Wind energy news has been a bit sour over the past few days.. it mostly has to do with the rising cost of steel/copper to build turbines and the lack of investors willing to throw down money to help wind power companies construct transmission lines to connect to the electricity power grid. HOWEVER, the Obama administration announced $3 billion in grants for renewable energy just a couple of days ago which is sure to have a serious impact on some major wind projects that have been held up due to a lack of funds.. the big question is: who will these companies be? I am going to do some major DD on that to try and uncover what I can.
You will notice that I posted a chart of SYNJ underneath DUK on the ihub box. SYNJ is going to be going ahead with their PINNACLE ENERGY project which will be incorporating wind energy. For a penny stock, I think the company has some serious potential and should be listed here. Could SYNJ be one of the companies to receive a grant for renewable energy from the Obama administration? We will find out soon!
I have been a bit busy the past couple of days, but I WILL be posting a list soon of some of the big wind energy players to keep an eye on (both penny stocks and big boards).
The future of renewable energy is undeniable -- getting its feet off the ground will take some work, but in a few years the entire alternative energy industry should totally boom if not sooner.. I am still relatively new at investing and I am trying to learn as much as I can, but I hope you take the ride with me, lets make some serious $$$
