nigel

Buying Broadwind on GE, Gamesa Wind Energy Deals

whoops, The Merrill New Energy fund is now the Black Rock New Energy fund (BRNE.L). Still MLGYF.PK in the US I think.

I'm not necessarily recommending it at the present price--it could just as easily go down 40% as up. But for the long haul alt energy funds still seem like a pretty good bet to beat the market.

Buying Broadwind on GE, Gamesa Wind Energy Deals

Just for some perspective, I made 80% in six months on Broadwind back when it was Tower Tech, trading for $2/share. Am I disappointed that I didn't hang onto some and have a ten bagger? Sure, but it was overvalued then, and in the meantime, they've gone from making a little money to losing quite a bit. I admire their focus on a very strong growth industry, but these little companies are very, very volatile investments. Wind power is not rocket science, and there is a lot of competition.

Want a piece of Clipper, Vestas, and Gamesa? Try the Merrill Lynch New Energy Tech fund (MNE.L or MLGYF.PK). Buying European stocks really isn't hard--a lot of them trade as ADRs, or you can get an Etrade Global account and buy them directly on the London, Frankfurt, etc. markets. But they tend to have restrictions--Clipper is almost impossible to buy unless you have the right broker, and Vestas and Gamesa have 100 share minimums--a big chunk of change in the case of Vestas, which has tended to trade at very high P/E. So the Merrill Fund makes it easier to diversify.