I'm interested in investing in alternative energy compaines but do not know how to go about it any suggestions

Question

I'm interested in investing in alternative energy compaines but do not know how to go about it any suggestions

Answer 1

open up an account on etrade.

If ya want to roll the dice check out Alternate Energy Corporation. They have a really cool "on-demand hydrogen" process that works. Imagine filling your tank with regular tap water from your garden hose and then when you drive it converts the water to hydrogen through a chemical process and is burned immediately for power. No hydrogen to store, only water. The stock ticker is ARGY if interested.

Btw, it was down big today so you can pick up some shares real cheap on Monday. I wouldn't bet the farm on it though. lol

Answer 2

Look at stock symbol MFT. This is an amazing natural gas company in which the company skyrocketed. Punch up a 10 yr average and watch your mouth drop. If an investor bought $10,000 worth of MFT in 1998, it is worth $1.8 million today. In just 10 years! That should give you a clear idea to look for - a Houston, TX based oil and gas corporation with a solid foundation. I am getting much reward for these type of stocks. Wish you well.

Answer 3

Yes, your first step is to open a brokerage account.  Etrade is one company.  Scottrade is another.  TD Ameritrade is a 3rd.  

Now for the tough part.  There are all kinds of alternate energy companies you can buy stock in.  Finding a good one is difficult.  

There are several index funds that are focused on sectors of the alternate energy scene.  

KWT is focused on solar energy.   It is too new to have any kind of record.  Sells for about $34.40 a share.

GEX is an alternate energy fund.  Its largest holding is Vesta Wind Systems, the largest wind turbine manufacture in the world.  Sells for about $40.14 a share.   It also has very large holding in solar power.

FAN is a wind energy fund--get it? FAN ha ha.  It is so new the ink on the prospectus is not dry yet.

PBD is a clean energy fund.  It actually does not have a specifically largest holding.  The holdings about evenly balanced.

That pretty much accounts for my knowledge of index funds that specialize in sectors you might be interested in.  

If you want to take some more specific risk and perhaps bet on just a few promising companies here are a few.

Vesta Wind Systems  ticker VWSYF on the pink sheets.  Trades for about $126.00 a share.

Suntech Power Holdings ticker STP.  This is a solar power company out of China.  Trades for about $33.29 a share.  This company is one of the largest, I believe the 2nd largest, producer of solar energy systems.

Trina Solar Ltd.  ticker TSL.  This is a smaller solar power company also out of China.  Trades for about $26.35 a share.

I can not recommend any ethanol stocks at all.  A loosing proposition.

If you want to take a flyer on nuclear, then consider Cameco ticker CCJ.  This is I think the largest uranium mining company in the world.  Out of Canada.

Answer 4

I'm into 3.

Zoltek (ZOLT) is the world's largest manufacturer of low cost carbon fiber. Much of it is currently used in the manufacture of blades on large wind turbines. It will also be used in large amounts in the future in making more fuel efficient cars. It's incredibly strong tensile strength and very light weight make it a perfect candidate to help meet future CAFE standards. There are many other future uses too numerous to go over here. Go to www.zoltek.com to learn more.

Composite Technologies Corp. (CPTC) They manufacture wind turbines. They also manufacture a special kind of conducting cable which is more efficient than the kinds normally used today. It should save on electrical costs and generation.

Plug Power (PLUG) They manufacture fuel cells and and systems which convert natural gas into heat and hydrogen which will heat homes and provide the hydrogen needed to fuel tomorrow's fuel cell cars. Read this: http://automobiles.honda.com/fcx-clarity...

There's a start. You can also look into Gamesa and Vestas the tow largest wind turbine manufacturers, but keep in mind they are foreign stocks. The three above that I own are all US stocks, easy to buy and sell.