Most clean energy investors are looking for the pure play, the renewable power stock with the potential to be a ten-bagger or more. The top pure alternative energy stocks include First Solar (photovoltaic thin film solar energy), Vestas (top global wind power company) and Ormat Tech (leading geothermal energy stock), but here are some ways to play the global stock market post-Bush rally with more diversified companies that have a strong clean energy component:
General Electric Company (NYSE:GE)One of the world's biggest companies, GE has seen its market cap fall from $400 billion to 100 bil as its stock plummeted from 38.52 to the current 9.54. General Electric is leading global player in both solar power and wind energy and is also a force in water purification and water desalination technology. The prevailing global doom and gloom means you can pick up shares in this behemoth at only 5.3 times trailing earnings, and their
GE Energy division keeps you in the clean power game.
And the yield is 13%!!!
Kaydon Corporation (NYSE:KDN)If you read
KDN's description on Google Finance, you'll learn their products include bearing systems and components, and filters and filter housings, as well as custom rings, shaft seals, linear deceleration products, specialty balls, fuel cleansing systems, gas-phase air filtration systems and replacement media, industrial presses and metal alloy products.
What's not so easy to ascertain is that Kaydon is a major supplier of ball bearings and other components to the wind turbine industry. If you believe windpower has plenty of growth potential on land and offshore, KDN is worth considering for your portfolio.
At Friday's close of 26.54, the stock is less than half its 52 week high of 61.57, trades at a PE of 12.97 and yields 2.5%.
American Superconductor Corp (NASDAQ:AMSC)Although AMSC is highly leveraged to the wind energy industry, their leading edge programmable power electronic converters and high temperature superconductor (HTS) wires allow them to sell their products to both wind farm developers / operators and to electric utilities in general. A recent
sale of their dSVC technology to California utility Southern California Edison (SCE) included this in the press release:
AMSC's dSVC allows electric utilities to optimize power delivery directly at the grid's critical load-serving points by automatically adjusting the reactive power supply in real time to meet their customers' ever-changing electricity demands.I believe that bodes well for the future, and means that AMSC will likely be working with electricity grid productivity firms such as
Comverge (NASDAQ:COMV) and
Echelon Corporation (NASDAQ:ELON) .
At 15.48 (down from $47), this high growth technology stock has tremendous blue sky potential.
Keep the faith,
Joe Trainor, CIM, Editor
Green Stocks Investing Blog
More
online alternative energy stocks research:
Photovoltaic Solar Stocks InvestingGeothermal Power Company InfoWind Energy Investing LinksGreen Energy Stocks Investing