Boston, MA 03\/03\/2014 (wallstreetpr) – China Ming Yang Wind Power Group Ltd (NYSE:MY)<\/b> has been known as a loss-making machine for quite some time. And even its stock has been very volatile, compounded by the fact that the management is never clear in its vision, thus failing to issue guidance. But if you have been viewing MY negatively over the past quarters because of its loss record, the time may have just come to have a second look at this stock.<\/p>\n
A positive wind is blowing in China and the same can be seen buoying China Ming Yang Wind Power Group Ltd (NYSE:MY). In fact, the good wind is not just being seen in China alone, it is coming from every corner of the globe.<\/p>\n
Starting with China<\/b><\/p>\n
China Ming Yang Wind Power Group Ltd (NYSE:MY) had its shares soaring 25 percent to attain a new 52-week high level at $4.05 and end point in the regular session. The reason for that gain in stock price was that investors were visibly impressed with reports emerging from China that the company was ready more investment in wind power generation capacity this year.<\/p>\n
As if that was not enough, the report went on to state that the Chinese government in boosting support for wind power projects, would give priority to offshore facilities. In simple terms, that means that China Ming Yang Wind Power Group Ltd (NYSE:MY) which thrives in production of wind turbines would be in to benefit from increased orders.<\/p>\n
Thus, that could be the start of the company making a paradigm shift in its quarterly loss making trend.<\/p>\n
More opportunities<\/b><\/p>\n
China Ming Yang Wind Power Group Ltd (NYSE:MY) had orders totaling more than 1 gigawatts through the first nine months of 2013. And with China poised to increase investment in wind power and the world generally shitting towards cleaner energy where wind power is among the top priority power alternatives, there is no doubt that things can only get better for MY.<\/p>\n
However, for the company to put a stop to its losses and win full confidence of investors, then it must reduce its expenses as fast as possible.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 03\/03\/2014 (wallstreetpr) – China Ming Yang Wind Power Group Ltd (NYSE:MY) has been known as a loss-making machine for quite some time. And […]<\/p>\n","protected":false},"author":32,"featured_media":16296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[4793,4794],"stock_ticker":[],"class_list":["post-16280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-china-ming-yang-wind-power-group-ltd-nysemy","tag-nysemy","entry"],"acf":[],"yoast_head":"\n