Investing in Renewable Energy Funds

I’m interested in finding renewable energy funds in which to invest my 401k. Could you direct me to an archived story regarding this and if there isn’t one, when can I expect to see something like that? Thank you for your time. — Chip A., Milwaukee, WI

Chip, Thanks for your note. Below is a list of the current Exchange traded Funds (ETF’s) that are currently trading on the markets and how their performance has been since 6-1-2008 compared to the standard indexes you normally see in the paper.

Obviously they have taken the same sort of beating that the average solar stock has taken (actually a bit less). However, I think it may be the time to take a closer look at the sector now that it has been beaten down and we have a new, very pro solar, administration in Washington.

As I have said in the past, I would make sure that you approach this newly emerging solar sector with caution and with higher risk tolerant capital. In addition, you may want to take a look at each of the listed ETF’s webpage and check to see how each of them are weighted (you can usually click on each ETF’s page and get a listing of the stocks they own and the percentage of the fund in each stock) in regard to solar stocks, some may have too much of certain stock you may feel is more risky or less in line with your investment focus.

Symbol

ETF Names

Performance %

 

 


ECO

The WilderHill Clean Energy Index

-57.2

FAN

First Trust Global Wind Energy Fund

-59.1

GEX

Market Vectors Global Alternative Energy ETF

-58

KWT

Market Vectors Solar Energy

-60.3

PBD

PowerShares Global Clean Energy Portfolio

-56.1

PBW

PowerShares Wilderhill Clean Energy

-56.3

PUW

PowerShares WilderHill Prog. Energy

-50.8

PWND

PowerShares Global Wind Energy Portfolio

-57.1

PZD

PowerShares Cleantech Portfolio

-50.3

QCLN

First Trust NASDAQ Clean Edge U.S. Liquid Series Index Fund

-55.6

TAN

Claymore/MAC Global Solar Energy Index Fund

-61.5

 

 


 

Standard Indexes


 

 


DJIA

Dow Jones

-29.2

SPX

Standard and Poors 500

-33.5

NASD

NASDAQ

-34.7

 

 


 

 

Previous articleYingli Signs Long-Term Polysilicon Deal with Wacker Chemie
Next articleBeacon Power Scales Back Flywheel Plans
I have worked, for 33 years as an independent analyst and investor in small emerging technology companies. I have been actively involved in following developments in the renewable energy sector since 1977 and am regarded as an expert in this field. I was the contributing editor for the past 17 years to the Photovoltaic Insider Report, the leading publication in Photovoltaics industry that was directed at industrial subscribers, such as major energy companies, utilities and governments around the world. I currently am a consultant to a number of technology and solar related companies. I can be reached via e-mail at: solarjpl@aol.com. Visit my website for the promotion of solar energy - www.sunseries.net

No posts to display