Clipper Windpower and its (Lack of) Presence on Yahoo Finance
While you might search for Clipper Windpower (formerly Clipper Windpower Inc.) on Yahoo Finance expecting to find stock quotes, financial statements, and company news, you’ll likely come up empty-handed. This is because Clipper Windpower, as an independent publicly traded entity, no longer exists.
Clipper Windpower was a significant player in the American wind turbine manufacturing industry. Founded in 2001, the company focused on developing and manufacturing its Liberty wind turbine, a large-scale turbine intended for utility-scale wind farms. They aimed to compete with established giants in the renewable energy sector.
However, in December 2010, Clipper Windpower was acquired by United Technologies Corporation (UTC). This marked a significant turning point in the company’s history. Following the acquisition, Clipper Windpower was integrated into UTC’s Power division. The Clipper name gradually faded from prominence as UTC restructured its energy-related businesses.
In 2018, United Technologies sold its Power division, including the former Clipper Windpower assets, to Platinum Equity. Platinum Equity subsequently rebranded the business as Elliott Turbomachinery, focusing on aftermarket services and original equipment manufacturing for various turbomachinery applications, not exclusively wind turbines. The Liberty turbine design continues to exist and some turbines are still operational.
Therefore, the absence of Clipper Windpower on Yahoo Finance is a direct consequence of these corporate transactions. Yahoo Finance primarily tracks publicly traded companies. Since Clipper Windpower is no longer an independent public entity, it doesn’t have its own stock ticker or financial information available on the platform.
If you’re interested in the history and legacy of Clipper Windpower, you would need to research news articles, industry reports, and historical financial data related to the company prior to its acquisition by United Technologies in 2010. Information about the current operations related to the Liberty turbine might be found under the umbrella of Elliott Turbomachinery, although specific financial performance is not typically broken down by product line for privately held companies.
In conclusion, while Clipper Windpower once held promise in the burgeoning wind energy market, its journey through acquisition and restructuring has led to its disappearance from the public stock market and, consequently, from platforms like Yahoo Finance as a directly searchable entity.
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