Podcast: Green Energy Stocks to Buy Now
Green Energy Stocks to Buy Now, according to some analysts. Plus, top-rated sustainable ETFs for 2024 say Morningstar UK analysts.
Transcript & Links, Episode 142, November 15, 2024
Hello, Ron Robins here. Welcome to this podcast episode 142 published November 15, 2024, titled “Green Energy Stocks to Buy Now.” It’s presented by Investing for the Soul. Investingforthesoul.com is your site for vital global ethical and sustainable investing mentoring, news, commentary, information, and resources.
Remember that you can find a full transcript and links to content – including stock symbols and bonus material – on this episode’s podcast page at investingforthesoul.com/podcasts.
Also, a reminder. I do not evaluate any of the stocks or funds mentioned in these podcasts, and I don’t receive any compensation from anyone covered in these podcasts. Furthermore, I will reveal any investments I have in the investments mentioned herein.
Additionally, quotes about individual companies are brief. Please go to this podcast’s webpage for links to the articles and more company and stock information.
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10 Best Alternative Energy Stocks To Buy According to Hedge Funds
Well, there are still some great reviews of renewable energy stocks appearing. Consider this one titled 10 Best Alternative Energy Stocks To Buy According to Hedge Funds. It’s by Mashaid Ahmed and seen on insidermonkey.com. Here are some quotes from the article.
“For this article, we scanned alternative energy ETFs plus online rankings to compile an initial list of 30 alternative energy stocks. From that list, we narrowed our choices to 10 stocks according to their hedge fund sentiment, which was taken from our database of 912 elite hedge funds as of Q2 of 2024. The list is sorted in ascending order of their hedge fund sentiment, as of the second quarter.
Why do we care about what hedge funds do? … Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds.
10. Bloom Energy Corporation (NYSE:BE)
Number of Hedge Fund Holders: 29
Bloom Energy Corporation’s technology generates electricity with no combustion and negligible criteria pollutant emissions, and it operates on multiple fuels, including natural gas, biogas, and hydrogen, providing a lower carbon footprint compared to the electric grid while maintaining grid stability. This technology allows the company to accomplish its goals of providing clean power solutions faster than the alternatives.
While hydrogen is currently more expensive than traditional fuels, Bloom Energy Corporation’s breakthrough in achieving 60% electrical efficiency could make hydrogen economically viable as a fuel source. This makes Bloom Energy Corporation’s fuel cells a cleaner alternative for electricity production.
9. Edison International (NYSE:EIX)
Hedge Fund Holders: 32
Edison International is a leading energy company that has served California for over a century through its main subsidiary, Southern California Edison (SCE). Edison International provides electricity to around 15 million people across Southern, Central, and Coastal California. The company is actively involved in California’s transition toward alternative energy, aligning with the state’s goal of achieving carbon-free power by 2045
8. Sunrun Inc. (NASDAQ:RUN)
Hedge Fund Holders: 35
Sunrun is one of the largest residential solar energy companies in the US, offering a solar-as-a-service solution that enables homeowners to adopt solar power with little to no upfront cost.
7. Clearway Energy, Inc. (NYSE:CWEN)
Hedge Fund Holders: 38
Clearway Energy owns a diversified portfolio of wind, solar, and traditional power generation projects across the United States. The company has partnered with Global Infrastructure Partners (GIP), an independent infrastructure investment fund, and TotalEnergies (EPA:TTE), a multinational energy and petroleum company, to leverage expertise in alternative energy within the U.S. market.
6. Enphase Energy, Inc. (NASDAQ:ENPH)
Hedge Fund Holders: 42
Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage solutions, and energy management devices. Enphase Energy’s microinverters convert direct current from solar panels into alternating current for use and are critical for optimizing solar energy systems, enhancing efficiency, and reliability, and are also easy to install. The company is a market leader in residential solar in the U.S. Europe and emerging markets in Asia.
5. PG&E Corporation (NYSE:PCG)
Hedge Fund Holders: 46
PG&E Corporation is a leading energy company in Northern and Central California’s utility market, serving over 16 million people through its subsidiary, Pacific Gas & Electric Company. The company has also made significant investments in battery storage systems, adding more than 2,100 megawatts of battery capacity.
4. First Solar, Inc. (NASDAQ:FSLR)
Hedge Fund Holders: 66
First Solar is among the largest solar companies in the United States, specializing in the supply of thin-film photovoltaic solar panels for large-scale solar power plants. The company also has production lines in Malaysia, India, and Vietnam…
First Solar’s impressive backlog of 73.3 GW, with orders extending through 2030, is a significant indicator of the company’s growth security.
3. Constellation Energy Corporation (NASDAQ:CEG)
Hedge Fund Holders: 71
Constellation Energy supplies natural gas and energy products and services to residential, commercial, and industrial clients across North America. Constellation Energy is a key player in nuclear power and operates one of the largest fleets of nuclear plants in the US. Around 90% of the company’s annual energy output is derived from carbon-free sources. Constellation Energy has set a goal to produce 95% carbon-free electricity by 2030.
2. NextEra Energy, Inc. (NYSE:NEE)
Hedge Fund Holders: 73
NextEra Energy is the world’s largest producer of wind and solar energy, as well as a leader in battery storage technology. The company’s operations are divided into two main businesses. The first is Florida Power & Light (FPL), an electric utility company. The second is NextEra Energy Resources (NEER), one of the world’s largest producers of alternative energy and a leader in battery storage.
NextEra Energy Resources focuses on the development, construction, and operation of long-term energy assets, primarily in the U.S. and Canada. NextEra Energy Resources manages an alternative energy portfolio of approximately 34 GW, including 24 GW from wind energy, 7 GW from solar energy, and 2 GW from nuclear energy. Additionally, NextEra Energy Resources has 1 GW of battery storage capacity spread across 16 U.S. states.
