This post is part of a special annual report -- Top Stock Picks '09 -- in which TheStockAdvisors.com asked 75 leading newsletter advisors to select their favorite investment for the new year.
"If there ever was an opportunity to move energy efficiency strategies into the top-tier of national and industrial policy, it's now," says Toby Smith, referring to President-elect Obama's stated focus on renewable energy.
In his industry-leading ChangeWave Investing, which focuses on isolating emerging, long-term investment trends, he states, "The question isn't really if solar companies will benefit, but when." As a favorite idea for 2009, he looks to SunPower Corp. (NASDAQ: SPWRA).
"President-elect Obama seems to be the right person to push energy-efficiency initiatives through -- especially since he is preparing a massive stimulus program that will be unleashed soon after his inauguration on Jan. 20.
"The core of Obama's economic policy appears to be a strategy to transform the United States into an economy mostly powered by renewable and low-carbon energy generation by mid-century. This includes everything from solar to natural gas to nuclear.
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