Wells Fargo Issues Report on Alternative Energy Opportunities for Individual Investors
San Francisco — February 28, 2006
Wells Fargo has issued a special report – “Identifying the Opportunities in Alternative Energy” – exploring commercially viable and emerging investment options in non-fossil fuel electricity generation and transportation energy sources. It’s part of a series of annual reports by Wells Fargo Private Client Services for individual investors and anyone interested in alternative energy. “With the high prices of fossil fuels, investors are increasingly interested in alternative energy sources,” said Lloyd Kurtz, senior investment manager at Nelson Capital Management, an investment advisory affiliate of Wells Fargo. “Those sources are growing rapidly and can be attractive long-term investments, but the appropriate role in client portfolios will also depend on their risk tolerance and overall asset mix. Our goal is to help investors achieve optimum results based on their individual investment priorities.” The report covers both electricity generation and transportation, provides an outlook for each of the six major alternative energy sources (nuclear, hydro, wind, solar, hydrogen and biomass) and summarizes the advantages and disadvantages of each option. “More and more investors are concerned about the types of projects and companies their investments are funding,” added Kurtz. “By providing an overview of the pros and cons we’re helping our clients understand the issues and opportunities so that they can make thoughtful investment decisions suited to their priorities.” The report examines three tiers of investment options:
- large established conglomerates in growth markets such as nuclear and wind energy,
- smaller publicly-listed companies developing energy technologies such as biomass and fuel cells, and
- privately held companies developing experimental technologies such as nanotechnology-based solar panels.
Wells Fargo is committed to being environmentally responsible in every community in which it does business. The Company integrates environmental responsibility into its business practices and procedures, and has pledged to make $1 billion in lending and other financial commitments by 2010 in environmentally beneficial business opportunities. Wells Fargo Private Client Services provides financial products and services through various banking and brokerage affiliates of Wells Fargo & Company, including Wells Fargo Investments, LLC (member SIPC). The information and opinions in this report were prepared by Private Asset Management (PAM), the investment management organization within Private Client Services. PAM is a division of Wells Fargo Bank, N.A.. Information and opinions have been obtained or derived from information we consider reliable, but we cannot guarantee their accuracy or completeness. Opinions in the report from Wells Fargo Bank are as of the date of this report and are for general information purposes only. Wells Fargo Bank does not advise of any change in its opinions or the information in this report. Wells Fargo & Company businesses may issue reports or have opinions that are inconsistent with, and reach different conclusions from, this report. Past performance does not indicate future results. The value or income associated with a security may fluctuate. There is always the potential for loss as well as gain. The investments discussed in this presentation are not insured by the Federal Deposit Insurance Corporation and may be unsuitable for some investors depending on their specific investment objectives and financial position. This presentation is not an offer to buy or sell, or a solicitation of an offer to buy or sell any securities mentioned. Investments discussed or recommended in this presentation may be unsuitable for some investors depending on their specific investment objectives and financial position. More information on any security mentioned is available on request. Asset allocation does not assure or guarantee better performance and cannot eliminate the risk of investment losses. Wells Fargo & Company and/or its businesses cannot provide tax or legal advice. Please consult appropriate tax or legal advisors to determine how this information may apply to your own situation. Investing in foreign securities has certain risks that may not be present in domestic securities. For example, investments in foreign and emerging markets present special risks including currency fluctuation, the potential for diplomatic and political instability, regulatory and liquidity risks, foreign taxation and differences in auditing and other financial standards. Wells Fargo & Company is a diversified financial services company with $482 billion in assets, providing banking, insurance, investments, mortgage and consumer finance to more than 23 million customers from more than 6,200 stores and the internet (wellsfargo.com) across North America and elsewhere internationally. Wells Fargo Bank, N.A. is the only bank in the United States to receive the highest possible credit rating, “Aaa,” from Moody’s Investors Service.