Shares in Scottish Power and Endesa Purchased

Scottish Power plc (SPI) is an electrical generation and distribution company primarily focused in the UK. They have two subsidiaries that are based in the US, PacificCorp and PPM Energy. They are currently in the process of trying to sell PacificCorp to Berkshire Hathaway. PPM Energy is a company with extensive wind energy development and generation. Scottish Power also has extensive wind farms in Scotland and Europe. They are also developing off-shore wind power of the Welsh coast. This stock has been moving strong recently and it looks like it is building a base at the $40...

Alternative Energy Funds Deliver Stunning Quarterly Returns, But Beware the Risks

By Harris Roen The Roen Financial Report closely covers the universe of almost 30 alternative energy Mutual Funds (MFs) and Exchange Traded Funds (ETFs). We use a proprietary ranking method to pick the best funds, looking at measures that include fees, risk, tax liability, and the financial health of individual holdings within each fund. Subscribers can see the complete list of funds, including rankings and technical breakdowns, in both Excel and PDF format by clicking here . Mutual Funds Alternative energy MFs showed improving ranks for this February update. In all, three funds were bumped up to...

The Bull Market For Alternative Energy Funds Continues

By Harris Roen Robust Alternative Energy Mutual Fund Returns Alternative energy mutual funds remain a strong investment sector, showing extremely robust returns in June. On average, MFs gained 28.1% for the year, and every fund posted double digit returns. Also without exception, all funds are up for the past three months. More importantly, long-term returns for alternative energy mutual funds have greatly improved in the past year. In June 2013, the average three-year return was 3.0%, with three out of 10 funds showing losses. Green ETFs Increase Gains Green ETFs have significantly...
Mutual Funds Store

List of Clean Energy and Alternative Energy Mutual Funds

Alternative energy and clean energy mutual funds are open-ended funds that invest primarily (at least 50% of the portfolio) in the securities of clean energy and alternative energy companies.  Closed-end funds are included in the list of alternative energy and clean energy ETFs. This list was last updated on 8/12/2020. Allianz RCM Global EcoTrendsSM Fund (ADGLECO.TT) Calvert Global Energy Solutions Fund Class A (CGAEX); Class C (CGACX) Calvert Green Bond Fund (CGAFX) Ecofin Global Renewables Infrastructure Fund (ECOIX) Erste WWF Stock Environment CZK (AT0000A044X2.VI) Eventide Multi-Asset Income (ETNMX) Fidelity Select Environment and Alternative Energy Portfolio (FSLEX) Firsthand Alternative Energy (ALTEX) Gabelli ESG Fund Class AAA (SRIGX); class C (SRICX) Guinness Atkinson Alternative Energy...
ETF

List of Alternative Energy and Clean Energy ETFs

ETFs are Exchange-listed funds which pool investor's money for the purpose of making Alternative Energy investments. Exchange Traded Funds (ETFs) track a specified Alternative Energy index. This list also includes closed-end mutual funds and other pooled investments which trade on exchanges. This list was last updated on 1/5/2020. ALPS Clean Energy ETF (ACES) Bluefield Solar Income Fund (BSIF.L) Evolve Funds Automobile Innovation Index ETF (CARS.TO) First Trust Global Wind Energy Index (FAN) First Trust Nasdaq Clean Edge Smart Grid Infrastructure Index Fund (GRID) First Trust NASDAQ Clean Edge Green Energy Index Fund  (QCLN) Foresight Solar Fund Limited (FSFL.L) Global X Lithium ETF (LIT) Global X Uranium ETF (URA) Global X...

Index Funds Are Climate Change Denial

Garvin Jabusch You probably know that index funds have become all the rage in investing over the past several years, as investors flock to their low fees and reject the gospel of active management. But you probably don’t know that investing in a broad-based index fund not only ignores rapid changes in the energy economy but also makes the investor complicit in climate change denial. And just as climate denial ignores the inherent risks of fossil fuels to environment, economy, and society, “set it and forget it” index investing ignores the inherent risks of fossil fuels and related stocks...

Alternative Energy ETFs – A Good Way To Invest in a Booming Sector

UPDATE 2/23/09: Here are in depth looks at available Clean Energy ETFs and Clean Energy Mutual Funds. Alternative energy is undoubtedly the future and we are just entering the early phases of what will be the next booming industry. Even if the growing consensus over global warming isn’t enough to change human behavior, we really don’t have much choice in the matter. Fossil fuels are becoming more difficult and expensive to find and extract from the earth. Couple lower supply levels with rapidly increasing demand from nations such as China and India and you have the perfect...

