Forget 'Green' Energy Stocks — For Now

Alternative-energy stocks may be running out of gas, says Jerry Castellini of CastleArk Management.

Today's Market Outlook
Today's Market Outlook   

He told CNBC that the recent plunge in crude oil prices — and the smaller decline in gasoline prices — has removed much of the motivation to identify and develop "green" and renewable energy sources.

"They really needed $100 a barrel [oil] to make the economic case for these transitional technologies," he said.

Therefore, Castellini said, the smart money should be considering "traditional energy companies" — despite lower crude prices.

Top Alternative Energy Stocks:


Trinity Industries
Otter Tail
Tetra Tech


First Solar
Evergreen Solar


Disclosure information was not available for Castellini or for his company.