Alternative Energy Stocks:
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In fact, stocks for renewable energy are starting to show some really good potential for future growth.
In years past 20-30 years, renewable energy stocks haven't been that economically viable. This was because anytime alternative energy even approached being something of promise, OPEC would just turn on the supply faucet for fossil fuels and drive the prices of petrol back down.
This caused them to reach a level where the "non-oil" companies weren’t able to make enough profits or even come close to competing with the bigger petroleum companies – and those smaller competitors were thereby eliminated.
Until now...
Things Are Changin'! (And so are the times)
For the first time in investment history, a handful of these renewable energy companies are now seen as making up a legitimate industry!
You can now buy their stocks with a relative expectation of profit potential (not just press releases and hype, as in years past).
Some of these may very well turn out to be big companies that could attract investment dollars from other previously oil invested companies and big name companies (which are having trouble finding enough oil anymore to maintain good long-term investment positions).
Who Are These Companies?
Here is a listing of some websites we feel you might find very helpful. They contain a tremendous amount of information about alternative energy stocks and what’s currently available in this area of investment:
The Top Companies
Here are some of the actual companies and their trade symbols that are starting to show promise and long-term proven track records:
Daystar Technologies (NASDAQ ~ DSTI)
Emcore (NASDAQ ~ EMKR)
Evergreen Solar (NASDAQ ~ ESLR)
Evolution Solar (EVSO)
Solar Enertech Corp. (OTCBB ~ SOEN)
Spire (NASDAQ ~ SPIR)
Suntech Power Holdings Co., Ltd.) (NYSE ~ STP)
WorldWater & Power Corp. (OTCBB ~ WWAT)
Xantrex (TSX.V ~ XTX)
Why They're Growing
Now, the price of oil is high (and threatening to go higher as it did in 2008). Only this time, OPEC has no spare capacity to introduce more into the market to bring the prices down again.
Saudi Arabia keeps claiming they can pump more, but the facts and figures show otherwise. And terror attacks on oil facilities cause the price of oil to go higher still.
To add insult to the injury of the oil industry, most of the areas where oil can still be produced with any abundant measure are still way too costly to drill, as they are in locations that cannot easily be reached.
Politicians are now beginning to realize that the alternative energy industry is on the rise and oil is quickly losing its glamor and appeal...and supply.
Because of this awareness, these political leaders are now touting alternative energies more and more. This is causing more awareness for the handful of companies that actually make up the alternative energy industry.
And, as we mentioned before, as an investor this too is really good news!
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DISCLAIMER: The information and trades provided here are distributed for educational and information purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed.
