…First Solar Inc. (FSLR) and Constellation Energy (CEG) in my Blue Chip Growth newsletter to take advantage of this green trend.
Regardless of whether you're looking to do your part for the environment, you're certainly doing your part for your portfolio by investing in these "green" stocks. I've recommended earth-friendly stocks in my Emerging Growth letter as well. These stocks tend to be highly successful because they're finding ways to substitute limited resources like oil for unlimited resources like air to create power.
Take Manitowoc (MTW) for example. A few months ago this crane company, which lifts turbines to create solar energy posted a 65 cent per-share profit, up from 41 cents the preceding year. PortfolioGrader Pro rated it as an A stock then, and it continues to rate it as such now. As long as the demand for renewable energy continues, Manitowoc's stock will advance to higher ground.
Now don't get me wrong, I know doing the right thing for the planet isn't always the easiest route to take. Also, not every eco-friendly company out there is going to be able to provide you with the best profits. Personally I'm more interested in doing the right thing by my investors and then making sure I'm taking care of the land they walk on!
That's why if you subscribe to any of my newsletters (Global Growth, Quantum Growth, Blue Chip Growth or Emerging Growth) I'll bring you not only the back story of the companies I'm recommending and selling each week, but also why they're going to be the best buys in order for your portfolio to grow.
In the spirit of our recently passed Earth Day, I must admit though that it is nice to know that by owning shares of an eco-friendly company, you're helping not only your wallet, but the world as whole!
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