Wind energy – turnaround ahead?

10 July 2024

The market for wind turbines has become a global oligopoly. Just five companies command a combined 93% market share outside of China.

Of late, these companies have suffered as a group:

• Rising costs for new wind farms due to higher interest rates.
• Supply chain issues and rising commodity prices.
• Miscalculated provisions for warranties.

There isn't a single one of these companies that managed to escape the downturn.

However, some are better prepared than others to leave this difficult period behind, and tap into the expected growth of their industry during the remainder of the 2020s.

There is one wind energy stock that stands out as an investment because it combines:

• Low valuation.
• Clear progress towards the next growth cycle.
• Plenty of upside for investors who get in now.

Which stock is it?

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