Nelly Shishkova

Juhl Wind, Inc. (OTC:JUHL) Climbs Higher on Promotions

by Nelly Shishkova April 1, 2011

Juhl_Wind.jpgIn March, the company received approximately $2.5 million in cash from equity funding proceeds relating to development fees for three of its completed wind farm development projects, and stated it was expecting to receive an additional funds this month.

Another $1 million from a project owner was obtained in the form of a loan for a  another project. However, considering the huge accumulated deficit, accompanied with the increasing operating losses, it seems that even the additional funds won't be able to cover all losses of Juhl Wind.

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