Wind Energy in the Headlines

• U.S. Urged to Carve Out Wind, Solar Build Zones to Curb Delays (Reuters)
• Biggest Offshore Wind Farm in the U.S. Gets the Go-Ahead (Canary Media)
• Arizona’s Chevelon Butte Wind Farm Kicks Off with $267 Million Investment (KTAR News)

Wind Energy Outlook for 2023

According to Global Energy Consulting firm Wood Mackenzie, global wind energy will exceed the 1-terawatt threshold for installed capacity by year-end. One terawatt is equal to 1 trillion watts which is significant when you consider the estimated global demand for power is 17.7 terawatts.

Last month, we looked at three companies in the wind energy arena.

• Eniti, Inc. (NETI) share prices have increased from $11.45 to $129.98 since this time last month for a 13.36 percent increase month-over-month.
• Clearway Energy (CWEN) pulled back from $30 per share down to $28.11 for a decrease of 6.3% per share.
• TPI Composites, Inc. (TPIC) maker of wind turbine blades also pulled back from $12 to $10.55 for a 12.08 percent decrease in share price.

Among these 3 stocks, the clear winner is Eniti, Inc. (NETI).

NETI Daily Stock Chart (source: TradingView)

NETI has made an impressive run-up from $8 in May to $13.18 today.

Other Companies to Watch

• Vestas (OTC: VWDRY) has gapped-up from $8.50 to $9.15 over the past few days on reports of increased orders.
   
• General Electric (GE) has shown progressive growth from $64 in early January to today’s price of $111.59 for a 74.35% increase in share price over the year.

General Electric (GE) Stock Performance for 2023 YTD (Source: Tradingview)

Stay tuned to Global Investment Daily as we periodically monitor this sector.

The post Wind Energy Overview for the Second Half of 2023 appeared first on Global Investment Daily.

The Inflation Reduction Act provides funding and tax credits for analysis and investment in wind energy projects, including offshore power generation.

Some of the wind energy companies that are benefitting from the Green Energy Movement include:

• Eniti, Inc. (NETI) shares have jumped from $7.76 to $11.45 for over a 47% increase in share value
  
• Clearway Energy (CWEN) has risen from $28 to $30 in June
  
• TPI Composites, Inc. (TPIC)., maker of wind turbine blades, saw shares jump frum $8.55 to $12 since May.

Eniti (NETI) Daily Stock Chart. (Source: TradingView)

For more information on wind energy stocks in Q2 2023, click here. 

Stay tuned to Global Investment Daily as we continue to follow developments in this sector.

The post <strong>Climate Change Infrastructure Investments Fueling Wind Energy Industry</strong> appeared first on Global Investment Daily.