Analysts’ Stock-ETF Picks! Inflation Reduction Act benefits solar and wind companies, particularly. Articles covered include: “11 Best Solar Stocks to Buy Now”; “6 Best Wind Energy Stocks To Buy”; “9 Best Green Stocks and ETFs to Buy”; “10 Best ESG Stocks for 2022”; “Three Socially Responsible Dividend Stocks to Buy Benefit from Fertilizer”; and more
Transcript & Links, Episode 89, September 9, 2022
Hello, Ron Robins here. It’s great to be back with you. Hope you had a wonderful August despite the woes of this world.
So, welcome to my podcast episode 89 published on September 9, 2022, titled “Inflation Reduction Act: Analysts’ Stock-ETF Picks!” — and 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, quotes, and bonus material – at this episode’s podcast page located at investingforthesoul.com/podcasts.
Now if any terms are unfamiliar to you, simply Google them.
Also, just a reminder. I do not evaluate any of the stocks or funds mentioned in these podcasts, nor do I receive any compensation from anyone covered in these podcasts. Furthermore, I will reveal to you any personal investments I have in the investments mentioned herein.
Now though I’m covering 5 articles here, there are another 19 during August and early September that I found with great analyst recommendations. To see their titles and links go to this podcast’s webpage located at investingforthesoul.com/podcasts and scroll down to this edition.
1) Inflation Reduction Act: Analysts’ Stock-ETF Picks!
Now to this podcast. With the US Inflation Reduction Act approved and with its big support for renewable energy, there’s a reason for analysts to be optimistic for renewable energy companies. Hence, there’s been a preponderance of articles on this theme.
This first article is typical and among the best, I’ve seen. It’s titled 11 Best Solar Stocks to Buy Now by Ramish Cheema on Yahoo! Finance. Here are some relevant quotes.
“In order to pick out the top solar stocks for you, we… selected the relevant ones by studying their balance sheets and market performance. The companies were then ranked according to Insider Monkey’s survey of 895 hedge funds for the second quarter of this year.
11. Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN)
Number of Hedge Fund Holders: 10
Maxeon… is a Singaporean company that designs, manufactures, and sells solar panels and associated components. It serves both residential and commercial customers and offers its products both directly and through dealers…
Morgan Stanley increased Maxeon’s share price target to $21 from $14 in August 2022.
10. Canadian Solar Inc. (NASDAQ:CSIQ)
Number of Hedge Fund Holders: 13
Canadian Solar is a solar energy company that sells… solar wafers, solar ingots, solar cells, and battery storage solutions in Asia, America, Europe, and other countries. In addition… the company also provides electricity and maintenance services for solar generation equipment. It is headquartered in Guelph, Canada…
Management expects sales to grow by another lofty 35% this year.
JPMorgan raised Canadian Solar Inc.’s share price target to $42 from $38 in August 2022.
9. JinkoSolar Holding Co., Ltd. (NYSE:JKS)
(Ron’s comment: As a sought of addendum to this company, it’s still concerning to many people that this company maybe using forced labor, particularly in light of the new UN report on forced labor in China. Now back to the podcast.)
Number of Hedge Fund Holders: 16
JinkoSolar…is a Chinese company that designs, produces, and sells photovoltaic and other products such as silicon wafers, silicon ingots, solar modules, and solar cells. The company… sells its products all over the globe including the U.S, Mexico, Japan, and U.A.E.
8. Brookfield Renewable Partners L.P. (NYSE:BEP)
Number of Hedge Fund Holders: 19
Brookfield Renewable Partners is an electricity generation company that uses renewable energy sources such as wind, hydroelectric, biomass, and solar. The firm… is headquartered in Hamilton, Bermuda.
(It’s) one of the largest renewable power generation companies in the world.
7. SunPower Corporation (NASDAQ:SPWR)
Number of Hedge Fund Holders: 21
SunPower… is an American company that provides solar energy products and services to home builders, government entities, residential customers, financial institutions, independent power producers, and electric utilities. (Also) provides solar, storage, and home energy solutions.
SunPower’s latest quarter saw it report a whopping 60% rise in quarterly sales…
Morgan Stanley raised SunPower’s share price target to $31 from $22 in August 2022.
6. Shoals Technologies Group, Inc. (NASDAQ:SHLS)
Number of Hedge Fund Holders: 23
Shoals Technologies… is an electrical systems provider for solar energy products that is headquartered in Portland, Tennessee, United States. The company provides several components such as cable assemblies, fuses, connectors, and wireless monitoring systems.
Roth Capital increased Shoals Technologies Group, Inc.’s share price target to $40 from $20 in August 2022.
5. First Solar, Inc. (NASDAQ:FSLR)
Number of Hedge Fund Holders: 26
First Solar… is an American photovoltaic solar product provider that is headquartered in Tempe, Arizona…
(It’s) one of the largest beneficiaries of the Inflation Reduction Act… (and) already has a manufacturing footprint in the U.S. and plans to increase it because of the new legislation…
Piper Sandler increased First Solar’s… share price target to $165 from $120 in August 2022.
