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The Answer Is Blowing In the Wind: Analysts are optimistic about alternative energy, but the solution will have to be a regional mix to take advantage of weather patterns.

As gas prices rise to stratospheric levels, efforts to support alternative energy continue to heat up. While many options have been around for decades-including nuclear, wind and solar-financial support from governments and renewed interest from the public have given analysts reason to be positive, albeit cautious, about this market.

Indeed, the S&P Global Alternative Energy Index was up 10.3% for the first quarter; the broader S&P 500 was up 6%. Still, while alternative sources of energy may be good for the environment, they do not necessarily make for strong long-term investments. Investors need to keep a firm eye on fundamentals. "I wouldn't have a strong buy or buy on ...

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