Equity Research on Fluor Corporation and Foster Wheeler AG -- Opportunities in the Need for Cleaner and Renewable Energy
June 15 2011 - 8:29AM
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While many companies in the Heavy Construction sector are still
reeling from a sluggish economy, there are positive signs for those
companies involved in power plant construction. Many countries,
such as China, Iraq and South Korea, are looking to upgrade their
energy infrastructure with cleaner and renewable power generators.
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The need for cleaner energy has long been expressed by many
global leaders, and effects of the earthquake and tsunami in Japan
may amplify calls for changes in how we generate our electricity.
The worst case scenario of multiple nuclear reactor meltdowns in
the wake of the Japanese disaster has many people and governments
calling for an end to nuclear power in their countries.
Companies like Foster Wheeler AG and Fluor Corporation are
involved in heavy construction and maintenance of power plants and
power generators as well as many other engineering and construction
services. Foster Wheeler recently announced a deal for four new
steam generators in South Korea, which will burn a mixture of coal
and biomass, and another three in China. Emerging countries like
Iraq may provide an opportunity in this sector as they will need
significant power upgrades to handle their growing oil and gas
industries. Foster Wheeler AG and Fluor Corporation reports are accessible for free by
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