Tag: 10CleanEnergyStocks

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10 Clean Energy Stocks for 2021 performance chart

10 Clean Energy Stocks for 2021: November. Notes on MIXT, GPP, EVA

By Tom Konrad, Ph.D., CFA Monthly Performance Returns for the Ten Clean Energy Stocks for 2021 model portfolio are shown below.  It was a good month for clean energy stocks as well as the broader stock market, with the portfolio up 4% for a 20% total return through the end of October.  Its clean energy benchmark (RNRG) was up more (8%) but is still down 6% for the year.  Its broad market benchmark (SDY) rose 5% and has caught up with the model portfolio at a 20% return year to date. Earnings Third quarter earnings season has started.  Below are some notes I’ve...
September performance

Will McConnell Kill The Bull Market?

By Tom Konrad, Ph.D., CFA The risks of playing politics The American news media often tries too hard to be “balanced” when talking about politics. Depending on which news sources you rely on, you may be hearing that “congress” is having trouble passing bills to fund the government and raise the debt ceiling. More partisan sources will be blaming it on the Democrats or the Republicans, depending on their political bent. I generally consider myself an independent who cares deeply about the environment and competent government. Since the rise of Donald Trump, the Republicans have shifted from being the party of big business...

10 Clean Energy Stocks Performance Chart

Here's the performance through August for the 10 Clean Energy Stocks for 2021 model portfolio...  The market has turned down a bit since then but the relative performance has not changed significantly.  The model portfolio is still well ahead of its benchmarks., both clean energy (RNRG) and broad market (SDY).I don't know if this recent downturn is just a blip, or the start of the possible larger decline I've been worrying about.  But I'm prepared if it's the latter. DISCLOSURE: Long positions all the stocks in the model portfolio. DISCLAIMER: Past performance is not a guarantee or a reliable indicator of...
July performance chart

10 Clean Energy Stocks Updates: Green Plains Partners Refi; Covanta Buyout

By Tom Konrad, Ph.D., CFA Second quarter earnings season is in full swing.  Below are a couple updates and the monthly performance chart that I recently shared with my Patreon supporters. Green Plains Partners Earnings and Future Dividend (published August 2nd) Ethanol Master Limited Partnership Green Plains Partners (GPP) declared second quarter earnings today.  The main news remains the long anticipated debt refinancing and new dividend guidance going forward. At the end of the first quarter, I predicted that, after debt refinancing, GPP would increase its quarterly dividend to something in the $0.25 to $0.30 range.   The new guidance is for the partnership to target...

Finding a Bottom and Model Portfolio First Half Returns

By Tom Konrad, Ph.D., CFA Even as the broad market rose, the start of 2021 was brutal for clean energy stocks. The sector experienced a bubble in late 2020 and January this year as optimism grew that we finally had a President who understands the magnitude of the climate problem and has committed to do something about it. The bubble also grew from the great hope that with the presidency and slim majorities in both houses of congress, he would actually be able to get his agenda through. That might have happened if the Senate Republicans were interested in governing and...

Atlantica Q1, Buying Hannon Armstrong

By Tom Konrad, Ph.D., CFA Here are two more updates from last week on Patreon.  Also, I realize I neglected to publish the monthly performance chart for my 10 Clean Energy Stocks model portfolio here at the start of the month, so here it is as well: Atlantica Sustainable Infrastructure Earnings (published May 11th) Atlantica Sustainable Infrastructure (AY) released its first quarter earnings announcement and financial statements on May 6th. Atlantica is one of the higher yielding Yieldcos, 5.3% at the new quarterly dividend rate of $0.43 and a $32.50 stock price.  The dividend is safe, since most of Atlantica's debt is fixed rate,...
10 Clean Energy Stocks Mar 21

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...

10 Clean Energy Stocks: Returns Through February/ Poll

by Tom Konrad Ph.D., CFA I'm experimenting with how to display the returns of the 10 Clean Energy Stocks model portfolio.  My Patreon supporters seem fairly evenly split between the two options show below, so I'm opening the poll up to my broader readership. You can see the two most popular options below (with real return data through the end of February) and take the poll here. Comments are welcome as well. DISCLOSURE: Long all stocks in the model portfolio.
Covant 4Q 20 earnings

Covanta and Hannon Armstrong Earnings

by Tom Konrad, Ph.D. CFA Two more earnings notes I shared with my Patreon followers on February 18th. Covanta Holdings (CVA) Leading waste-to-energy firm Covanta Holdings (CVA) announced 2020 earnings today.  There will be a conference call tomorrow morning, but here is my high-level impression: The company managed well through Covid and ended the year within it's original pre-covid guidance.  Metals and energy prices, as well as increased maintenance capital expenditures were a drag on results, but  prices are improving and capital expenditures will fall in 2021. The company is conducting a strategic review which will likely result in the sale of some underperforming...

