Markets
Continental Aktiengesellschaft (CTTAF)
In a report released today, Sven Diermeier from Independent Research maintained a Hold rating on Continental Aktiengesellschaft, with a price target of EUR129.00. The company’s shares closed last Monday at $140.24.
According to TipRanks.com, Diermeier is a 2-star analyst with an average return of 1.9% and a 52.8% success rate. Diermeier covers the Basic Materials sector, focusing on stocks such as Wacker Chemie AG, LANXESS, and Linde.
Continental Aktiengesellschaft has an analyst consensus of Moderate Buy, with a price target consensus of $157.49, implying a 12.3% upside from current levels. In a report issued on April 21, Goldman Sachs also maintained a Hold rating on the stock with a EUR123.00 price target.
Siemens Expects Offshore Wind Boom in Baltic Sea – gCaptain gcaptain.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gcaptain.com Daily Mail and Mail on Sunday newspapers.
Onshore Segment to Dominate the Market
– Onshore wind energy power generation technology evolved over the last five years to maximize electricity produced per megawatt capacity installed to cover more sites with lower wind speeds. Besides this, in recent years, wind turbines have become larger with taller hub heights, broader diameters, and larger wind turbine blades.
– The newly installed capacity of wind power in China in 2019 reached 25.74 GW. Of this, the new installation of onshore wind power was 23.76 GW, and the new installation of offshore was 1.98 GW. The cumulative installed capacity of wind power generation reached 210 GW in 2019.
China to Dominate the Market
Nature Energy.
Better wind turbine technology fuel lower costs
For their study, the researchers surveyed 140 wind energy experts worldwide on three wind applications – land-based, fixed-bottom offshore and floating offshore wind – to identify and compare potential changes in the levelized cost of energy (LCOE) of a standard wind power project. The survey was similar to what Berkeley Lab conducted in 2015.
The LCOE refers to the cost of building and operating an energy asset over a lifetime. It is commonly used to determine whether a project will be worthwhile.
The respondents forecast that wind power’s LCOE would decrease 17 to 35 percent by 2035, and 37 to 49 percent by 2050. When technological advancements were considered, the respondents predicted even greater reductions of 38 to 53 percent by 2035 and 54 to 64 percent by 2050. Floating offshore costs would decline fastest, followed by fixed-bottom offshore costs.
Investors betting against green trades are going up against the world’s most powerful governments.
The leaders of the biggest economies have over the past week pledged massive cuts on greenhouse gas emissions, paving the way for a torrent of regulation that is set to benefit green stocks and bonds. And it’s likely to deal blows to companies not positioned for the transition to a lower-carbon economy.
During a climate summit on Thursday, U.S. President Joe Biden announced a goal to halve emissions by 2030 on 2005 levels, a vow that could mean penalizing fossil fuel use or mandating renewable power. Canada and Japan raised target cuts to 40% to 46% by 2030, while the U.K. topped that with a vow to slash 78% by 2035.