Seven Indian Clean Energy Stocks

by Sneha Shah Raja Ravi Varma's portrait of the Hindu goddess of wealth, Lakshmi, ലക്ഷ്മി ദേവി. via Wikimedia Commons Why Invest in Indian Green Energy India is set to become the 3rd largest market for wind energy after USA and China and is set to enter the top 10 club of countries in installing solar energy capacity in 2012. Massive power deficits, millions of people without power, billions of dollars in oil, gas and coal imports imply that India offers massive opportunities for renewable energy generation. In fact Indian solar ...
July performance chart

10 Clean Energy Stocks Updates: Green Plains Partners Refi; Covanta Buyout

By Tom Konrad, Ph.D., CFA Second quarter earnings season is in full swing.  Below are a couple updates and the monthly performance chart that I recently shared with my Patreon supporters. Green Plains Partners Earnings and Future Dividend (published August 2nd) Ethanol Master Limited Partnership Green Plains Partners (GPP) declared second quarter earnings today.  The main news remains the long anticipated debt refinancing and new dividend guidance going forward. At the end of the first quarter, I predicted that, after debt refinancing, GPP would increase its quarterly dividend to something in the $0.25 to $0.30 range.   The new guidance is for the partnership to target...

Geothermal, Battery, and Solar LED articles in TQ

There were three excellent alternative energy articles in last week's Technology Quarterly from the Economist. Readers know I'm an avid battery investor, and the Economist's in depth History of the Battery is well worth reading for anyone who wants to gain insight into the promises and challenges awaiting developers and investors. My favorite battery investment, Electro Energy, last profiled here has seen considerable selling, having lost half its price since its peak in early January.  I still like the and own the stock. There is also a short article about the prospects for Enhanced Geothermal, one of my favorite...

Energy Efficiency and Solar Lead Alternative Energy Stocks Skyward

By Harris Roen Industry Day Week Qtr Year Energy Efficiency -0.3% 2.3% 18.7% 49.9% Environmental -0.2% 1.1% 9.8% 11.8% Fuel Alternatives -0.3% 1.3% 19.6% 29.2% Smart Grid -0.1% 2.4% 9.5% 31.9% Solar 0.5% 6.8% 40.3% 52.8% Wind 0.0% 2.1% 9.7% 21.6% Average -0.1% 2.7% 17.9% 32.9% Data as of: 7/17/2013 Alternative energy stocks are up over 30% on average for the year, reflecting impressive gains off of widely oversold lows in 2012. Almost three-quarters of...

Green Energy Investing For Beginners: Index

Tom Konrad, CFA I write about investing in Renewable Energy, Energy Efficiency, and other green technologies because I'm worried.  I'm worried that the inevitable transition away from fossil fuels driven by peaking supply and climate change could be much more painful than it needs to be because, as a society, we have massively underinvested in the infrastructure that we will need for the transition. I don't care if my readers are motivated by an altruistic wish to make the world a better place, or they just want to cash in on what promises to be the hottest stock market...

The MacArthur Foundation Invests In Climate Solutions- And In Fossil Fuels

By Marc Gunther.  Eighteen months ago, the people who manage the endowment at the John D. and Catherine T. MacArthur Foundation got some bad news: Investments they had made in funds managed by EnerVest, a Houston-based private equity firm that operates more than 33,000 oil and gas wells across the US, had plummeted in value to almost nothing. The losses were small, relatively speaking — roughly $15 million, a fraction of the foundation’s $7 billion endowment — but they were unwelcome, if only because they called attention to the fact that MacArthur, whose mission is, famously, to build a “more just, verdant and peaceful world,” had...

Pop Goes the Clean Energy Stock Bubble

by Tom Konrad, Ph.D., CFA 2020 ended with a massive spike in clean energy stock prices.  From the end of October, election euphoria drove Invesco WilderHill Clean Energy ETF (PBW) from $63.32 to $136 at the close on February 9th, a 114% gain in 100 days.   Joe Biden is as strong a supporter of clean energy as Donald Trump was a supporter of big fossil fuel companies, but even with control of the presidency and both chambers of congress, there is a limit to what a president can do in a short time.  This is especially true when their top priority...

The Energy Balance of Snake Oil

It's no secret that money is flooding into the alternative energy sector, but not all of this money comes from sophisticated, investors. Unsophisticated investment is a lighting rod for the scam artists. Because there is both an urgent need to deal with the the problems posed by global warming, energy security, and resource depletion, and the new money is rapidly accelerating the advance of technology in renewable energy, new innovations are very plausible. There are many ways to lose money in alternative energy, even without being taken by a scam. The current emotional...

