

The following are key insights from

TheStreet.com

on the potential opportunities and risks in wind energy investing.

China Watch: A-Power's a Sparkler (Video, Aug. 11)

Larsen Kusick of the

Breakout Stocks

portfolio sheds light on

A-Power

( APWR), a company entering the wind-power industry in China, and explains how to play it.

To watch the video, click the player below:

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From

Cramer: Wind Power in the M&A Spotlight

(Jul. 28):

Xantrex

Toronto Stock Exchange ticker: XTX gets a bid! Here's a Canadian wind play that just got bought by France's

Schneider Electric

... it is significant because the wind plays that matter are being snapped up left and right.

This wind story is a 2009 story in terms of earnings, but it is a takeover and consolidation story right now.

Read the full article.

From

Cramer: Xantrex Will Blow You Away

(Video):

Jim Cramer:

"I think that what's most interesting, is they're

Schneider Electric buying

Xantrex for the wind exchangers... One of the things that's really difficult about wind... there's absolutely no interface for most states between wind turbines and the power grid... because the states have been reluctant to make a bet on wind. I think Boone Pickens is going to change that, and these inverters could be in a lot of different windmills. So this was a very smart acquisition...

Broadwind Energy

(BWEN) - Get Report

has now become more seasonal... no near term catalyst, but I believe if Schneider bought this XTX, they're going to buy Broadwind."

To watch the video, click the player below:

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From

Cramer's 'Mad Money' Recap for July 31

:

"Wind and solar stocks are transcending the weakness in oil," said Cramer, indicating that the strength in these sectors is genuine, and will continue even if oil hits his ultimate target of below $120 a barrel.

Read the full article.

Plus, don't miss

All You Need to Know About Oil

.

Cramer: Give Your Portfolio Wind Power (Video, Jul. 17):

Jim Cramer reviews his "wind-ex" stocks.

To watch the video, click the player below:

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From

Cramer's 'Mad Money' Recap: Inherit the Wind Stock

:

To help illustrate the many great companies involved in the wind power business, Cramer built a windmill from scratch, piece by piece, to show which companies make each component.

First, Cramer featured the wind tower business that makes the support structures for windmills. Here, he reiterated...

Otter Tail

(OTTR) - Get Report

as

one of the best stocks to own.

Finally, Cramer said...

MasTec

(MTZ) - Get Report

is one of the best companies for the wind power infrastructure needed to bring power from the mill to the grid.

Read the full article.

New Wind-Energy ETF Blows Into Town (Video, Jun. 29)

High oil prices have investors turning to wind-energy stocks. Robert Carey, chief investment officer at First Trust, says the new exchange-traded fund -- ticker FAN

(FAN) - Get Report

-- is the safest way to play the emerging sector.

To watch the video, click the player below:

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From

Cramer's 'Mad Money' Recap: Wade In with Kaydon

:

Cramer explained that while

Kaydon

(KDN)

is best known for its industrial bearing business that mainly serves heavy industry as well as the aerospace and defense markets, the company is also the market leader in low-friction wind turbine bearings.

Wind power currently only accounts for 8% of Kaydon's sales, but is 50% of the company's current backlog. According to Cramer, wind power should account for 20% of the company's sales by 2009 and is expected to triple by 2010.

Read the full article.

From

Cramer's 'Mad Money Recap': Stocks That Can Take a Hit

:

Cramer called

Thomas & Betts

( TNB) another "stealth" wind power stock that investors need to consider.

"Everything that wind touches is getting bigger," said Cramer who noted the management of Thomas & Betts is doing little to promote this small, but growing, portion of their business. Cramer said the company has also been selling unprofitable product lines and concentrating their efforts on its core competencies.

While Thomas & Betts reported lackluster earnings on April 30, Cramer noted the company said most of its sales will be during the latter half of the year. He also said the company's international exposure, which now stands at 40% of sales, is up from just 30% a year ago.

Read the full article.

Cramer: Wind Stocks Are Towers of Power (Video, May 7)

A lack of supply for towers has the wind sector on fire, says Cramer. A pure (but speculative) play:

Broadwind Energy

(BWEN) - Get Report

. Cramer thinks "this can be a gigantic, gigantic company."

