5 companies for the green business investor – by Robert Stricklin
Looking to invest in some solid companies, but wondering about their commitment to a cleaner environment?
There are any number of publicly traded companies that are positioned to benefit from the move toward alternative fuels. Here are several worth considering:
- Applied Materials (Nasdaq: AMAT) – This major Silicon Valley technology company makes equipment used to manufacture LCD flat-panel displays, photovoltaic cells and film, and the tools to fabricate energy-efficient glass. At a current stock price of approximately $13 a share, it’s considered a bargain.
- Covanta (NYSE: CVA) – Headquartered in Fairfield, New Jersey, this corporation operates dozens of plants across the country that burn trash and municipal waste to make steam and heat for power generation. This source of renewable energy helps cut down on the amount of trash that ends up in landfill and pollution from other energy sources.
- Johnson Controls (NYSE: JCI) – In addition to being the leading supplier of HVAC systems, this Milwaukee-based company supplies long-life. Lithium-ion batteries for hybrid vehicles.
- Tesla Motors Inc. (Nasdaq: TSLA) – This Palo Alto, California based company designs, develops, manufactures and sells electric vehicles and advance electric vehicle power train components. Recently, it unveiled a seven-passenger electric SUV, the “falcon-wing” Model X.
- United Technologies (NYSE: UTX) – This industrial conglomerate is focused on energy conservation within its own organization and through the products it markets. It manufactures more energy-efficient Otis elevators and Carrier heating and air conditioning units, and also makes fuel cells for buildings, transit buses and the U.S. space program.
For more information on these and other publicly traded companies that are taking the lead on sustainability, visit http://www.kiplinger.com/magazine/archives/2007/10/25green2.html?kipad_id=x.
Written by Robert Strickln (examiner.com)