“Green” or “environmentally friendly investing”, an idea that has existed for decades before the latest social and media buzz about “investing in green”, represents an effort by investors to actively support the protection of the environment by researching and paying attention to how corporate behavior affects the environment.
Some Green Investment Candidates
1. Cree Inc. – A company based in Durham, NC, specializes in developing and manufacturing light emitting diode (LED) products. Their aim is to “to obsolete the incandescent light bulb through the use of energy-efficient, environmentally friendly LED lighting — they are really serious about this stuff! Cree products are used in an extensive range of products from video screens to wireless communicators to microwaves. According to the Corporate Governance Quotient (CGQ) of this year, it is better than 62.5% of S&P 400 companies and 81.9% of Semiconductors & Semiconductor Equipment companies. And, with a Quarterly Earnings Growth (YOY) of 1,011.60%, it is definitely holding its own and then some. https://www.cree.com/investor/annual.asp
2. Canadian Solar Inc, (NASDAQ; CSIQ) is one of the largest solar panel producers in the world. They specialize in converting solar power to electricity to make products such as solar powered car batteries, solar-powered bus stop lighting. Canadian Solar has also worked in cooperation with government agencies to bring solar power to rural areas of the People’s Republic of China.
3. Ormat Technologies, Inc. (NYSE: ORA) provides geothermal energy to businesses worldwide by developing green, sustainable energy solutions. They develop and manufacture more of the equipment they use in plants. Ormat is also dedicated to working with schools to promote “Green Energy” education in classrooms.
There are hundreds of alternatives for “investing in green”. We plan to mention quite a few more. The mere mention of alternatives is not the same as an endorsement. As with all investments its important to perform your due diligence, with the added need to perform your “green due diligence” by asking “is this company’s product or service REALLY more environmentally friendly”.