Alternative Energy Stocks Continue to Power Ahead...
There is no doubt about it. Unless you are a newbie trader/investor or have been trapped in the closet (e.g.. R-Kelly), then you've probably noticed that the only way to make a profit in the current market is if you take advantage of the oil and energy related stocks. With this being said, I would like to introduce you to another sub group that has just begun to stir. In the Alternative Energy group, there are a multitude of companies focused on providing various different forms of alternative energy. This can include solar, wind, biofuels, geothermal, nuclear (uranium) and of course, via hydrogen and electrical battery power. The stocks that I would like to focus on today are the ones that mainly involve companies developing hydrogen and electrical battery powered systems for industrial applications. Of course, I will include a few others as well (geothermal and uranium). The companies mentioned may be developing tomorrows technology today. With oil, gas and diesel gas prices at all time highs, it makes sense to find alternative power sources. While the current crisis does not guarantee a shift to an energy alternative, it at least creates an interesting story which in turn, churns enough speculative juices which should lead to significant price appreciation on a majority of the stocks.
The Players at a glance: ABAT, BCON, FCEL, HEV, HTM, HYGS, RTK, QTWW, URZ, VLNC
Another interesting play: WPT.TO (develops natural gas engine alternatives)
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