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Current DateTime: 03:55:51 30 Nov 2009
LinksList Documentid: 30328029

CNBC Stock Blog

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Jan.14
11:43 AM ET
Wednesday, 14 Jan 2009
Clean & Efficient: Stocks For The Coming Power Grid

Alex Kurtz of Merriman Curhan Ford thinks green is smart. 

"We see this as a massive investment opportunity over the next three to five years," he told CNBC. "These are not science experiments in the clean-tech space; this is really about installing the backbone for the next generation of energies that are coming online."

Green
Kurtz sees three key areas in the space: advanced meters, upgrades of power substations, and transmission lines.

"The important thing about this space right now is, what's going to happen with the Obama stimulus plan," he said. "There's a lot of discussion within the smart-grid sector that he will allocate either a tax credit or some kind of direct investment into these projects."

Time to name names.

Recommendations

"Our top pick in the space is Itron [ITRI  Loading...      ()   ], the market leader in the United States for advanced metering" of electricity, water, gas and heat, he said. 

"Esco Technologies [ESE  Loading...      ()   ], another key player in the metering space; they have a key deployment in California."

But all that carefully-measured power has to be moved from place to place.

"On the transmission side, we like ABB [ABB  Loading...      ()   ], a very large company focused on power and transmission investments around the world, and American Superconductor [AMSC  Loading...      ()   ]; they make wind turbines, but they also make equipment that gets wind energy integrated onto the grid."

Disclosures:

Kurtz's firm makes a market in Itron, and as such, buys from and sells to customers on a principal basis.

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© 2009 CNBC.com

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