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As oil continues to hover above the $100 a barrel mark, due to social unrest in the Middle East and the events that are unfolding in Japan, renewable energy stocks have surged. Solar and wind to biofuels, and wave energy, are having their moment in the sun. Short-term euphoria aside, geopolitical pressures in the oil patch, and new concerns with nuclear energy, are causing many nations to revisit their commitment to renewable energy. This new global focus has resulted in increased financing and investment for clean energy projects. This new fervor towards renewable alternative energy has many analysts predicting that 2011 could be the year renewable energy becomes mainstream.

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