Tag: AQN

10 Clean Energy Stocks

Ten Clean Energy Stocks For 2018: Second Quarter Earnings

Tom Konrad Ph.D., CFA July and August saw some mild recovery for the stock market after a difficult first half of 2018.  Clean energy income stocks continue to lag the broader market, but my Ten Clean Energy Stocks model portfolio has managed to maintain its lead over its broad market benchmark. Through August 31st, the model portfolio is up 7.5%, compared to its broad dividend income benchmark SDY, which is up 5.3%.  Its clean energy income benchmark YLCO is down 1.2, even after dividend income.  The private portfolio I manage, the Green Global Equity Income Portfolio (GGEIP), is slightly behind the...
Power production from wind and solar

List of Power Production Stocks

Alternative energy power production stocks are companies whose main business is the production and sale of electricity from alternative energy installations, such as solar farms, wind farms, hydroelectric generators, geothermal plants, cogeneration facilities, and nuclear plants. 7C Solarparken AG (HRPK.DE) Acciona, S.A. (ANA.MC, ACXIF) Atlantica Yield plc (AY) Algonquin Power & Utilities Corp. (AQN, AQN.TO) Avangrid, Inc. (AGR) Bluefield Solar Income Fund Ltd. (BSIF.L) Boralex (BLX.TO, BRLXF) Brookfield Renewable Partners L.P. (BEP) Capital Stage AG (CAP.DE) Edisun Power Europe AG (ESUN.SW) Elecnor, S.A. (ENO.MI) Foresight Solar Fund plc (FSFL.L) Global X YieldCo ETF (YLCO) Greencoat UK Wind PLC (UKW.L) Innergex Renewable Energy Inc. (INE.TO,INGXF) John Laing Environmental Assets Group Limited (JLEN.L) Juhl Energy, Inc. (JUHL) NextEra Energy Partners,...
power production from wind and solar

List of High Yield Alternative Energy Stocks

This is a list of renewable and alternative energy stocks with dividend or distribution yields above 4%.  The list includes most Yieldcos (high distribution companies that own renewable energy operations), but is not limited to Yieldcos. Some Yieldcos may be excluded if their yield is below 4%. Atlantica Yield plc (AY) Algonquin Power & Utilities Corp. (AQN, AQN.TO) Bluefield Solar Income Fund Ltd. (BSIF.L) Brookfield Renewable Partners L.P. (BEP) Companhia Energética de Minas Gerais (CIG) Covanta Holding Corporation (CVA) Crius Energy Trust (KWH-UN.TO, CRIUF) Enviva Partners, LP (EVA) Foresight Solar Fund plc (FSFL.L) GATX Corporation Series A (GMTA) Global X YieldCo ETF (YLCO) Greencoat UK Wind PLC (UKW.L) Green Plains Partners LP...
Solar Farm

List of Solar Farm Owner and Developer Stocks

Solar farm owner and developer stocks are publicly traded companies who develop or manufacture equipment that converts sunlight into other types of useful energy.  Includes manufacturers and developers of both solar photovoltaic and solar thermal equipment, as well as their supply chain. See also the list of Solar Manufacturing Stocks, the list of Residential Solar Stocks (forthcoming 6/21/18), and solar and wind inverter stocks. 7C Solarparken AG (HRPK.DE) Abengoa SA (ABG.MC, ABGOY, ABGOF) Acciona, S.A. (ANA.MC, ACXIF) Algonquin Power and Utilities (AQN, AQN.TO) Atlantica Yield PLC (AY) Bluefield Solar Income Fund (BSIF.L) Boralex (BLX.TO, BRLXF) Brookfield Renewable Energy Partners (BEP) Canadian Solar (CSIQ) Capital Stage AG (CAP.DE) Edisun Power Europe AG (ESUN.SW) Etrion...
wind farm

