Top green stocks to watch: Waste Management, Enphase Energy, ViVo Power International, SPI Energy, Siemens Gamesa Renewable Energy, Fuel Tech, SunValley Solar, Sunworks, United Natural Foods, FuelCell Energy, Ameresco, Covanta Holdings, Vestas Wind Systems, and UPS. Analyst recommends ESG funds to buy that include New Alternatives Fund Class A, Calvert Equity Fund Class A. More…
Transcript & Links, Episode 46, December 04, 2020
Hello, Ron Robins here. Welcome to podcast episode 46 published on December 4, titled “Top Green Stocks to Watch. 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.
1. Top Green Stocks to Watch. More…
So I’ll first mention the stock name followed by selective quotes from Mr. Baumer concerning that stock.
“1) Waste Management (NYSE: WM)
When you think of garbage and waste, it doesn’t exactly sound like green investing. But waste collection companies are also involved in recycling and in some cases turning waste into energy.
Waste Management owns landfill gas-to-energy facilities in the U.S. They also collect and distribute recycling materials to transfer stations and manage the marketing of recyclable materials for third parties.
2) Enphase Energy, Inc. (NASDAQ: ENPH)
Is a solar company. It develops, manufactures, and sells solar solutions for homes. It also develops and sells solar solutions to distributors and installers… The solar sector’s hot. With the recent election, there could be more government funding into green energy solutions.
3) VivoPower International PLC (NASDAQ: VVPR)
VivoPower International PLC and its subsidiaries operate solar and critical power services in the U.S., Australia, and the U.K.
The stock was a big runner recently. With a lot of interest in the electric vehicle (EV) sector, battery and solar stocks have been sympathy plays… the stock still has a relatively low float of just under 14 million shares, so it could still run with the right catalyst.
4) SPI Energy Co., Ltd. (NASDAQ: SPI)
Is involved in the engineering and construction side of the solar business. It also develops and owns solar projects and sells electricity to power companies.
The stock had a huge day on September 23 when the stock went from the $3s to a high of $46.67 — in one day!… it’s volatile and can have huge spikes with the right catalyst.
5) Siemens Gamesa Renewable Energy, S.A. (OTCPK: GCTAY)
Engineers, designs, builds, and sells wind turbines. It also constructs wind farms. It has two segments of the business — wind turbines and operations, and maintenance.
This company is one of General Electric Company’s (NYSE: GE) biggest rivals.
6) Fuel Tech, Inc. (NASDAQ: FTEK)
Is in the pollution control sub-sector. It has the technology to reduce nitrous oxide emissions from combustion sources like boilers, incinerators, and furnaces… It has a history of failed spikes, so if you’re going long, be careful.
7) Sunvalley Solar, Inc. (OTCPK: SSOL)
Sunvalley Solar is a California-based company that offers solar systems and maintenance to builders and homeowners… It could be a breakout play if the sector momentum continues and it breaks above resistance.
8) Sunworks, Inc. (NASDAQ: SUNW)
Is another California-based solar company that develops and installs solar systems. From small kilowatt systems all the way up to megawatt systems for large projects.
This stock is in a hot sector and a former runner, so it’s worth watching.
9) United Natural Foods, Inc. (NYSE: UNFI)
Is in the organics sub-sector. It offers organic foods and products in the U.S and Canada.
And it’s not just fruits and veggies. It also offers organic juice, eggs, milk, nutritional supplements, and personal care products.
10) FuelCell Energy, Inc., (NASDAQ: FCEL)
Manufactures, operates, and sells stationary power plants and heat sources. It has a number of different products to service clients in education, healthcare, and industrials.
Over the last few months, the company has taken advantage of the interest in its stock by doing a number of offerings. The company has raised $177.35 million in gross proceeds from the offerings between June and October 2020… It’s gonna take some big news for this stock to have a big move.” End quotes.
Now we have even more on alternative energy stocks with this article 3 Alternative Energy Stocks Braving Industry Headwinds. Again from a Zacks analyst. It appeared on Yahoo! Finance and is written by Aparajita Dutta. As above, I’ll first mention the company followed by quotes from the author.
“1) Ameresco (AMRC)
Is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for facilities throughout North America and the United Kingdom…
The company delivered an average earnings surprise of 68.56% in the last four quarters. The company currently holds a Zacks Rank #2 (Buy).
