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By: AllPennyStocks.com
With more conventional means of power such as fossil fuels returning to higher
price levels as the economy continues its recovery, companies focusing their
energies on alternative sources of, well, energy, are patting themselves on the
back for sticking to their game plan and watching their bottom lines improve.
Woodstock, Minnesota-based Juhl Wind Inc. (OTCBB:JUHL) is one such example. The
company boasting a leading role in establishing community wind power put out
eye-catching first-quarter figures that proved more than just so much air. The
quarter ending with March found JUHL boosting revenues by 369% over the same
quarter last year, hiking to a dizzy $1.28 million.
The jump in revenues is due in part to two wind farm construction projects
undertaken during the quarter, bringing with them $843,000 of revenues. The
projects were finished over the winter, and should be up and running before too
long. These higher revenues resulted in a 203% lower net loss to about $1.1
million.
JUHL, as noted above, is an established leader in community-based wind power
development and management, focused on wind farm projects throughout the United
States and Canada. The company pioneered such wind farms, having completed 14
wind farm projects and providing operations management and oversight across the
portfolio.
Under JUHL’s model, farmers or landowners don't simply lease the land to big
companies who install and benefit from the turbines. They are investors who also
collect a share of the profits, which has the potential to add as much as 30-40%
to their income.
With oil prices starting to rise and the ongoing concern over global warming,
the demand for renewable energy is on the rise. Wind power is one of the world's
fastest growing energy sources, growing by an average of 29% annually over the
past five years according to the American Wind Energy Association (AWEA). It is
only likely to get bigger as the U.S. Department of Energy calls for 20% wind
power by 2030.
Unlike other electricity sources, wind power requires no fuel and produces no
pollution or waste. Best of all, it is inexhaustible. U.S. winds have the
potential to generate more electricity in 15 years than all of Saudi Arabia's
oil, without being depleted according to the AWEA.
JUHL, whose shares have been publicly traded only two years now, peaked for the
last 52 weeks at $2.60 in early August of last year, when the recession was
still in on everyone’s minds. The stock then slid down the totem pole to a low
of $1.50 last February. It remains in the bottom half of that range at around
$1.75, betraying its status as a potential diamond in the rough, something
investors anxious for some alternative power exposure in their portfolio owe it
to themselves to look at.
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