FPL Group: the 'Wal-Mart of Wind Power'

An article published in yesterday's Barron's highlights a "standout" electric utilities company, FPL Group (NYSE: FPL). As the US's largest wind- and solar-power producer, Barron's touts FPL as a leader that will push the US into the next stage of the green initiative.

As crude oil has fallen more than $100 a barrel in just about 6 months, uncertainty related to renewable energy sources has grown. Given the current market conditions, however, several analysts cited in the article believe that FPL may be able to capitalize on its dominate position in the wind and solar space as smaller competitors are forced out of business. Such moves could include picking up distressed assets like equipment or land at a discount, according to one analyst.

Another potential catalyst could come from a rate increase by FPL next year. While this is not yet confirmed, a more favorable rate for FPL would boost sales at the wind and solar company. The Barron's article also points to FPL's solid fundamentals: the company has a solid product pipeline, a forward P/E of 12x and a dividend yield of about 3.6%.

Shares of FPL closed yesterday's session at $49.12 and are holding onto this level in pre-market trading.

FPL Group, Inc., through its subsidiaries, engages in the generation, transmission, distribution, and sale of electric energy.

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