The wind energy sector is very attractive, wind energy is going to keep growing as we depend on fossil fuels like coal less. Fossil fuels are nonrenewable, which means they can only be used once. Renewable resources like wind energy can be used forever. So as are supply of fossil fuels goes down, wind energy will grow. I believe these wind energy stock will start going up a lot, in the future. If you are looking for a short term investment theirs better options, but if you are looking for a long term investment to hold for 10 years or forever this is your stock.
The best wind energy stock in my opinion is Northland Power. The stock currently is producing power with wind, solar, hydro power, as well as clean burning natural gas. Northland Power has a 52 week high of 33.16 and a 52 week low of 20.52, the stock price is currently at around 28. This does not create a good buying time, as I would like to see it bellow 25. The really attractive thing is how profitable they are.
The company has been profitable since day one, They have continued to become more profitable every year. This profitability is why they can pay a handsome dividend of 1.20 or a yield of 4.21%. This dividend yield can be much lower if you buy near 25 or 24, which if you buy lower you will get a yield of around 5%. The payout ratio is 71%, which is high but I’m not too concerned because they will continue to grow their earnings per share and shrink the payout ratio.
The wind energy sector will grow a lot, all around I think this stock is the best wind energy stock.