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BRIEF: Juhl Wind plans a secondary stock offering
 

Apr 30, 2011 (Star Tribune – McClatchy-Tribune Information Services via COMTEX) — Juhl Wind Inc. is looking to raise $10 million to $15 million in additional capital through a stock sale.
The community wind power developer and manager in Woodstock, Minn., filed a registration statement Friday with the Securities and Exchange Commission for a secondary stock offering. The company plans to sell 10 million shares between $1 and $1.50 per share.

The company’s shares, now trading on the OTC Bulletin Board under the symbol JUHL, have averaged $1.25 per share over the past month.

Proceeds from the offering will be used to fund strategic growth initiatives and acquisitions including wind farm management and turbine maintenance services.

Juhl’s annual revenue in 2010 was $6.3 million, down from $11.7 million in 2009.

Believers in the wind power can buy into the offering, but risks are worth considering. According to Juhl’s prospectus, those risks include the fact the federal government may not extend or may decrease tax incentives for renewable energy products including wind; officers and directors of Juhl own approximately 70.6 percent of outstanding shares, and as a “penny stock” shares may be difficult to sell.

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