Six Energy Efficiency Stocks That Make a Profit
Technology that will save energy is in big demand. But a surprisingly small number of companies are actually making money out of it. Here are six of them.

Cree is a leader in the development of LED technology, and it offers a wide range of LED lighting products. In the six months to December 30, 2007, the company reported sales and contract revenues of $232 million, up 21 per cent from the December 2006 half-year period, with an after-tax profit of $19.3 million, down from $29.8 million a year earlier. Growing demand for its LED products meant higher sales and a higher average sales price, but higher costs relating to new component products, coupled with sharply higher administrative costs, drove down profits.

Echelon Corporation is a leader in the production of networking equipment for the connection of machines and other electronic devices. It makes two major energy-saving products. The first is the NES (Networked Energy Services) metering system for power utilities. The second is the LonWorks range of infrastructure products for control networking, connecting smart devices to a power grid and allowing the application of energy management strategies. Though it announced a loss in 2007 - revenues of $138 million, more than double the 2006 figure - the fourth quarter saw the company reach its target of achieving profitability

Fuel Tech makes post-combustion nitrogen oxide control systems, for a range of utility and industrial customers. In 2007 revenues rose seven per cent to $80 million, with the after-tax profit up six per cent to $7.2 million. The company said it expected that it would benefit in 2008 from Clean Air Interstate Rule (CAIR) provisions and from more stringent regulations for nitrogen oxide control in China.

Itron makes a range of automated metering systems for the electricity, water, gas and heating industries, with more than 8,000 customers in 130 countries. In 2007 company revenues more than doubled to $1.46 billion, thanks especially to a major acquisition during the year. Profits were up after excluding acquisition expenses.

Orion Energy Systems, which completed its initial public offering in December 2007, designs, manufactures and implements energy management systems, consisting primarily of energy-efficient lighting systems and controls, as well as related services, for commercial and industrial customers. Revenues of $58 million in the nine months to December 2007 were 73 per cent higher than in the corresponding period of 2006, with after tax profit of $3 million up more than six times.

Power Integrations is a leader in high-voltage analog integrated circuits for power conversion, providing cost-effective and energy-efficient means for AC-to-DC and DC-to-DC applications in a wide range of electronic products. In 2007 revenues rose 18 per cent to $191 million, with over half-a-billion units shipped, and an after-tax profit of $26.6 million, a nearly three-fold increase from 2006.

April 21st, 2008

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Six Energy Efficiency Stocks That Make a Profit Technology that will save energy is in big demand. But a surprisingly small number of companies are actually making money out of it. Here are six of them.

Six Energy Efficiency Stocks That Make a Profit
Technology that will save energy is in big demand. But a surprisingly small number of companies are actually making money out of it. Here are six of them.