This post is part of a series in which TheStockAdvisors.com asked financial experts to name their top stock pick if McCain or if Obama wins the election.
"An Obama administration is likely to be very aggressive in subsidizing and promoting alternatives, including a windfall tax on oil firms to support development of alternative energy; SunPower Corp. (NASDAQ: SPWR) is our pick to play an Obama victory," says Elliott Gue in The Energy Strategist.
"Obama's energy plan calls for generating 10% of electricity from renewable sources by 2012 and 25% by 2025, an aggressive goal when you consider that less than 3% of America's power comes from non-hydropower renewables today.
"Obama has also proposed a windfall tax on oil companies that would be used to support the development of alternatives like solar and wind power.
"SunPower manufactures and sells photovoltaic (PV) solar panels for the residential, commercial and utility-scale markets.
"Residential and commercial solar systems are solar panels installed on the roofs of homes and businesses, designed to supplement power supply from the electric grid.
"And SunPower recently won a contract with Florida-based utility FPL to build the largest photovoltaic plant in North America, a 25 megawatt utility-scale plant in DeSoto County, Florida.
"One of the most important considerations with solar panels is their efficiency ratio, a measure of how well solar cells convert light energy into electric power.
"SunPower's main advantage is that its cells have an average efficiency of 22% compared to an industry average of just 15% -- SunPower's cells are the most efficient in the industry.
"That means that SunPower can generate the same amount of energy as competitors' cells using a far smaller panel. SunPower rates a buy under $110."
Steven Halpern's TheStockAdvisors.com offers a daily look at the latest market commentary and favorite stock picks and investment ideas from the nation's leading financial newsletter advisors.
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Reader Comments (Page 1 of 1)
10-05-2008 @ 7:20PM
Alamde said...
As americas death is ensured such uses of technology and science and women will have no breath. This image of business and commerce that our Obama presents is what proves most useful. As there will be no more life in americans or memory of america there will be no need for americans to seek power. They will have no need for anything, of course.
10-05-2008 @ 9:39PM
H-Bomb said...
Alamde,
Nice English. Hopefully you have been inoculated against the Arab virus that we have been developing. Your culture offers nothing and will soon be cleansed.
10-05-2008 @ 11:07PM
M. Young said...
Government subsidized housing projects Fannie, Freddie, ACORN, etc. that are poorly ran have made major contributions to Obama. Bidn voted for deregulation in 1999 that is blamed for this financial crisis.
Many billionaires have contributed to Obama's campaign.
Check out what his billionaire friends (ie Opra, Penny Pritzker, etc) have invested in & follow suite.