Gamesa stock seen attractive in long term - Inverseguros

(ADPnews) - Dec 28, 2010 - The shares in Spanish wind energy company Gamesa (MCE:GAM) will be attractive in a long-term period, according to the analysts with Inverseguros.

The company plans to keep growing in the USA in the 2009-2013 period, an intention which was proved last week with the contract in California. On December 20, it became clear that Gamesa was awarded an order to deliver 60 of its G8X 2 MW turbines for a California wind farm project, developed by Canadian renewable energy firm Western Wind Energy Corp (CVE:WND). In other words, under the contract, Gamesa will supply 120 MW of wind turbines for the Windstar wind farm, located at the Tehachapi mountain pass, from April 2011. As part of the deal, the company will provide operation and maintenance services in the next 10 years.

This deal can be added to the recent orders signed in Mexico, Brazil and China.

Gamesa closed Monday trading session on the Madrid stock exchange 0.37% lower to EUR 5.731.

(EUR 1.0 = USD 1.323)

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