Ten Clean Energy Stocks for 2013: February Update
Tom Konrad CFA Clip Art by Phillip Martin February was a month of consolidation after blistering January returns in clean energy stocks, and the market in general. My clean energy benchmark, the Powershares Wilderhill Clean Energy Index (PBW), declined 2.2%, while the broad universe of small cap stocks which I benchmark with the iShares Russell 2000 Index ETF (IWM) eked out a 0.6% gain. My ten clean energy picks for 2013 (introduced ...
Cold Winter, Spring Coming? Ten Clean Energy Stocks For 2016
Tom Konrad CFA The first two months of 2016 have been chilly ones for the market, and for clean energy stocks. In addition to the worries about the world economy and plunging oil prices which have been hitting stocks in general, the clean energy sector had to deal with the Supreme Court's stay on Obama's Clean Power Plan. This effect was mitigated the following week by the lost of conservative Justice Scalia, but many states' subsequent delays of their compliance plans have put an additional chill on clean energy stocks, even ones which are unlikely to be affected....
Green Dividend Values (11 Clean Energy Stocks for 2012)
Tom Konrad CFA Performance in May Fear of the disintegration of the Euro resurfaced in May, sending all stocks downward. Clean energy stocks once again fell more than the market as a whole. Possible causes are that many clean energy sectors are exposed to further loss of European subsidies, and that clean energy stocks tend to be more volatile than the market as a whole, with both up and down moves being magnified. The Russell 2000 index (which I use as a broad market benchmark in this series) was down 7.1% in May, the Powershares Wilderhill Clean...
Update: Ten Speculations for 2008
A year ago, I brought you 10 Alternative Energy Stocks I thought were worth speculating on for 2008. I revisited these in June, when a balanced portfolio of the 10 was "up 11.4% for the year, compared to the S&P 500 which is down 4.2% and the NASDAQ Clean Edge US Index, which is down approximately 14.3%." Speculative picks tend to do better than the market as a whole in bull markets, and worse in bear markets, so given the steep drop in markets since then, I would normally expect these more speculative picks to fare worse. This is...
November Update: What Will The Election Bring for Clean Energy Stocks?
11 Clean Energy Stocks for 2012 Tom Konrad CFA October Overview October brought a gentle fall to my Clean Energy model portfolio, and a slightly-less gentle decline for the clean energy sector and the stock market as a whole. Both the unhedged and hedged versions of my model portfolio fell 2.3% for the month, compared to a 4.1% decline for the widely held Powershares Wilderhill Clean Energy ETF (PBW), which I use as a benchmark for the clean energy sector as a whole, and a 4.0%...
Ten Clean Energy Stocks For 2018: Second Quarter Earnings
Tom Konrad Ph.D., CFA
July and August saw some mild recovery for the stock market after a difficult first half of 2018. Clean energy income stocks continue to lag the broader market, but my Ten Clean Energy Stocks model portfolio has managed to maintain its lead over its broad market benchmark.
Through August 31st, the model portfolio is up 7.5%, compared to its broad dividend income benchmark SDY, which is up 5.3%. Its clean energy income benchmark YLCO is down 1.2, even after dividend income. The private portfolio I manage, the Green Global Equity Income Portfolio (GGEIP), is slightly behind the...
10 Clean Energy Stocks for 2020: The Waiting
by Tom Konrad, Ph.D., CFA
Despite high valuations, a rampaging pandemic, and the end of the $600 weekly supplemental unemployment payments from the CARES Act, the stock market continued upward in August.
Like most ordinary people in this economy, my Ten Clean Energy Stocks model portfolio is still not feeling the recovery the way the big tech companies and the ultra wealthy are, although my real-money Green Global Equity Income Portfolio (GGEIP) is now hitting new highs for the year.
The difference between the model portfolio’s performance and GGEIP is mostly a result of trading: It had a large cash position at...
Where To Next For Solar PV Stocks?
Charles Morand There was an interesting post in Barron's tech trader daily on Monday discussing how solar PV stocks are coming under pressure, in part because product prices are falling further than expected. About a month ago, I discussed the potential return effect for households in given states of removing the $2,000 ITC cap. Such measures, it seems, are failing to kickstart demand, and solar recovery might end up being significantly slower than many had been expecting. Case in point, since hitting a high of $11.49 on June 11, the TAN ETF is down about 12%. KWT, for...
