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This is the third time that I have previewed Wind Works Power Corporation (WWPW) in my blog or on an alert over the past two years. Both times, it was a great stock for members! Good gains and strong volume tend to make me like a stock. I think the time is right to take another look at WWPW.
I have said this many times…”I like wind power”. I remember growing up in the San Francisco Bay Area and driving on the East Bay through Altamont Pass and seeing thousands of wind towers. And, this was over 40 years ago! Shows you how old I am. That project was the forerunner of many of today’s wind projects and still operates today.
I have kept WWPW on my radar screen since that time and feel that the company has real potential in the long term.
Their PR’s tout an impressive array of projects in Canada, United States and around the globe. Some of their latest news is of the purchase of a fully-permitted wind project in Germany. One thing that has changed from my previous writeups on WWPW is they are going to build and operate their own windfarms (in addition to being a packager).
What that means is that WWPW will still do ”packaging”. They will work on a project locking up the land, drawing plans for the project and putting utility power purchase agreements in place With those attributes, those projects are VERY VALUABLE. Currently, the company claims to have 80 Megawatts (MW) in Ontario, Canada, 270 MW lined up in the U.S. and now a small 4 MW project in Germany.
My annotated chart follows:.
WWPW isn’t a “slam dunk” by any means. The company hasn’t, for all of its promise, converted any of their development projects in to revenue, profits or cash flow. Their balance sheet is not strong and there is no guarantee the company will be able to raise any capital going forward.
You can do some of your own DD by viewing their website: Click Here
Good luck and good trading
Jeffrey Dean
Here is what I am looking at for entry/exit points
Last Close: $0.35
Buy Opinion: $0.30 – $0.45
Short Term Sell: $0.75
Long Term Sell: $1.00 to $1.50
Good Luck and Great Trading,
Jeffrey Dean
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