Alternative Energy Companies

The Christian Science Monitor recently posted excerpts from an interview with Carey Callaghan, a co-portfolio manager of American Trust’s Energy Alternatives Fund. The discussion focused on investing in alternative energy. Given the recent defeat in the Senate on S. 3335, which would have extended investment tax credits for the installation of solar energy equipment and production tax credits for building wind and alternative energy systems, I was interested to learn more about nongovernmental investment in this area.

I had no idea that the United States possessed so many natural advantages when it came to alternative energy. According to Mr. Callaghan, “We have one of the best wind corridors in the world in the area east of the Rockies from the Dakotas all the way down to Texas. It’s very windy when you get up to 60, 80 meters, which is the height of modern-day wind turbines. Then from a solar perspective, we have the US Southwest, which has one of the best areas in terms of number of days of sunshine and solar intensity, coupled with geothermal [sources] on the coast.”

If you are searching for alternative energy companies to consider for investing, Mr. Callaghan mentions several. If you are like me and just beginning to learn about this topic, the article also provides helpful background.

Happy reading!

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