Green investing: Playing the elections
Green profiting off the next President?During the week of Earth Day, Jim Cramer offered a number of green investments based on the Presidential elections. If Democrats win, Jim suggested that solar will be up for huge subsidies, such as First Solar. For those finding First Solar to run up, other analysts have picked companies, such as SunPower, Evergreen and Trinity, or ETFs like TAN. Additionally, semiconductor companies are also a good way to play the solar subsidy game.
On the other hand, if Republicans win the Presidency, nuclear power is the way to go, and Cramer liked the Shaw Group and NRG Energy, Inc..
And, to hedge your bets early, Jim believes that smart grid technology will be funded by both parties, and he picked Comverge as his favorite bipartisan green investment.
Labels: green investing
posted by Dahcredyns @ 9:46 AM
5 comments
5 Comments:
Cramer also picked SPX Corp, which is a play on both nuclear and solar. SPX builds nuclear reactors and it grows crystals that are used in solar power
I've been following green investing for many, many years, and have a unique site that covers the latest global news and research on green and socially responsible investing.
It's at www.investingforthesoul.com
Best wishes, Ron Robins
Hey Ron,
What's your favorite green sector right now?
dahcredyns -- It's hard to pick a particular green sector, especially for the long term. For speculators and traders, it's a numbers game that few win.
For longer term investors, as Warren Buffett might say, none have a mote around them! And frequent shake-outs will occur too. For most long term investors a diversified approach will likely work best.
Sorry that I'm not more specific. It's just that I'm not really a trader.
Good luck, Ron Robins
No problem, Ron. The majority of any investor's money should be in the game for the long run, but I do believe that a small amount of trading keeps investors in the game. Balanced against a diversified portfolio, a little trading keeps investors more knowledgeable.
Plus, for me, I'd rather be a little heavier in wind right now than solar. I wouldn't get out of solar, i'd just minimize my exposure i guess, but i'm neither an expert, nor much of a trader.
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