Are You Considering Investing in Wind Power Stocks?
Wind power stocks may be able to benefit form any push towards renewable energy. As more economies head towards "clean, renewable energy" solutions, many of these stocks will attract the attention of increasing amounts of investors.
Over the next 10 years, wind power generation is expected to exceed a 20% annual growth rate. With proponents such as T. Boone Pickens, there is strong support to help make this become a reality.
Mr. Pickens has a plan, called the Pickens Plan that addresses his concerns and provides details of his solutions. He explains that Americans have become so dependent on foreign oil that a move towards wind power in the future is a necessity. I happen to agree and think the "Pickens Plan" should be taken seriously.
When looking into a particular sector, such as wind power to trade stocks or for long term investments, it is always important to keep up with any new legislation that is being worked on and to have access to a reliable news source on the particular sector you are researching.
Below you will find a list of several wind power stocks and related companies. Keep in mind that these are not specific recommendations, nor a complete list. As always, it is important to do your own full research before investing in any particular company and use good risk management techniques.
- General Electric (Symbol GE)
- Siemens (Symbol SI)
- Vestas (Symbol VWDRY.PK)
- FPL Group (Symbol FPL)
- Trinity Industries (Symbol TRN)
- AES (Symbol AES)
- American Superconductor (Symbol AMSC)
- Thomas & Betts Corporation (Symbol TNB)
Some of these are large companies that make wind turbines, while some of the others make small components used in the energy generation process. When you are doing your research, be sure to take a look and see what other area's each company is involved with to be aware of how they will be affected for any non-related industry news announcements.
Do you know of a publicly traded wind power stock not on the list that you would like to share? Let me know using my Contact page and I will add it to the list.