Solar Energy Industry Association (SEIA) Tax Equity Conference Brief

I recently attended the Solar Energy Industry Association's (SEIA) Finance and Tax Seminar in New York. The subject matter in this event delved into issues related to tax equity finance.  Each panel session was moderated by a tax attorney or an accountant, and most of the content of the sessions consisted of technical tax law. To place the discipline into context, one speaker noted that the tax equity renewables investing deal volume in 2018 was $2-3B for solar and $9B for wind, and the number of tax equity participants is roughly only 25-35 large corporations.  So unless there are changes...
smart roadway infographic

Roadway Revolution: Meet the Smart Highways of the Future

by Giles Kirkland Even though many states seem to enter the “construction season” every spring, there’s still a significant backlog of vital repairs and improvements needed for state roads, interstates and bridges – around $420 billion worth as of 2017. Not only are our roads falling apart, there are greater numbers of people in more vehicles on them. But what if, instead of simply following same repaving or rebuilding formula that never seems to catch up, municipalities get “smarter” with their fixes? Smart cars use the newest technologies to save energy, improve safety, and assist in navigation. Missing from many of the...
Permaculture flower - finance

Presentation: A Permaculture Portfolio

Unfortunately, my attempt to record my presentation last Monday failed... still learning to use Screencastify.  There was a lot that was not in the text of the presentation itself- I use slides more as a reminder of what I want to talk about than a script. On the other hand, it would have been a 2 hour recording, so flipping through the slides will be at least save you time.  The link to the PDF version is below: A Permaculture Portfolio

Solar & Storage Finance Conference Notes

I attended the Solar & Storage Finance conference hosted in NYC in late October 2018.  Presenters included a mix of capital providers & asset managers, private non-profit entities & public agencies, legal, accounting & consulting firms, intermediaries, firms providing risk analysis, ratings & mitigation, & various vendors of energy storage and IT-related services.  The tone of the discussions was noteworthy for its near total absence of ideological comments about environmental urgency.   Rather, it was a meeting of finance technicians and technocrats focused on the nuts & bolts of accomplishing those ends, with the merits and relevance of mission assumed. The...

What Obama Did To Coal Investors, What The Next President Might, And How Investors...

by Tom Konrad Ph.D., CFA Investing in the past is a good way to lose money.  Just ask anyone who has been investing in coal stocks since Obama we re-elected. A glance at the chart above shows that the VanEck Vectors Coal ETF (KOL) is down about 50% over the last four years, even while the broad market (as represented by the SPDR S&P 500 ETF (SPY)) has gained almost 50%.  But even if we knew this was going to happen, should investors have rushed into the energy sectors most loved by liberals: That is, Wind, Solar,...
decarbonization

Green New Deal Roadmap – Accelerating Renewable Energy Infrastructure Development

Investment in renewable energy is rising, but clearly needs to grow faster to meet the goals for an expedited transition away from carbon infrastructure if we are to avoid dangerous climate change, given that now even the Trump administration forecasts a 7°C increase by 2100, which would be catastrophic. The Paris Agreement determined that in order to keep warming below 2°C, the global economy would need to be restricted to a 600 gigaton carbon “budget”, and completely decarbonize by 2040. Emissions must be cut by 70% in the Paris-congruent Remap case, and 90% of those cuts in energy-related CO2 emissions can...

Are the Declines in Solar and Wind Stocks Structural, or Cyclical?

Tom Konrad, CFA Last week, I asked three green money managers if they thought cleantech stocks, especially solar and wind sectors were near a bottom.  While they did tell me about eight cleantech value stocks, they were not ready to call the bottom. Commoditization in Clean Energy In response to my questions, Rafael Coven, the manager of the Cleantech Index (^CTIUS), which is the index behind the Powershares Cleantech Portfolio ETF (PZD,) ...
Energy A Human History by Richard Rhodes

Richard Rhodes, “Energy: A Human History”

Richard Rhodes has written an amazing book. He aspired to tell the tales of energy transitions over the past 400 years. His Energy: A Human History accomplishes that task. The book is daunting in size for non-required reading. It is filled with brief stories of this or that device or discovery or development, and almost overwhelming in both scope and detail. I wondered, at times, when the payoff would come. My advice: If you are at all interested in the topic, stick with it. To my economics-trained mind the book lacks analytical structure. One story after another, linked together by fuel source or technology, layer...
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