We have been researching alternative energy investment plays and have added several stocks to our portfolio. Here we present a model portfolio and a watch list of stocks and mutual funds which we may invest in later.

We are looking for many alternative energy stocks to rise with the sea change in energy prices. Although all green stocks have done well recently, we are beginning to see some outfits remain interesting and others to not have much future. Beware so-called "green" investments. Look at what the companies actually want to do and use your own knowledge of alternative energy to do a sanity test.

Disclaimer: We are not investment professionals and actually have a not-so-good record in stock investments over the past ten years. You must do your own research and make your own investment decisions. We do not recommend or not recommend buying any of these holdings with real money.

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Current Portfolio, Autumn 2006 updated 10/13/06

IHDR.OB - Internal Hydro International, Inc.
Web Site: http://www.internalhydro.com
This holding breaks our normal rule against penny stocks. This company is trying to bring to market a small self-contained hydro power generator. We believe that there is a market for such a product and a company that is able to build and sell a hydro generator that can safely and reliably be place on any water energy source as a turnkey unit will be valuable. I really wouldn't recommend buying this stock, but I like to fancy my purchase as capitolizing a good idea. I'm crazy like that.

ESLR - Evergreen Solar Inc.
Web Site: http://www.evergreensolar.com
Evergreen is all over solar cell manufacturing and is marketing cells, modules and systems. This is a conventional value buy and one of the better solar stocks. A good stock to filter in to your pertfolio now.

ALTI - Altair Nanotechnologies, Inc.
Web Site: http://www.altairinc.com
This company has some very interesting Lion battery and hydrogen generation technology that will probably pay well. I see no reason to not buy this stock now.

VLNC - Valence Technology, Inc.
Web Site: http://www.valence.com
First of all let me say by way of disclaimer that I want Saphion batteries for my electric boat so bad I can taste it. The pack of six would cost over $15k. As far as battery technology goes, this company is well placed. It has a product on the market now. The product addresses the main concern in Lion battery use which is safety. All of the promising EVs that have decent range use these batteries. This company could fly for a time until the advent of serious competition which could bring a lot of price pressure. Right now there is a captive audience.

ZP - ZAP
Web Site: http://www.zapworld.com
This little electric vehicle company may be poised for big things. They are testing the electric road motorcycle and car markets and they have a long-term network for sales and maintainance that might be able to pull something off. The Obvio car is just like that $100k electric sports car except at half the price. The chart is hard to read, but it seems like a reasonable buy. I can only think that early entrants into the serious electric car market will be rewarded at some point.

green investment - alternative energy stock - social responsiblity - energy fund - solar stock - Obvio - defense boom