Why You Should Hold off on This Wind Energy Stock
When it comes to China, the spotlight usually shines on the solar companies -- especially in the past week with the Commerce Department's decision to raise duties on solar panel imports from Chinese manufacturers. However, in China, the government is working on developing its wind power assets, and one company that is reaping the benefits of that initiative is Ming Yang Wind Power Group .
Following its selection in winning a major offshore project, Chuanwei Zhang, Chairman and CEO of the company said, "Ming Yang expects to continue to leverage the off-shore opportunity in China and deliver our innovative Super Compact Drive ("SCD") wind turbine generators as an effective solution for off-shore wind power projects in China and beyond." Is this the beginning of a big run for the company or just a distraction from the company's major problems? Let's take a look.
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The article Why You Should Hold off on This Wind Energy Stock originally appeared on Fool.com.Scott Levine has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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