Shares in XsunX Inc. Purchased
You may have noticed that I'm starting to buy again. Well I also purchased shares in XSUNX Inc. (XSNX) this morning for my personal portfolio. Marketocracy will not allow me to purchase this stock in the mutual fund since it trades over the counter as a penny stock. The stock has been a strong mover since early September and I have been waiting for a pull back that has never materialized. I decided to purchase a 1/3 position here at this point. XsunX is a development stage company that I have profiled in the past. Since I started...
Wind Developers For Sale: 11 Clean Energy Stocks for 2012, October Update
Tom Konrad CFA September Overview September was another quiet month for my Clean Energy model portfolio and the stock market in general, with the exception of Finavera Wind Energy (TSX:FVR, OTC:FNVRF), which put itself up for sale last Monday (see below.) Since my last update, my model portfolio rose a modest 4.5%, shadowing my broad market benchmark, the Russell 2000 index (^RUT), also up 4.5%. Although my clean energy picks rose in line with the broader market, the clean energy sector as...
Ten Clean Energy Stocks for 2010: Q2 Update
Tom Konrad CFA In the six months since I published my annual clean energy mini-portfolio, it has far outperformed my industry benchmark, the Powershares Wilderhill Clean Energy Index (PBW). The dismal performance of renewable energy stocks so far this year is likely to lead to great buying opportunities in the rest of the year. 2010 is the third year in a row that I've published a list of ten renewable and energy efficiency stocks that I expect to perform well over the coming year. The details on the list for 2010 are here; this article is...
Covanta’s Q1: Ten Clean Energy Stocks For 2019
by Tom Konrad Ph.D., CFA
Covanta Holding Corp. (NYSE:CVA)
12/31/18 Price: $13.42. Annual Dividend: $1.00. Expected 2019 dividend: $1.00. Low Target: $13. High Target: $25.
3/26/19 Price: $17.86. YTD Dividend: $0.25. YTD Yield: 1.9% YTD Appreciation: 33.1% YTD Total Return: 34.9%
Leading waste-to-energy operator Covanta's stock has been the second best performing holding in my 10 Clean Energy Stocks for 2019 model portfolio. While in many ways the company is similar to the clean energy Yieldcos that dominate the model portfolio, it is different in that it develops its own projects, while most Yieldcos depend on a sponsor to develop projects which...
Ten Clean Energy Stocks For 2015: Riding The Storm
Tom Konrad CFA The first half of 2015 saw a mild advance in the broad market, but concerns about rising interest rates and the ongoing Greek debt drama sent income stocks, clean energy, and most non-US currencies down decisively. My Ten Clean Energy Stocks for 2015 model portfolio has heavy exposure to not only clean energy, but income stocks (6 out of 10) and foreign stocks (4 out of 10.) Despite this the stormy market for all three, the portfolio delivered admirably. The model portfolio ended the second quarter up 9.7%, compared to its broad market...
Shares in Active Power Purchased
I currently don't have time to do a complete writeup on this stock, but wanted to let everyone know that I purchased shares in Active Power Inc (ACPW) this afternoon for both my personal portfolio and the mutual fund. The average price was at $3.77. I will updated this post later this afternoon with more details. Updated at 10:00 PM As I mentioned above I purchased shares in Active Power Inc (ACPW) this afternoon for both the mutual fund and my personal portfolio. Active Power designs and sells battery-free uninterruptible power supply (UPS) systems....
Ten Green Energy Gambles for 2010: Update I
Tom Konrad, CFA A quick update of last month's list of speculative puts, to reflect the new options symbols. In January, I put together a list of nine puts and one small energy efficiency stock I expect to do well this year. I normally only do updates on these every quarter, but because of the recent change option symbols, I thought I'd revisit my 10 Green Energy Gambles. The links in the original article have stopped working; this new table shows the current list. Here's the list: with updated option symbols. Security Portfolio...
What 11 Clean Energy Stocks Did on My Summer Vacation
Tom Konrad CFA August Overview I was traveling for much of the month of August, and so did not keep up with most of my stocks. But not much happened while I was gone, with the broad market and renewable energy stocks both producing small gains for the month of a little over three percent, as measured by my benchmarks, the Russell 2000 index (^RUT, 3.4%), and the most widely held clean energy ETF, the Powershares Wilderhill Clean Energy ETF (PBW, 3.2%). My Clean Energy model portfolio also had a relatively uneventful month,...
