Gamesa Tecnologica (NASDAQOTH:GCTAF)

CAPS Rating: 5 out of 5

Results 1 - 19 of 19

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Member Avatar megalong (< 20) Submitted: 3/1/2010 11:14:27 PM : Outperform Start Price: $13.59 GCTAF Score: -111.86

Gamesa is a Spanish company engaged in the renewable energy sector. The Company's activities include the promotion, construction and sale of solar and wind farms, as well as the engineering, design, manufacture and sale of wind turbines. They sold their solar holdings in 2008.

They are currently trading at 22x trailing earnings but that is with a couple of poor quarters in 2009. I would expect earnings to bounce back to 2008 levels so they would be around 15x forward earnings. The balance sheet is reasonably healthy: trading at 2.8x book, with a current ratio of 2.1, plenty of cash and debt to equity of just under 50%.

But the real draw is explosive growth (25% CAGR 5 year revenue growth, 16% CAGR earnings growth) and the fact they are about to test their early 2009 low. I don't think Gamesa will fall too much further before seeing a bounce - after all they are a blue chip, best in class company.

Recent news:
Gamesa reports net profit of 115 million euro
February, 25, 2010
Margins and debt beat the company's own guidance in 2009
Main consolidated figures:
* Revenues: 3.229 billion euro (-16%)
* EBIT: 177 million euro (-24%). Wind turbine division EBIT: +7%
In 2009, Gamesa continued to pursue its internationalisation strategy: international markets now account for 73% of wind turbine sales (61% in 2008), with Europe accounting for 32% (mainly Italy, Poland, Hungary and Romania), the US for 15%, China for 15% and the RoW (11%).
The company expects to steadily regain a growth trend in the second half of 2010, followed by a strong recovery in 2011

Madrid/Bilbao/Emden 18 February 2010. GAMESA has signed a Memorandum of Understanding (MoU) with BARD Holding GmbH for joint development and marketing of offshore wind turbines and services.

India, February 9, 2010. Gamesa, Spain company specialising in sustainable energy technologies, mainly wind power, has launched its operations in India with the setting up of an Indian subsidiary
http://www.gamesacorp.com/en/press

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Member Avatar SymS (< 20) Submitted: 2/20/2010 8:47:27 AM : Outperform Start Price: $12.19 GCTAF Score: -100.26

Wind has the best of Energy Returned on Energy Invested...

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Member Avatar danovtroy (< 20) Submitted: 11/2/2009 10:53:43 PM : Outperform Start Price: $17.79 GCTAF Score: -140.40

Spanish wind company with global presence.

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Member Avatar danbie (< 20) Submitted: 8/4/2009 2:38:26 AM : Outperform Start Price: $22.24 GCTAF Score: -161.06

Wind energie wins the future.

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Member Avatar devoish (96.49) Submitted: 6/4/2009 10:32:11 AM : Outperform Start Price: $20.69 GCTAF Score: -168.34

Global warming is real. Extreme Global warming's major contributor is CO2 emissions. Cheap fossil fuels are running out. Wind power is becoming cheaper than fossil fuel power. Gamesa is set to advantage from the installation of wind in the USA, China, India and Europe. More investment dollars worldwide are going into renewable energy than fossil fuel, for the first time ever.
Financially, Gamesa has more cash than long term debt, which is always a good sign. They have a good name. Chinese competition is not a large player right now.

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Member Avatar OldEnglish (28.15) Submitted: 3/31/2009 9:51:03 AM : Underperform Start Price: $12.24 GCTAF Score: +177.94

See, in a depression, people use less power. The only power that's going to be needed will be in the developing world. -And they use coal.

