Thursday, April 05, 2007

Energy BlogWatch

Heard around the blogosphere:

Alt Energy Stocks :

We have also noted how the seeming lack of attention wind receives from retail investors, despite the fact that wind is a proven technology nearly competitive with conventional grid power, likely stems from the fact that there just aren't a great deal of 'exciting', headlines-grabbing wind stories in North America. Wind just keeps on growing quietly (albeit very rapidly), and North American investors are paying that growth next to no attention. The same definitely cannot be said of solar, with its plethora of exotic Chinese plays and its engrossing contest for technological supremacy. At the end of the day, though, wind is a proven and well-understood business with a good track record...which cannot always be said of solar.
AltEnergy Investor:

Apart from which, I like Hydropower - it is proven technology, can deliver clean energy in gigawatt scale and does so at the lowest possible cost compounded over the lifetime of the plant - up to 200 years. So my personal view is that exploiting fully amortized hydropower is an excellent long-term bet.

I'm not saying that you shouldn't invest in alternative energy stocks. Some people will probably make a lot of money with these stocks. But don't go with the Mary Meeker thesis of "a few big winners to cancel out the vast majority, which will be big losers." That didn't work with internet stocks and I don't think it will work with alternative energy stocks either. If you want to make money in this industry, you will probably have to sink or swim with stock picking.
Have a blog you'd like me to check out? Drop a note in the comments and I'll check it out!

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