List of Wind Farm Owner and Developer Stocks

Wind farm owner and developer stocks are publicly traded companies that site, permit, develop, construct, own, or operate wind farms for producing electricity. Acciona, S.A. (ANA.MC, ACXIF) Algonquin Power and Utilities (AQN, AQN.TO) Atlantica Yield PLC (AY) Atlantic Power Corporation (AT) Avangrid, Inc. (AGR) Boralex (BLX.TO, BRLXF) Brookfield Renewable Energy Partners (BEP) China Longyuan Power Group Corporation Limited (0916.HK, CLPXF) China Ruifeng Renewable Energy Holdings Limited (0527.HK) Orsted (ORSTED.CO, formerly DENERG.CO) E.ON AG (EONGY) Enel SpA (ENEL.MI, ESOCF) Greencoat UK Wind (UKW.L) Infigen Energy Limited (IFN.AX, IFGNF) Innergex Renewable Energy Inc. (INE.TO, INGXF) Juhl Energy, Inc. (JUHL) NextEra Energy Partners, LP (NEP) NextEra Energy, Inc. (NEE) Nordex AG (NRDXF, NDX1.DE) Northland Power Inc. (NPI.TO, NPIFF) NRG Yield, Inc. (NYLD, NYLD-A) Otter Tail Corp...
10 Clean Energy Stocks

Ten Clean Energy Stocks For 2018: Oddballs Spring Back

After a stormy winter for the broad market and clean energy stocks, including my picks, March and April brought relative calm.  Better yet, my model portfolio has rebounded from its February lows, although its benchmarks (SDY for the broad market of income stocks and YLCO for clean energy income stocks) have mostly been treading water. The gains were led by two of my less conventional clean energy picks, Seaspan (SSW) and InfraREIT (HIFR).  Seaspan owns (mostly very efficient) container-ships, which most people would not associate with clean energy, but which I include because they they are much less energy intensive...

One Week, Three YieldCo Deals. Are More Buyouts on the Horizon?

by Tom Konrad, Ph.D., CFA It's been a busy several days in the YieldCo space. On February 5, 8point3 Energy Partners (NASD:CAFD) announced an agreement to be acquired by an infrastructure investment fund managed by Capital Dynamics. While I was still writing an article on why the sale price was at a virtually unheard of discount relative to the stock market price, two more YieldCo deals were announced: NRG Energy (NYSE:NRG) agreed to sell its sponsorship stake in NRG Yield (NYSE:NYLD and NYSE:NYLD/A) to Global Infrastructure Partners, and YieldCo TerraForm Power (NASD:TERP) made an offer to buy out Spanish YieldCo Saeta Yield (Madrid:SAY) at a 20 percent...

It’s Easy Being Green. Fossil Fuel Free Is Harder

Tom Konrad CFA Disclosure: Long BEP, MCQPF. PENGF, AQUNF Last week, I was surprised to discover that Brookfield Renewable Energy Partners (NYSE:BEP, TSX:BEP-UN) is not entirely renewable. I’ve owned shares of Brookfield for many years, but as a relatively safe income stock, I’ve parked it in the back of my portfolio to gather dust and dividends. I apply my limited time for in-depth analysis to riskier stocks where a quarter’s earnings are likely to make a much bigger difference in the stock price. I may have noticed the “Other” category in addition to BEP’s wind and hydroelectric generation...

Capstone Infrastructure: How Bad Is The Worst Case?

Tom Konrad CFA Disclosure: I have long positions in MCQPF and AQUNF. Capstone Infrastructure Corporation (TSX:CSE, OTC:MCQPF) has been trading at a significant discount to its peers because of a  power supply agreement which expires at the end of 2014.  Capstone is seeking a new agreement with the Ontario Power Authority for its Cardinal gas cogeneration facility, a process which has taken much longer than management expected. The cardinal Cardinal plant currently accounts for about a third of Capstone’s revenue and a quarter of earnings before interest, taxes, and depreciation (EBITDA), but two-thirds of distributible income.  The high fraction...

Three Clean Energy Stocks That Won’t Keep You Up At Night

Tom Konrad CFA If you want to green your portfolio, but the wild swings of First Solar (NASD:FSLR), Tesla (NASD:TSLA), SolarCity (NASD:SCTY), and even clean energy ETFs like Powershares Wilderhill Clean Energy (NYSE:PBW) are a bit too much to let you sleep at night, you’re not alone. A reader recently suggested I write about more green stocks like Waste Management (NYSE:WM), which readers can own and not worry about too much.  I thought it was an excellent suggestion; I’ve recently been writing much more about much more exciting or terrifying stocks, because there is simply a lot more...