Wind Energy ETFs: A Comparison

Three weeks ago, I wrote on the year ahead for the US wind sector and said I would analyze the two new wind ETFs now available to US investors: the First Trust ISE Global Wind Energy Index Fund (FAN) and the PowerShares Global Wind Energy Portfolio (PWND). While I don't currently have a position in either ETF as I expect headwinds in the US (no pun intended) to place downward pressure on some of the global wind stocks in the next few months (the US accounted for 27% of global installed capacity in '07), I still intend to...

Shares of Mechanical Technology and Medis Technology Purchased

I purchased shares of Mechanical Technology Inc (MKTY) and Medis Technologies Ltd. (MDTL) this morning for the mutual fund and also my personal portfolio. Both of these companies are working on the miniaturization of liquid fuel cells so that they can power portable electronic equipment like cell phones and laptop computers. Both companies have also secured contracts from the military to research portable fuel cells for military applications. Both companies announced earnings recently and still show no signs of becoming profitable in the near future. However, they have both made progress on trimming their losses. I feel that...
Invesco Cleantech ETF

Screening For the Best Clean Energy ETF

by Vic Patel There are over a dozen major Clean Energy ETFs available to investors. But which one is the best one to put your hard earned money into? Best can mean different things to different people based on their investment preferences and risk profile. In this article, I will provide a more empirical based reason behind why I believe that PZD is the most attractive Clean Energy ETF at the moment. I have based on my analysis of 4  primary factors: liquidity, diversification, recent price action, and last but not least expense ratio. Liquidity has to be a major consideration in the...

Solar Stocks As the Best Play On The Cleantech Revolution? (Part II)

A couple of weeks ago, I wrote about a recent report claiming that solar PV was going to be at the fore of the "cleantech revolution." I've never doubted solar PV's potential. What I like most about it, besides the fact that it's the most abundant energy form on Earth, is the ability for solar technologies to be deployed either through the building stock as a load-abatement measure or in large arrays of panels as solar parks. No other power generation technology can be scaled simultaneously through these two routes. Besides investments in Energy Conversion Devices (ENER)...

Renewable and Alternative Energy Mutual Funds Compared

If you can, you are better off in one of the clean energy ETFs, or even a portfolio of individual clean energy stocks (here are 10 clean energy picks for 2009.) However, it you want a mutual fund for the ease of investment, or you are looking to add one to a retirement plan, the Winslow Green Growth Fund comes out on top because of its emphasis on energy efficiency stocks (including these two Geothermal Heat Pump stocks), and its lower expenses.

Fuel Cell Companies Purchased for Portfolio

I placed several trades for the mutual fund this afternoon to start building a position in some of the fuel cell companies. This sub-sector has been under pressure the last couple of months but seems to be building a nice base of support at the current levels. I feel this entire sub-sector is ready for a nice up move and the stocks have been behaving nicely the last week or so. The one stock I seriously considered not adding was Quantum. The stock has been in a steady decline and there is no sign that it’s going to slow...

How the Gabelli Green Growth Fund Got Its Five Stars

Tom Konrad, CFA An interview with John Segrich, CFA, portfolio manager at the the Gabelli Green Growth Fund (SRIGX). When I did my recent past performance comparison of clean energy mutual funds, I found that the Gabelli Green Growth Fund (SRIGX and SRICX) beat all its rivals by a long shot over the last three years, earning a coveted five-star rating from Morningstar.  In general, I'm a skeptic about short-term past performance: If you look at enough funds, sooner or later you'll find one that has had great performance by sheer luck.  Even when a few years'...

Introduction to Investing in Renewable Energy

UPDATE 3/4/2011: An up-to date article on selecting green mutual funds and ETFs can be found here. Why Invest in Renewable Energy? Given all the attention that renewable energy is getting in the news over the last couple years, investing in renewable energy has become a hot topic.  People are drawn to renewable energy for one of several reasons: To fight Global Warming To prepare for Peak Oil. To improve Energy Security and local economies. To cash in on the above trends. The beauty of investing in renewable energy companies is that these goals are not...

Renewable Energy and Cleantech Mutual Funds and ETFs: Does Tax Efficiency Matter?

Alternative Energy and Climate Change Mutual Funds, Part VI Tom Konrad CFA My recent article, In Clean Energy, Active Management Pays, started a bit of a controversy.  Rafael Coven, the Index Manager for The Cleantech Index (^CTIUS), which is the index behind the Powershares Cleantech Portfolio (PZD), left a comment on Barrons and sent me an email saying, "Your comparison of funds and ETFs ignores the tax efficiency differences which are very significant." Rafael is right that it's important for many investors to consider taxes before making an investment decision, and that ETFs are often more...