Tom Konrad has been publishing an opus at AltEnergyStocks, "Ten Clean Energy Stocks to Buy on the Cheap", with two of the ten being grid plays:
#8 Quanta Services, Inc. (PWR)
#2 National Grid (NGG)
Another name in the sector, American Superconductor is not cheap (infinite P/E) but has been getting a lot of exposure, Piper Jaffrey conference this month, Raymond James next week. I prefer Venture Capital size return potential when buying companies without earnings, I'm not sure AMSC has it but obviously a lot of folks do.
AMSC at Yahoo Finance:
From the press release:
Jan. 29, 2008--American Superconductor Corporation (NASDAQ: AMSC), a leading energy technologies company, today announced that it has received more than $3 million in orders for its wind turbine core electrical components and systems from two AMSC Windtec customers: China's CSR Zhuzhou Electric Locomotive Research Institute ("CSR-ZELRI") and Canada's AAER, Inc. AMSC's electrical systems include the company's proprietary PowerModule(TM) power converter and enable reliable, high-performance wind turbine operation by controlling power flows, regulating voltage, monitoring system performance and controlling the pitch of wind turbine blades to maximize efficiency.
"These most recent orders demonstrate AMSC Windtec's unique ability to get new wind turbine manufacturers up and running quickly in a dynamic marketplace," said Greg Yurek, founder and chief executive officer of AMSC. "With ZELRI placing repeat orders for electrical systems and AAER making its first purchases, our customers are signaling the commencement of their production ramp ups to meet the growing demand for zero-emission wind turbines worldwide."