Under the Obama administration alternative energy in the United States has 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 see incentives to go green.
Wind power is a big focus because it is a proven technology with high ROI. 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, cleantech stocks took a rise and are rated to continue on an upward trend. Following are a few stocks to keep your eye on in the wind energy vertical.
- 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)
- Acciona SA (Spain)
