You seem to be a professional investor, you have many posts. At the moment the market is bombed out and the small caps that were larger caps have left a lot of people sorry and very sore. They will be slow to come back in but there will be a new generation of value hunters. When others are fearful its time to geedy and when others are greedy its time to be ............
Wind energy iscoming of age but will take a little more time. When we will see electric cars and other vehicles on the roads, stocks like this will not be bought for love nor money. Long term trend will be one way but there will be retrenchment as those who are profit takers exit. There will be opportunity here and sudden movements upwards cannot be ruled out as is the case with doenward movements however the trend will be one way
Now the profit takers have gone this will steady up again. the sentiment towards the renewable energy sector and in particular wind is good at the moment and I think cwp will benefit from this. Big jumps will be followd be falls and retrenchment but the trend will be one way.
Made announcements that made other banks look like clowns, (i.e. incesed dividends) $4.3bn loan write downs announced, management gone and may not be on best terms with the government. Is'nt that enough !
I would think they did not compete for the London Array. They are developing a 7.5 MW offshore turbine but its far as I know its not on sale yet. they do however sell onshore machines. The directors of CWP have been in the wind game in the U.S. for a very long time. Wind is a good story as it is the most advaced of all the renewable technologies. Wind is a good game to be in but cwp has been hit by the current turmoil like everything else.
There will be bouts of profit taking after substantial gains as is natural and thus the price will fall. However as the company grows, earns profits (as forecasted) and becomes better known the trend will be one way. DYOR