Senator Obama wasn’t the only winner on election night. Certain investment sectors won as well, including alternative energy.
Senator Obama pledged to spend $150 billion on alternative energy during his campaign, and wind energy is an area of interest. With the current financial crisis, he might not be able to devote that much to alternative energy right away – but over the next four years, you can bet government money will be directed at wind and solar energy companies.
One company that I like is Otter Tail (OTTR). Otter Tail has dropped over the last year with the rest of the energy sector, but it stands to be one of the winners in the wind energy lottery. The company is not only producing wind energy, it sells wind towers. It also pays a nice dividend of 5.6 percent.
Wind stocks are not going to shoot straight up over the next few months, but over the next two or three years they will benefit from President Obama’s plans. Adding Otter Tail to your portfolio will allow you to benefit as efforts are made for America to move away from fossil fuels.[Ed. Note: Making smart choices now will pay off in the long run. And that’s what investment analyst Rick Pendergraft aims to do with his KISS program – teach you how to make the best, smartest choices when it comes to where you put your money.]