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Strategies & Market Trends : Wind Power

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To: MARIO DLUGOSZ who wrote (6)6/21/1996 1:24:00 AM
From: kent robert schulte   of 230
 
Mario, Kennetech went bankrupt about 3 weeks ago. It was the biggest wind power company in the world. (Previously known as US Windpower) The stock was at 26 a year and a half ago, then slid down to about 5/8 now. The company owned some 4,000 turbines in California. Bad management tried to hide problems with the new turbine: overhired in hopes of Cal Puc rulings that were going to require utilities to buy more wind power; but it didn't happen. Too much debt.
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