PBW is an ETF that holds companies in the "business of the advancement of cleaner energy and conservation." We've gotten quite a few requests recently about alternative energy plays, so we thought we'd publish a list of the stocks that make up the Clean Energy ETF. For each stock, we include its sector, price, year-to-date percent change, estimated '08 PEG ratio, relative P/E ratio (to the S&P 500), and weight in PBW.
Many alternative energy plays are still very speculative and have either very high valuations or no earnings at all. Clearly not every company in this list is going to make it, and that's what makes holding the ETF and not trying to pick individual names so appealing to investors. With oil up so much this year already, it's surprising to see that only 24% of the stocks that make up the ETF are up on the year. FSYS, GU, ENER and MXWL are all up more than 50% this year, but three of the four don't even have earnings.