Green stocks continue to appeal to many investors on an emotional and conceptual level. However, many of these companies offer limited investment potential. That’s because green stocks may need a long time to move from the research or concept stage to profitability.
As well, many green stocks need government subsidies to be profitable, and the future of these subsidies is uncertain as governments around the world struggle with high budget deficits.
To cut your risk in green stocks, we continue to recommend that you focus on established firms that have a sound base of other operations, or whose products have many different uses.
This aggressive green stock’s products are used in a variety of industries
RuggedCom Inc. (symbol RCM on Toronto), provides an example. We updated our buy/sell/hold advice on the stock in the latest issue of Stock Pickers Digest, our newsletter for aggressive investing. (RuggedCom has risen 52.9% for our subscribers since we recommended it as a “buy” in the November 2010 Stock Pickers Digest. Read on for further details.)
At first glance, RuggedCom’s connection to clean technology is not immediately clear. The company makes computer-networking equipment that is used in harsh environments.
Its products are designed to reliably operate under high levels of electromagnetic interference. They can also cope with wide variations in temperature and humidity, as well as vibration and exposure to dust. They also work while exposed to such things as corrosive gases and water.
The company’s products include Ethernet switches that connect computers together and let them exchange data at high speeds. It also makes Internet-based communications networks that are faster and more functional than systems that are now used in harsh environments.
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Green stocks: RuggedCom is moving aggressively into smart meters, wind power
In 2010, the company formed a partnership with Itron Inc. (symbol ITRI on Nasdaq), a leading provider of smart meters, which let electric utilities collect and analyze their customers’ consumption data.
RuggedCom will install its RuggedMAX technology in Itron’s OpenWay smart meters. That will give utilities a more complete system as they turn their distribution systems into “smart grids.” These grids help customers control their usage, and make it easier for them to use power when there is less demand.
As well, the company recently received an order from a Chinese wind power company to supply communications equipment for a wind-turbine control system. The $2.1-million U.S. order will be spread out over 12 months.
Get our in-depth analysis of RuggedCom’s renewable-power expansion absolutely FREE
RuggedCom’s expansion into wind power could become a source of significant growth for the company. But as we mentioned, expanding into green power brings considerable risks.
In the latest issue of Stock Pickers Digest, we took a fresh look at RuggedCom and updated our analysis, based on the company’s current financial and market position, and on the outlook for renewable power. We concluded our analysis with clear, specific advice on whether you should buy, hold on to – or sell – this highly intriguing investment.
You can get our analysis and updated advice of RuggedCom, plus all the other valuable advice in this issue, absolutely FREE. It’s our way of acquainting you with this respected source of investment advice, with no cost or obligation. Click here to learn how.
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