Ten Clean Energy Stocks of 2022/3 – July Returns

Here are the numbers.  I hope to write some market commentary to go with them soon. Disclosure: Long all the stocks in the 10 Clean Energy Stocks model portfolio.
REITS ESG Green 2022

Five Green REITs

by Tom Konrad Ph.D., CFA Why Green Buildings are Profitable Buildings Buildings are responsible for approximately a third of greenhouse gas emissions, so making buildings more efficient and switching them to renewable sources of energy is an essential part in addressing climate change. Fortunately, new technologies such as cold climate heat pumps, heat pump water heaters, induction stoves, as well as the ever falling cost of renewable electricity and improvements to insulation and building envelopes often provide opportunities to improve buildings while achieving extremely attractive investment returns from the energy and maintenance savings alone. Because of the great financial returns, building owners who...

10 Clean Energy Stocks for 2022-2023: The List

By Tom Konrad, Ph.D., CFA With the launch of my (green dividend income focused) hedge fund early this year, I had to take a hiatus from publishing my annual list of 10 Clean Energy Stocks that I feel will do well in the coming year.  Since my duty to clients takes precedence over readers, I could not tell people about stocks I liked before buying them for the fund. As we complete the first half of the year, the fund is now largely invested, although I am still keeping some buying power back in anticipation that the overall market could easily...

Restarting 10 Clean Energy Stocks Series

By Tom Konrad, Ph.D., CFA With the launch of my (green dividend income focused) hedge fund early this year, I had to take a hiatus from publishing my annual list of 10 Clean Energy Stocks that I feel will do well in the coming year.  Since my duty to clients takes precedence over readers, I could not tell people about stocks I liked before buying them for the fund. As we complete the first half of the year, the fund is now largely invested, although I am still keeping some buying power back in anticipation that the overall market could easily...

Advantage Biodiesel

By Tom Konrad, Ph.D., CFA Because of rising fertilizer prices, farmers are planting more soybeans than corn.  Soybeans are a legume, meaning that they can fix their own nitrogen in the soil, meaning that they need less nitrogen fertilizer, the price of which is spiking due to rising natural gas prices.  Corn, in contrast, needs more nitrogen than most other crops.   High gas prices are rising because of Putin’s war on Ukraine, which is also preventing Ukrainian farmers from planting this year’s wheat crop, while sanctions are likely to disrupt wheat supplies from Russia as well. Corn and (to a lesser extent,...
heat pump with colors of the Ukranian glag

Twelve Green Investment Themes From Putin’s War on Ukraine

By Tom Konrad, Ph.D., CFA Horrific, Tragic, Unprovoked, Heartbreaking.  There is no lack of adjectives to describe Putin’s war on Ukraine.  And while there probably can’t be too much coverage of the tragedies and war crimes, many others can write those far better than I. As an economic and stock market commentator, the adjective I will focus on is world-changing.  There is no doubt that the first land war in Europe since World War II, piled on top of a global pandemic, is already reshaping the economy in dramatic ways. Some of those changes, like Europe switching away from Russian gas and...

This Isn’t What Green Money Management Looks Like

Tom Konrad, Ph.D., CFA I don’t spend much time reading investment company ESG reports, but a friend asked me to take a look at a copy of the TIAA’s 2021 Climate Report.  I was deeply unimpressed.  Here are a few things in the report that triggered my greenwashing radar: TIAA wants to work with companies to improve their behavior.  They call this company engagement.  “e do not expect to account for the majority of our emissions reduction — we are primarily focused on company engagements” page 9. Much of TIAA’s emphasis is on reducing emissions from their own operations,...

10 Clean Energy Stocks for 2021: Wrap Up

By Tom Konrad, Ph.D., CFA The Ten Clean Energy Stocks for 2021 model portfolio had a decent year.  With a 13.2% total return, it handily beat its clean energy income stock benchmark, the Global X Renewable Energy Producers ETF (RNRG, formerly YLCO), which fell 12.1%.  It did not, however, compare as well to the wider universe of income stocks, which had an excellent year, with its benchmark SDY up 27.2%. The poor performance of clean energy stocks in 2021 was largely due to the bursting of a clean energy bubble which formed in the second half of 2020 fueled by speculation...
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...
recycled plastic pallet

Analyzing Greystone Logistics

by Roel Aerts Greystone Logistics (GLGI) designs and manufactures plastic pallets for the logistics industry. They use recycled plastic which would otherwise be destined for landfill. They grind and pelletize the plastic in house. Injection molding and proprietary resin blend is used to manufacture the pallets. Greystone is headquartered in Oklahoma and has its manufacturing plant in Iowa. Recent results and Financials · The company had invested heavily in manufacturing equipment several years ago, that loaded them with quite some debt. Over the last years they worked on a massive reduction in debt. In 2 years they reduced it from 21.6M$ to 9.4M$...

Invest-Divest 2021: A Decade of Progress Towards a Just Climate Future

The movement to divest pension funds, universities and colleges, faith organizations and foundations from fossil fuels, and invest in climate solutions, has reached new heights in the fight for meaningful, ambitious climate action.  In the lead up to COP26, join a global coalition of organizations to announce a historic slate of groundbreaking divest/invest commitments, unveil a new “state of the D/I movement” report, including an update of assets under management committed to divestment, and celebrate major victories.  Join us on Tuesday October 26th at 11am EST for this monumental event.  RSVP Here to join the Invest-Divest 2021: A Decade of Progress...
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...

Wind Turbine Art

My sister, who is a linocut artist, just finished some wind turbine prints for me.  One is below, you can check out the others at facebook.com/SarahKonradArt

Polaris Infrastructure: Deleveraged, Derisked

By Tom Konrad, Ph.D., CFA Geothermal power is a type of renewable electricity that even the most conservative electric utilities find it easy to get behind.  Like conventional coal and gas plants, it uses heat to drive a turbine which in turn creates electricity.  The main difference is that the heat comes from natural geologic processes, rather than burning fossil fuels, making it renewable and free of greenhouse gas emissions, giving it considerable environmental appeal as well. Where Geothermal Developers Stumble The problem lies in the resource.  The potential for producing power from solar, wind, and hydropower at any location can be...

Eneti: The New Offshore Wind Installation Leader

By Tom Konrad, Ph.D., CFA With its purchase of Seajacks, Eneti (NYSE:NETI) has become the world’s largest owner of offshore wind installation vessels.  The two articles were shared with my followers on Patreon as the news came out. Valuing the Eneti/Seajacks Combination (First published August 5th) Eneti (NETI) just announced it is buying offshore wind turbine installation firm Seajacks.  The purchase will be with a combination of shares, cash, and assumed debt: 8.13 million shares, $299 million of assumed net debt, $74 million of newly-issued redeemable notes, and $12 million of cash.  Current Eneti shareholders will own 58% of the combined firm. After...
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