June 23 - Wind Energy America Inc. Rated 'Speculative Buy,' Target Price $2.98 by Beacon Equity Research
Wind Energy America Inc. (OTCBB: WNEA) has been rated a Speculative Buy with a price target of $2.98 by Beacon Equity Research Analyst, Victor Sula, Ph.D.
In the report, the analyst writes, “Over the next four years, WNEA plans to complete approximately 280 MW of wind energy projects in the upper Great Plains and Midwest. The Company estimates approximately $69 million of external funding will be required to complete these projects, including $40 million from equity financing. Assuming funding is secured and the various projects are completed, WNEA would expand installed capacity to 400 MW over the next four years. At this generating capacity level, the Company could be producing annual revenues exceeding $80 million from electricity sales and annual income ranging around $40 million to $45 million.”
