Obama's Energy Strategy Related Stock - Oshkosh Truck Corporation
President Obama's proposed energy policy aims to cut oil import by one-third over the next decade. To achieve the goal, President Obama suggested more investment in electric cars, natural gas run trucks, and biofuels refineries.
To the investors, this speech points to many stocks that may benefit, one of such stock is Oshkosh Truck (OSH), a truck maker which develops hybrid electric drive system for heavy trucks. Turning gas guzzling trucks into fuel efficient ones is on President Obama's wish list so company such as Oshkosh should benefit a lot with such initiative.
Shares of Oshkosh are relatively cheap with P/E ratio at 4.6. The stock is currently on rising trend with stock trading above 100 day moving average and should be expected to keep rising for a while.
To the investors, this speech points to many stocks that may benefit, one of such stock is Oshkosh Truck (OSH), a truck maker which develops hybrid electric drive system for heavy trucks. Turning gas guzzling trucks into fuel efficient ones is on President Obama's wish list so company such as Oshkosh should benefit a lot with such initiative.
Shares of Oshkosh are relatively cheap with P/E ratio at 4.6. The stock is currently on rising trend with stock trading above 100 day moving average and should be expected to keep rising for a while.
posted by Stock Geek at
9:06 AM
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