Monday kicks off AWEA’s Wind Power Conference and Exhibition, the foremost industry event. It should further bolster the positive industry trends seen in recent industry reports. We continue to believe IEA represents a compelling investment opportunity, with <2% cap-ex, top-tier customers, a negative cash cycle, and a 4x EV/EBITDA multiple. Reports from AWEA indicate record PPAs signed in 1Q, and record industry pipeline (up 34% y/y). Vestas, the world’s largest wind turbine manufacturer, sees wind price parity in coming years.
Source: Seeking Alpha