NEW YORK, NY--(Marketwire - Nov 7, 2012) - The United States have been one of the largest supporters of renewable energy as it continues to look for ways to reduce dependence on foreign oil. According to the Energy Information Administration (EIA) in 2011 renewable energy accounted for 13 percent of total electricity generation in the U.S. Five Star Equities examines the outlook for companies in the Renewable Energy Industry and provides equity research on Broadwind Energy Inc. (
According to the Clean Energy States Alliance there are currently clean energy funds now in over 20 states. The funds have supported a total of 32,734 projects in 2011, an increase of 18 percent when compared to 2010, and nearly twice the amount seen in 2009.
"Despite the economic climate, state clean energy funds have continued to demonstrate innovation, support emerging technologies, and advance clean energy markets," says Mark Sinclair, Executive Director of the Clean Energy States Alliance. "The better news is that, after 13 years of data collection, we feel confident that these industry trends are here to stay."
Five Star Equities releases regular market updates on the Renewable Energy Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.
Broadwind Energy last month announced that it has received orders totaling approximately $37 million from two U.S. wind turbine manufacturers: "The market for wind towers in the U.S. is coming into balance. Due to the pending expiration of the Production Tax Credit and the wind tower trade case, a number of competitors, both foreign and domestic, have exited the market or repurposed some of their production assets. This has improved the balance between supply and demand," stated Peter C. Duprey, president and CEO.
With its focus on Renewable Energy and "Green" power solutions, Power-One has recently established itself as the world's second largest provider of solar inverters. For the third quarter of 2012 the company reported net sales of $284 million with Renewable Energy Solutions contributing $216 million.
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