Essex Investment Management Likes Alternative Energy Stocks Evergreen Solar and Cypress Semi (ESLR, CY)

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 |  Includes: CY, ESLRQ
by: David Jackson

In this weekend's Barron's interview, Essex Investment Management CEO Joseph McNay says the following about alternative energy stocks:

One area of energy that doesn't get much attention is alternative energy. It certainly has to get developed and get more attention. My favorite area there is solar, and there is a company called Evergreen Solar [ESLR], which supplies the glass for the collection of the energy, which I think is a wonderful long-term investment. Cypress Semiconductor [CY] is spinning out its division that makes chips for solar, probably sometime next month, and so there is more recognition of this area. Evergreen is a pure play and does very well. There is more demand for solar energy, and solar is also subsidized by local governments. Evergreen is in a very good position.

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