Pennies From Clean Energy Heaven; Green Power Stocks Under $2

Well kids, if you have 20 years or more until retirement, why not consider investing in the brightest companies in the darkest market? If you have 15 years or less until retirement, a more prudent strategy may be to accumulate positions in well-run clean energy investment funds.

For those looking for alternative energy penny stocks, here are a few worth researching, following and charting:



Valence Technology VLNC 1.98

Lithium-ion battery manufacturer still trades at 10x sales but has tremendous blue sky potential.


Green Plains Renewable Energy GPRE 1.96

The state of the USA ethanol market is such that a premier company such as GPRE is trading at less than 2x last years earnings. The financial stability of this company is what allowed them to complete the January 2009 Blendstar takeover. With a minimum of competing bids, they were able to enter inexpensively and directly into a range of new markets with existing customers in place.



Akeena Solar Inc AKNS 1.82

Solar integrator remains a risky proposition but the shares have a lot of the air taken out of them, being down from 8.90. Worth watching their growth rates in coming quarters as the new American leadership may benefit this stock and Evergreen solar below.



Evergreen Solar Inc ESLR 1.77

This company has had its troubles over the years but like a quality claiming racehorse it just keeps bouncing back. Losses were huge in the recent quarter, but as an optimist I note that revenue was double what it was a year ago in the same quarter ...

ESLR also appears to have almost as much cash on hand as the market cap its been trading at, and some of that jack in this market could get them a decent stake in one of China's top solar manufacturers.




Plug Power Inc PLUG 1.02

Another company that seems to be carrying more cash than its current market capitalization, this emerging fuel cell energy company is worth keeping an eye on. A Russian utility recently acquired a stake.


Coming Soon: Green Energy Stocks Under a Dollar!