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Current DateTime: 08:21:18 26 Nov 2009
LinksList Documentid: 30328029

CNBC Stock Blog

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Apr.22
11:45 AM ET
Wednesday, 22 Apr 2009
Strategist: These 3 Green Stocks Can Make Money

Brent Wilsey has a new take on the phrase "market environment."

The president of Wilsey Asset Management has some suggestions for investors looking to "green up" their portfolios with the stocks of environmentally-conscious companies.

"If you do your homework here, you can find green companies that will actually put some green in your pocket down the road," he told CNBC.

Recommendations:

Appropriately enough, Wilsey's first pick is First Solar [FSLR  Loading...      ()   ].

Green Invests Here | See Complete CoverageGreen Invests Here | See Complete Coverage
"This company has sales growth of 140 percent year-over-year," he said.  "Their earnings are up 111 percent; you're only paying about 17 times forward earnings, and the debt-to-equity is only 13 percent."

Another sunny selection is GT Solar International [SOLR  Loading...      ()   ].

"GT Solar actually makes the equipment, First Solar sells the equipment," he said, explaining the difference between the two companies.  "Sales are up 380 percent; you're only paying eight times forward earnings."

Although there's no debt on the company's balance sheet, Wilsey points out that $50 million of the company's $69 million total equity is in intangible assets.

An older green favorite is ethanol producer Archer Daniels Midland [ADM  Loading...      ()   ].

"Their sales grew by 14 percent year-over-year," he explained, although he admitted that ethanol demand has dropped.

Disclosures:

Disclosure information for Brent Wilsey was not immediately available.

Disclaimer

© 2009 CNBC.com

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