Juhl Wind, Inc. (JUHL.OB) Annual Results Blow in Huge Revenues
Juhl Wind Inc., the national leader in community based wind power development and management, today announced annual financial results for the year ended December 31, 2009, showing substantial growth in its project base and revenue. The high point of the results was a huge 777% increase in revenue, to $11,676,000 from the $1,331,000 reported for the year ended December 31, 2008. The large increase was due primarily to nearly $8 million in construction contract revenue from two wind farm construction projects during the fourth quarter of 2009. The projects were roughly 80% to 90% completed at the time of reporting,…