Economics from the Windicator

For the first time in its history the wind industry has a seller's market. This year, in defiance of a reputation for tight margins and shareholder disappointment, it intends to turn a profit. Turbine prices are going up. Surprisingly, most stock market analysts are responding to the new mood in a booming market by advising shareholders to sell rather than hold or keep their stocks (graphs previous page). If they are worried that higher wind turbine costs may push up wind power prices, they should take comfort in the fact that gas prices are already going up fast.

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