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SmallCapPower
Box Score
Daily Stocks on the rise
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The Ubika Research Cleantech Stock Watchlist
| Wind Works Power Corp (Symbol: WWPW- OTC) |
| Company Name: |
Wind Works Power Corp |
| HQ Location: |
Ottawa, Ontario |
| Company Website: |
www.windworkspower.com |
| Closing Share Price (June 2, 2010) |
$0.60 |
| Shares Outstanding |
27.05 Million |
| Market Cap: |
$16.23 Million |
| Average Daily Volume |
28,700 |
| 52 Week Range |
$2.6 - $4.23 |
| Average Daily Volume |
142,000 |
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Share Highlight / 1-Year Stock Chart
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Business Overview
Wind Works Power Corp. develops wind parks for operation or for sale to wind energy producers. Its business model is to assemble a land package, secure regulatory approval, provide engineering studies, build the required infrastructure and finally enter into power purchase agreements with local utilities. The company has a diversified portfolio of wind projects in Europe, USA and Canada. On January 31, 2010, it announced the acquisition of Zero Emission People LLC. The acquisition includes Zero Emission People's equity interest in 10 wind energy projects in Canada and the United States totaling 320 MW.
+ More info
What is interesting?
- A clean-tech company with proven technology and near term revenue opportunity.
- One of the first few companies to be successful in securing contracts from the province of Ontario through the Ontario Power Authority’s (OPA) Feed-in-Tariff program in the very first round of project allocation. The company was recently awarded the contract to produce 80 megawatts of energy from its wind farm projects in Ontario.
- Another 8 wind energy projects that were not offered contracts by the OPA in this first round have been placed into an economic connection test (ECT) with the OPA, which is expected to be examined in mid-summer. These projects represent an opportunity for additional 110 megawatts of wind energy production.
- The company has development experience, leadership, and a proven track record with a diversified and strong wind energy project pipeline of 610 MW across Europe and North America. Of this total, Wind Works will own 357 MW.
- A strong management team at the helm with significant experience in successfully developing and commercializing several wind energy projects.
- Exposure to the fast growing alternative energy sector. There is a huge push to increase share of clean energy by various governments across the globe. Ontario alone has set a target to access 4600 MW from wind energy by 2020.
Risks
Like many other cleantech companies Wind Works has research and development costs. It has no revenue currently and continues to incur losses. Although currently well financed, the company might require to access capital markets to raise additional capital, which could potentially result in shareholder dilution. There could be delays in the acceptability of technologies offered by Wind Works and can adversely impact its growth.
Company News
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