Eneti and Brookfield Renewable Earnings

By Tom Konrad, Ph.D. CFA Here are a couple earnings notes I shared last week with my Patreon followers. Eneti, Inc. (NETI) - formerly Scorpio Bulkers (SALT) Eneti completed its name and ticker change on February 8th. New ticker is NETI (formerly Scorpio Bulkers (SALT), which I recently wrote about here. Highlights from February 2nd earnings report: 37 of the 47 vessels owned at the 3rd quarter have been sold or have completed sale agreements. Net asset value is $23.94/share. Since most assets are cash or vessels held for sale, this number is basically accurate. The stock is still a good buy...
6 month BDI/SALT chart

SALT: Buying the Balitc Dry Dips

by Tom Konrad, Ph.D. CFA The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange. It measures changes in the cost of transporting various raw materials, such as coal and steel. Since the BDI is a measure of the income which firms that own dry bulk cargo ships can earn, changes in the BDI tend to drive changes in the stock prices of such companies. Stock Price Correlation Until recently, one such company was Scorpio Bulkers (SALT), one of my Ten Clean Energy Stocks for 2021 picks. The chart below shows the last 5 years, with...
10 Clean Energy Stocks for 2021 January

January Performance: 10 Clean Energy Stocks for 2021

You can find the original list here.  I'll be doing commentary on individual stocks as there is news.  The first of these is on MiX Telematics (MIXT) earnings, first published for my Patreon subscribers on January 28th and copied below.  A note on Scorpio Bulkers (SALT) from February first will be published here tomorrow. MiX Earnings MiX Telematics (MIXT) reported earnings this morning .  The numbers showed improvement over the previous quarter, but a decline over the previous year due to the covid crisis which was exacerbated by the strengthening dollar. The results were pretty much what I expected when I added...
Model portfolio v benchmarks

Year in Review: 10 Clean Energy Stocks for 2020

by Tom Konrad, Ph.D., CFA Looking Back At the end of 2019, I was worried about overvaluation.   I wrote that my main goal for the 10 Clean Energy Stocks for 2020 list was “to find stocks which will be resilient in the event of a US bear market.”  We certainly had a bear market in 2020, although it was nothing like the kind of bear market I had been anticipating.  The bear market was precipitated by the coronavirus pandemic, rather than overvaluation. While I can claim to have anticipated the 2020 bear market, if not its nature, I was surprised by two other...
ADR

Buying Foreign Stocks: To ADR or Not To ADR

by Tom Konrad, Ph.D., CFA Since my 10 Clean Energy Stocks for 2021 list contains 5 foreign stocks this year, a reader asked about the relative merits of buying a foreign stock compared to a US ADR.  Here is a summary of the relative merits (for US investors) of buying a foreign stock directly compared to buying the American Depository Receipt (ADR). First, let’s look at the tickers for the five foreign stocks in the list.  There are four types of ticker in the list this year: The stock on its home exchange in the local currency.  These have the form...

10 Clean Energy Stocks for 2021: Diversification

by Tom Konrad, Ph.D., CFA Rounding out the discussion of the stocks in my 10 Clean Energy Stocks for 2021 list are the two that don’t fit either of the themes I highlighted for 2021: Picks and Shovels or a Possible Yieldco Boom.  Both help with diversification, both in terms of their industry and geography. MiX Telematics (MIXT) was retained from the Ten Clean Energy Stocks for 2020 list because I expect its prospects to improve rapidly as the world comes out of covid lockdowns.  The global vehicle telematics provider has a large number of its customers among mass transit, logistics,...
Yieldcos stock chart 2H 2020

The Yieldco Virtuous Cycle

by Tom Konrad, Ph.D., CFA Readers who followed my coverage of the Yieldco bubble in 2015 know the Yieldco Virtuous Cycle.   A Yieldco’s stock price rises It issues new shares, and invests the money in renewable energy projects.   Because the stock price is high, it is able to buy more project cash flow by issuing fewer shares than it has in the past. Cash flow available for distribution (CAFD) per share increases, despite the increasing number of shares outstanding. Yieldco management sets a target for continued rapid annual distribution growth, which can be met either by further share issuance (if...
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