Plutonic Wind Energy

Brian Hicks

Written By Brian Hicks

Posted June 1, 2009

A couple of weeks back, I wrote about the changing investment landscape for run-of-river hydropower stocks in Energy and Capital‘s sister publication, Green Chip Review.

One of the companies highlighted in the GCR original was Plutonic Power (TSX:PCC), an independent Vancouver-based energy group listed on the Toronto Stock Exchange.

Plutonic had already risen by 66% from $2.10 to $3.50 per share in the period from May 1 through May 13, and as I wrote the stock was just beginning to settle back down towards the $3 mark.

Then on June 1, Plutonic shot up by over 16% in one day’s Toronto trading!

That share boost came after news that GE and Plutonic may be teaming up to acquire British Columbia’s biggest wind farm. 

While Plutonic Power jockeys for prime position in BC’s developing private hydropower market, it’s already gaining share momentum from its other segments.

Plutonic is just the kind of diversified clean energy producer we like to highlight in the free Green Chip Review e-letter, in addition to pure plays on clean energy sectors like solar, wind, and geothermal.

In this Thursday’s Green Chip Review, we’ll make a full report on run-of-river hydropower available for the first time.

You don’t want to miss it.

Sign up for GCR today and get your first free report, Investing in Next-Generation Solar Power Technologies, right away.

-Sam Hopkins

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