Investors took advantage of the recent tumble in gold prices to snap up as much as possible. The same strategy can work well for stocks as well and The Los Angeles Times suggests that one of the best targets could be the sometimes shaky investment of green technology.
Green investing has a number of perils, since many of the companies in the field are relatively young firms that are not certain to last. Even many of the largest firms are reliant on government subsidies both here and abroad.
That said, the market has shown a steady trend toward clean energy and away from traditional fuels. To date, renewable energy accounts for a limited portion of U.S. energy needs, but solar installations alone more than doubled between 2009 and 2010.
"We believe the clean technology trend is unstoppable," Rafael Coven, managing partner for the Cleantech Group.
The Cleantech index that the group maintains has spiked over the summer, nearly doubling at the beginning of August, but remains well below its peak in 2008. While green investments should be weighed against the risks of any given company, the sector as a whole looks set to gain.