An ETF to Plug Into Alternative Energy
thestreet.com
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Alternative energy seems like it has been the next big thing for years. Perhaps now, with the cost of energy so much higher, more car companies making hybrid vehicles and a greater need for alternative power sources such as wind, this could be a time when money could be made by investing in alternative energy.
PowerShares has a year-old alternative energy ETF, the PowerShares WilderHill Clean Energy Portfolio (PBW:Amex - commentary - research - Cramer's Take). The fund has 41 stocks in it, most of which you probably haven't heard of, but as is the case with most PowerShares funds, no one stock has too large a weighting. Its largest holding, at 4.1% of assets, is the carbon-fiber maker Zoltek (ZOLT:Nasdaq - commentary - research - Cramer's Take)....
Interesgingly, according to Yahoo!http://finance.yahoo.com/q/hl?s=PBW, the Top 10 Holdings as of December 31, 2005 for PBW were the following:
TOP 10 HOLDINGS ( 28.59% OF TOTAL ASSETS)
Company Symbol % Assets
ACTIVE POWER INC ACPW 2.71
CYPRESS SEMICONDUCTR CY 2.72
DISTRIBUTED ENERGY DESC 2.74
ENERGY CONV DEVICE ENER 3.12
EVERGREEN SOLAR IN ESLR 2.8
Hydrogenics N/A 2.85
QUANTUM FUEL SYS QTWW 2.8
SunPower N/A 3.01
Suntech Power Holdings Co. ADR N/A 3.11
UQM TECHNOLOGIES INC UQM 2.73
Even more interesting is the info. from the official website of the PowerShares WilderHill Clean Energy (PBW) found here: powershares.com
As of 3/6/2006
Holdings are subject to change
% of Index
Consumer Discretionary
(9.48%) QTWW Quantum Fuel Systems Technologies Worldwide Inc. 3.79%
BLDP Ballard Power Systems Inc. 3.07%
IMCO IMPCO Technologies Inc. 2.62%
Consumer Staples
(1.61%) MGPI MGP Ingredients Inc. 1.61%
Energy
(2.75%) PEIX Pacific Ethanol Inc. 2.75%
Health Care
(2.55%) IMGC Intermagnetics General Corp. 2.55%
Industrials
(37.70%) STP Suntech Power Holdings Co. Ltd. 3.35%
ESLR Evergreen Solar Inc. 3.24%
HYGS Hydrogenics Corp. 2.97%
ENER Energy Conversion Devices Inc. 2.89%
DESC Distributed Energy Systems Corp. 2.70%
FCEL FuelCell Energy Inc. 2.53%
MDTL Medis Technologies Ltd. 2.48%
AMSC American Superconductor Corp. 2.45%
MAG MagneTek Inc. 2.45%
ACPW Active Power Inc. 2.44%
UQM UQM Technologies Inc. 2.22%
ULBI Ultralife Batteries Inc. 2.17%
CPST Capstone Turbine Corp. 2.16%
APCC American Power Conversion Corp. 1.83%
PLUG Plug Power Inc. 1.82%
Information Technology
(30.73%) WFR MEMC Electronic Materials Inc. 3.24%
SPWR SunPower Corp. (Cl A) 2.98%
ITRI Itron Inc. 2.94%
MXWL Maxwell Technologies Inc. 2.77%
CY Cypress Semiconductor Corp. 2.72%
MKTY Mechanical Technology Inc. 2.62%
KYO Kyocera Corp. 2.50%
IRF International Rectifier Corp. 2.43%
CREE Cree Inc. 2.29%
POWI Power Integrations Inc. 2.18%
EMKR EMCORE Corp. 2.17%
ELON Echelon Corp. 1.88%
Materials
(8.87%)
ZOLT Zoltek Cos. 4.17%
BOX BOC Group PLC 1.83%
APD Air Products & Chemicals Inc. 1.47%
PX Praxair Inc. 1.40%
Utilities
(6.31%) ORA Ormat Technologies Inc. 3.02%
IDA IDACORP Inc. 1.65%
SPI ScottishPower PLC 1.64%
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Zolt was only 2.68% as of Dec. 31, 2005
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