Windpower stocks, green energy funds as longterm investments

Here are some major wind energy industry companies with publicly-traded stocks, suitable for consideration by higher-risk longterm investors. Medium risk longterm investors may want to consider accumulating positions in green energy stock funds and other diversified renewable power investments, such as ETFs that track clean energy company indices.

Wind Power Company Stocks


Suzlon Energy Limited (BOM:532667)

One of my favourite companies on the planet, Suzlon is a top tier wind power firm, and with the shares at 93.60 R (down from 321), the top wind energy company in Asia is available at just 12.2 times earnings.


VESTAS WIND SYSTEMS (VWS.CO)

The top wind power company in the world, VWS has over 30% market share and can charge a premium for its reliable products. With the shares at 325 DKK, down from 700, longterm investors may want to research this one. One of the greatest companies on earth, at 27.6x earnings; look for VWS to continue to be a global wind energy industry leader for years to come.



CLIPPER WIND REG S (CWP.L)

Top UK wind turbine manufacturer and windfarm developer, one would hope that Clipper will be a major force in the UK energy industry for decades to come. Battered by the global credit markets panic, the stock has nosedived from 753.80 p to today's (16oct08) close of 165 p. Though the company has posted rising losses, revenues are growing even faster, and Clipper will likely come to be seen as a solid turnaround candidate, a quality UK growth company, and a bargain green energy stock.



Kaydon Corporation (NYSE:KDN)

KDN is a major supplier of bearings to the wind power industry, and sells its products to customers in a variety of robotics technology, medical instruments, materials handling, machine tools, aerospace, defense, alternative energy, security, electronic industries and for other industrial applications. Kaydon has been volatile in recent days, trading between 32 and 40 and closing today at 35.77, still far from the years high of 61.57. The shares yield 1.9% and trade at a PE of 14.89, and though not a pure renewable power play, represents attractive exposure to wind energy industry growth.



American Superconductor Corporation (NASDAQ:AMSC)

The good news keeps coming for American Superconductor, who won another wind energy contract this week, with AMSC licensing its windpower technology to Hyundai Heavy Industries in South Korea. At 14.96, the shares are way off frpom their high of 47.53.



Canadian Hydro Developers (TSE:KHD)

KDN is a major player in Canadian wind enegy and small-scale hydropower, and at 3.05, the stock is down from a high of 8.01. A growing renewable power company with earnings and rising revenues.





More renewable power investing links:

Green Energy Stocks Investing Info, Green Investment Funds

Windpower Stocks, Green Power Investing

Solar Energy Company Stocks, Green Energy Funds

Clean Water Technology; Tidal Energy, Wave Power

Geothermal Energy Stocks Investments

THE 3 Top Green Energy Stocks to Consider Buying Now

Investing directly in growth stocks is a high risk activity; medium risk investors should consider acquiring positions in clean energy mutual funds, as these eliminate most individual stock risk and allow investors to benefit from the sector trend.

The near term risk in the clean power sector is continued downward pressure on oil prices, although somewhere in the fall from the current $93 to an estimated $70 a year from now, the sectors will decouple and green stocks will resume their long-term uptrend. Dollar-cost averaging into renewable power stock funds over the next 6 to 9 months would be very prudent, and the more adventurous may want to wade in over the next 3 to 5 months.

If you are a long term equity investor with a time horizon of 5 to 10 years or longer, consult your investment advisor about adding some of these names to your growth stock portfolio:

First Solar (FSLR)

Normally I find this solar energy market leader a bit pricey, but the past few months of downside volatility in USA and global financial markets have really taken the stuffing out of this industry leader. First Solar is considered the Google of the renewable power sector, in that it is by far the dominant player in the global solar photovoltaics industry. Its patented cadmium telluride thin-film solar technology allows FSLR to produce solar panels and modules more inexpensively than competitors, and this advantage has been translated into a healthy global market share. Although there are concerns about the availability of enough tellurium to meet future demand, my feeling is that FSLR has the financial muscle and wherewithal to scare up what it needs, and likely has future versions of its technology in development that require even less tellurium. Clearly overpriced at its 52-week high of $317, today's (03OCT08) close of 163.19 makes me want to revisit this one. Trading at about 44x estimated 2008 earnings and only 23.4x next year's forecasted earnings, there is still risk to be had but solar energy is here to stay and First Solar is the first mover.

Ormat Technologies (ORA)

The world leader in geothermal energy and remote power, Ormat designs, develops, builds, owns and operates geothermal recovered energy-based power plants, usually using equipment that it designs and manufactures. Not as widely known as First Solar, this is exactly the type of quality American company that will benefit under the wise leadership of Barack Obama over the next eight years. When the Obama rally is in full swing, this stock will likely already be much higher than its current price of $31.40 and on the way to surpassing its year high of 57.93. Trading now at just 27.4 times earnings, it may be a long time before you'll see another opportunity to acquire Ormat at these multiples.

Vestas Wind Systems (VWS.CO)

Down from a high of 700 DKK (Danish Kroners), Vestas at 468DKK (up 47 or 11.1% today!) is a blue-green chip investment for the ages. With over 30% of the growing global wind power market, Vestas gets a premium for its high quality wind turbines and is the Mercedes Benz of the wind energy industry. At 39.8 times earnings, conservative investors may find this company still expensive, but there's a price to pay for greatness, and the time to load up on great firms is when there's blood in the streets. Probably the highest quality company in the entire green energy investing sector, it's time to take a look at Vestas.