Why Alternative Energy Stocks Are Down Despite An Obama Victory

By Harris Roen If you follow the energy sector closely, then you know that many questions regarding the direction of alternative energy companies were looming during the 2012 campaign season. Was the country going to continue with the Obama Administration’s “all-of-the-above” strategy with its strong emphasis on renewables, or would there be an accelerated domestic drilling and pipeline bonanza under Republican leadership. When the election finally ended last week, many pundits expected investors to pour money into the beleaguered alternative energy sector resulting in a surge of stock prices. So why, instead, did alternative energy...

Cleantech Venture Capitalists Beware – What You Don’t Know About Energy Can Kill You

Oil prices quietly (at least in the cleantech world), slipped below $80 last week, off some 50% from their highs a few months ago. Did I say 50%? Yes 50%. And gas has slipped, too, as with some variations, natural gas historically trades at a roughly 10:1 price ratio of Barrels to MCF. It's easy to get caught up in the cleantech hype and forget that only 10 years ago this year oil prices fell two thirds, caught between rising supply from a decade of drilling and nasty Asian flu, triggered in part by, wait, a financial debt...

Are the Declines in Solar and Wind Stocks Structural, or Cyclical?

Tom Konrad, CFA Last week, I asked three green money managers if they thought cleantech stocks, especially solar and wind sectors were near a bottom.  While they did tell me about eight cleantech value stocks, they were not ready to call the bottom. Commoditization in Clean Energy In response to my questions, Rafael Coven, the manager of the Cleantech Index (^CTIUS), which is the index behind the Powershares Cleantech Portfolio ETF (PZD,) ...

Solar Energy Industry Association (SEIA) Tax Equity Conference Brief

I recently attended the Solar Energy Industry Association's (SEIA) Finance and Tax Seminar in New York. The subject matter in this event delved into issues related to tax equity finance.  Each panel session was moderated by a tax attorney or an accountant, and most of the content of the sessions consisted of technical tax law. To place the discipline into context, one speaker noted that the tax equity renewables investing deal volume in 2018 was $2-3B for solar and $9B for wind, and the number of tax equity participants is roughly only 25-35 large corporations.  So unless there are changes...

Energy in the Great Depression

Energy in the Great Depression Eamon Keane With the focus on the size of the ECB's balance sheet and eurozone bond auctions, it can be difficult to see the big picture of where this is going. Concerns about oil and climate change have taken a backseat to the foreboding sense of doom. To see the implications for energy it requires a look at the direction of the financial system. In recent times every 40 years or so there has been an upheaval in the monetary system, as Philip Coggan explains in his excellent...

AltEnergyStocks.com’s Ten Best Competitors

When I began writing about clean energy investing in 2006, my competition was sparse.  The quality blogs with industry heavyweights were either not focused on investing, or were primarily focused on venture capital.  Now the world has changed.  I keep finding new blogs and writers with a strong focus on both clean energy and public companies.  Here are a few I'd like to share with readers: Dedicated Blogs Energy Tech Stocks - Three articles a day can be a little daunting, but that's what happens when you try to cover everything. Camino Energy - Their PurePlay indices are a...

What’s In Store For Cleantech Stocks?

Tom Konrad Ph.D., CFA talks with four investors about the rocky year ahead for the stock market and the likely impact of the market correction. Note: This article was first published on GreenTechMedia on January 21st. With the markets in free fall since the start of the year, many investors are rightfully worried about their portfolios' rapid declines. Although one of the biggest drivers of recent declines has been the fall in fossil fuel (especially oil) prices, clean energy investors have been far from immune. Is it time for clean energy investors to run...

Solar: Energy, But Not Oil

by Garvin Jabusch Solar photovoltaic (PV) as a means of deriving energy is fundamentally different from fossil fuel-based commodities (oil, coal, and gas). Consider: A solar PV panel can be thought of as nothing more than a hugely oversized computer chip a bunch of circuitry embedded in a silicon wafer. Indeed, in most economic sector classification schemes (GICS, etc.), PV manufacturers are defined as "semiconductors," which is basically true (if misleading in other ways).  So different are the driving economics behind tech-based and commodities-based means of deriving energy, that we at Green Alpha are recommending to Standard &...

2006 & Alt Energy Investing: 6 Key Points to Remember from a Great Year

It is customary, at the dawn of a new year, to reflect back on the past year’s highlights. This exercise is generally conducted immediately before the new year, so you could say I’m a little late. However, this time around, instead of creating my own list of key things to remember from 2006, I decided to see what the heavy hitters in the alt energy and clean tech spaces had to say. I picked 3 sources that I read religiously and that all published such a list for '06. They are: Clean Break, Cleantech Blog and Red Herring....

Molycorp: Holding a Stinky Bag

by Debra Fiakas CFA   Last week news agencies reported plans by Molycorp (MCPIQ:  NYSE) to move forward with plans to sell major assets as part of a plan to emerge from bankruptcy.  Molycorp was the single largest producer of rare earths in the U.S. until it discontinued product at its Mountain Pass mine in Colorado.  Molycorp filed for bankruptcy protection in June 2015 after it became apparent that it could no longer support the debt on its balance sheet on historically low selling prices for its rare earth materials. The turn of the tide for Molycorp...

Charitable Investments: How to Grow Your Portfolio While Making a Difference

by Mark Tan The country is currently experiencing a shift toward more sustainable living. In addition to the wide array of whole food markets and hybrid cars available to today’s consumer, many people also want their investments working for the greater good. Although these investments have been around for more than a decade, the past few years have seen substantial growth in the areas of charitable investments, sustainable 401ks, and green bonds. No matter your passion, your financial portfolio can make a difference in the world, while still generating profit for you. Charitable Investing 101...

Cheap Oil: Nemesis Or Sideshow?

by Garvin Jabusch Next economics posits that for the global economy and earth's tolerances/carrying capacities to run in a mutually tolerable equilibrium, we must continue to make rapid advances in economic efficiencies in all sectors. For 7.3 billion of us (and counting) to thrive on finite resources and avoid the worst effects of climate change, we have to drive more and more economic output from less and less input. Fortunately, energy is one of the areas where we can quickly make huge strides in this respect but not with fossil fuels in the mix. On the contrary,...

Critical Energy Metals – A One Way Bet?

Global Technology Metals Eamon Keene The Department of Energy (DOE) released a report Wednesday which undertook a strategic review of the use of critical metals in the emerging clean energy space. "Critical Materials Strategy" is a 170 page report which provides a useful overview of the possible metal bottlenecks - and hence investment opportunities - in clean technologies. The investment thesis which can best benefit from shortages is called "Strategic Positioning". Developed by Patrick Wong, former CIO of Dacha Capital, this thesis "basically looks at parts/processes in the building of any product...

The Truth Ain’t That Incovinient Anymore, So What’s Next?

I attended Al Gore's An Inconvenient Truth lecture in Toronto tonight. I assume many of you have seen the movie so I'm not going to go into the details of the presentation, which is essentially the same as the movie give-or-take a couple of slides. Instead, I'm going to share with you some of the thoughts I had as I was listening to the former VP. Firstly, I bought this whole climate change thing a long time ago and I've seen the movie, so substantively I got very little out of this. As with the movie, I...