Top Renewable Energy Stocks for 2021. Companies covered include Canadian Solar, Clearway Energy, TPI Composites, Enphase Energy, First Solar Inc., JinkoSolar, NextEra, Tesla, PlugPower, Albemarle, Brookfield Renewable Partners, and Bloom Energy. Some socially responsible ETS are covered too, including, iShares MSCI USA ESG Select ETF, US Vegan Climate ETF, and ALPS Clean Energy ETF. More
Transcript & Links, Episode 45, November 20, 2020
Hello, Ron Robins here. Welcome to podcast episode 45 published on November 20, 2020, titled “Top Renewable Energy Stocks for 2021. More…”— and presented by Investing for the Soul. investingforthesoul.com is your site for vital global ethical and sustainable investing news, commentary, information, and resources.
Remember that you can find a full transcript, links to content – including stock symbols, quotes, and bonus material – at this episode’s podcast page located at investingforthesoul.com/podcasts.
And Google any terms that are unfamiliar to you.
So, let’s begin. Our first article is titled 5 Socially Responsible Funds to Be Grateful For by Rebecca Barshop of Investment U.
Here are her picks followed by some quotes from her article.
“1) Global X Conscious Companies ETF (Nasdaq: KRMA)
Slightly outpacing the S&P 500 with a 10.8% gain in 2020. The exchange-traded fund (ETF) tracks the Concinnity Conscious Companies Index, an equal-weighted index of about 100 U.S. large caps that operate sustainably and responsibly.
2) iShares MSCI KLD 400 Social ETF (NYSE: DSI)
This is a broadly focused fund that covers large cap, midcap and small cap U.S. companies with high ESG scores… The fund is up 11.9% year to date.
3) iShares MSCI USA ESG Select ETF (NYSE: SUSA)
This fund is very similar to the iShares MSCI KLD 400 Social ETF but has fewer holdings. It’s also less weighted in tech and financials and more heavily weighted in industrials and healthcare… The fund has increased 15.6% since January.
4) US Vegan Climate ETF (NYSE: VEGN)
Up 17.4% in 2020. This fund tracks the Beyond Investing US Vegan Climate Index, which screens out companies involved in military and defense, excessive waste, fossil fuels, human rights violations, animal testing, animal suffering, and other non-ESG criteria.
5) ALPS Clean Energy ETF (CBOE: ACES)
Up a whopping 80.3% this year. This ETF is all clean energy all the time. It’s most heavily weighted in renewable energy and electric utilities but is limited to U.S. and Canadian companies.” End quotes.
1. Top Renewable Energy Stocks for 2021. More…
Now the following articles mostly focus on analyst recommendations for the top renewable energy stocks for 2021. Judging by the universal focus on this segment it seems that it will continue to be huge for the foreseeable future too!
So our second article is titled 3 More Renewable Energy Stocks to Buy in November. It’s written by a threesome who are regulars to this podcast, As usual, I’ll mention their names then their recommending stock and followed by direct quotes on the company they’re recommending.
Quote, “1) Travis Hoium likes Canadian Solar (NASDAQ: CSIQ)
Canadian Solar, [is] one of the world’s largest solar manufacturers… [and] a renewable energy stock I would buy today.
2) Howard Smith suggests Clearway Energy (NYSE: CWEN)
Clearway Energy owns and operates a portfolio of clean-energy generating installations, and sells its electricity to power utilities under long-term contracts… One of its largest customers, California utility PG&E, had filed for bankruptcy protection…
After the utility emerged from its restructuring and Clearway was able to access its funds, it raised its dividend with a 49% increase for 2020’s third quarter. It also reaffirmed its annual target of 5% to 8% annual dividend growth.
3) Jason Hall recommends TPI Composites (NASDAQ: TPIC)
Shares of this contract manufacturer for the wind turbine industry have rocketed 121% higher this year, as TPI Composites has enjoyed the tailwind of strong interest in renewable energy stocks.” End quotes.
2. Top Renewable Energy Stocks for 2021. More…
Our third article is on solar stocks. When you see the repetition of names in these podcasts it’s an indication of how universally appealing, these stocks are! So here’s the title for this post, 3 Top Solar Stocks for a Biden Presidency. It’s written by Imon Ghosh and appeared on stocknews.com.
1) Enphase Energy, Inc. (ENPH – Get Rating)
Enphase designs, manufactures, and sells software-driven solar photovoltaic energy solutions globally. The company manufactures semiconductor-based microinverter that efficiently convert energy at an individual solar module level, as well as energy monitoring and control services…
The stock has gained 360.9% year-to-date.
Enphase has a B for Overall POWR Rating. The stock is ranked #1 out of the 16 stocks in the Solar industry.
