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Clean, Green Energy Gets Investors Interest
JoAnne Von Alroth, April 17, 2007 (Investors Business Daily via Yahoo News)
PowerShares WilderHill Clean Energy Fund, environmental technology researcher Robert Wilder, founder.
A small-cap growth exchange traded fund (43 stocks, total average market cap of $1.2 billion, the largest of its kind) doing extremely well in the market on the strength of booming interest in New Energy among socially conscious investors.
PowerShares WilderHill closed at $20.08 on Wednesday, April 25, 2007.
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PowerShares WilderHill is traded on the American Stock Exchange.
Some of WilderHill’s top holdings have recently increased in value as a result of new deals:
- American Superconductor specializes in making electric power systems more efficient. Its Windtec subsidiary won a multimillion-dollar contract from Dongfang Steam Turbine Works, one of the largest Chinese steam turbine manufacturers.
- SunPower (subsidiary of Cypress Semiconductor) announced it will form the first nationwide network of solar power system sellers/installers/service providers. Some numbers on SunPower: RS: 95, EPS: -22 cents, 2005; +51 cents, 2006; Earnings up 800% in Q4 2006, projected Q1 2007 earnings up 375%.
“When it comes to energy, the power right now is behind the green.”