I agree with your outlook. I, too, have taken the same road- starting recently with FTEK, then CDTI, APD, CABN(a real spec.)and now, EXTRA long with CPST. This stock was absolutely hammered from its IPO price some years ago. The time then was not ripe - too early, pre-Gore, pre-Iceland Sheet. But Now? We are the birth generation of a new consciousness that is only starting to boil - its financial ramifications roiling the cellar roots of corporate strategy. The hedge funds are already playing bigtime- MM up and down to the pulse of the hot whisper. So, how do us small timers play this? Ignore the pundits and follow your instinct. Do our DD and then commit with both feet! Forget recession, forget sub-prime, forget the DOW and put a reasonable portion of our spec portfolio in green. Ignore the blips and keep our eyes on the prize. Anticipate the overriding direction of green stocks and go very very long for our own health (both financially and decendently).
CPST, the company, is sound; its products are proven to be reliable and cost-saving, and it has an established global footprint (that is about to explode in China). CPST, the stock was broken and is now being fixed! It is a real sleeper with HUGE upside potential. The non-debt-laden green stocks with either products and/or "razor" business models are going to ride a wave of unprecedented and environmental policy-driven global need and consumption. Who knows, CPST may well return to its IPO price within the next 5 years. (What a dream . . . but who knows?) Hey, let's make some money that our children can enjoy!
Certainly the run that solar power companies have had over the past few months supports your position.
I agree, regardless of the price of oil, companies that reduce fossil fuel energy consumption and are better for the environment will grow and be awarded premium valuation. Of course, they have to be soundly operated.
I wonder if CPST is going to show some dramatic growth in the next 12 months. That's my holding commitment; if they can't show me they are a growth company in this supportive environment, I'll move on.