Wind and Heat Pumps: A Winning Combination

This article has been cross-posted on The Oil Drum. Last month, I brought you some nice maps showing when and where good wind resources are found in the US.  Now I've found something better: a visual comparison of electrical load with wind farm production, published by the Western Area Power Administration in 2006.  The study compared electricity production from five wind farms in Northern Colorado, Southwestern Nebraska, and Central Wyoming in 2004, 2005, and the start of 2006, compared with electricity consumption in the same area over the same time period. Comparison of Wind Production to...

Can Investors Recover Faith In Energy Recovery?

by Debra Fiakas CFA Despite reporting the highest gross profit margin in Energy Recovery's (ERII:  Nasdaq) history, investors were sorely disappointed with financial results in the Company’s second quarter ending June 2017.  On the first day of trading following the earnings release the share price gapped downward and closed even lower under above average trading volume.  This is likely because there was some expectation that Energy Recovery could finally report a net profit in the quarter as sales of the Company’s flagship PX Pressure Exchanger to the desalination market had appeared to pick up in recent months.  Unfortunately the Company reported...
LED lighting

List of LED Lighting Stocks

LED lighting stocks are publicly traded companies involved in the manufacture or deployment of efficient LED lighting technology. AIXTRON SE (AIXA.DE) Acuity Brands (AYI) Amtech Systems Inc (ASYS) Applied Materials (AMAT) Carmanah Technologies Corporation (CMH.TO, CMHXF) Cree, Inc. (CREE) Energy Focus (EFOI) EPISTAR corporation (2448.TW) Koninklijke Philips N.V. (PHG) Lighting Science Group Corporation (LSCG) Lime Energy (LIME: Nasdaq) LSI Industries Inc. (LYTS) Orion Energy Systems, Inc (OESX) Osram Licht AG (OSAGF, OSR.DE) Neo-Neon Holdings Limited (1868.HK) Revolution Lighting Technologies, Inc. (RVLT) Rubicon Technology, Inc. (RBCN) SemiLEDs Corporation (LEDS) Universal Display(OLED) Veeco Instruments Inc. (VECO) Zumtobel Group (ZMTBF: OTC or ZAG.VI) If you know of any LED lighting stock that is not listed here and should be, please let us know by leaving...

Hannon Armstrong Declines to Raise Dividend, Sets 3 Year Guidance

Investors did not like Hannon Armstrong's (NYSE:HASI) fourth quarter earnings announcement last night.  While core earnings were a little weaker than expected, that is not what has the stock trading down 11% today.  What shocked investors is the fact that the company did not raise the dividend this year for the first time since the REIT went public, and it gave 3 year guidance which likely disappointed many investors. Last month, I wrote, I expect that Hannon Armstrong will continue to be a well run and conservative business in 2018, and that management will raise the dividend at the lower end...

Ten Solid, Clean Companies Ready For Stimulus, and Five That Aren’t

by Tom Konrad Last February, I wrote " I expect the Fed-induced reprieve to be fairly short lived, ten solid companies I'd be happy to buy more of if and when the bottom really falls out of the market."  When I wrote those words, the Dow Jones Industrial Average was over 12,700.  Now, it's around 8,500, and I doubt anyone remembers the "Fed-induced reprieve" I was referring to.  The "bottom fell out" in September and October.    On October 12, with the DJIA at 8451, I wrote "I don’t know where the market will go from here, but I...

See You Later, Hannon Armstrong

by Tom Konrad Ph.D., CFA Sustainable infrastructure financier Hannon Armstrong (NYSE:HASI) is not in my Ten Clean Energy Stocks model portfolio for the first year since its IPO in 2013. I still love the company and its business model, but I have become concerned about its short term prospects. Dividend Disappointment? In my last update on the 2017 portfolio, I wrote, “Sustainable infrastructure and clean energy financier Hannon Armstrong reported earnings on November 1st. The headline numbers were lower than expected, but for a very good reason. The company has spent the last few months locking in low interest rates by refinancing its...
energy efficiency stock fan light shelf

List of Energy Efficiency Stocks

Energy efficiency stocks are publicly traded companies using a wide range of technologies to deliver the same energy services using less energy in the built environment. This includes efficient lighting such as LED lighting stocks, insulation, efficient motors, efficient appliances and appliance replacement services, sensor and control technologies, the internet of things, efficient power conversion and generation, and energy efficient design, construction, and retrofits. See the list of efficient vehicle stocks and alternative transportation stocks for companies reducing energy used in transportation.   Acuity Brands(NYSE:AYI) AIXTRON SE (AIXA.DE) Ameresco, Inc. (AMRC) Appliance Recycling Centers of American (ARCI) Aspen Aerogels, Inc. (ASPN) Carmanah Technologies Corporation (CMH.TO, CMHXF) ClearSign Combustion...