2) First Solar, Inc. (FSLR – Get Rating)
… is a manufacturer and provider of photovoltaic solar panels and utility-scale PV power plants operating globally…
First Solar’s strong fundamentals are reflected in its POWR Ratings. It has a ‘Buy’ rating… It is ranked #2 in the same industry.
3) Canadian Solar Inc. (CSIQ – Get Rating)
… is a designer and manufacturer of solar power products, wafers, solar ingots, operating through two segments – Module and System Solutions, and Energy. The company serves distributors, project developers, and EPC companies internationally…
The stock has gained 77.9% year-to-date.
It’s no surprise that Canadian Solar is rated ‘Buy’ in our POWR Ratings system… Among the 16 stocks in the same industry, it is ranked #4.” End quotes.
3. Top Renewable Energy Stocks for 2021. More…
Our next article in the Top Renewable Energy Stocks for 2021 theme is titled What Are the Best Renewable and Alternative Energy Stocks? It’s written by Rachel Curry and appeared on the marketrealist.com site.
Here are some of her remarks concerning related funds and stocks. Quote.
“The Invesco Solar ETF (TAN on the NYSE ARCA)
Includes a basket of solar companies… TAN’s YTD growth rate is more than 130 percent.
For individual stocks in the renewable energy sector, here are a few to consider:
- Canadian Solar (CSIQ on the Nasdaq Exchange) … it has grown 75 percent YTD and holds a market cap of $2.34 billion. The stock is also a solid way to geographically diversify your portfolio outside of the U.S. market.
- JinkoSolar Holding (JKS on the NYSE) … Its YTD bull run of 166 percent is nothing to ignore.
- NextEra Energy (NEE on the NYSE) is a wind energy company… with a YTD rise of 28.51 percent.
What are the best alternative energy stocks?
The Invesco WilderHill Clean Energy ETF (PBW)
Includes more than just solar… The companies include Plug Power, NIO, Livent, and TPI Composites. The Invesco WilderHill Clean Energy ETF has grown more than 113 percent YTD.
If you want to pick stocks, consider these:
- Tesla (TSLA on the Nasdaq Exchange) … a growth machine with a bump of more than 325 percent since Jan. 2.
- Plug Power (PLUG on the Nasdaq Exchange) is a hydrogen energy stock… The stock has jumped 623 percent.
- Albemarle (ALB on the NYSE) is a lithium company… the stock has risen 63 percent since the beginning of 2020.” End quotes,
4. Top Renewable Energy Stocks for 2021. More…
And our last article promoting renewable energy stocks is titled 3 Renewable Energy Stocks That Don’t Care About the Electoral College. It’s written by our old favorites from the Motley Fool! Three analysts each give their own recommendations and I’ll follow with a few of their remarks about the company they each favour.
“1) Travis Hoium likes JinkoSolar (NYSE: JKS)
… Is one of the biggest and most advanced solar manufacturers in the world. And with a manufacturing base in Asia and customers all over the world, JinkoSolar doesn’t care who is in the White House in 2021…
[Its] revenue has nearly doubled… and the company is solidly profitable.
2) Howard Smith recommends Brookfield Renewable Partners (NYSE: BEP)
Brookfield Renewable operates or is developing 38,000 megawatts of renewable energy assets globally…
Management says it… expects ‘to deliver on our target of 12-15% long-term returns to equity holders.’
3) Jason Hall suggests Bloom Energy (NYSE: BE)
Bloom Energy is in the middle of a major transformation that could prove pivotal in the future of renewable energy. For years, hydrogen’s proponents have crowed about its potential, while the economic realities of producing hydrogen have kept it from gaining any sort of mass adoption.
However, the combination of the falling cost of renewable electricity production from wind and solar, paired with Bloom’s solid oxide fuel cells to electrolyze hydrogen from water, are set to move hydrogen from the few niches it solves and into the mainstream.” End quotes.
Salute U.S. Military Veterans With This New ETF
After their war experiences, many veterans and their families want to ‘give back’ to the veterans. So, see this, Salute U.S. Military Veterans With This New ETF. VictoryShares has launched a new fund, namely, VictoryShares Top Veteran Employers ETF (VTRN).
The fund tracks the performance of the Veterans Select Index. It offers a way to ‘invest in companies that recruit, employ and develop veterans in the workplace and champion best practices for veteran employees.’ The fund also ‘supports military veterans’ financial future and security.’
[The] Pacer Military Times Best Employers ETF (VETS). The underlying Military Times Best for Vets Index comprises the U.S. listed stocks of companies that have been included in the Best for Vets List for the last three consecutive years.” End quotes.
Well, these are my top news stories and their stock and fund tips — for this podcast: “Top Renewable Energy Stocks for 2021. More… ”
To get all the links, stock symbols, or to read the transcript of this podcast — and more — go to investingforthesoul.com/podcasts and scroll down to this episode.
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Talk to you again on December 4. Bye for now.
© 2020 Ron Robins, Investing for the Soul.