Another priority for Obama is cleantech technology. Obama has spoken often about the importance of alternative energy, and it's likely his federal stimulus program will include steps to improve energy efficiency.
In a recent speech, he spoke about climate change, the need for energy independence and the importance of creating new jobs. Obama called for the U.S. to double the production of alternative energy in three years.
His message is getting through. Start-ups in solar power, biofuels and energy conservation among other areas are getting increased financing from venture capitalists at a time when other small companies are cutting back and being turned away by investors.
Josh Wolfe, editor of Forbes/Wolfe Emerging Tech Report, says an excellent way to benefit here is to buy shares of Harris & Harris Group (nasdaq: TINY - news - people ), whose market cap has been sliced in half. The publicly traded venture capital firm is now trading below its Net Asset Value (NAV).
Many of the technologies in TINY's portfolio of high tech private start-ups are developing technologies for cleantech markets. Wolfe says he wouldn't be surprised to see big federal infrastructure projects get underway to slash unemployment and restart the economy. Some of the cash generated could trickle into TINY's portfolio companies, giving big revenue growth to these small startups.
Tuesday, January 20, 2009
Harris & Harris as an Obama Stock
In a post on November 5th ("The Election"), we mentioned the publicly-traded venture capital company Harris & Harris (Nasdaq: TINY), noting that a significant percentage (currently about 42%) of its portfolio was invested it what it calls "clean tech" companies. Yesterday, Harris & Harris was listed as one of seven guru buys by Forbes ("Obamasize Your Portfolio"):