Yes, solar has come a long way over the last few years. Growth in 2012 blew away many expectations in the United States. As far as renewable energy growth is concerned, the adoption of solar has really stolen most of the headlines. However, investors looking to add renewable energy to their portfolio should also give some consideration to geothermal energy.
Several companies from both sectors reported quarterly earnings recently, and the results caught many by surprise. Ormat Technologies (NYSE: ORA ) blew away 2012 results in the geothermal side of things, whereas the solar market saw mixed reviews about the second quarter from some of the larger players in the U.S. market. Tune in below for more details.
Becoming more reliant on renewable energy is certainly great for our national security. It could also be a harbinger for lower oil prices. Unfortunately, that could take a while, so you, as an investor, would be wise to consider traditional energy stocks for your portfolio. Because of this, we have done a lot of the leg work to help you get rich off of rising oil prices by preparing a free report that reveals three stocks that are bound to soar as oil prices climb higher. To discover the identities of these stocks instantly, access your free report by clicking here now.