also garnering big jumps in customer interest.
But the most telling findings were when we asked industry respondents to rate the demand for their own company's alternative energy products and services.
Here's what we found:
# Upswing in Sales. Business is booming, according to our Alternative Industry respondents - of which an extraordinary 45% see their company's sales increasing over the next 90 days. In comparison, just 4% see their company's sales decreasing.
# Capital Budgets Adjusting Higher. In another big positive, 38% project their overall capital budgets will increase over the next 90 days, more than triple the percentage who say it will decrease (11%).
# Inflation Spurring Demand. Better than half (56%) say inflationary pressures in the rest of the economy are causing increased demand for their alternative energy products and services. The vast majority (77%) of these respondents cite the rising price of traditional energy sources as the main reason for the demand growth. As FID04725 writes, "Inflation is putting more pressure on energy prices than it is on the raw material costs for alternative energy technologies. Thus, alternative energy is becoming more affordable relative to conventional energy."
We also asked industry respondents to tell us which alternative energy companies they believe are at the forefront of their respective market sectors. Here's what they told us:
Solar Sector: First Solar (FSLR), SunPower (SPWR) Wind Sector: General Electric (GE), Vestas Hybrid/Electric Sector: Tesla Motors, Energy Conversion Devices (ENER)
The takeaway from this Alternative Industry survey is that Solar continues to burn up the charts and the momentum behind Wind Power is now blowing stronger than ever.
Investors take note -- in the midst of a severe worsening of the U.S. economy the Alternative Energy sector continues to ride high.
Here at ChangeWave, we leverage our expertise in industry and company level research to identify emerging trends, technologies and companies best-positioned to capitalize in today's market. For more information, visit: blog.changewave.com