The Alternative Energy Fallacy

John Petersen In 2009, the world produced some 13.2 billion metric tons of hydrocarbons, or about 4,200 pounds for every man, woman and child on the planet. Burning those hydrocarbons poured roughly 31.3 billion metric tons of CO2 into our atmosphere. The basic premise of alternative energy is that widespread deployments of wind turbines, solar panels and electric vehicles will slash hydrocarbon consumption, reduce CO2 emissions and give us a cleaner, greener and healthier planet. That premise, however, is fatally flawed because our planet cannot produce enough non-ferrous industrial metals to make a meaningful difference and the prices...

What A Portfolio Approach To Climate Policy Means for Your Stock Portfolio

Portfolio theory can lend insights into which carbon abatement strategies policymakers should pursue.  If policymakers listen, what will it mean for green investors? Tom Konrad, Ph.D., CFA Good Info, Not Enough Analysis I've now read most of my review copy of Investment Opportunities for a Low Carbon World.  The quality of the information is generally excellent, as Charles has described in his reviews of the Wind and Solar and Efficiency and Geothermal chapters.  As a resource on the state of Cleantech industries, it's generally excellent.  As an investing resource, however, it leaves something to be desired.  Each chapter is written...
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Bargain Priced Alternative Energy Stocks

A review of Crystal Equity Research’s novel alternative energy indices found a number of companies that have delivered exceptional price appreciation over the last year.  Several were reviewed in the recent post “Alternative Returns” on May 8th.  Expectations for growth appeared to be driving the price movement, so the last post “Quest for Growth” featured four companies from the indices for which analysts have posted high growth predictions.  Not unexpectedly some investors have already bid higher the stocks of those promising companies. In this post we go back to the lists to find the companies with both high growth predictions and low price-earnings...

Climate Change & Corporate Disclosure: Should Investors Care?

Charles Morand On Monday morning, I received an e-copy of a new research note by BofA Merrill Lynch arguing that disclosure by publicly-listed companies on the issue of climate change was becoming increasingly "important". The note claimed: "e believe smart investors and companies will recognize the edge they can gain by understanding low carbon trends." I couldn't agree more with that statement. It was no coincidence that on that same day the Carbon Disclosure Project (CDP), a non-profit UK-based organization that surveys public companies each year on the state of their climate change awareness, was...

Five Alternative Energy Stocks I’ll Research “One of These Days”

I have more ideas than I have time to explore them, and it's getting out of hand.  I still need to write the promised articles on Evergreen Solar (ESLR) and Lithium Technology Corp (LTHU), but there are many others that have caught my attention over the last six months or so.  Since the list keeps getting longer, I thought I'd just give you a taste of some of the companies in my inbox, and why they seem interesting.  Since I may or may not ever write articles about any of these, I thought I'd give people the opportunity to...

How Geothermal Heat Pumps Can Soar Like Solar

Tom Konrad CFA Geothermal Heat Pumps (GHP) are a niche market.  They shouldn’t be. Disclosure: Long WFIFF, short LXU puts (a net long position.) A Better Mousetrap? Ralph Waldo Emerson never said “Build a better mousetrap, and the world will beat a path to your door.”  The mousetrap that likely inspired the misquote was invented seven years after his death.  Unfortunately, many people take it literally.  GHPs have all the hallmarks of a better mousetrap: They do the job of heating and cooling a building more efficiently than any other option.  Despite...

Ten LED Stocks, and a Wildcard

Tom Konrad CFA Clean Edge says the phase-out of incandescent light bulbs is opening the way for low-cost LEDs.  These are the stocks to know. Federal regulations are flipping the switch on our love affair with incandescent light bulbs.  Research firm Clean Edge's just-released Clean Energy Trends 2011 says this opens the way for a clean energy trend to watch: With compact-fluorescent light (CFL) bulbs the only legal competition in much of the world, Light-Emitting Diode (LED) bulbs need only the arrival of an affordable replacement for the standard 60 watt bulb in order to be met...

Recycler Priced for Recovery

by Debra Fiakas CFA Shares of Appliance Recycling Centers of America (ARCI:  Nasdaq) has trended downward over the last year, despite some strong fundamental progress in the company’s position the recycling sector.  The corporate name tells at least part of the company’s story.  Besides recycling appliances such as washers, dryers and refridgerators, ARC also sells new and like-new appliances right out of the box.  The company has eighteen stores branded ApplianceSmart across the country.  Services to electric utilities and other energy companies related to energy efficiency programs provide yet another revenue source. In the twelve months ending March 2017, ARC reported...

OLED Miscues

Last week shares of Universal Display (OLED:  Nasdaq) closed down 15.8% on the week.  The price move was a surprise, especially for Universal’s ebullient management team.  The company had reported sales and earnings well above expectations for the fourth quarter ending December 2017, as the market embraces the company's proprietary energy-saving display technology.  The consensus had been for $0.85 in earnings per share on $100 million in total sales for the quarter. Management delivered. Sales in the quarter totaled $115.9 million as sales of proprietary PHOLED phosphorescent materials soared.  Net income was $32.8 million or $0.69 per share.  Excluding a one-time write-off of deferred tax assets of $11.5 million...