Onshore wind energy is expected to peak next year yet stocks have not rerated...why? - US and China 60% of world - US PTC tax credit expiring and ITC less favorable than solar - China moving from feed in tariff to auction which has hurt others (i.e. Germany)
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PTC extension increasing estimates for 2020 & 2021 w/ 2020 at ATHs and 2021 above 2019 -https://www.google.com/amp/s/www.greentechmedia.com/amp/article/the-us-wind-ptc-cliff-keeps-looking-less-and-less-scary …
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BLM and NEPA implementation favoring project developmenthttps://www.eenews.net/stories/1061975241 …
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State commitments are increasinghttps://www.powermag.com/new-york-is-fertile-ground-for-clean-energy/ …
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New wind projects are now cheaper than marginal cost from coal plants
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Did you account for unannounced orders? I believe Vestas only are required to publish orders above 200 MW... The bull case is increased growth in service making this a new Kone - but with more growth on consolidation down the line
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