Green Stocks — Insight into Understanding and Selecting the Best
The search for green stocks, and the idea of green investing in general, is gaining a lot of momentum. Here, we explore what exactly makes a stock green and look at some strategies for investing in these kinds of stock.
What is Green Investing?
If you were to buy stock in a company that was green, you would be buying a green stock. Green Company? A Company that is environmentally responsible. For instance, companies that focus on renewable energy, recycling, water management, natural and organic products could all be classified as green companies.
Some companies that are considered green
Here are some examples of companies that come under the green market sector: Solar Energy:
GT Solar International, Inc.(SOLR) This New Hampshire based company manufactures specialty components for the solar industry. First Solar, Inc.(FSLR) is engaged in the manufacture and sale of solar modules. It also designs, constructs and sells photovoltaic solar power systems.
Renewable Energy:
WaterFurnace Renewable Energy Inc. (TSE:WFI) WaterFurnace Renewable is a Canadian company that specializes in HVAC systems (Heating, Ventilation & Air Conditioning) that are very different from the conventional ones we're used to seeing. The company’s systems take advantage of steady temperatures below ground to provide heating and cooling for residences and businesses. These systems pay for themselves in a reasonable amount of time. And, what's more, the Federal Government pays for 30% of the cost of these systems. American Superconductor (AMSC) makes electrical systems for wind farms and turbines. They also offer Smart Grid technologies for grid operators to optimize grid capacity and integrate renewable energy sources into the grid.
Organic Products:
Green Mountain Coffee Roaster (GMCR) specializes in organic coffee. Since 2001, Green Mountain has been selling fair trade coffee.... coffee purchased directly from the growers at a higher price but through healthier working conditions. Green Mountain Coffee Roasters also sells an all-natural paper hot beverage cup. Produced in partnership with NatureWorks and International Paper, the cup is lined with a bio-plastic made from sugar – a 100% natural and renewable resource
This is just a snap-shot of companies whose stock is considered green stock. We encourage you to read more about these companies to develop a better understanding of the concept of green investing.
In summary, we've looked at green investing fairly comprehensively with some good examples of green companies. We've also discussed in detail how to go about investing in green companies. We wish you luck in your green investing journey.
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