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Harris Roen
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Harris Roen is a financial writer with a passion for understanding the economic activity of our interconnected world. His previous experience of over 15 years as a professional portfolio manager helps him ground-truth the hype through independent research and analysis, providing valuable... More
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Roen Financial Report
  • Investments in Alternative Energy Companies Rise Dramatically 2 comments
    Oct 13, 2011 7:43 AM | about stocks: GE, FSYS
    Despite fears of a recession and an economic slowdown, investment activity in alternative energy companies is on the rise.
     
    A recent report from the Cleantech Group confirms that venture capital investments in renewable energy for the third quarter of 2011 were up 12% from this previous three months. Total investments were $1.98 billion, which was fully 23% higher than that of the same quarter last year.
     
    North America had by far the largest representation, making up over three quarters of the venture capital invested. The Asia/Pacific region invested 14%, and Europe/Israel accounted for 10%.
     
    What I find most interesting is that Solar was displaced as the largest area of alternative energy investment. Instead, Energy Storage topped the list of investment sectors, garnering $514 million, or 42% of venture capital spent (see chart below).



    This is a significant change, pointing to a broader interest in development of the smart grid and electric vehicles. Readers of the Roen Financial Report can find good opportunities for publicly traded stocks in these areas, including General Electric (NYSE:GE) and Fuel Systems Solutions Inc (NASDAQ:FSYS).

    You can read a more detailed analysis of venture capital investment by alternative energy companies in the Cleantech press release.



    Themes: Alternative Energy Stocks: GE, FSYS
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Comments (2)
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  • supak
    , contributor
    Comments (8) | Send Message
     
    Energy storage is a big deal.

     

    SolarReserve is a private company with the molten salt concept that came from Rocketdyne people.

     

    What are the publicly traded companies doing this kind of work?
    23 Oct 2011, 04:47 AM Reply Like
  • Harris Roen
    , contributor
    Comments (74) | Send Message
     
    Author’s reply » Though it is not a pure play, Pratt & Whitney Rocketdyne is a subsidiary of United Technologies (UTX). I know of no other publicly traded companies using molten salt technologies. Trading in the mid-70s. I believe UTX is priced at fair value. (BTW, United Technologies is a component of the Roen Financial Report’s Paradigm Portfolio
    24 Oct 2011, 12:21 PM Reply Like
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