2) Covanta Holdings (CVA)
Offers waste and energy solution to its customers by processing the waste and generating energy out of it, which is named as Energy-from-Waste. Its modern Waste-to-Energy facilities safely convert approximately 21 million tons of waste from municipalities and businesses into clean, renewable electricity to power one million homes and recycle 500,000 tons of metal…
The company delivered an average earnings surprise of 75.05% in the last four quarters. The company currently holds a Zacks Rank #2.
3) Vestas Wind Systems (VWS.CO)
Designs, manufactures, installs and services wind turbines across the globe…
Its 2020 sales estimate indicates year-over-year improvement of 19.7%. The company currently holds a Zacks Rank #2.” End quotes
Energy is where investors send money ‘to die’ but there is one stock to like in this space, trader says
Now in this article titled Energy is where investors send money ‘to die’ but there is one stock to like in the space, trader says. It’s written by Keris Lahiff and appeared on CNBC. Energy in this context refers to fossil fuel stocks. However, Todd Gordon founder of TradingAnalysis.com is quoted in this article as liking Sunrun (RUN), a solar company. Quote “Its shares have risen 383% this year… Love it. I hold it, I think stick with what works for now,” End quote.
4 Sustainable Funds to Buy as ESG Continues to Gain Prominence
In this next article, we again thank Zacks for their insights. Appearing on Nasdaq.com it’s titled 4 Sustainable Funds to Buy as ESG Continues to Gain Prominence. I will say their names and follow each with selected quotes from the article.
“1) New Alternatives Fund Class A (NALFX)
Seeks long-term capital growth with income as its secondary objective. It primarily invests in common stocks of companies and even in other equity securities such as real estate investment trusts and American Depository Receipts etc. [It] has three and five-year returns of 17.9% and 17%, respectively.
New Alternatives Fund Class A has a Zacks Mutual Fund Rank #1 and an annual expense ratio of 1.08% compared to the category average of 1.28%.
2) Calvert Equity Fund Class A (CSIEX)
Aims for growth of capital through investment in stocks believed to offer opportunities for potential capital appreciation. The fund invests majority of assets in common stocks of companies that rank among the top 1,000 U.S.-listed companies. [It] has three and five-year returns of 18.2% and 15%, respectively.
Calvert Equity Fund Class A has a Zacks Mutual Fund Rank #1 and an annual expense ratio of 0.99% compared to the category average of 1.04%.
3) Fidelity Select Environment and Alternative Energy Portfolio (FSLEX)
fund aims for capital growth. The fund invests majority of assets in securities of companies mostly engaged in activities related to alternative and renewable energy, energy efficiency, pollution control, water infrastructure, waste and recycling technologies or other environmental support services. The non-diversified fund invests in U.S. and non-U.S. issuers alike. Fidelity Select Environment and Alternative Energy Portfolio has a three and five-year returns of 3.4% and 9.5%, respectively.
Fidelity Select Environment and Alternative Energy Portfolio has an annual expense ratio of 0.85%, which is below the category average of 1.04%.
4) Parnassus Mid Cap Growth Fund – Investor (PARNX)
Aims for capital appreciation. The fund invests majority of assets in mid-sized growth companies. Parnassus Mid Cap Growth Fund – Investor has a three and five-year returns of 9.7% and 10.2%, respectively.
Parnassus Mid Cap Growth Fund – Investor has an annual expense ratio of 0.84%, which is below the category average of 1.16%.” End quotes
3. Top Green Stocks to Watch. More…
Now many of you are also seeking income. So, before ending this podcast, I want to briefly cover this article: UPS Named A Top Socially Responsible Dividend Stock. It’s by BNK Invest. It appeared on Nasdaq.com.
Quote, “United Parcel Service Inc (UPS) has been named a Top Socially Responsible Dividend Stock by Dividend Channel, signifying a stock with above-average ‘DividendRank’ statistics including a strong 2.4% yield, as well as being recognized by prominent asset managers as being a socially responsible investment.” End quote.
Well, these are my top news stories with their stock and fund tips — for this podcast: “Top Green Stocks to Watch. More…“
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Talk to you again on December 18. Bye for now.
© 2020 Ron Robins, Investing for the Soul.