PWND has 3 Chinese companies in top 10, FAN has none:
PWND Top Ten Holdings:
1. Vestas Wind Systems A/S (VWS): 11.81%
2. Iberdrola Energias Renovables SA (IBR): 8.95%
3. EDP Renovaveis SA (EDPR): 8.68%
4. Edf Energies Nouvelles (EEN): 8.57%
5. China High Speed Transmission Equipment Group Co., Ltd. (00658): 5.88%
6. American Superconductor Corporation (AMSC): 5.33%
7. Hansen Transmissions International NV (HSN): 4.35%
8. China WindPower Group Ltd. (00182): 4.17%
9. REpower Systems AG (RPW): 3.97%
10. China Longyuan Power Group Corp Ltd (CLPXF): 3.83%
FAN Top Ten Holdings:
1. Vestas Wind Systems A/S (VWS): 7.76%
2. Iberdrola Energias Renovables SA (IBR): 6.70%
3. EDP Renovaveis SA (EDPR): 6.53%
4. REpower Systems AG (RPW): 6.52%
5. Hansen Transmissions International NV (HSN): 6.18%
6. Gamesa Corporacion Tecnologica, S.A. (GAM): 4.55%
7. Nordex AG (NDX1): 3.69%
8. Infigen Energy (IFN): 3.69%
9. Japan Wind Development Co Ltd: 3.21%
10. PNE Wind AG (PNE3): 2.31%
seekingalpha.com
2009 high to 2010 low:
-44% PWND
-41% FAN
China High Speed Transmission Equipment Group: Hong Kong gear-maker, for wind and many other industries.
China Windpower: Hong Kong-listed company, which currently runs 12 wind power plants with a total capacity of 566.25MW mainly in Inner Mongolia and Liaoning Province, aims to install more than 500MW of new wind power capacity from at least ten projects this year. chinaknowledge.com
China Longyuan Power Group Corp Ltd (CLPXF): China's largest investor in wind power farms...a unit of state-controlled power producer China Guodian Corp., said in December (2009) it plans to spend about 18 billion yuan a year to build wind farms...Its capacity in December was 3,370 megawatts...raised a net HK$16.7 billion in Hong Kong’s third-largest IPO last year. businessweek.com
Wind, like solar, was developed in the rich nations, and current sales are still mainly there, but future growth will be much higher in China, India, and other emerging markets.
It's possible to buy Chinese solar companies, but it isn't yet feasible to buy Chinese wind equipment companies (Sinovel, Goldwind, Dongfang). Suzlon dominates the Indian wind market, and is a major global player, so it should also be a top holding of any wind ETF.
What I'd like is a single global stock market, a single global currency, and a single global accounting standard for reporting. That would make it a lot easier to compare results for, say, Vestas vs. Goldwind.
I hold FAN, but I'm considering switching to PWND. |
