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WHAT ARE WE LOOKING FOR?

Yesterday we looked at solar and clean energy stocks, so today let's consider another sector likely to benefit from oil trading at about $100 (U.S.) a barrel: the progressive energy sector.

Today we'll look at companies in the PowerShares WilderHill Progressive Energy Portfolio exchange-traded fund.

MORE ABOUT PROGRESSIVE ENERGY

The ETF is focused on U.S.-listed companies that are "significantly involved in transitional energy bridge technologies, with an emphasis on improving the use of fossil fuels." The ETF is up 15.5 per cent over the past year.

MORE ABOUT TODAY'S SCREEN

Earnings growth is what drives interest in an emerging sector like this one. We'll use Thomson today to screen for the progressive energy stocks with the strongest estimated earnings growth for next fiscal year. All currencies are converted to U.S. dollars.

Although many solar stocks have come down in price and have more reasonable price/earnings ratios, investors may find just as much growth in some progressive energy stocks at even more reasonable valuations.

Stocks in the PowerShares Wilderhill Progressive Energy Portfolio ETF

Curr Next
US$ Curr fisc yr fisc yr Price to Price to Price to
Price 1-month fisc. yr est EPS est EPS last yr's this yr's next yr's
Ticker Company Country Industry March 24 % chg EPS mean gwth % gwth % EPS EPS EPS
XIDE-Q Exide US Electrical 13.15 24.3 0.23 NA 291.3 NA 57.2 14.6
AVR-N Aventine Renew. US Alt Energy 5.24 -24.5 0.15 -81.0 138.9 6.6 34.5 14.4
USU-N USEC Inc US Nonfer Metal 3.74 -58.0 0.30 -68.1 133.3 4.0 12.5 5.3
STKL-Q SunOpta Inc CA Ret - Foods 4.86 -21.2 0.14 -28.4 116.9 25.6 35.7 16.5
FTEK-Q Fuel-Tech Inc US Machinery 19.80 -1.1 0.38 32.6 51.0 68.3 51.5 34.1
ES-N EnergySolutions US Indus Svcs 21.70 -10.9 0.72 -15.6 43.4 25.5 30.2 21.1
OIIM-Q O2Micro Intl KY Semiconduct 8.47 -1.9 0.61 -4.7 33.8 13.2 13.9 10.4
HXL-N Hexcel Corp US Defense 20.91 1.0 0.94 43.1 28.8 31.7 22.1 17.2
HW-N Headwaters US Alt Energy 13.27 16.6 1.03 -59.2 27.2 5.3 12.9 10.1
TEN-N Tenneco US Auto Pt Mfg 28.86 8.4 2.22 25.3 23.1 16.3 13.0 10.6
ENS-N Enersys US Electrical 23.30 -5.3 1.36 48.9 22.5 25.6 17.2 14.0
SSL-N Sasol ZA Oil 48.68 -6.7 4.56 28.5 22.5 13.7 10.7 8.7
JCI-N Johnson Controls US Auto Pt Mfg 35.04 3.6 2.48 18.2 19.7 16.7 14.1 11.9
ENR-N Energizer Hldgs US Home Prod 89.65 -8.0 6.22 13.0 19.6 16.3R 14.4 12.0
GTI-N GrafTech Intl US Electrical 15.48 0.6 1.74 29.7 16.3 11.6 8.9 7.7
ETN-N Eaton Cp US Auto Pt Mfg 82.08 1.9 7.76 12.4 16.2 11.9 10.6 9.1
WEC-N Wisconsin Energy US Elect Util 42.90 -4.3 2.85 0.3 15.4 15.1 15.1 13.1
BEZ-N Baldor Elec US Electrical 29.22 2.1 2.50 20.0 14.6 14.1 11.7 10.2
PX-N Praxair US Chemicals 84.89 3.0 4.14 14.4 13.7 23.5 20.5 18.0
BMI-A Badger Meter US Elec Devcs 44.15 9.8 1.50 18.9 12.4 35.0 29.5 26.2
UTX-N United Tech US Cap Good M-I 70.34 -2.6 4.86 13.8 11.7 16.5 14.5 13.0
FPL-N FPL Group US Elect Util 62.41 -3.4 3.89 11.9 8.7 17.9 16.0 14.7
GLW-N Corning Inc. US Cap Good M-I 24.62 4.1 1.71 21.6 7.7 17.5 14.4 13.3
CVA-N Covanta Holding US Insurance 28.40 5.9 0.96 21.7 6.9 36.0 29.5 27.6
ENI-N Enersis CL Elect Util 16.83 10.4 0.67 -18.9 5.3 20.5 25.3 24.0
POWR-Q PowerSecure Intl US Oil 11.75 -12.5 0.82 18.6 5.1 17.0 14.4 13.7

SOURCE: THOMSON

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