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Thursday, February 9, 2012

SHOULD YOU BUY SUSTAINABLE ENERGY STOCKS?

Well, I've avoided clean/solar stocks (including energy efficiency), and have especially kept away from any hydrogen company.  But if you wish to support these industries, one way to do this is to purchase exchange traded funds (ETFs), such as Power Shares Clean Energy (PBW).  While I would wait for an opportune moment just before Peak Oil or the enactment of a Carbon Tax, if you must, now might be as good a time as any, for PBW trades for a price in the range of 6, and in 2008, it was somewhere north of 25:


There are financial analysts who provide a top ten for 2012, but, of these I would be especially wary.  Anyway, here is an example of eleven from Tom Conrad, listed in Renewable Energy World:

1.  Waterfurance Renewable Energy (WFI.TO):  sells geothermal heat pumps.

2.  Lime Energy (LIME):  integrated energy engineering; good potential.

3.  Honeywell (HON):  heating and cooling equipment.

4.  Rockwool International (RKWBF.PK):  insulation.

5.  Waste Management (WM):  waste management.

6.  Veolia Environnement SA (VE):  environmental services,  a decade ago, the price was 25; today, 12.65.

7.  Accell Group (ACCEL.AS):  Netherlands bicycle company.

8.  New Flyer Industries (NFYEF.PK):  heavy duty transit buses, good dividends.

9.  Finavera Wind Energy (FNVRK.PK):  wind energy developer in Ireland and British Columbia.

10.  Western Wind Energy Corp (WNDEF.PK):  wind energy company.

11.  Alterra Power Corp (MGMXF.PK):  geothermal, hydro and wind energy.

Note that you never heard of any of them, well, of course Honeywell, but this is not really an energy company, and certainly, their Alberta oil sands dwarf anything sustainable.  At least my blog stock challenge includes identifiable firms.

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The Dow Jones Industrials inched up 7 to 12,890, with world markets mostly down.  Gold increased $2/toz to $1732, with the WTI crude at $100/barrel and Brent Spot at $117/barrel.

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In the Pacific, Tropical Cyclone Jasmine, still at 85 MPH, is petering out, but a new storm in the Indian Ocean already named Tropical Storm Giovanna, will strengthen to hurricane force, slip north of Mauritius and Reunion, and slam into Madagascar on Sunday:


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