Our Panel of Experts
For help with this article, we turned to some of the country's leading green-investing experts (see "Smart Picks: Mutual Funds"). Carsten Henningsen is chairman of the Portfolio 21 mutual fund. Matthew Patsky is co-manager of the Winslow Green Growth Fund. Scott Pope is the senior investment adviser at Sustainable Wealth Management. David Schoenwald is the portfolio manager of New Alternatives Fund. Robert Wilder is founder of the WilderHill Clean Energy Index.
Stay on top of the green-investing world with these Web sites and newsletters. ceres.org: Ceres, a network of green investors and environmentalists working to promote "environmental stewardship on the part of businesses," offers environmental news and free reports on the corporate governance of large-cap companies. greenmoney.com: Offers tips and news about socially and environmentally responsible business and investing. socialfunds.com: Compare the holdings and performances of 75 socially responsible mutual funds and get daily market trends, stock research, and news about shareholder activism. socialinvest.org: Its database of socially and environmentally conscious financial advisers is a good place to start if you're looking to hire a pro. sustainablebusiness.com: Regular reviews of companies' financial and environmental performance. Enviro-minded money managers call the site's subscribers-only monthly newsletter, Progressive Investor, a must-read ($18 per issue or $165 per year).
SMART PICKS: GREEN STOCKS
6. Kyocera Corp. (KYO) This Japanese company makes photocopiers and mobile phones, but as Robert Wilder, founder of the WilderHill Clean Energy Index, says, "They're also the world's second-largest producer of photovoltaic cells." Market cap: $16.02 billion Share price: $85.25, up 21.7% over 12 months.
7. Ormat Technologies (ora) Since 1965, Nevada's Ormat Technologies has been building and operating geothermal power plants in 13 countries. "The stock has doubled in the last year," says New Alternatives fund manager David Schoenwald. Market cap: $1.3 billion Share price: $37.40, up 66.1% over 12 months.
8. Suntech Power Holdings Co. Ltd. (STP) China, with 1.3 billion people, "is a major market for emerging energy technologies," says Schoenwald. Suntech, China's largest producer of photovoltaic cells, is among his fund's largest holdings. Market cap: $3.96 billion Share price: $26.54, up 25.2% since December 2005.
9. United Natural Foods Inc. (unfI) Connecticut's United Natural is the largest publicly traded wholesale distributor of natural and organic food in the U.S. "They're also experimenting with biodiesel in their trucks," says Patsky. Market cap: $1.24 billion Share price: $29.31, down 15.3% over 12 months.
10. Whole Foods Market (WFMI) Austin-based Whole Foods has not only redefined the natural-grocery sector, but, says Pope, "they've set the bar very high in the sustainability area." In January 2006, WFMI announced it had purchased enough wind-power credits to offset 100 percent of its energy usage. Market cap: $7.34 billion Share price: $52.02, down 19.4% over 12 months.