A few days ago, a post on Dubious Sell-off reported thayt EK (allegedly) reckoned this stock was a racing-cert SELL, even though sp had already plummeted (anew) from 800 ...... As usual I know nothing at all about the company, though its title is self-explanatory.

Make up your own minds what to do, but certainly an interesting one to watch .....

Repair bill hits Clipper Windpower
May 15 2009

Losses at Clipper Windpower have widened in spite of a jump in sales as the maker of wind turbines was hit by defective turbine components and a recent slowdown in demand.

Pre-tax losses for the full year to December grew 63 per cent to $313m (206m) on revenues that were 30 times as high as the previous years. Sales jumped from $24m to $734m.

The losses were the result of a $300m programme of repairs on defective drive trains and rotary blades after defects were discovered in some Liberty-class turbines.

The company has completed half the remediation work on the defective turbines that are already installed. The rest of the work will be finished by the third quarter.

As a result of the global recession, a number of its customers have deferred deliveries.

Clipper still expects to deliver between 300 and 325 turbines this year.

At the start of the year the company slashed headcount by 90, a reduction of 11 per cent of its total employees and 30 per cent of its turbine production workforce.

Our customers need financing in order to buy our turbines and finance their wind farm projects. So, as a result of the crash in the debt markets, our customers were not able to finance their purchases in turbines from us, said Doug Pertz, chief executive. However, the company is looking forward to a boost in renewable investments from the US stimulus package.

We think the stimulus package and the whole policy that the Obama administration has with both renewables and climate change will be extremely positive for the wind industry, for renewables and for Clipper, Mr Pertz said.

But while the policy is out there, and the laws have been passed, the implementation of it the rules and the money is not there yet.

Wow! Is this a BUY now at 95p?

on what grounds?

I don't know, cynic. You got any opinion on this? Looks cheap, though.

only budgerigars go cheep!
windpower may well be one of the greenies flavours of the month, but is this really the stock to carry the flag?
i see no obvious reason why it should be and the chart is truly dire - look at the 5 year one

in skiing terms we would label this a black run next stop 62p break through that and your off pist

It's on the black run since the beginning of 2010.

workable in 10k ..... thinking about joining the downhill skiers

ski run is shut!!

On the subject of wind power ,I am thinking of investing in Hansen transmissions in light of the their agreement with Romax tecknology. any advice would be appreciated.