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Saturday, October 18, 2008

3 American renewable power stocks to benefit from Democratic Party victory

With Barack Obama expected to win the USA Presidential election by a significant margin, and the Democratic Party looking to control both the Senate and the House, here are 3 green energy stocks to consider owning for 2009 and beyond:

American Superconductor Corporation (NASDAQ:AMSC)

This week AMSC licensed its wind turbine technology to Hyundai, who will manufacture for the US and global wind energy markets. At just $15.20 (down from 47.53), this high quality American technology company with rising revenues also supplies a range of wind power related technologies and systems to the worldwide wind power industry.

Ormat Technologies (NYSE:ORA)

Reno, NV-based ORA is the best geothermal power company on the planet; at 29.29, down by half from 57.98, Ormat is worth a long look.

First Solar (NASDAQ:FSLR)

FSLR is the fastest growing photovoltaic solar energy manufacturer in the world; with the shares at 135, down from 317, a lot of air is out of the stock and the next few quarters of rising revenues and earnings should get this major US solar power company back on the uptrend.

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