Suzlon Energy and Moser Baer are now top players in Wind and Solar Energy Business. Both have fallen greatly from their heighs and may still fall some more but the downside seems to be limited.
Oil price crashing had a big impact on this sector because when oil comes cheap investment in alternative energies decline. But this sector is going to perform in the long term because there is no alternative to alternative renewable energy.
US Obama has has hinted on promoting renewable energy and huge investments in this area. Economic slowdown will have impact on the order book of these companies and this seems to be a good time to buy these stocks for long term at relatively cheap prices.
Moser baer photovoltaic has bagged order from gujarat govt to setup roof top photovolatic installations and complete system will be installed by April 2009
Moser baer is also going to setup India's largest grid connected solar farm in Rajasthan.
Apart from Entering entertainment business through its home videos It is a big player in media devices. It is also trying to enter in DVD,Monitors and other conputer peripheral hardwares.
Suzlon has controlling stake in REPower which is a big wind energy player. It has got regulatory approval to raise 18 billion rupees for it ADR issue.
Currently in capital investment mode earnings will start trikling in coming years..
Sunday, February 8, 2009
Alternate Energy
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3 comments:
Awesome... welcome back to blogging. I though you had taken an early retirement after that "Early Retirement Postponed" blog!
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