In a Buying Mood

Several key indicators I follow have put me back into a buying mood. But sadly I will be spending most of my day in meetings and will not have much time to follow through on any purchases. I wanted to post a quick update about the stocks I'm following. I will be averaging down on some of my current holdings this week and also looking to add some new stocks to the portfolio. Here is my short list of new stocks I'm taking a close look at to add to the portfolio: Capstone Turbine Corp (CPTC)...

Make or Break Time

The markets have been in flux the last couple of weeks. I feel we are at a make or break time for the general trend of the market. Yesterday the S&P 500 was trying to close above the 200 day Moving Average but it failed. A close above this level will give me good reason to start investing some money again. Today the markets are down again and when you look at the S&P the 1210 level looks to be some solid resistance. People may wonder why I'm so concerned about the very short term trend of...

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...

Questions about DayStar Technologies

I received an e-mail from a reader that had questions about holding DSTI. I had some concerns about DSTI. I was wondering if you still believe investment in this company or alternative energy stocks is worth it. If crude oil drops further (let say mid 50s) do you think it will have negative impact on alternative energy stocks particularly ENER and DSTI. I was very happy with the holding a couple days ago, but the performance of DSTI in last 2 days without any news has got me concerned. Let me answer your question with first a...

Shares of IDA Corp. Purchased

The fears of Rita have fallen away and the market is finally moving to the upside again this morning. I have been watching IdaTech (IDA) for purchase for a couple of weeks and I had previously mentioned I have been looking for a good entry point on this stock. IDAcorp is an Idaho power utility with electrical generation using Hydro, Natural Gas, and Coal. They also own IDATech which manufactures fuel cell solutions. I'm waiting on this one until the technical picture of the chart improves. I would be a buyer if we can either get...

Shares in Active Power Purchased

I currently don't have time to do a complete writeup on this stock, but wanted to let everyone know that I purchased shares in Active Power Inc (ACPW) this afternoon for both my personal portfolio and the mutual fund. The average price was at $3.77. I will updated this post later this afternoon with more details. Updated at 10:00 PM As I mentioned above I purchased shares in Active Power Inc (ACPW) this afternoon for both the mutual fund and my personal portfolio. Active Power designs and sells battery-free uninterruptible power supply (UPS) systems....

Shares in FPL and Calpine Purchased

This morning I purchased shares for the mutual fund in two large utility companies that both have extensive research and power generation via renewable energy. FPL Group Inc (FPL) is an electric utility that is primarily based in the South East. This company owns Florida Power and Light and has been in much of the recent news due to hurricane Katrina. FPL also owns FPL Energy which is a division that provides wholesale electric power that is generated from Natural Gas, Wind, Solar, Hydro, and Nuclear. They currently produce more Wind generated power than any company in the...

Shares in Energy Conversion Devices Purchased

Energy Conversion Devices Inc (ENER) opened up trading this morning with a gap down to the $33 level. For the last hour it has been steadily rising up from this point. As I said in my earlier post, I have been looking for a good entry point in this company and feel that the near term support of $33 is an ideal area to place an order. The stock has been on a run for several months and it is always hard to take a new position in a stock that has already seen dramatic increases...

Shares of Daystar Technologies Purchased

DayStar Technologies Inc (DSTI) has been on my radar for some time and the recent operational update created some renewed interest in the company. The stock traded up nicely over the past couple of days and it is now trading back down to the near term support due to some profit taking on the news. I have been looking for a good entry point on this stock and I feel like today is the day to make the move. Technically, the downside of this stock is that it may not be able to hold its currently levels and could...

Shares of Hydrogenics Purchased

Hydrogenics Corp (HYGS) is a developer of fuel cell technology and hydrogen generation. They are also working with wind farm technology in the generation of hydrogen. Back in January of this year they successfully completed the purchase of Stuart Energy which compliments their product portfolio. Shares of the stock have been under pressure for the last couple of months due to missed expectations on Q1 revenue results. There is also some major concern about an increase in product backlog. In August, HYGS issued their most recent quarterly earnings and are attempting to reassure the...

Lighting Science Group Purchase

Lighting Science Group Corp. (LSGP.OB) has been on my watchlist for several months. They design and market energy efficient lighting solutions with long lasting LED bulbs that can be quickly deployed in existing lighting applications and produce immediate cost savings and environmental benefits. Some key events that have attracted me to this company: They recently moved to the OTC BB off the pink sheets.They recently received a private placement of almost $7 millionAfter a several year absence they are finally a fully reporting companyThey are currently far from being profitable, but the trend on the balance sheet is...

My Alternative Energy Portfolio

I'm continuing to make changes to the site behind the scenes.One major change that I'm going to institute is to provide greater transparency in my own Alt E portfolio. The goal of this change is not for ego but to prove that this sector can be profitable for your portfolio. In future posts you will see everything, the winners, the losers, and also the what and why of each investment decision. This was one of the most frequent requests made by many website visitors. The news stories will be fewer and more focused. This will give me more time...

Optionetics Story on Alt E Stocks

Fredric Ruffy from Optionetics.com has written a cautionary article about investing in Alternative Energy stocks. If alternative fuel companies made lots of money, there would be no energy crisis today. Unfortunately, most of these companies don't. You will start to see more and more stories about this sector now that gas prices are starting to cross the $3 per gallon mark and head even higher. As I said in a previous article, this sector is currently in a trading market. While he cautions investors that are looking for the long term viability of this investment, he...

Young Financial Analysts Don’t Follow Alt E

Joel Makower has a written a good article about how "young financial analysts are extremely skeptical about the relevance" of investing in Alternative Energy and other environmental issues. You can read his article and also view the full report via Joel's website.