Your Questions About Renewable Energy Companies
Daniel asks…
Where to start for Investment Banking hopefuls?
I am a college junior with a summer’s experience in investment management of renewable energy companies. Where should I look to gain knowlege in career advice for investment bank analyst? A specific reference to website, forum or books would be appreciated.
admin answers:
The Valut.com career IB guide is a great resource for anybody interested in investment banking. I would also suggest you attend information sessions hosted by all of the banking firms at your college or university. The campus recruiting process is fairly rigid and you must adhere to the process very carefully. Many firms will not consider applicants who did not attend their on-campus information sessions. For companies that participate with your school’s career office, look there first for investment banking career opportunities. Be sure to also submit applications to firms that don’t recruit at your university. This can be a numbers game, so the more applications you submit, the better your chances of landing a job. A high GPA is very important to investment bankers, so be sure to keep on top of that. One of the classic books on an interview prep reading list is called Liar’s Poker.
Sharon asks…
What’s the name of the wind and solar energy companies… How can I buy stock?
I want to invest in the clean and renewable energy but I don’t know how? Don’t know the names of the companies?
admin answers:
It’s not a good idea to invest in individual stocks, or even sectors, unless you really understand what is going on. If you are an adult, you can buy stock in companies through scottrade, etrade, td ameritrade, or a similar online broker. But do your homework first, unless you are just playing and can afford to lose all the money. For example, if you had this mindset at the end of 2007, you might have bought Suntech Power, the world’s largest maker of solar panels, for $90 a share. So let’s say you bought 100 shares for $9000. Today, Suntech is still the largest maker by wattage, last I checked, but the stock is at 0.80. So your investment would be worth $80. Just saying.
There are exchange-traded funds such as (stock symbol) TAN, which invest in solar. I’m not saying to go out and buy shares in it, but do research into it to see the list of companies they picked. You can do similar things with other alternative energy ETF’s.
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