Yes We Can... Wind Stocks
Under the new Obama administration alternative energy in the United States will become increasingly important, and invested in. Obama has outlined plans to increase US clean energy production from 3% (where it currently stands, minus hydroelectric) to 10% by 2012 and 25% by 2025. What this means is that more and more home owners, businesses, and electric companies are going to be incentivized to go green.
Wind power is a big focus, and with huge tracts of land and mountains in Colorado, Wyoming, and California already utilizing massive wind turbines successfully this model will surely be expanded across the US. As Barack Obama gave his moving and historic president elect speech tonight cleantech stocks have been on the rise and are rated well to continue upwards. In the wind power space here are a few stocks to keep your eye on.
General Electric (GE) - While only a small percentage of the massive company is focused on wind, it is one of the leading US companies producing the technology (as other parts of the world, including Germany, have been leading).
Suzlon Energy Limited (India) , Nordex AG (Germany) , REpower Systems AG (Germany, now acquired by Suzlon) , Xinjiang Goldwind Sci & Tech Co., Ltd (China), and Acciona SA (Spain) are all foreign but worth looking into if you're new to the wind market and want to follow US deals down the road.
Wind power is a big focus, and with huge tracts of land and mountains in Colorado, Wyoming, and California already utilizing massive wind turbines successfully this model will surely be expanded across the US. As Barack Obama gave his moving and historic president elect speech tonight cleantech stocks have been on the rise and are rated well to continue upwards. In the wind power space here are a few stocks to keep your eye on.
General Electric (GE) - While only a small percentage of the massive company is focused on wind, it is one of the leading US companies producing the technology (as other parts of the world, including Germany, have been leading).
Suzlon Energy Limited (India) , Nordex AG (Germany) , REpower Systems AG (Germany, now acquired by Suzlon) , Xinjiang Goldwind Sci & Tech Co., Ltd (China), and Acciona SA (Spain) are all foreign but worth looking into if you're new to the wind market and want to follow US deals down the road.
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