Tom Konrad CFA
Over the last few weeks, I’ve brought you articles about the top Cleantech stock picks for 2014 from my panel of Cleantech money manager. This article puts them all in one place. Disclosure: I am long MIXT, ACCEL, SBS, and HASI.
Originally, there were twelve picks. Then, a mis-communication with Rafael Coven, Managing Director at the Cleantech Group, and manager of the index which underlies the Powershares Cleantech ETF (NYSE:PZD) had me listing two more stocks he likes. Through a happy coincidence, that brings the total picks to 14 stocks for 2014.
Here they are, with links to the articles where I wrote about them:
|#||Company name (with link to article)||Ticker||Manager||Business|
|1||First Solar||NASD:FSLR||Garvin Jabush
Green Alpha Advisors
|3||Digi International||NASD: DGII||Internet of Things|
|4||MiX Telematics||NYSE:MIXT||Rafael Coven
The Cleantech Group
|5||Opus Group||Stockholm:OPUS||Pollution control|
|7||Trimble Navigation||NASD:TRMB||Coven(the other picks)|
|9||Accell Group||Amsterdam:ACCEL||Jan Schalkwijk
JPS Global Investments
|10||Companhia de Saneamento Basico do Estado de Sao Paolo||NYSE:SBS||Water utility|
|11||Alter NRG Corp||TSX:NRG|
|12||Renewable Energy Trade Board||OTC:EBODF||Shawn Kravetz
Esplanade Capital LLC
|Holding Co. (solar)|
|13||Meyer Burger||Swiss:MBTN||Solar equipment|
|14||Hannon Armstrong Sustainable Infr.||NYSE:HASI||Finance|
It’s worth mentioning that several of these stocks have advanced significantly since my panel recommended them on December 12th.
Most notably, Renewable Energy Trade Board (OTC:EBODF) has shot up 210%, most likely as a result of my article. The stock is extremely illiquid, and any added demand can move it a long way. I suspect that, despite Kravetz’ warning that it is “It is tiny and thinly traded,” readers have not been buying with caution. Yes, the company is still well below his low valuation estimate of $12, but it does not take much to send a stock this thinly traded up or down an incredible amount. If you’re interested in this company, I stro
ngly suggest you wait a month or two until interest caused by these articles has died down, and then buy cautiously, using limit orders.
Below is a chart showing how all the picks and publicly traded funds managed by these experts have performed since December 12th. I’ve also included The Powershares Wilderhill Clean Energy ETF (NYSE:PBW), which tracks the Wilderhill Clean Energy Index managed by Dr. Robert Wilder. Dr. Wilder is on my panel but did not give me any picks because, as an indexer, he thinks it’s inappropriate for him to try and pick winners.
While EBODF was probably boosted by my article, Coven’s picks Opus Group and MiX Telematics may have gotten a boost when he added them to The Cleantech Index, which he manages, on December 26th. This means that PZD, the ETF which tracks the index, needs to buy them.
Part of the reason I asked my panel to pick their stocks in December is to use their ideas myself. This year, I included Mix Telematics from Coven, and included it in my seventh annual list of Ten Clean Energy Stocks for 2014. Also included are Kravetz’s Hannon Armstrong and Schalkwijk’s Accell Group. Accell is a holding of the hedge fund I co-manage with Schalkwijk.
As for Hannon Armstrong, I’ve been writing about it since its IPO in May, but the timing seems to be favoring Krazetz, since it’s gained $1.50 in the two weeks between when he and I picked it. But I shouldn’t complain: Kravetz had the top pick of anyone on my panel last year, and this year he picked my largest single holding.
I’m looking forward to 2014.
DISCLAIMER: Past performance is not a guarantee or a reliable indicator of future results. This article contains the current opinions of the author and such opinions are subject to change without notice. This article has been distributed for informational purposes only. Forecasts, estimates, and certain information contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed.