How to Invest in Wind Turbine Stocks
- 1). Open an account with a low cost online brokerage firm if you do not already have one. You can save money on commissions by choosing an online discount broker, since you will be making your own investment decisions. E*Trade, TD Ameritrade and Scottrade are three of the best known discount brokers.
- 2). Determine how much of your portfolio you want to devote to wind turbine stocks. Diversification is important when it comes to stock market investments, so you might want to limit your exposure to these stocks. Alternative energy stocks can be very lucrative, but they can be quite volatile as well.
- 3). Log on to your brokerage account and use the stock screening tools to identify companies in the green energy arena. Read the description of each company to determine which ones are making a big bet on wind power and wind turbines.
- 4). Contact the company you buy your own electricity from. Check the company's website and go to the Investor Relations section. Contact Investor Relations and ask the representative what sort of alternative energy investments the company is making. If you like the company you get your electricity from and that company is investing in wind power, you might want to buy some shares of their stock.
- 5). Consider investing in the exchange traded fund, or ETF, that specializes in the wind energy arena. This ETF trades under ticker symbol WND, and it represents a basket of stocks rather than a single one. This can spread your risk around and give you a greater level of diversification than you could get by investing in individual stocks.
- 6). Go to the trading menu on your brokerage account and type the ticker symbols of the stocks you wish to buy, along with the number of shares you want to purchase for each. Check the total amount of the trade and make sure you have enough cash in your account to cover the purchase.
- 7). Print a copy of your trade confirmation and keep it with your tax paperwork. You will need this documentation to figure your capital gain when you sell your wind turbine stocks.
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