Western Wind & Brookfield: Time To Declare Victory and Go Home

Tom Konrad CFA Yesterday, I tendered my shares of Western Wind Energy (TSX-V:WND, OTC:WNDEF) to Brookfield Renewable Energy Partners' (TSX:BEP.UN, OTC: BRPFF) extended offer for Western Wind at C$2.60 a share.  This is despite the fact that I think (and was even quoted in a Western Wind press release) saying Western Wind is worth more than C$2.60. Two things have changed.  After conversations with other investors, Western Wind CEO Jeff Ciachurski, and a representative of Brookfield, as well as reading some evidence of extremely bad governance in Western Wind's Q3 2012 filing, I no...

Mockumentary: This is Western Wind

Tom Konrad CFA The Windstar Wind Farm. Photo credit: Western Wind Energy If the sale of Western Wind Energy Corp (TSXV:WND, OTC:WNDEF) were a movie it would be a satire like This Is Spinal Tap, the 1984 Rob Reiner classic Mockumentary profiling a “Heavy Metal band on the verge of spontaneous combustion.” I doubt any wind turbines are about to spontaneously burst into flame, but the news keeps getting weirder. First, there was the hedge fund (Savitr) which began pressuring management to put the company up for sale after...

Will Higher Heat Content in Trash Help Waste-to-Energy Stocks?

Tom Konrad CFA The US Energy Information Administration (EIA) recently published an article describing an increase in the energy content of municipal solid waste (MSW).  The reason for this increase is an increase in the percentage of waste from “non-biogenic” sources (i.e. plastics) as compared to biogenic sources (paper, cardboard, wood, food and yard waste, etc.)  Biogenic waste has an average heat content of 11 MMBtu/ton, as compared to 23 MMBtu/ton for non-biogenic waste. Source: U.S. Energy Information Administration, derived from U.S. Enivoronmental Protection Agency, Municipal Solid Waste data. ...

Brookfield Renewable Energy Likely To Vote Against Western Wind Management in Proxy Battle

Tom Konrad CFA When it emerged that Brookfield Renewable Energy Partners (“Brookfield”, TSX:BRP.UN, OTC: BRPFF) had acquired approximately one sixth of Western Wind Energy’s (TSXV:WND, OTC:WNDEF) stock last Thursday from Western Wind’s largest institutional shareholder, Goodman & Company, investors cheered. The transaction was seen as a signal that Brookfield intends to bid at least C$2.25 for Western Wind in its upcoming sale, and so the company’s stock has been trading for slightly more than C$2.25 since the announcement. Despite this, the Brookfield/Goodman transaction may not prove to be a good deal for Western Wind’s other shareholders.  Goodman had not...

Western Wind to Sell Company, Avoid Proxy Battle

Tom Konrad CFA Western Wind and the Toronto Hedge Funds Last October, Western Wind Energy (TSXV:WND, OTC:WNDEF) received an unsolicited takeover bid of $2.50 a share from Algonquin Power (TSX:AQN, OTC:AQUNF) to buy the company.  Before the bid, the stock had been trading in the $1.20-$1.25 range, but President and CEO Jeff Ciachurski felt that it did not fully value the company’s projects and assets, including approximately $1 per share of US tax assets which the Canadian company Algonquin would not be able to use. Large shareholders at the time were in favor of the sale, including at least one shareholder...

Western Wind Energy: A Matter of Trust, and Value

Tom Konrad CFA The Windstar Wind Farm. Photo credit: Western Wind Energy Yesterday, I wrote about Western Wind Energy’s (TSXV:WND, OTC:WNDEF) plans to increase the 1603 cash grant for their Windstar wind farm.  But that was not the only thing discussed in Monday’s conference call. Investor Frustration During the Q&A, many investors were concerned about Western Wind’s recent deal to acquire a 4 GW wind development pipeline from Champlin/GEI Wind Holdings.   The concern was that the company would be issuing 8 million shares for the assets, but the company...