To watch the video, click the player below:

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Plus, don't miss

Cramer: Broadwind's the Weather Vane of Wind Sector

and

Cramer: Buy Nat Gas Now, Wind in '09

on

TheStreet.com TV.

From

Cramer's 'Mad Money Recap': Woodward Governor's Big Wind Power Play

:

Cramer called

Woodward Governor

( WGOV) a forward thinker that now estimates its wind power business to be worth $100 million by the end of fiscal 2008, compared to the consensus estimates of only $60 million.

To bolster its wind power business, Woodward recently added its first Chinese turbine manufacturer and is building a new factory in Colorado. He said the company's wind power business is growing at a staggering 150% a year, far more than any "high-tech" company can deliver.

Read the full article.

From

Woodward Builds Power Behind the Scenes

:

Woodward Governor posted another stellar quarter last night

Jul. 21.

Woodward Governor earned 47 cents a share in its fiscal third quarter and beat consensus estimates of 43 cents (a 9.3% upside beat). Sales grew rose 23% year over year to $329 million, vs. the $308 million consensus (a 6.8% upside beat).

Even better, management issued upside guidance for fiscal 2008. It now sees revenue growth of roughly 20%, up from 14% to 16%, and $1.75 in earnings, up from the previous guidance of $1.61 to $1.66.

The company's business is divided into three segments: turbine systems, engine systems and electrical power systems. It is a front-and-center supplier to the drive for more efficient and cleaner energy systems.

On yesterday's conference call, Tom Gendron, president and CEO, discussed industrial turbine demand, saying, "Emission regulations, growing global energy demands and newer projects such as coal gasification all should provide opportunities for Woodward."

Favorable Winds

Also, Woodward Governor is a stealth play on wind power. In October 2006, it acquired SEG, a German designer and manufacturer of wind power generation products. Although the wind business is still a small fraction of overall revenue, it is growing rapidly. The company has guided to slightly higher than $100 million in revenue for the year (about 9% of total revenue).

Gendron says, "Demand for wind turbines continues to grow at a remarkable rate." The CFO adds, "Again this quarter, wind power sales were very strong."

Read the full article.

From

Cramer's 'Mad Money Recap': Emerson's New Tech Look

:

Cramer proclaimed that 2009 will be the year of wind power and recommended

Owens Corning

(OC) - Get Report

as his favorite wind power stock.

Cramer said that Owens Corning, often thought of as just a supplier of insulation, is transforming itself into a great global manufacturer of alternative energy components. The company now has a glass-fiber composites business that accounts for 33% of its sales.

Cramer said the glass composites business combines glass fibers with other materials to make incredibly strong and flexible substances for wind turbines, among other applications.

Read the full article.

From

Jim Cramer's 'Stop Trading!': Win With Wind

:

Cramer said that the U.S. is facing a shortage of supply of windmills. "Everybody who's involved in making them, it's a win still," Cramer said. He recommended

Quanta Services

(PWR) - Get Report

and

Trinity Industries

(TRN) - Get Report

as plays on his thesis.

Read the full article.

Cramer: Quanta Is a Wind-Win (Video, Jul. 23)

Cramer dives into his favorite wind plays in light of the recent drop in energy prices.

To watch the video, click the player below:

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Plus, don't miss

Cramer: Trinity Is the Wind Play

on

TheStreet.com TV.

From

Cramer's 'Mad Money Recap': America's New Tech Stars

:

Cramer welcomed Dan Batrack, chairman and CEO of alternative energy supplier

Tetra Tech

(TTEK) - Get Report

, to the show to discuss what he called the company's "breakout quarter."

Batrack said that his company had a very strong quarter, with net income up 30%, revenue up 35% and the company's backlog up 40%. He credited the company's growth to strong demand for wind power.

Batrack believes the U.S. wind power market is growing faster than the consensus forecast of 25% growth. He said his company has booked over $170 million worth of orders for wind products in the past 90 days.

Read the full article.

To stay up to date on wind and other industries within the energy sector, visit

TheStreet.com's

Energy/Commodities section

.

This article was written by a staff member of TheStreet.com.