Clean Energy Stocks: Obama Exchanges Words Over Oil Prices

Posted:03/09/12
By:Alexander Crawford

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Clean Energy Stocks: Obama Exchanges Words Over Oil Prices

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The Iran nuclear crisis and rising global demand have spiked gas prices to over $4 a gallon, and both sides of Congress are exchanging words over the sensitive economic issue. (STAY AHEAD OF THE CURVE: Follow Kapitall on Twitter)

“We are not going to be able to just drill our way out of the problem of high gas prices,” Obama told workers at a Daimler Trucks North America factory…Anyone who tells you otherwise either doesn’t know what they are talking about or they are not telling you the truth.” (via Reuters)

According to Reuters, “Obama’s long-term fixes include raising fuel economy standards and providing incentives for Americans to make and buy products that run on alternative energy,” such as increasing the tax incentives on electric cars and alternative-fuel trucks from $7,500 to $10,000.

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Do you think the clean energy industry will benefit in the coming years as oil becomes more and more unaffordable? For a closer look at the industry, we ran a screen on clean energy companies (those that use or produce clean sources of energy) for those that company insiders expect to outperform.

We screened for those with the highest levels of insider purchases over the last six months, indicating insiders such as members of the board and upper management expect these names to outperform.

Do you think they’re poised to outperform?

Interactive Chart: Use the Compar-O-Matic to compare analyst ratings for the stocks mentioned below:

1. American Superconductor Corporation (AMSC, Earnings, Analysts, Financials): Provides wind turbine designs and electrical control systems primarily in North America, Europe, and the Asia-Pacific. Over the last six months, insiders were net buyers of 938,000 shares, which represents about 2.41% of the company’s 38.85M share float.

2. China Recycling Energy Corporation (CREG, Earnings, Analysts, Financials): Provides energy saving and recycling products and services in the People’s Republic of China. Over the last six months, insiders were net buyers of 100,000 shares, which represents about 0.82% of the company’s 12.21M share float.

3. FuelCell Energy Inc. (FCEL, Earnings, Analysts, Financials): Engages in the development, manufacturing, and sale of high temperature fuel cells for clean electric power generation primarily in South Korea, the United States, Germany, Canada, and Japan. Over the last six months, insiders were net buyers of 180,000 shares, which represents about 0.14% of the company’s 125.50M share float.

4. Federal Signal Corp. (FSS, Earnings, Analysts, Financials): Designs and manufactures a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers worldwide. Over the last six months, insiders were net buyers of 79,500 shares, which represents about 0.13% of the company’s 60.05M share float.

5. Republic Services, Inc. (RSG, Earnings, Analysts, Financials): Provides nonhazardous solid waste collection, transfer, and disposal services in the United States. Over the last six months, insiders were net buyers of 7,694,475 shares, which represents about 2.53% of the company’s 303.85M share float.

6. MEMC Electronic Materials Inc. (WFR, Earnings, Analysts, Financials): Engages in the development, manufacture, and sale of silicon wafers for the semiconductor industry worldwide. Over the last six months, insiders were net buyers of 355,195 shares, which represents about 0.15% of the company’s 230.07M share float.

(Written by Alexander Crawford. Insider data sourced from Yahoo! Finance.)

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