Finavera to Sell Wind Project for Three Times Its Market Cap

On July 23rd, Finavera Wind Energy (TSXV:FVR, OTC:FNVRF ) announced a dea l to sell its 77 megawatt Wildmare Wind Energy Project to Innergex Renewable Energy (TSX:INE, OTC:INGXF .) The sale will come as a great releif to Finavera’s long-suffering shareholders, who have seen the stock halve in value since the start of the year. I included Finavera in my annual list of clean energy stocks this January because, even at the time, Finavera was trading at a fraction of the value of its wind projects, despite a weak balance sheet. Since then, Finavera has moved its projects forward, receiving important environmental andconstruction permits , but limping along on the finance side with a small (but dilutive) private placement and loan with more dilutive warrants , with the two deals totalling only a little more than $1 million. The $22 million received from Innergex for Wildmare sh...

Full article: http://www.altenergystocks.com/archives/2012/08/finavera_...

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Finavera to Sell Wind Project for Three Times Its Market Cap ...: On July 23rd, Finavera Wind Energy (TSXV:FVR, ... [link]
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Finavera to Sell Wind Project for Three Times Its Market Cap: Tom Konrad CFA On July 23rd, Finavera Wind Energy... [link]
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Finavera to Sell Wind Project for Three Times Its Market Cap ...: On July 23rd, Finavera Wind Energy (TSXV:FVR, ... [link]
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Finavera to Sell Wind Project for Three Times Its Market Cap: Tom Konrad CFA On July 23rd, Finavera Wind Energy ... [link]
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Finavera to Sell Wind Project for Three Times Its Market Cap [link]