With solar panels and wind generators becoming increasingly popular, it would be a wise decision to consider investing in the alternative energy craze of today. Our current fuel source prices are only getting higher and higher, and the resource supply is limited, so eventually alternative energy sources will be our only option.
Using alternative energy sources is more efficient, better for the environment, and provides tax breaks to users. It can create more jobs, which will help the economy grow and prosper. At times, renewable energy is even considered more reliable than today’s main form of energy – generators.
With all the benefits out there, you simply won’t want to miss your chance at investing in the following alternative energy stocks:
First Solar – FSLR
First Solar is currently the world’s largest provider of integrated solar solutions. Established in 1999, First Solar’s mission is to ensure clean, affordable solar energy to consumers.
This year, First Solar will face competition with General Electric, as they plan on entering the world of solar power. This competition will drive First Solar’s stock prices up (and also GE’s), making it a perfect time to buy. First Solar has product advantage as well – they created thin-film panels that are not affected by heat and humidity, like the more common silicon panels are.
SunPower – SPWR
Founded in 1985, SunPower was the first to break into the world of solar energy. Always on the lookout for ways to improve and advance, SunPower consistently provides solar cells and solar panels to its users. Cost per watt is high, but management is striving to bring this down by the end of the year, making SunPower a great investment long-term.
BioFuel Energy – BIOF
Biofuel is a type of renewable energy made from crops and organic matter that aims to replace fossil fuels. BioFuel Energy Corporation is one of North America’s leading low-cost ethanol producers. Currently producing 230 million gallons of ethanol per year and establishing a relationship with one of the world’s leading agricultural corporations (Cargill), BioFuel Energy is continuing to grow and constantly striving to advance.
Ocean Power Technologies – OPTT
Ocean Power Technologies generates electricity via the renewable energy of the ocean’s waves. Back in July, the company announced it was teaming up with Lockheed Martin to develop one of the largest wave-energy projects to date, taking place in Australia. Coupled with six other on-going projects, and the fact that OPTT stock is trading below net cash, makes now the perfect time to buy Ocean Power Technologies stock.
Trina Solar Ltd. – TSL
Founded in 1997, Trina Solar is a Chinese solar energy company that provides power for both residential and commercial entities. It’s currently the fourth largest solar panel company in the world. Consistently leading the industry with proven low costs, Trina Solar is expected to experience more growth over the next five years than any other company. Tremendous growth, paired with some of the lowest costs in the industry, are what make Trina Solar one of the best alternative energy stocks available.
Sarah Brooks is a freelance writer covering a wide variety of topics from personal finance and stocks to food and nutrition. She resides in Glendale, Arizona, with her husband and daughter.
Image Credit: Shutterstock.com
Category: Investing & Earning