Stocks that may offer an alternative to $4 a gallon gas
Now 41years old, Earth Day has evolved from a heady protest against pollution to a mature reminder of man’s responsibility to Mother Earth. And with gas topping $4 a gallon in many parts of the country consumers are fed up and eager to find an alternative to fossil fuels. Further, the massive oil spill in the Gulf of Mexico and the near meltdown of several nuclear reactors in Japan has people thinking of power sources that don’t destroy the planet.
Investors are following closely firms that offer energy that doesn’t rely on dinosaur bones and split atoms. We asked our options experts to suggest trades on several of the most interesting of these stocks and exchange-traded funds. Their list ranges from First Solar (NASDAQ: FSLR)to hazardous waste clean-up firm Clean Harbors (NYSE: CLH) to Guggenheim Solar ETF (NYSE: TAN),a fund that tracks solar energy firms around the globe. And we even have a gold mining fund, a bit of a stretch, but heck, gold comes from the Earth right?
Please click through to find five high-powered Earth Day option trades.