Clipper Windpower (LON:CWP)

QUOTE AND NEWS
Reuters  Aug 7  Comment 
United Technologies Corp said on Tuesday it has sold its Clipper Windpower unit to Platinum Equity for an undisclosed sum, wrapping up its third divestiture of the year following...
Forbes  Mar 18  Comment 
United Technologies, the industrial conglomerate based in Hartford, CT, is putting Clipper Windpower on the chopping block.
OilVoice  Oct 23  Comment 
United Technologies Corp. has reached agreement with the management and independent members of the board of directors of Clipper Windpower Plc CWPL on the terms of a cash offer by UTC to acquir
Benzinga  Oct 18  Comment 
Dow component United Technologies (NYSE: UTX) will acquire the rest of U.K.-based Clipper Windpower it doesn't own for $222 million in cash after the wind turbine maker slumping sales put it in a financial crunch. The wind-turbine producer said...
Bloomberg  Oct 18  Comment 
United Technologies Corp., the maker of Pratt & Whitney jet engines, agreed to buy the rest of Clipper Windpower Plc after reduced orders left the wind-turbine manufacturer struggling to finance operations.
Bloomberg  Sep 30  Comment 
Clipper Windpower Plc said revenue fell to $154 million in the first half of the year from $357 million in the year ago period as the company sold fewer wind turbines.
OilVoice  Sep 22  Comment 
Clipper Windpower Plc expects to release its interim financial statements on September 30 2010. This RNS is an update of expected reported results and financial condition as of June 30 2010 pl
guardian.co.uk  Sep 21  Comment 
Cash-strapped wind turbine maker seeks rescue from its largest shareholder
guardian.co.uk  Sep 20  Comment 
At its peak, shares of this manufacturer of wind turbines traded at 800p the stock has fallen by 30% to 32p Aren't share prices meant to go up when the board announces a bid approach? Not at Clipper Windpower, where the breezes have been...




 

Clipper Windpower PLC (Clipper ... LON:CWP) is a wind energy technology, turbine manufacturing and wind project development company founded in 2001. Clipper's flagship product is the 2.5 megawatt "Liberty" wind turbine.

The company's headquarters are in Carpinteria, California, but shares trade on the London Stock Exchange (Alternative Investment Market). Clipper has offices in the USA (California, Colorado, Iowa and Maryland), Mexico, Denmark and the United Kingdom, one factory in the USA (Iowa), and employs about 700 people worldwide.

Although well-placed as a USA-based company to take advantage of the anticipated growth in the wind power market, the company has yet to turn a profit, due to problems with gearboxes and blades requiring extensive field repairs of installed wind turbines.

The company has announced plans to open a factory in England.

Clipper competes with other wind turbine manufacturers such as Gamesa (GCTAF), General Electric Company (GE), Siemens AG (SI), Suzlon, and Vestas (VWSYF).

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