By Market News Video Staff, Tuesday, February 1, 1:55 PM ET
President Obama, in his State of the Union address, focused on the need for America to pursue clean energy technology. He said that clean energy is "an investment that will strengthen our security, protect our planet, and create countless new jobs for our people."
Obama pointed to an example of a small Michigan roofing company that utilized a government loan to start manufacturing solar shingles that are being sold all across the country, and went on to say that America has begun to reinvent our energy policy. He issued a challenge to America's scientists and engineers to assemble teams of the best minds in their fields, and focus on the hardest problems in clean energy.
Investors looking for green technology to put some "green" in their wallets are turning to public companies and ETFs that could potentially gain from the President's push toward this sector. First Solar (NASDAQ:FSLR), the largest manufacturer of thin film solar modules, has seen their stock gain 17.5% in the last three months.
Vestas Wind (VWDRY), which develops, manufactures, and maintains wind technology to generate electricity, has seen their ADR gain 10.75% in the last three months.
Nuclear is another option that comes into play when focusing on clean energy, and uranium stocks aren't being left behind. Cameco (NYSE:CCJ) is up a whopping 35.6% in the last three months.
Investors looking to diversify across clean energy can turn to ETFs. There are several ETF options now for clean energy that focus on solar, wind, nuclear, or a combination of all the above. One interesting new option is the Global X Lithium ETF (AMEX:LIT). Previously a little-known metal used primarily in the pharmaceutical and industrial sectors, lithium is now considered to be essential to the future of green energy due to its unparalleled energy storage capabilities. The ETF currently has 19.37% of its holdings in Sociedad Quimica y Minera (NYSE:SQM), the world's largest lithium producer. SQM's three main lines of business are specialty plant nutrition, iodine, and lithium. Sitting at 16.08% of the ETF is FMC Corp (FMC) which has positions in agricultural, industrial and consumer markets, and amongst other things, powers batteries. Another top holding is Avalon Rare Metals (AVL) which presently owns five rare metals and minerals projects in Canada, including Separation Rapids, a lithium project in Ontario. The LIT ETF is up 12.82% in the last three months.
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