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Wind Energy Loses Its Allure

By Jim Cramer

About this article:
You want to know how serious the wind "initiatives" are going to be? May I point you in the direction of Trinity? At one point Trinity was vying with General Electric for wind leadership, It made tremendous hay over the ability to turn prosaic washing machine plants in Newton, Iowa, (legacy from Maytag) into windmill facilities. Today it idled a big wind tower facility in Oklahoma, saying it is going to consolidate the production capacity. Believe me, if things were going great guns, capacity wouldn't be idling. When we think about renewable resources, wind comes right after solar in peoples' minds. Today's Trinity news tells you that the manufacturers can't even wait to see how much money Obama is going to put behind wind. It simply isn't economic to build here. It's a tough time for Trinity, and therefore for the rail business, as the company's chief business is railcars,...

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