Wind Energy (TSXV.WND) Confirms Plans – Casse Confirms Rating and $5.20 Price Target
Posted on March 08, 2010 at 16:59 PM EST
March 8, 2010 ndash; Analyst Comments ndash; LOMrsquo;s Lawrence Casse reiterated his BUY recommendation on Western Wind (TSXV:WND) this morning, and a 12-month price target of $5.20, Key Takeaways: middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Reconfirmed 30MW re-powering phase of Mesa project middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; 11MW Steel Park expected to commence construction this year, with commercial power beginning in first half of 2011 middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Believes all PPA for 161MW in total projects will exceed $105/MWh, with eligibility for 30% cash grant from DOE, yielding net free cash flows in excess of $16.5 million for the first three years