American Superconductor (AMSC)
By
Brendan Coffey, Analyst and Editor of
Cabot Green InvestorFrom Cabot Wealth Advisory, 7/14/08
Sign up for free Cabot Wealth Advisory e-newsletterLast week, oil billionaire T. Boone Pickens launched his "Pickens Plan," a media campaign to get
renewable energy policy entrenched in the next administration's
thinking. Through a combination of newspaper and television ads,
Facebook and LinkedIn efforts for the young networking savvy and media
coverage for everyone else, the Texas oil king wants to end "our
growing and dangerous dependence on foreign oil." This is the
opportunity, his July 8 press release blares in boldface, "to do
something we should have done 30-40 years ago." When the oil barons
start going Green, you'd better take notice.
One potential winner from Pickens' recent push on domestic wind energy could be
American Superconductor (AMSC).
The Massachusetts-based designer of wind turbines and highly conducive transmission wires showed a good upward trend as well as a good story (big exposure to China and GE uses some of its components in some turbine lines), solid management and improving financials, so we recommended it to readers in the May issue of Cabot Green Investor when it was at 26. Shares vaulted above 41 in mid-June. And it's still strong today.
Editor's Note: Brendan Coffey is the editor of Cabot Green Investor. If you're ready to focus on the next great wave of growth, Cabot Green Investor might be right for you. It applies Cabot's time-tested growth stock picking and market timing systems to the Green sector.
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