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Martin Denholm says wind power is taking off in the US. And big players such as T. Boone Pickens and Michael Blooomberg are throwing their weight behind the industry.
For investors who want to minimize risk in a relatively new industry, Martin recommends General Electric (NYSE:GE) and Siemens AG (NYSE:SI). These blue chips are making significant investments in wind energy projects.
Meanwhile, small-cap AeroVironment (NASDAQ:AVAV) is well placed in the emerging market of home and office-based wind power generation.
Russia and China’s nuclear energy ambitions are well known. But Taipan Trader editor Sara Nunnally says Eastern Europe is also turning to nuclear power.
Several of the EU’s newer member states are currently holding bids for new plants. And having a clean and reliable energy source will spur industrial growth in the region, creating attractive investment opportunities in the process.
More from Sara with the countries most likely to benefit from this new energy drive…
Wind power should account for 20% of U.S. energy needs within a decade – compared with virtually nothing now – as the country’s energy needs are increasingly taken care of by sources of alternative energy, former Texas oilman-turned-wind-power-entrepreneur T. Boone Pickens told Congress last week.
A “Lost Decade” doesn’t have to translate into lost profit opportunities.As the global financial crisis continues to escalate, the United States is increasingly facing the prospect of a long malaise that could easily eclipse Japan’s Lost Decade of the 1990s in both duration and depth.
He made his fortune as an oilman, but yesterday (Tuesday) legendary investor T. Boone Pickens unveiled a plan to cut U.S. dependence on foreign oil through the power of alternatives such as wind and natural gas.
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When I coined the term “global synchronic growth” a few years back, I must have had ABB Ltd. (ADR: ABB) in mind. Global synchronic growth is the simultaneous expansion of most of the major economic zones around the world, which spurs investment and creates vast amounts of wealth.
Investors have been watching Berkshire Hathaway Inc. (BRK.A, BRK.B) Chairman Warren Buffett’s moves for years to see which investments are going to take off next.
T. Boone Pickens made his fortune in oil. But now the Dallas oilman and famed former corporate raider is betting $2 billion that he can have the same success with a new source of energy - wind.