Is Vestas the answer to wind power?
COMPLETE ARTICLE AND GRAPHS
Vestas Wind Systems A/S (VWDRY) engages in the manufacture and sale of wind turbines and wind power systems in Europe, the Americas, and the Asia Pacific. It also offers wind project planning, procurement, construction, and operation services. In addition, the company sells spare parts. The company was founded in 1898 and is headquartered in Randers, Denmark. (Yahoo Finance profile)
Barchart technical indicators:
1 - Price in September of 2009 26.14
2 - Current price today 6.68
3 - Discount from its high - 75%
4 - Current Barchart short term signal - neutral hold
5 - Trend Spotter - sell
6 - Below its current 20, 50 and 100 day moving averages
7 - Discount from 12 month high 55.29%
8 - Barchart computes a support level at 6.04
9 - Recent price momentum 13.64% up in just the last week
10 - Relative Strength Index 45.13% but rising
Summary: Vestas Wind ADR (VWDRY) is one of the few companies that actually has wind power installations in place that are generating energy at a profit. The company is past the product development stage and is manufacturing and installing working wind power generators on a world wide basis. I'd buy it for it's numbers alone. I really like that idea that this may be a double barreled investment because the stock price is 25 cents on the dollar from its previous high and if investors can't see the value here the cash rich multi-national sharks will and they just might pay a premium to today's market price as they always do.
Jim Van Meerten is a Marketocracy Master