Ten Clean Energy Stocks For 2018: Third Quarter Earnings
Tom Konrad Ph.D., CFA
After a fairly brutal September and October my Ten Clean Energy Stocks model portfolio is barely hanging on to positive territory for the year (up 2.4%) as is the private portfolio I manage, the Green Global Equity Income Portfolio (GGEIP, up 0.8%). Yet I can take comfort in superior relative performance, since my broad dividend income benchmark SDY is now down 0.1% for the year, and the clean energy income benchmark YLCO has fallen 5.8%. All returns are total return after fees and dividends.
The strong relative performance in a weak market is most likely due to...
Portfolio For A GHG-Regulated World
Investment opportunities connected to climate change and greenhouse gas (GHG) regulation are a popular topic of discussion on this blog. Most of the time, however, the companies we discuss are relatively small, often unknown to most investors and overall pretty speculative. Yesterday, I came across an interesting article on Seeking Alpha entitled "Investing In a Greenhouse Gas-Regulated World" - the title says it all. The article looks at the question of investing in a GHG-constrained world from a conventional portfolio management perspective, and therefore argues for a low weighting in pure-play cleantech or carbon finance stocks, and...
Ten Clean Energy Stocks For 2019: Will Pattern Merge With Terraform?
by Tom Konrad Ph.D., CFA
August 2019 saw economic warning signs flashing and a worsening trade war with China. Unsurprisingly, this led to weakness in most stock market indexes.
My broad income stock benchmark SDY was down 2.4% and the energy income stock benchmark YLCO fell 0.3% for the month. Most of the stocks in my 10 Clean Energy Stocks model portfolio continued to buck the trend, with the portfolio as a whole gaining 2.2% for the month. My real-money managed strategy, GGEIP, also turned in a solid 1.9% gain.
The strong performance of my portfolios probably rises from the falling interest...
The Year of the Balance Sheet
Year in Review: Ten Green Energy Gambles for 2009 Tom Konrad, CFA My speculative renewable and alternative energy stock picks for 2009 had mixed results. The gambles came nowhere near the performance of my 10 Clean Energy Stocks for 2009, and only kept pace with their benchmarks. The reasons why can be found on the companies' balance sheets and cash flow statements. In January 2009 in response to popular demand, I gave readers ten picks of speculative green energy stocks. I tend to buck the general trend that renewable energy investors tend to be gamblers, but my annual stock...
Shares in Energy Conversion Devices Purchased
Energy Conversion Devices Inc (ENER) opened up trading this morning with a gap down to the $33 level. For the last hour it has been steadily rising up from this point. As I said in my earlier post, I have been looking for a good entry point in this company and feel that the near term support of $33 is an ideal area to place an order. The stock has been on a run for several months and it is always hard to take a new position in a stock that has already seen dramatic increases...
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 ...
Ten Clean Energy Stocks For 2018: Quick November Update
by Tom Konrad Ph.D., CFA
At the start of November, I abandoned my short-term bearish stance on the market, writing "I’m not confident that the correction is over, but we seem to be heading into a temporary lull, and so I’m going to abandon cash as my top pick for November." This turned out to be a good call, with my Ten Clean Energy Stocks model portfolio up 4.3% for the month, slightly behind its broad dividend income benchmark, SDY, which was up 4.9%. Its clean energy income benchmark YLCO gained 1.6%, as did the private portfolio I manage, the...
10 Clean Energy Stocks For 2020 May Update: Red Eléctrica, Ebay, NFI Group
by Tom Konrad, Ph.D., CFA
Market Outlook
The continuing market rebound in the face of a worsening epidemic in the US (outside of the initially hardest hit states) widespread protests against lack of police accountability, and a President who thinks the right response to mostly peaceful protests is to call in the military continues to befuddle me.
The risks in today's stock market outweigh the possibility of future potential gains. Although I was buying aggressively in March, I've shifted back to a more cautious stance, and am mostly starting to sell covered calls on my positions with the greatest gains. I generally...
