GE to Double Spending on Environmental Program (PWR, AETI, WGOV, APWR, TRN, AMSC)
Wind stocks are up across the board today as the energy sector carries benchmarks higher, and The Wall Street Journal reports that General Electric (GE) has plans to double-down on its Ecomagination program over the next five years. The conglomerate will put emphasis on wind energy and wastewater segments with $10 billion in capital to work with. Program vice president Steve Fludder said GE sees a “huge opportunity” for offshore development in Europe, and noted that “It’s odd that it’s not a big market in the U.S. yet.” It will be interesting to see what developments GE can come up with moving forward.
As a whole, the Wind Energy Stocks Index is up 0.9% on the day. It still lags the S&P 500 by more than -3% over the past month as Broadwind (BWEN), American Superconductor Corp (AMSC), and A-Power Energy Generation Systems (APWR), among select other components have weighed on the sector for the period.
Today, Houston, Texas-based Quanta Services (PWR) and its neighbor American Electric Technologies (AETI) are among the Wind Energy Stocks Index’s top performers. Meanwhile, Woodward Governor Co (WGOV) is adding 3% to a 20% one-month rally.
Across all of tickerspy’s Indexes, the Wind Energy Stocks Index is ranked 237 in performance over the last month. To see a performance graph, Index components, and dividend and valuation metrics, visit the Wind Energy Stocks Index at tickerspy.com.
More on this topic (What's this?)
(GE) General Electric Company Collaborates with Ingersoll Rand to Save Energy (Stock Blog Hub, 4/25/13)
(GE) General Electric’s New Turbine Becomes Operational (Stock Blog Hub, 4/18/13)
GE (NYSE: GE) Fracking Investment (Energy and Capital, 4/5/13)
|Home | Find | Research | Track | Register | My Account | Logout||Web site design by LightMix|
|© 2010 Indie research Corp. All rights reserved.|