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  • andy55q andy55q Jun 30, 2008 7:53 PM Flag

    Alternative Energy Speculator: Update

    By Nick Hodge
    I want to make sure you all are in Composite Technology Corporation (OTCBB: CPTC). This was one of the earliest stocks to be added to the portfolio—perhaps too early.

    Struggling since November of last year, this wind turbine and conductor producer has been rallying hard of late, spurred by increased capacity, new patents and new agreements.

    What's more, Composite has been the recent recipient of a $40 million institutional investment from Credit Suisse—one of the biggest boys there is.

    Prior to this investment last week, Credit Suisse owned 9.3% of Composite's outstanding shares. The additional $40 million brings that up to 23.7%, illustrating the potential they see in the company.

    And not only that, after quarterly rebalancing of the First Trust Wind ETF (NYSE: FAN), Composite was added to its list of holdings. That also bodes well.

    We've been down on this one for some time (we recommended it at $1.69), but it's not going to stay that way for long. Both the technicals and the fundamentals look good.

    If you're not in Composite Technology Corporation yet, you should be

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