Shares of Hydrogenics Purchased
Hydrogenics Corp (HYGS) is a developer of fuel cell technology and hydrogen generation. They are also working with wind farm technology in the generation of hydrogen. Back in January of this year they successfully completed the purchase of Stuart Energy which compliments their product portfolio. Shares of the stock have been under pressure for the last couple of months due to missed expectations on Q1 revenue results. There is also some major concern about an increase in product backlog. In August, HYGS issued their most recent quarterly earnings and are attempting to reassure the...
Trading Alert: Purchased Beacon Power Corp (NASDAQ:BCON)
I purchased some more Beacon Power Corp. (NASDAQ:BCON) on Friday after watching the stock slowly dwindle over the past 2 weeks back toward its 3-month low. I purchased it at $1.07 Beacon Power makes flywheel-based, environmentally-friendly energy storage devices that can help smooth out supply-demand swings in electricity grids, notably by storing base-load power and releasing it during peak-load periods. More on Beacon Power’s flywheel technology. Beacon is not a company that looks particularly attractive fundamentally at the moment. For Q3 2006, the company reported a net loss of $3,165,000, or -$0.06 per share, on...
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...
Six Weeks, Twelve Clean Energy Stocks
Tom Konrad CFA It's been a busy six weeks since I last updated readers on the news events driving my Ten Clean Energy Stocks for 2013 and six alternative picks. I looked into the performance of the portfolio as a whole at the start of the month, along with some comments about the four renewable energy developers. I thought at the time we might be seeing a bottom for these beleaguered stocks, but if I was right, we have yet to see the upturn. Nevertheless, the...
10 Clean Energy Stocks for 2020: May Update Part 1
by Tom Konrad, Ph.D., CFA
For the last few monthly updates, I've been focusing on the big picture, and have neglected to say anything about many of the 10 Clean Energy Stocks for 2020 since I looked at how the pandemic would likely affect each stock in March.
This month, I'm trying to rectify the oversight, and have been posting updates on individual stocks for my Patreon supporters since Friday. Below is a collection of the updates I've published so far. I am to keep posting one a day until I've gotten to all of them, after which I plan to...
Q2 Performance Update: Ten Green Energy Gambles for 2009
Tom Konrad, Ph.D., CFA I never thought 2009 would be a good year for risky stocks, but my readers asked for them anyway. So far, my risk taking readers have not been burnt too badly, and the portfolio as a whole continues to track its benchmarks. In my first quarter update for my green energy gambles for 2009, I noted that the portfolio had lost about 10%, between the benchmark returns (-12% and -5%), but not very impressive. Since then, the portfolio as a whole has gained a little ground, and is almost exactly midway between the benchmarks. The...
Shares in Capstone Purchased
This morning I purchased shares of Capstone Turbine Corp (CPTC) in both my personal portfolio and the mutual fund. I have been waiting for the stock to show some strength after its recent declines. The stock appears to have some nice support at the $2.25 level as a bottom. They will be announcing quarterly earnings on November 10th. Capstone Turbine developments and manufactures microturbine generators. The company’s microturbines can also be used as generators for hybrid electric vehicle applications. It also offers Model C60 integrated combined heat and power systems (CHP). A one third stake have been purchased...
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...
Ten Clean Energy Stocks For 2017: January Jump
Tom Konrad Ph.D., CFA The year got off to a spectacular start for my tenth annual Ten Clean Energy Stocks model portfolio. (You can read about the performance in 2016 and prior years here.) The portfolio and its income and growth subportfolios were up 9%, 8%, and 14%, respectively. Clean energy stocks in general also did well, with my three respective benchmarks up 2 to 3% each. (I use the YieldCo ETF YLCO as a benchmark for the income stocks, the Clean Energy ETF PBW as a benchmark for the...
10 Clean Energy Stocks for 2011: It’s 2008 All Over Again
Tom Konrad CFA Few investors have good memories of 2008, but when it comes to the performance of my annual model portfolio of ten clean energy stocks, I'm finding the resemblance to 2008 remarkably striking. The good part of that memory is that my picks are once again out-performing my clean energy benchmark, the PowerShares Clean Energy ETF (PBW). The bad news is that "out-performance" means down 44% for the portfolio, compared to down 48% for PBW: a Pyrrhic victory. Over the same period, the broad market Russell 2000 index was down 22%. For 2008,...
Ten Green Energy Gambles for 2010
Tom Konrad, CFA If you like to take risks, want to fight climate change and prepare for the impact of peak oil, and would also like a chance to make a big return on your investments, here are ten investments you can make that might do all of those things. Note (4/28/2010): A performance update for these picks is available here A small part of my portfolio is usually in small, risky green companies with the promise of big returns. This year, however, I'm too bearish to own many small, risky companies, but I'm still making some long-shot bets...
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...
Ten Clean Energy Stocks For 2019
by Tom Konrad Ph.D., CFA
Looking forward to 2019, I'm more optimistic than I have been since the start of 2016, in the wake of the popping of the YieldCo Bubble in late 2015.
The bear market that started in late 2018 seems like it's far from over, but I expect in early 2019 will see it enter a less chaotic phase. After the wild declines and swings of late 2018, I expect investors will begin the new year with an eye to safety more than growth. This means that the clean energy income stocks which are my focus should outperform...
Valeo February Update (Ten Clean Energy Stocks)
I'm trying something different and doing quick updates on individual stocks in my 10 Clean Energy Stocks model portfolio as I have time to write. The portfolio as a whole has been accelerating with the instant torque of an electric vehicle this year (details here.) I thought I'd start with the company that's newest to my readers,
Valeo SA (FR.PA, VLEEF)
12/31/18 Price: €25.21/$28.20. Annual Dividend: €1.25. Expected 2019 dividend: €1.25. 03/4/19 price: €29.13/$33.00. YTD gain: 15.5% Euro/ 12.8% USD.
I added this stock to the portfolio because it has great technology and and improving market share, but weak industry growth and overoptimistic management projections in 2018...
Ten Clean Energy Stocks For 2017: Fall Forward
Tom Konrad Ph.D., CFA
Yieldco Buyouts
A Canadian Yieldco Invasion sent clean energy stocks running up in October and November. My Ten Clean Energy Stocks model portfolio benefited from the purchase of 25% of Yieldco Atlantica Yield (NASD:ABY) by Canadian utility and renewable power generation conglomerate Algonquin Power and Utilities (TSX:AQN or OTC AQUNF), which was one of my Ten Clean Energy Stocks for 2009.
Rumors had circulated that the Atlantica stake would be purchased by Brookfield (NYSE:BAM) and its Yieldco Brookfield Renewable (NYSE:BEP). If there were discussions, Brookfield must have decided that it had enough on its plate with the recently...
10 Clean Energy Stocks For 2016
Tom Konrad CFA The History and Future of the "10 Clean Energy Stocks" Model Portfolios 2016 will be the eighth and possibly final year I publish a list of ten clean energy stocks I expect to do well in the coming year. This series has evolved from a simple, off-the-cuff list in 2008, to a full blown model portfolio, with predetermined benchmarks and monthly updates on performance and significant news for the 10 stocks. While there is much overlap between the model portfolio and my own holdings (both personal and in managed accounts), the model...
