The PowerShares WilderHill Clean Energy (PBW) exchange traded fund (ETF) could be paving the way of the future. As environmental concerns increase, alternative energy methods seem to offer the most promising solutions to these problems. Hence, conscientious investors are eager to invest in these areas. The name alone makes everyone feel good: PowerShares WilderHill Clean Energy Fund. It’s like stepping into a fresh mountain spring.
Even Congress is starting to come around to the alternative energy’s side, says Jack Uldrich for the Motley Fool. This could explain the renewed strength for PBW, as the ETF saw a new weekly high, reports Nick Perry for Schaeffer’s Investment Research. PBW is up 6.5% for last week and is up 25.9% year-to-date.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.