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Member Avatar Theresewin (< 20) Submitted: 11/6/2008 4:06:01 AM : Outperform Start Price: $16.79 GCTAF Score: -162.14

This company has a couple of facilities near where I live so I am able to follow them fairly closely in my local paper and know people who have worked for them. They have had layoffs in the past months, their management seems to be strong and proactive vs reactive, they pay good wages and they have a local reputation as being an excellent employer. Overall a well run company that is well positioned internationally to be a fairly large player in wind energy as it grows over the next decade and beyond

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Member Avatar maxhoffa (< 20) Submitted: 11/6/2008 1:07:47 AM : Outperform Start Price: $16.79 GCTAF Score: -162.14

High on wind for several reasons . . . alt-NRG sources should do well under Obama, and wind is less susceptible to changes in technology than solar. Wind blows, blades turn, the generator generates . . . fairly straight forward. With solar, new technologies may come along and blow all existing technology out of the water. Wind seems a safer play right now.

I'm green-lighting Gamesa and Vesta (VWSYF) at their current prices. Both are dominant in Europe where wind will continue to be subsidized for years to come, and both are also making major inroads into the US/China/India markets. Both have existing contracts for 2009 and should be able to weather the recession fairly well.

Wind . . . solar . . . both offer advantages over oil in that the production cost per megawatt hour is fairly stable after the initial start cost, which admittedly is still high. But as far as long-term alt-NRG plays go, wind seems safe, and Gamesa & Vesta seem like the best places to put your buys.

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Member Avatar SpaceLord666 (33.72) Submitted: 9/20/2008 6:25:39 PM : Outperform Start Price: $39.47 GCTAF Score: -144.70

Their market share will stay the same, but the market will increase exponentially in the coming years.

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Member Avatar chicabica (53.08) Submitted: 6/4/2008 6:47:17 AM : Outperform Start Price: $51.97 GCTAF Score: -135.48

spain, emerging market

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Member Avatar caseykimma (68.49) Submitted: 5/31/2008 6:55:13 PM : Outperform Start Price: $51.47 GCTAF Score: -132.77

wind turbines

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Member Avatar skifree99 (24.81) Submitted: 5/22/2008 8:57:11 AM : Outperform Start Price: $51.12 GCTAF Score: -133.57

Among the top three wind power co. Now with Manufacturing capacity in US. Oil prices up, wind up!

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Member Avatar munnydawg (34.81) Submitted: 5/15/2008 4:16:33 PM : Outperform Start Price: $50.77 GCTAF Score: -130.13

the future is now!

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Member Avatar rabidtigerfan (< 20) Submitted: 5/12/2008 5:58:05 AM : Outperform Start Price: $49.17 GCTAF Score: -133.41

well managed. strong player in green energy.

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Member Avatar strngedaz (< 20) Submitted: 4/24/2008 10:24:53 AM : Outperform Start Price: $48.47 GCTAF Score: -133.75

go wind power! alternative energy is big business even here in illinois.

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Member Avatar DarkToast (42.16) Submitted: 4/20/2008 3:18:40 PM : Outperform Start Price: $48.98 GCTAF Score: -133.79

Solar has been hot, but I think that in the long run window power and geothermal are going to be bigger winners than solar.

A reasonable scenario is using wind power to generate electricity, and using the electricity to perform electrolysis on water. The hydrogen can then be used to power vehicles.

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Member Avatar BELINIQUE (< 20) Submitted: 3/26/2008 10:06:38 AM : Outperform Start Price: $48.02 GCTAF Score: -135.24

It seems only logical to anticipate that this is a wise choice.. a company that has a future growth potential--due to the severity of our current energy consumption and search for a more eco/cost friendly alternative, I think this is a wise choice.

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Member Avatar Fausttt (30.34) Submitted: 1/17/2008 1:02:17 PM : Outperform Start Price: $37.28 GCTAF Score: -133.66

with the surge toward alternative energy sources, being the second largest supplier of wind turbines poises this company on the brink of major gains.

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Member Avatar PieterVerhaeghe (< 20) Submitted: 1/4/2008 12:56:22 PM : Outperform Start Price: $45.47 GCTAF Score: -124.44

Yet another large producer of wind turbine's. Growing market, growing stock and virtually no risk attached. Easy peasy. I'm sure this stock will atleast have won 50% in the next year.

Results 1 - 19 of 19

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