Stock talk for the main street investor.

The President Talks Energy

Today the president spoke at an Iowa wind blade plant about the need for energy changes in the US. Now that health care is done (sort of) and financial reform seems to be heading through congress I wonder if this is going to be his next big push.

I’ve made no secret of liking renewable energy. I’ve been long First Solar (FSLR), Sunpower (SPWRA) and MYR Group (MYRG) for a long time and recently added Vestas Wind Systems (VWDRY). These are all fundamentally strong companies even without major changes in the US but my upside hope is that some sort of reform happens with energy. Wind and solar only need only a small nudge from the government to surpass natural gas and even coal as energy sources. When they do surpass these sources it’s like going over a demand cliff (only inverse). Wind and solar would take off.

The other challenge is power infrastructure. Hopefully some thought will be put into this area as well. For now I’m just happy to see the President talking about energy policy again. It’s about time we make some changes.

Disclosure: The Mayor is long FSLR, SPWRA, MYRG and VWDRY.

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