Market Overview

Jim Chanos Circulating Negative Commentary Regarding Vestas Wind Systems From Ira Sohn

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We are hearing reports that Kynikos Associates President Jim Chanos is circulating negative commentary about alternative energy, and in particular the Danish windpower company Vestas (PINK:VWDRY).

Chanos claims that he is seeing evidence of Vestas pulling revenue ahead, as well as stiff competition in both the US and China.

Apparently, it's solar that he's most excited about shorting. He claims to see evidence of waning demand in a market that is dependent on countries not on the healthiest shape fiscally. He seems to be spending a lot of time talking negatively about First Solar (NASDAQ: FSLR).

Posted-In: First Solar Kynikos VestasNews Short Sellers

 

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