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I've been looking for a way to play the move to natural gas for more of our power generation needs. This trend should be accelerated by the recent shale gas finds in the U.S. which have lowered the price of natural gas and ensured that there will be a long and steady supply. It should be further accelerated by renewed resistance to nuclear power as a result of the Japanese tsunami disaster. This makes it less likely that new nuclear plants will be built and more likely utilities will be forced to try to extend the life of their existing nuclear power plants. GLPW appears to have built its business model around these trends - providing gas turbines and related services for power generation plants as well as maintenance services for existing aging nuclear power plants. This company was in bankruptcy 3 years ago, but new management is off to a good start.
These guys own the formerly great HRSG manufacturer Deltak. They also own Braden which manufactures dampers and such for combined cycle plants. This is a good market to be in for the next 10 years. These guys should do well.
Global Power is a leading provider of power generation equipment and industrial maintenance services. Our customers are predominantly utilities, power generation OEMs, other power generators and major international energy companies. We offer a comprehensive array of equipment and services and have long-standing relationships with premier customers in the market segments we serve. We sell our products throughout the globe, including North America, Europe, the Middle East, South America, Asia and North Africa. Global Power is well positioned for future growth as a result of the growing popularity of natural gas and nuclear as the energy sources for electricity generation, coupled with the aging infrastructure of existing nuclear plants and related need for nuclear plant maintenance services.
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