Xantrex Technologies (XTX.TO/XARXF.PK) might be a way to play the renewable energy sector.
Xantrex designs, and manufactures advanced power electronics that convert power from renewable, advanced power and storage solutions - such as solar, wind, fuel cells, microturbines, batteries, and flywheels - into electrical power that can be used as a primary or backup power source for homes and small businesses to industrial and utility applications. Their inverters converts DC energy generated by the solar panels/wind turbines etc. into clean, useable AC power.
Shares o/s: 28.9 million
Market Cap: 245 million
Revenues
Q1 '07 - $39.9 million (Net Income -0.1 million)
Q2 '07 - $59.2 million (Net Inc. -1.2 million)
Q3 '07 - $62.1 million (Net Inc. -1.1 million)
Q4 '07 - $73 million (Net Inc. + 0.5 million)
Earnings coming out next week and they are expected to report a profit. I bought shares today in expectation of positive earnings and continued strong revenue growth.