Clean Energy Stock Deflation and Biden’s Infrastructure Plan
By Tom Konrad, Ph.D., CFA
Last month saw buying opportunities in some clean energy stocks as the bubble created from the euphoria over Biden’s election vanished as if it never happened.
Clean energy stocks have simply returned to the general upward trendline from the second and third quarter of 2020. Rather than bursting in a market panic, this seems to have been more of a general deflation.
Some clean energy stocks seem reasonably priced, but there are no great values like we often see during the market panics which typically follow bubbles. Without a panic, I’m not ready to buy aggressively. Stocks...
Four Clean Energy Value Stocks I’m Buying Now
Tom Konrad CFA Corrected version 8/11/2011 Apologies to readers who have been missing my articles recently. I've had little time to write as I have been too busy trading. Long-time readers know that I've been bearish since the summer of 2009, and it has been a painful two years as I maintained my short positions and puts in the face of a generally rising market. Market Outlook In my opinion, we are still a good distance from the bottom. The rise of the stock market over the last two years has been predicated on...
Calpine Given Notice
Calpine Corp. (CPN) shares are down another 20% again today and are now down in the 20-30 cent range. They were given notice today by a Delaware judge that they have until January 22 to repay $313 million owed to bondholders. Moody's has also downgraded their corporate bonds to junk bond Ca stauts (10 levels below investment grade.) Calpine was kicked out of the S&P 500 recently and now they are looking like they will declare bankruptcy. Boy the hits just keep on coming.
Correction, or Bear Market?
by Tom Konrad, Ph.D., CFA
On February 21st, I was helping an investment advisor I consult with pick stocks for a new client's portfolio. He lamented that there were not enough stocks at good valuations. This is one of the hardest parts of being an investment advisor: a client expects the advisor to build a portfolio of stocks which should do well, but sometimes, especially in late stage bull markets, most stocks are overvalued. I reminded him, "The Constitution does not guarantee anyone the right to good stock picks." He agreed, but he still had to tell his client that...
Clean Energy Stocks Gone With the Wind
Tom Konrad CFA Unenchanted April After a great January, the last three months have not been kind to clean energy stocks. While my model portfolios are still in positive territory (+5.4% and +0.9% for the unhedged and hedged portfolios, respectively), and are above my clean energy benchmark (The Powershares Wilderhill Clean Energy ETF, -3.4%), they have again fallen behind my broader market index, the Russell 2000 (+7.3%.) Gone with the Wind trailer, public domain Gone With the Wind April saw the chances of...
11 Clean Energy Stocks for 2012: Quick Update
Tom Konrad CFA Experimenting with more frequent updates In the past, I genrally only wrote about my annual list of ten clean energy stocks on a quarterly basis, but when I wrote last month to apolgize for inadvertently slipping in an extra stock, and in the process wrote a few notes on a couple of the stocks with news, a couple readers wrote to say they liked the more frequent updates. So let it be written, so let it be done. Leave a comment if you think it's something I should continue doing,...
Ten Clean Energy Stocks For 2018: Wrap Up
by Tom Konrad Ph.D., CFA
Almost every major index fell in 2018. My Ten Clean Energy Stocks model portfolio and the Green Global Equity Income Portfolio (GGEIP), the real-money portfolio that I manage were not exceptions. Still, I'm satisfied with their performance: the model portfolio lost only 1.3 percent for the year, while GGEIP was down 2.6 percent. That's well ahead of most indexes, including my benchmarks YLCO (down 7.8 percent) and SDY (down 4.1%.) These benchmarks are intended to reflect the performance of clean energy dividend stocks and general of dividend stocks, respectively. Non-income oriented indexes such as the...
The Quick Guide To A Green Stock Portfolio
Tom Konrad, CFA I recently published a quick guide to a green or fossil fuel free stock portfolio aimed at the small investor. For most people, the best options will be to use mutual funds or an investment advisor. Some of us like to do things ourselves, and build a portfolio from scratch, using individual stocks. Doing so could rapidly become a full-time job, but it does not have to be. Instead, you can use information which mutual funds disclose to piggy-back on their research. Garvin Jabusch, Co-Founder and CIO of Green Alpha Advisors in...
