Investing: Green technology has big growth potential

Source: Andrew Leckey, The LA Times

Buying stocks of companies that play a significant role in the environment and energy conservation can be highly speculative. Thinking long term, however, green investing makes some sense. Taking advantage of greatly reduced stock prices is a tricky business. One strategy is to find an investment area so certain to grow that it will be around long after market traumas subside. Green investing, which offers the added potential that innovative companies will get snapped up by bigger firms, could be one of those areas. Buying stocks of firms that play a significant role in the environment and energy conservation can be highly speculative, as indicated by the beatings so many have taken this year. Fledgling green endeavors such as solar and wind also benefit from government subsidies that aren't guaranteed to last forever.

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