"With oil over $100, and voters increasingly attuned in this political season to the need for clean and renewable fuels, the alternative energy industry is ripe for investment," says David Sandell.

The contributing editor to Stephen Leeb's The Complete Investor, explains, "We're adding American Superconductor (NASDAQ: AMSC) – an energy tech leader that helps the electric grid to function better – to our 'Fast Track' portfolio."

"American Superconductor designs and sells products geared to utilities, industrial companies, and wind energy developers. Its offers are designed to help these customers to generate and deliver electrical power more efficiently, cleanly, and reliably.

"The company has two chief divisions. Its profitable Power Systems segment sells power converters to utilities and industrial customers, both in the U.S. and internationally. The point of these converters is to regulate voltage, thereby improving the performance of the electric grid – making it more efficient (and energy-conserving) as well as reliable.

"The company is teaming up with the Department of Homeland Security as well as with Con Edison on a grid upgrade for New York City that would increase capacity and suppress power surges.

"In 2007, beefing up this division, American Superconductor made two significant acquisitions. It bought Windtec, a company that specializes in wind energy – licensing proprietary wind turbine designs, training workers to maintain turbines, and supplying converter and control systems to wind farms.