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Merrill Lynch has ‘Bearish' outlook for U.S. wind power demand
Merrill Lynch said it's "bearish" on prospects for wind power demand in the U.S. because many states have exceeded their renewable-energy goals and lower natural gas prices make wind less competitive.
The Bank of America Corp. unit cut to "underperform" Danish turbine maker Vestas Wind Systems A/S and Spain's Iberdrola Renovables SA, the largest operator of wind parks, in a note to investors today led by analyst Matthew Yates.
April 12, 2010
by Alex Morales
in Bloomberg News
Merrill Lynch said it's "bearish" on prospects for wind power demand in the U.S. because many states have exceeded their renewable-energy goals and lower natural gas prices make wind less competitive.
The Bank of America Corp. unit cut to "underperform" Danish turbine maker Vestas Wind Systems A/S and Spain's Iberdrola Renovables SA, the largest operator of wind parks, in a note to investors today led by analyst Matthew Yates.
The U.S. and China will lead world growth in wind energy, the Global Wind Energy Council in Brussels said yesterday, forecasting annual average growth of 21 percent through 2014. Merrill today... [continue via Web link]
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