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If you read a sampling of PWR's projects, it has Obama written all over it
- a 210-mile, 500,000-volt electricity transmission project between Virginia and Pennsylvania known as trAILco;
- an extension of the recently completed $190 million contract with the Lower Colorado River Authority;
- An ongoing $750 million contract with Northeast Utilities (NU Quote - Cramer on NU - Stock Picks) to extend the electricity transmission lines in Connecticut; and
- a portion of the expected $5 billion in expenditures that Texas plans to connect wind farms to the national grid, with California also expected to update plans for a similar $6.5 billion in grid expansion.
No position but monitoring
5 comments:
funny you mention this, i was just talking to some people about it today. i think the main reason its not moving is because what like 57% of its revs come from electrical infra. sure they'll get a piece, but obama seems to be focused on roads and bridges... physical transport stuff.
not to mention, you had gendell/tontine in there running a muck.
i really really like this name going forward, as i'm starting to build a list of plays for modernizing the electrical grid among other things.
ok ignore that comment i'm an idiot. obama will have some focus on the 'smart grid' so it should get a boost. they'll still get a piece of the work but the price action might be telling here a little bit. either way i'm gonna wait it out a lil bit.
sometimes I feel like I am listening to completely different speeches. He has talked about upgrading the grid often, and solar power :) but apparently only I heard it lol.
Looks like the run on solar we were expecting has finally arrived. You think it's just slow reaction (lack of conviction) to some of Obama's comments or hedgies rotating to the next badly-beaten-but-now-"hot" sector? Or maybe HAL9000 is just bored with running up infra/commods/retail for now and the ripe, untouched solar sector is next on its queue.
Yes finally. Could be retail traders - watch SOLF - thats the retail traders name. If its FSLR and SPRWA than its hedge fund running, as those are more institutional.
I bought a bit more today, hoping to sell 30-40% higher the next time Obama whispers solar ;)
I wrote about solar today in the APWR entry.
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