The rise of PHY appears pretty dubious to me. Every 2nd day I read something new about them. Far too promotional in my experience. It reminds me a little bit of Calpine or El Paso in the USA @ 2001.
From what I hear there is very little money in wind farms as the whole area has been commoditised. Every joe blow is now building one. I can't see how PHY can compete against cheap government money.
Only a little while ago the stock was at $2.80 and now it's at $4.00. Whatever premium was available has been well and trully exhausted.
Why are they selling if it's such a good thing?
Can anyone really explain to me how PHY could be worth so much? I mean, this is a mature industry and they have nothing new to offer.
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