Hottest Stocks in 2008: Green Energy
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The amazing jump in clean-energy stocks in 2007 looks likely to continue in 2008. Driven by record oil prices and investors’ enthusiasm stoked by global warming fears, emerging energy technology like winds and biofuels may get their chance to boom.
The WilderHill clean energy index - an index of 48 large U.S. stocks in the renewable energy sector - rose over 58 percent for the year. That compared to an 8 percent gain in 2006 and an anemic 5 percent rise in 2005.
Solar was the big winner in 2007. Most solar stocks in the index rose over 100 percent. the stocks have pulled back a bit and experts encourage a look at wind and energy efficiency specialists. The biofuels sector is expected to rebound after taking a beating last year.
