Ten Clean Energy Stocks For 2017: Summer Harvest

Tom Konrad Ph.D., CFA Colossal Fossil Failure With a president actively hostile towards renewable energy and focused on promoting fossil fuels, it would be easy to think that clean energy stocks would underperform their fossil cousins.  The exact opposite has been true.  Despite the administrations' efforts and tweets bragging about new highs for the Dow, energy funds are down over 10% for the year.  For example, the Energy Select Sector SPDR (XLE), largely composed of oil and gas companies, is down 13% for the year.  The tiny coal sector did better, with the VanEck Vectors Coal ETF up 18%. Even so, Trump's...

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...

Fuel Cell Companies Purchased for Portfolio

I placed several trades for the mutual fund this afternoon to start building a position in some of the fuel cell companies. This sub-sector has been under pressure the last couple of months but seems to be building a nice base of support at the current levels. I feel this entire sub-sector is ready for a nice up move and the stocks have been behaving nicely the last week or so. The one stock I seriously considered not adding was Quantum. The stock has been in a steady decline and there is no sign that it’s going to slow...

10 Clean Energy Stocks For 2018 Preview

Like last year, I will be offering paying readers a preview of my Ten Clean Energy Stocks for 2018 list.  I plan to publish the final article after market close on January 1st.  If you would like to see a draft version mailed on December 29th (a full trading day before the final publication) please PayPal $10 to me at with a note that it's for the 10 for 2018 preview.  The draft will contain the full list, but may not have a complete stock discussion for each stock.  I plan to finish the article over the next couple days. Note...

Ten Clean Energy Stocks For 2017: Taking Profits

By Tom Konrad Ph.D., CFA 2017 is turning into a second banner year in a row for my “Ten Clean Energy Stocks” model portfolio. I expected at best to make high single digit returns after the impressive 20% (while my benchmark fell 4%). Instead, the portfolio produced a 36.8% total return while its benchmark is up 19.5% with only four trading days left in the year. Such returns are obviously cause for celebration, and also for profit taking. I plan to replace at least five of this year's list with new stocks in the 2018 (tenth annual) “Clean Energy Stocks” model...
10 Clean energy Stocks Performance Chart

Ten Clean Energy Stocks Back In Positive Territory Year To Date

Stay tuned for a full update next month, but it's nice to be back in the black... especially with the benchmarks still struggling.  Thanks to Enviva (EVA), Covanta (CVA), and Seaspan (SSW).  Until then, here's the May update, where I said EVA and CVA were two of my 3 top short term picks , and I commented that "I still think Seaspan has significant room to the upside." AY (at $18.91) and TERP (at $10.83) are my top short term picks right now. Disclosure: Long EVA, HIFR, GPP, BEP, TERP, PEGI, AY, NYLD, NYLD/A, CVA, SSW.

High Income Green Investing For Small Investors

Tom Konrad Ph.D., CFA Until recently, green income investing was an oxymoron. Most companies people think of as green (think Tesla Motors (TSLA) or First Solar (FSLR)) are relatively new companies that are investing all of their profits (such as they are) back into the business.  Meanwhile traditional income sectors like utilities, oil and gas, and coal mining are deeply tied into fossil fuels.  Real Estate Income Trusts (REITs) are the sole exception.  A REIT is as green as the property it owns, and a few such companies are real leaders in sustainable buildings......

Ten Clean Energy Stocks for 2010

Tom Konrad, CFA A mini-portfolio of stocks that not only are green, but should outperform the market in an environment of increasing concern about climate change and peak oil. This is the third annual list of green stocks I have published.  In 2008, it was a list of ten speculative alternative energy companies (in three parts) that I thought might catch public notice that year.  As we all now know, 2008 was a horrible year for speculative stocks, and my stocks were no exception, losing an average of 55% that year, although that still ended up being better than...
5 year performance

Ten Clean Energy Stocks For 2018: Wrap Up

by Tom Konrad Ph.D., CFA Almost every major index fell in 2018.  My Ten Clean Energy Stocks model portfolio and the Green Global Equity Income Portfolio (GGEIP), the real-money portfolio that I manage were not exceptions.  Still, I'm satisfied with their performance: the model portfolio lost only 1.3 percent for the year, while GGEIP was down 2.6 percent.  That's well ahead of most indexes, including my benchmarks YLCO (down 7.8 percent) and SDY (down 4.1%.)  These benchmarks are intended to reflect the performance of clean energy dividend stocks and general of dividend stocks, respectively.  Non-income oriented indexes such as the...

Ten Clean Energy Stocks for 2012

Tom Konrad, CFA There is a silver lining to the horrible year clean energy stocks had in 2011: the opportunity to buy clean energy stocks (often considered a growth sector) at prices one would expect from value stocks. Each year since 2008 I have published an annual list of ten clean energy stocks I thought were good buys at the beginning of the year.  While the 2008 list was not really intended as an investment portfolio, my annual lists quickly evolved into a mini-portfolio of stock intended for hands-off investors who did not want to pay the high...

Ten Clean Energy Stocks For 2014

A list of ten high yield and value clean and alternative energy stocks expected to do well in 2014.

A Blue-Chip Alternative Energy Portfolio

Update: an expanded version of this portfolio appears here. Alternative Energy: Risky but Alluring For many of my older or more cautious clients, investment in small, profitless (or nearly so) startup alternative energy companies is inappropriate.  Even a diversified ETF such as the Powershares Wilderhill Clean Energy portfolio (AMEX: PBW) is too volatile due to its heavy exposure to profitless renewable energy companies such as Evergreen Solar (ESLR) (NasdaqGM: ESLR).   Because of this, in the last year PBW has been over $24, but as low as $16.24.  While such volatility can lead to supercharged profits when you are...
10 Clean energy stock model portfolio performance

Ten Clean Energy Stocks For 2018: September Quick Update

As you can see from the chart, September was a tough month for my model portfolio of Ten Clean Energy Stocks for 2018.  Seaspan (SSW) fell back on trade war fears and Green Plains Partners (GPP) fell on ethanol market weakness caused by retaliatory ethanol tariffs and the Trump EPA's continued undermining of the Renewable Fuel Standard.  I'm less sure why Covanta (CVA) is down, but Clearway Energy's (CWEN and CWEN-A formerly NRG Yield) small decline is due to a recent secondary offering. Two of these (CVA and GPP) were my top picks last month, while the third was Terraform Power (TERP). ...

Ten Clean Energy Stocks Under Trump (November 2016)

Tom Konrad, Ph.D., CFA So far, the broad stock market seems to like the idea of a tax and regulation-cutting and infrastructure spending Trump administration and Republican controlled Congress.  The bond market is less pleased at the rapidly growing deficits such a "borrow and spend" policy will inevitably entail.  While the S&P 500 advanced 3.4% in November, bond funds fell in the face of rising interest rates.  The iShares 20+ Year Treasury Bond (TLT) fell 8.4%. Clean energy stocks were also hurt by the incoming President's climate change skepticism and his promises to undo environmental regulations put...

Change Winds Blow for Renewable Energy Income Trusts

Renewable energy is still very much in its infancy, which means that companies in the space are either profitless or high-multiple startups, or divisions of much larger companies (GE Wind (NYSE:GE), or utilities such as FPL Group (NYSE:FPL) and Xcel (NYSE:XEL) which get much of their power from conventional generation.) This presents a dilemma for investors who understand the compelling drivers for the sector, but whose risk tolerance or financial needs indicate an income-based investing strategy. Canadian Income Trusts in Renewable Energy A few Canadian Income Trusts have historically gone some way towards filling this niche....
Ten Clean Energy Stocks through 10/31/18

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...