GCTAY - It's Time to Start Looking at Renewable Energy Stocks Again
It's been a miserable year for renewable-energy investors, particularly those who invested in wind power. Not only have stocks in wind power companies Siemens Gamesa (OTC: GCTAY) and Vestas Wind Systems (OTC: VWDRY) slumped, but General Electric's (NYSE: GE) renewable-energy business has been at the heart of that industrial giant's difficulties this year.
Nevertheless, there are clear and recent signs of a concerted effort to improve matters, and the building blocks of recovery are in place. So it's time for investors to start looking at the sector again.
The chart below shows the stock performance of all three leading wind energy companies in the West. Vestas and Siemens Gamesa are focused on wind power. GE Renewable Energy is a small part of GE's overall operations currently. However, when it's combined with GE Power and spun off as GE Vernova in 2024, it will be a vital part of the new company's prospects.
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It's Time to Start Looking at Renewable Energy Stocks Again