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"A smart grid makes use of coded signals that travel along power lines, much like DSL broadband messages move through the phone telephone," explains growth stock expert Jim Powell.

In Global Changes & Opportunities Report, he looks at two favorite plays on the development of a smart grid: Esco Technologies (NYSE: ESE) and Quanta Services (NYSE: PWR).

ESCO Technologies, Inc. (ESE) has three product lines.

The first is their communications segment [DCSI], which accounted for 37% of revenue in 2007, manufactures two-way power line communication systems, including meter modules and equipment for central stations and substations known as advanced Metering Instruments [AMI] and Advanced Meter Reading [AMR].  DCSI is considered by management and analysts to be Esco’s growth segment.

Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice ! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment adivisers prior to making any investment decisions based on information on this website. I was rather excited about my new Seeking Alpha affiliation ....o.k. it is just another website, but I really am an amateur, and this is big stuff :). (This is really new, so they haven't even posted an article yet....I shall have to wait and see how this works out!)