Green Energy Update 12/05/2008
Posted
Dec 05 2007, 08:35 AM
by
Richard Schwartz
YOUR ALTERNATE (CLEAN) GREEN ENERGY UPDATE Boy, I’m riding a very hot sector! And I hope you are as well. I have been pounding the table as hard as I know how about this sector, the clean, green-tech sector, ever since last December! To reiterate, my big picture theme is that a critical mass has built up behind and is now supporting a long term, global trend. A bull market has begun geared towards replacing oil & coal with solar, wind, geothermal, biomass, hydrogen technologies, batteries, hybrid cars, etc. And that just about everyone, every person, every country, most scientists, all venture capitalists and every business large and small on the planet is now behind this effort. So, please, get on board! It’s still early in the game.Every investor should have a core position in clean, green-tech! Anyway, even though the long running, bull market in stocks seems over the top to me, every day it seems like some of these solar and other clean, greentech stocks pop. This week it’s been Solarfun Power (SOLF), a Chinese solar company, Hoku Scientific (HOKU), a Hawaii based fuel-cell component company and Climate Exchange PLC, (symbol CXCHF trading in the US), a London based carbon trading exchange. A couple weeks back it was Plug Power (PLUG), an Albany, NY based maker of batteries or fuel cells. Schwartz View: Every Monday I run a list of clean, green mutual funds and ETFs and individual stocks and when I recommended them. This coming Monday I’ll run an even more inclusive list. Stay tuned and go green as soon as possible. But please remember, start small because the sector’s been so darn hot. Once you get started, keep scaling in on weakness and plan to do so for years to come. Disclaimer! I own small amounts of the above stocks and numerous other clean, green energy stocks as I’ve been following my own advice since I started recommending this sector one year ago.