1. Vistra Corp. (NYSE:VST)
Hedge Fund Holders: 93
Vistra is a vertically integrated energy company based in Texas and operates a diversified energy portfolio. Vistra supplies electricity and natural gas to residential, commercial, and industrial customers. The company also operates battery energy storage facilities, and its nuclear assets play a crucial role in powering artificial intelligence systems…
Vistra has also integrated AI technologies into its operations to improve power plant efficiency, enhance thermal efficiency, and lower carbon emissions.”
End quotes.
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The Top-Rated Sustainable ETFs in 2024
This next article is from a UK perspective but is also of interest to non-UK investors. It’s titled The Top-Rated Sustainable ETFs in 2024. It’s by Sunniva Kolostyak and found on morningstar.co.uk. Here are some of the most relevant quotes and elements from the article.
“In total, 12 different ETFs have a Morningstar Sustainability Rating of High and a Morningstar Medalist Rating of Gold… Below, we highlight the 10 ETFs across sterling, euro, Swiss franc and dollar share classes.
- Xtrackers MSCI World Information Technology UCITS ETF XDWT
- SPDR® MSCI World Technology UCITS ETF SPFT
- iShares MSCI World Information Technology Sector ESG UCITS ETF WITS
- Fidelity US Quality Income ETF FUSC
- HSBC NASDAQ Global Semiconductor UCITS ETF HNSCFP
- iShares MSCI USA Value Factor ESG UCITS ETF IUVE
- iShares MSCI Europe Quality Dividend ESG UCITS ETF QDVX
- iShares MSCI EMU Paris-Aligned Climate UCITS ETF EMPA
- iShares Euro Total Market Growth Large UCITS ETF IDJG
- iShares V PLC – iShares MSCI World Health Care Sector ESG UCITS ETF WHCS”
End quotes.
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AWK Named A Top Socially Responsible Dividend Stock
This next article features a dividend-paying stock. It’s titled AWK Named A Top Socially Responsible Dividend Stock and is by Energy Stock Channel Staff and found on energystockchannel.com. Here are some quotes.
“American Water Works Co, Inc. (NYSE:AWK) has been named a Top Socially Responsible Dividend Stock by Dividend Channel, signifying a stock with above-average ‘DividendRank’ statistics including a strong 2.3% yield, as well as being recognized by prominent asset managers as being a socially responsible investment, through analysis of social and environmental criteria.
Environmental criteria include considerations like the environmental impact of the company’s products and services, as well as the company’s efficiency in terms of its use of energy and resources. Social criteria include elements such as human rights, child labor, corporate diversity, and the company’s impact on society — for instance, taken into consideration would be business activities tied to weapons, gambling, tobacco, and alcohol.”
End quotes.
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Best green energy stocks to buy right now
And here’s another article on, yes, renewable energy stocks! It’s titled Best green energy stocks to buy right now and is by the Elliott Wave Forecast Team and seen on fxstreet.com.
Here are some quotes on each of their picks.
“1. Brookfield Renewable Partners (BEP)
Brookfield Renewable Partners invests in renewable power and sustainable solutions assets directly, as well as with institutional partners, joint venture partners, and through other arrangements. Across its business, it leverages our extensive operating experience to maintain and enhance the value of assets, grow cash flows on an annual basis, and cultivate positive relations with local stakeholders.
2. NextEra Energy (NEE)
NextEra Energy, Inc. is a leading clean energy company headquartered in Juno Beach, Florida. NextEra Energy owns Florida Power & Light Company, which is America’s largest electric utility company that sells more power than any other utility, providing clean, affordable, reliable electricity to approximately 5.9 million customer accounts, or more than 12 million people across Florida. NextEra Energy also owns a competitive clean energy business, NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world’s largest generator of renewable energy from the wind and sun and a world leader in battery storage.
3. Canadian Solar (CSIQ)
Canadian Solar has 125 GW solar module shipments and 4.5 GWh battery storage shipments. It has a module capacity of 61 GW and expects to have a battery storage capacity of 20 GWh by 2024 December. It has a 26.3 GW project pipeline and a 56 GWh energy project pipeline of recurrent energy.
Canadian Solar has active buying customers in more than 160 countries and subsidiaries in 23 countries & regions on 6 continents. In addition to it, Canadian Solar has over 26 manufacturing facilities in Asia & Americas.
4. SolarEdge Technologies (SEDG)
SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, manufactures, and sells direct current optimized inverter systems for solar photovoltaic installations in the United States, Germany, the Netherlands, Italy, the rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.
5. General Motors Company (GM)
The company has said that it plans to invest $35 billion in electric vehicle (EV) and autonomous vehicle (AV) production through 2025. By mid-decade, GM plans to sell a million EVs a year in North America. GM has also increased its investment in AV company Cruise, buying SoftBank’s stake for $2.1 billion and pouring in another $1.4 billion. Cruise develops self-driving cars for ridesharing and delivery. The Origin is designed to operate without a human driver, as there is no steering wheel. Cruise was the first AV company to offer driverless rides in a major city: San Francisco. Adding to that, GM is also planning to be a carbon-neutral company by 2040.”
End quotes.
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Additional Articles
1. Title: The Top-Rated Sustainable Funds in 2024 on morningstar.co.uk. By Sunniva Kolostyak.
2. Title: Top 10: Wind Power Manufacturers on energydigital.com. By Maya Derrick.
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Ending Comment
These are my top news stories with their stock and fund tips for this podcast “Green Energy Stocks to Buy Now.”
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Now my next podcast will be November 29th.
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Bye for now.
© 2024 Ron Robins, Investing for the Soul
