Take Energy Tech Back From the Day Traders...
biz.yahoo.com
Remember the giant North American power blackout in 2003? Beacon Power is working to prevent a recurrence by developing products that will make the power grid more reliable.
It's important work, though no more so than that being done by many other small, publicly traded energy technology firms. It is not an exaggeration to say that the energy security of the United States depends in large part on the ultimate success of companies such as Beacon, and also Capstone Turbine , Evergreen Solar , Plug Power , Active Power , and many others engaged in various aspects of energy tech -- from microturbines (Capstone) and photovoltaics (Evergreen) to fuel cells (Plug) and electricity storage systems (Active).
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Hope in the form of ETFs
One way you'd probably never think of is to invest in General Electric . Among its many other businesses, GE is a diversified developer of emerging energy technologies such as wind, solar, and gas turbines. The company is also working to improve the efficiency of gas-fired power plants.
Another way is to buy shares of New Alternatives Fund , a self-described socially responsible mutual fund that invests in clean and renewable energy, plus fuel cells, energy conservation, and more. According to SocialFunds.com, New Alternatives was down 0.63% for the month of January but up 10.71% for the year ended Jan. 31.
Still another approach is to buy shares in an exchange traded fund (ETF). According to published reports, the first ETF targeting clean and green energy will start trading in March on the American Stock Exchange under the symbol PBW. It reportedly will be based on the Wilderhill Clean Energy Index, which includes nearly 40 companies, among them such potential long-term winners as Distributed Energy Systems, which is into power quality and reliability, and Fuelcell Energy, which is developing fuel cell power plants.
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