Looking to invest in green energy? Wind energy has been experiencing great success, and solar energy is getting cheap. Companies like Tesla, Green Power and New Flyer are also working on utilizing this clean energy.
Here’s what a New Flyer electric bus look like :
Greenpower has the electric version of the yellow school bus :
And you probably already know what a Tesla look like, but we never get tired of looking at those Falcon Wing doors so here they are for your pleasure :
Enough with the pictures! We selected the top 8 companies on Stockchase with a focus on renewable energy, the electric vehicle companies being the most interesting for sure but turning waste-to-energy companies also fascinate me. Isn’t it how Doc Brown powers his car at the end of the movie Back to the Future? :
Covanta Holding Corp. (CVA-N)
Energy from waste. Instead of sending garbage into a landfill, it is burnt and convert methane into carbon dioxide. (Further info from Peter. "There is a legacy insurance business within the company though a majority of revenue comes from Energy from Waste." Bill.)
Canadian Solar Inc. (CSIQ-Q)
Produce solar cells in China. Q3 results had earnings of $.11 while the street was expecting $0.05. Have announced contracts to sell modules to a group to build a farm in Spain. Still under 20X 2009 earnings.
One of the most expensive solar stocks. Will be the IBM, Dell or Mac in the solar space. In the most recent quarter they announced they will be able to produce solar cells at a cost of $1.15 a watt. As the polysilicon shortage unwinds itself, they will have an advantage.
Florida utility that has a portion of their power from both wind and solar. If Obama is successful in bringing in a “cap and trade” system on emissions, it would be a huge win for them. 3.25% yield.
(A Top Pick Sept 28/11. Up 22.45%.) Getting close to being fully valued and he is starting to Sell it. Has had phenomenal growth and is very conservatively managed. Doesn’t see much upside so is basically holding it for its yield.
Tesla Motors Inc (TSLA-Q)
Elon Musk's latest Twitter rant and SEC troubles Tesla makes great cars, but it's hard to get excited about this stock when its CEO crosses the SEC. At the same time, Musk is a visionary and maverick.
They make electric busses. They have a functioning product, they have sales and insiders are investing their own money. VW had to pay fines due to their scandal and the money is earmarked for green transportation.
She expects them to be reporting earnings in the next couple of days. This bus manufacturing company has made a purchase in the UK for double-decker buses. This is not a great growth sector. She wants to see how the recent acquisition plays out.