alternative energy stocks

[ananda]

I highly recommend investing in fuel cell stocks. Some symbols are:

FCEL
BLDP
PLUG

Anyone else know of any good stocks?

Sue

[Zynx]

1. Those are the only ones I know of, but I am sure there are others.

They are risky investments at this point, but the risk of just a small investment is worth the potential reward when we eventually move away from oil.

[silverlib]

2. Thanks for the info

Which one is your favorite or do you split between the two or three?

[thoughtanarchist]

3. Ballard seems promising...ENER looks healthy...

Ballard BLDP, their share price tanked in the last year. from $12 down to $5. Might be a good value buy. Especially considering the stake auto makers have claimed in BLDP. More risky than ENER but it looks like a bargain.

DaimlerChrysler and Ford Invest CDN $55 Million in Ballard Power Systems
Thursday January 13, 8:00 am ET

VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 13, 2005--Ballard Power Systems (NASDAQ: BLDP - News; TSX: BLD - News) today announced its Vehicular Alliance partners, DaimlerChrysler AG and Ford Motor Company, yesterday completed the previously announced purchase of CDN $55 million of Ballard common shares pursuant to a Call Agreement entered into by the parties on December 31, 2003. DaimlerChrysler purchased 2,431,388 common shares of Ballard at CDN $12.34 per share, for an aggregate purchase price of CDN $30 million. Ford purchased 2,026,157 common shares of Ballard at CDN $12.34 per share, for an aggregate purchase price of CDN $25 million.



A profitable (for last 2 qtrs at least) alternative energy company is Energy Conversion Devices ENER the shares are more expensive but they have a positive cash flow and an otherwise healthy financial status.

REUTERS ABRIDGED BUSINESS SUMMARY
"Energy Conversion Devices, Inc. (ECD) is a technology, product development and manufacturing company engaged in the invention, engineering, development and commercialization of new materials, products and production technology in the fields of alternative energy technology and information technology."

REUTERS ABRIDGED FINANCIAL SUMMARY
For the six months ended 12/04, revenues totaled $117.9 million, up from $29.9 million. Net income before extraordinary item totaled S66.2 million vs. a loss $27.7 million. Results reflect increased revenue from license and other agreement, and distribution from joint venture.

[Zynx]

4. It's always good to see that a company is actually making money.

That makes it considerably less speculative and cuts down on risk a great deal.

[hvn_nbr_2]

5. Alternative energy but not fuel cell

A couple alternative energy stocks that aren't fuel cell are Energy Conversion Devices (symbol ENER) and Evergreen Solar (ESLR). Both have been doing pretty well recently, but I haven't been closely following them to see why. Probably largely because of oil prices.