February 16, 2006

Smaller stock to watch

Tersus Energy, the AIM-listed renewable and alternative energy investment vehicle chaired by John Devaney, the former executive chairman of Eastern Electricity, added 1p to 41_p on unveiling a $2 million (£1.2 million) first tranche investment in HT Blade, a state-backed, Chinese wind turbine blade maker. KBC Peel Hunt, house broker, notes that wind installation in China is expected to triple over the next four years if the 2010 targets of the Chinese Renewable Energy Industries Associations are to be met. In December Tersus raised £4 million at 36p, its first share issue since February’s float.