As more Big Oil companies try to look as though they are “going green,” many investors are actually doing so. Indeed, Big Oil companies like BP (BP) and Chevron (CVX) are not the only ones looking to alternative energy investing. Individual investors are starting to like the look of green investing. Or they were until the recent stock market bloodbath.
But, just as the stock market struggles have created an opportunity for housing stocks, there are alternative energy investing deals out there too. And solar stocks are providing an interesting opportunity for bargain investment.
Alternative energy stocks in general took a hit, but the nice thing about solar stocks is that they are recovering. They are new-ish, so they also carry more risk (small cap = higher risk). But, they also offer the chance to get in on a bargain investment in one of the more popular alternative energy options. After all, the technology for solar power is here now, and future developments will mean improvement to the existing workability of solar power.
So, what’s out there? Well, Solarfun (SOLF) and Evergreen Solar (ESLR) are bargain basement investment options. We’re talking less than than $15 a share bargain. The favorite solar stock for investors is FirstSolar (FSLR). But that stock is expensive — right around $100 a share. You won’t be able to buy as many shares. But it is considered a more solid solar stock than the other two.
It comes down to your risk tolerance, and how much you think alternative energy investing, and particularly solar stocks, will take off in the next few years. But one thing’s for certain: If you get in now, and if alternative energy is here to stay, then you will likely be doing very well in 10 years. Of course, it could go the other way.
Disclaimer: I am not an investment professional. You should choose your investments based on your individual situation, your own research and/or consultation with an investment professional.