Two Clean Energy Speculations For 2014: Wrap-Up
Tom Konrad CFA I included two "Clean Energy Speculations" along with my annual model portfolio of ten clean energy stocks this year. It's been a tough year for clean energy stocks in general, with my industry benchmark (Powershares Wilderhill Clean Energy ETF (PBW)) down about 15% since I initiated the portfolios on December 27th 2013. Despite this, both the main portfolio and the speculations look likely to end the year with small gains. The two speculations were Ram Power Corp (TSX:RPG, OTC:RAMPF) and Finavera Wind Energy (TSX-V:FVR, OTC:FNVRF). Both are clean energy project...
November Update: What Will The Election Bring for Clean Energy Stocks?
11 Clean Energy Stocks for 2012 Tom Konrad CFA October Overview October brought a gentle fall to my Clean Energy model portfolio, and a slightly-less gentle decline for the clean energy sector and the stock market as a whole. Both the unhedged and hedged versions of my model portfolio fell 2.3% for the month, compared to a 4.1% decline for the widely held Powershares Wilderhill Clean Energy ETF (PBW), which I use as a benchmark for the clean energy sector as a whole, and a 4.0%...
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...
Alternative Energy Stocks Portfolio Update
It's been six weeks since I last provided readers with an update on the Paper Portfolio. According to the guidelines I laid out there, stocks are added to the portfolio when Chares or I mention them positively for the first time (leaving out ones for which Yahoo! finance does not have historical data, which are mostly pink sheet stocks.) Here are the ones we've added since then. Stock Article Date Added Price Price 9/5/07 DOW Investing in energy Efficient Homes 7/24/07 $47.20 $42.20 OC Investing in energy Efficient Homes 7/24/07 $33.00 $24.26 ...
Ten Clean Energy Stocks For 2015
Tom Konrad CFA 2015 marks my seventh annual list of ten clean energy stocks. An equal weighted portfolio of the ten stocks in each year's list has outperformed my industry benchmark every year except 2013. 2014 was no exception, but it was a bittersweet victory in that the model portfolio was slightly down while the benchmark lost considerably more in a very challenging year for clean energy stocks. I will publish a wrap-up article for the 2014 list in the next couple days, but I wanted to get the 2015 list out on New Year's day. ...
Shares in Altair Nanotechnologies Purchased
I purchased shares in Altair Nanomaterials (ALTI) this morning for both my personal portfolio and also the mutual fund. ALTI is a holding company that specializes in nanomaterials and also contains a life sciences division. The materials company has research in high performance batteries, fuel cells, and photovoltaics. Altair announced earnings today and the stock is up on the morning trading. Revenue Increases 68 Percent for Third Quarter and 230 Percent for Nine-Month Period "An increase in revenue of 230 percent for the first three quarters of 2005 is representative of the significant progress Altair has...
Ten Clean Energy Stocks for 2009
UPDATE: Here's how this portfolio performed in 2009. Here is a mini-portfolio of ten Renewable Energy and Energy Efficiency Stocks I expect to do well in 2009. Last year, I brought you ten speculative picks in Renewable Energy and Energy Efficiency, and I evaluated them against clean energy mutual funds and ETFs on Monday. I chose to go with speculative picks, because I did not expect readers to be interested in the stodgier, value-oriented picks I usually prefer. Given the lessons of the credit crisis, if you still prefer speculative picks, you're an inveterate gambler. If I get...
10 Clean Energy Stocks for 2020: Updated Model Portfolio
by Tom Konrad, Ph.D., CFA
After a couple down market days, all the limit orders I listed on Monday have executed.
Here is the current portfolio:
Position
Shares
Position
Shares
CVA
135
CIG
587
CVA Mar21 $7.50 Put
-2
RDEIF
100
VLEEF
57
VEOEF
75
GPP
276
EBAY Jan ‘21 $8 Put
-1
NFYEF
98
Cash
$4415
MIXT
274
Coming Up:
Third quarter earnings season is starting… I plan to write short notes on earnings as they come out for my Patreon supporters, which will be compiled into longer articles on AltEnergyStocks.com a few days later.
Also, I’m doing a talk on how to divest from fossil fuels with the founder of divestor.org this coming Monday at 8:30 pm ET for the Climate and Health subgroup of Citizens Climate Lobby ...
11 Clean Energy Stocks for 2012: July Update
Tom Konrad CFA June was a month of recovery for the stock market in general and clean energy stocks to a somewhat lesser extent. The Russell 2000 index (^RUT, which I use as a broad market benchmark in this series) was up 9% in June, while the Powershares Wilderhill Clean Energy ETF (PBW) gained 5.3%. So far for the year, ^RUT has produced a total return of 9.5%, while PBW shows a loss off 12.2%. My model portfolio introduced in January of 11 equally-weighted clean stocks lost ground yet continues to outperform the clean energy...
Ten Clean Energy Stocks for 2013: March Update
Tom Konrad CFA March Clip Art by Phillip Martin While the broad market of small stocks as measured by my benchmark the iShares Russell 2000 Index (IWM) managed to turn in a small 2% gain in March for the third month in a row, clean energy stocks repeated February's performance, giving back more of January's spectacular gains. My clean energy benchmark, the Powershares Wilderhill Clean Energy Index (PBW), declined 3.2% to end the quarter up 5.5% for the year, while IWM closed up 12.2% for the...
Ten Clean Energy Stocks For 2016: Earnings Season
Tom Konrad CFA May was a tough month for most clean energy stocks, even though the broad market was up slightly, but my Ten Clean Energy Stocks for 2016 model portfolio continued to out-perform, mostly because of strong earnings for several stocks. The model portfolio was up 3.1% for the month and 3.8% for the year to date, even though its clean energy benchmark fell 2.0%, for a decline of 2.8% for the year through May 31st. The broad market of small cap stocks also rose, and was up 2.2% for a total gain of 2.4% for the...
Ten Clean Energy Stocks For 2016: August Earnings
Tom Konrad, Ph.D., CFA My Ten Clean Energy Stocks for 2016 model portfolio continued to coast upward in August after five months of blistering performance since February, while clean energy sector benchmarks and real managed portfolio, the Green Global Equity Income Portfolio (GGEIP), pulled back slightly. The following chart shows the performance of the model portfolio and its sub-portfolios against their benchmarks. The portfolio, its growth and income subportfolios, and GGEIP all remain far ahead of their benchmarks. Second quarter earnings announced this month were neutral or positive for the income...
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 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...
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 Yieldco Virtuous Cycle
by Tom Konrad, Ph.D., CFA
Readers who followed my coverage of the Yieldco bubble in 2015 know the Yieldco Virtuous Cycle.
A Yieldco’s stock price rises
It issues new shares, and invests the money in renewable energy projects.
Because the stock price is high, it is able to buy more project cash flow by issuing fewer shares than it has in the past.
Cash flow available for distribution (CAFD) per share increases, despite the increasing number of shares outstanding.
Yieldco management sets a target for continued rapid annual distribution growth, which can be met either by further share issuance (if...
