Monday, June 23, 2008

Green Ceiling: Are High-Flying Alternative-Energy Stocks Due for a Fall?

Dow Jones & Company is a treasure. Two of the last three links were to the online Journal and MarketWatch. This one is to a Journal blog. From Environmental Capital:

Alternative energy companies have long cheered high oil prices, figuring it would make them even more competitive and attractive. But even if there’s seemingly no limit to oil-price rises, clean-energy stocks are hitting the wall.

Plenty of governments around the world, from London to Beijing, are falling over themselves to promote renewable energy like wind and solar power—both to fight climate change and offer succor against ruthless fossil-fuel price hikes. Even where governments aren’t quite promoting clean energy (like in the U.S.), the market is doing the rest, driving record growth in wind power....MORE