Clean Energy Stocks Gone With The Wind
By Tom Konrad (AltEnergyStocks):
Unenchanted April
After a great January, the last three months have not been kind to clean energy stocks. While my model portfolios are still in positive territory (+5.4% and +0.9% for the unhedged and hedged portfolios, respectively), and are above my clean energy benchmark (The Powershares Wilderhill Clean Energy ETF (PBW), -3.4%), they have again fallen behind my broader market index, the Russell 2000 (+7.3%.)
Gone with the Wind trailer, public domain
Gone With the Wind
April saw the chances of an extension of the federal Production Tax Credit (PTC) for wind diminish significantly when Congress failed to attach it to the payroll tax cut extension. In an election year, the chances of a stand-alone PTC extension getting through Congress look slim, despite the massive numbers of layoffs expected in the wind industry without an extension. Even if the PTC is extended next year, the diminished wind industry capacity willComplete Story »
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