Just thought I would start a general thread on Alternative Energy considering that it is and will no doubt be a boom market in the not to distant future.
Whether its a fuel cell, wind power, wave power or Biofuels company, (The List goes On), share your thoughts and suggestions.
I think that Symphony PLastics (SYM) are a great buy at the moment, D1 Oils/GTL Oils and possibly Voller Energy and ITM Power at their bargain prices.

I was trying to remember their name actually as I wanted to mention them to you! All I could remember was the pic of buoys in last week's Shares Mag. will take a look. have to say I'm not as "up" on green tech as I am on oil & gas, but will do my best.

HI GDP/ Iwonder what you think of IHG -renewable Energy Holding/ they have a wave protype that has completed all its trials successfully it generate electricty andproduces DE -SALINED-WATER///

One thing that might be up some peoples' street is Qonnectis (QTI). This was mentioned in last week's Shares article on green plays. The company produces a new kind of metering technology that is connected to the internet for ease of reading and also because by way of regular monitoring via computer technology, it can warn of leaks and wastage. As such it qualifies as an environment-saving product for tax purposes. Lots of good info on the thread, although I should add that it's a "highly speculative buy" according to the house broker and therefore not for widows or orphans.

bristlelad ' IHG ' is Intercontinental Hotels, maybe you mispelled the code? Their product does sound Interesting though and If I can find them ill give you a word on what I think. Although I think OPT are currently the Best wave energy play.
SoulTrader I prefer companies that specialise in making renewable energy as I believe they have the potential to really become ten baggers in the future, but Ill give it a good look.
Highly specualtive Buys are my main Interest!

anyone think that ITM is looking superbly cheap at the moment?!

A quick and dirty, very cynical view, after two minutes' "research" - shout me down if you wish: ITM is still lossmaking and with 30 mil in the bank, market cap 150 mil, no turnover, no non-cash assets to speak of (apart from IP, for which there has been no value assigned on the balance sheet), commercialisation some way off . . . Need I go on?

Admittedly the SP has reduced, but this could be the kind of "bargain" that SEO was at 16p.

You'd be catching a falling knife at current prices, IMO. Below a quid might be a long-term hold, but to my way of thinking this starts looking oversold only below about 70p-ish. Even then you'd have a co valued at 70 mil for a NAV of 35 mil, with no turnover.

I agree the product is likely to be good and the IP is very exciting, but at present it's so much blue sky, and at 150 mil pretty pricy already. Or have I missed something in my haste?

Compare CWR - I haven't researched recently, but at least the chart is heading in the right direction.

hi gb potts/// the correct code is REH sorry///the company behind CETO iscalled seapower pacific which seem to be owned by REH BASE IN ISLE OF MAN//

To add to post #10 - where would the likely upside come from? Jam tomorrow, all of which appears already to be priced in. Sorry GD, but IMHO this is a bargain for shorters only. Next support appears to be about 95p, but if the market's feeling reluctant you could be skidding all the way back to 50p as the speculation unwinds.

Actually looking at ITM reminds me of Torotrak, which I've been in and out of a couple of times over the last six years - great innovation, lots of industry tie-ups, fantastic ideas for saving fuel/the world/peoples' money/Greenpeace protestors, etc., but as far as the business is concerned, the good times are always still to come and meanwhile the SP takes a bashing. I am sure that both companies will get there in the end, but at ITM's current share price, they'll be doing it without me on board.

End of rant :o)

GDP on the subject of saving energy - Oxonica (OXN) has just tied up a deal in Turkey for trials of its fuel-saving nanotechnology additive. Okay, it's still fossil fuel, but could help to ease the burden on the planet. Anyway, I've created a thread; views welcome.

Soul, your raise good points about the heavy market cap of ITM and the little money it has to justify that, however, I believe this is a common case throughout the entire sector. There is a few exceptions, namely Voller who look cheap when rated to cash in the bank etc, but for most of the sector the hefty premium on the price is due to the technology. In ITM's case their fuel cells have mass makret potential and when it comes to the techonolgy like that, IMO, the market place huge premiums on the share pirce. I also think that quite a few major dealers, cant quite remember who, bought large stakes in ITM a few months ago at over 3 which lends support to my 'Bargain' proposal. CWR have I think maintained their share price because they are backed by major players - and at such an uncertain time in the market Investors are fleeing for relative safety with Ceres.
I hope you find that answer reasonable. Just going to take a look at OXN.
Bristlelad I started a thread on REH a few months back, I think the company has solid prospects but not for a considerable time, 4 - 6 years IMO, before they are actually recognised and the share price rockets. I have had several flings with their shares and none have paid off but maybe Im misplaced in that opinion.

GDP - delighted with your answer, but not convinced when I look at ITM's chart :o) The problem with huge premiums being placed on the future is what happens when those premiums start to lose their shine, e.g. in an uncertain market. ITM would have me worried on that score.

On the basis of my quick bout of research I would rather put my money in OXN as it has its product on the market and is getting busy signing deals.

Still, WDIK, my thoughts are as valid as yours. Best of luck, etc!

Symphony machining their way foward - ITM starting a nice little rise to.