ETF Investing Pick No. 3: A Wind Energy ETF That Soars
Finally, we’ve discussed the immense boom in alternative energy stocks over the last 18 months, and the immense boost in profits from the U.S. oil and gas sectors.
Wind power represents 4.1% of electricity generation in the United States – but that’s just a fraction of the sector’s potential. The AWEA reports that the U.S. land and offshore wind energy potential could provide 13 times that level of electricity. What’s been hindering the sector’s potential is dependency on taxpayer support.
“Can an energy source be considered sufficiently profitable to justify broader investment if its break even operations are dependent upon taxpayer support?” Money Morning Global Energy Strategist Dr. Kent Moors asked last month.
Dr. Moors believes that Denmark-based Vestas Wind (OTCMKTS ADR: VWDRY) is benefiting from industry changes that wean it from taxpayer support. VWDRY shares have soared by 389.18% in just a year, signifying its success with market proof.
It’s just a matter of time before the rest of the sector catches up, creating untold profits for investors.
The best way to capture the coming growth is with a diversified ETF investing strategy through First Trust Global Wind Energy ETF (NYSE Arca: FAN). FAN owns a portfolio of equities that provide goods and services to the worldwide wind energy industry.
FAN stock gained 52.89% over the last year and is up 9.52% in 2014. Shares traded at $12.43 on May 7.
We’re in the midst of the greatest investing boom in almost 60 years. And rest assured – this boom is not about to end anytime soon. You see, the flattening of the world continues to spawn new markets worth trillions of dollars; new customers that measure in the billions; an insatiable global demand for basic resources that’s growing exponentially; and a technological revolution even in the most distant markets on the planet.And Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. In fact, we believe this is where the only real fortunes will be made in the months and years to come.