4. Array Technologies, Inc. (NASDAQ:ARRY)
Number of Hedge Fund Holders: 26
Array Technologies… is an American company that provides a solar tracking system based on machine learning software that identifies optimal positions for a solar array to generate electricity. The company is headquartered in Albuquerque, New Mexico…
Its trackers improve electricity output by 25%… Following an acquisition earlier this year, Array Technologies… is also the largest solar tracking company in the world.
Truist raised Array Technologies’ share price target to $23 from $13 in August 2022.
3. Sunrun Inc. (NASDAQ:RUN)
Number of Hedge Fund Holders: 36
Sunrun… is an American residential solar energy systems provider. It provides products such as panels, racks, solar leads, and battery storage. The firm is headquartered in San Francisco, California.
Morgan Stanley increased Sunrun’s share price target to $79 from $70 in August 2022.
2. SolarEdge Technologies, Inc. (NASDAQ:SEDG)
Number of Hedge Fund Holders: 40
SolarEdge Technologies… designs and sells DC inverter systems for solar power installations. The company has its customers located all over the globe and some of its products include inverters, power optimization systems, communications systems, and a cloud based monitoring platform. It is headquartered in Herzliya, Israel.
JPMorgan raised SolarEdge Technologies, Inc.’s share price target to $419 from $373 in August 2022.
1. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 72
While the firm is primarily known for its cars, it also sells solar energy generation and storage products to commercial, residential, and industrial users…
Canaccord raised Tesla, Inc.’s share price target to $881 from $815 in August 2022.” End quotes.
2) Inflation Reduction Act: Analysts’ Stock-ETF Picks!
From solar companies, we now turn to the wind companies favored by analysts with this article 6 Best Wind Energy Stocks To Buy. It’s by Ronald Kaufman on bestocks.com. Here’s some of what Mr. Kaufman has to say.
“1. Vestas Wind Systems (VWS.CO)
Denmark-based. When it comes to wind power, Vestas is unrivaled worldwide…
Vestas is one of the few major pure bets on wind energy since it focuses only on wind turbines.
2. Boralex, Inc. (BLX.TO)
Boralex is a renewable energy power plant developer, builder, and operator in Ontario, Canada. The business provides wind, hydro, thermal, and solar services. Boralex announced on June 2 that the NY Energy Research and Development Authority had chosen five of its solar farms to receive renewable energy credits.
3. General Electric (NYSE.GE)
The company intends to concentrate on aviation after spinning off its healthcare division in 2023 and its renewable energy, electricity, and digital division in 2024…
Although General Electric is not a pure bet on wind energy, it does provide investors with exposure to the industry in the short term; when the company is eventually broken up, investors will have a more specialized choice.
4. Northland Power, Inc. (NPI.TO)
Northland Power, headquartered in Ontario, Canada, is a worldwide power company dedicated to generating energy from renewable sources. The firm manages various renewable energy projects, including onshore and offshore wind farms, efficient natural gas facilities, and solar power plants.
5. Siemens Gamesa Renewable Energy (SGRE.MC)
Siemens Gamesa, headquartered in Spain, is a world-renowned innovator in wind power… In addition, the firm’s principal shareholder, Siemens Energy (OTC: SMEG.F), is involved in efforts to create wind-powered green hydrogen technology for the company.
Siemens Gamesa has been having problems in recent years owing to a patent battle with GE… Beginning in 2022, the International Trade Commission denied all GE complaints.
6. NextEra Energy, Inc. (NYSE.NEE)
NextEra Energy is a conglomerate whose divisions sell and serve electric electricity and energy infrastructure. In addition, this firm offers electric utility services and maintains a diversified renewable energy industry.” End quotes.
3) Analysts’ Stock-ETF Picks! 9 Best Green Stocks and ETFs to Buy.
And, yes, some more green stocks with this article titled 9 Best Green Stocks and ETFs to Buy. It’s by Matt Whittaker on money.usnews.com. You can read Mr. Whittaker’s more detailed description of each of his 9 picks by clicking the link to his original article on this podcast’s webpage.
So his 9 picks are
- First Solar Inc. (FSLR)
- Tesla Inc. (TSLA)
- Fisker Inc. (FSR)
- Stem Inc. (STEM)
- NextEra Energy Inc. (NEE)
- Plug Power Inc. (PLUG)
- iShares Global Clean Energy ETF (ICLN)
- VanEck Low Carbon Energy ETF (SMOG)
- First Trust Global Wind Energy ETF (FAN)
4) Analysts’ Stock-ETF Picks! 10 Best ESG Stocks for 2022.
Now, how about some top ESG picks with this article titled 10 Best ESG Stocks for 2022. It’s by Andrew Lisa on gobankingrates.com. Here are some quotes from Mr. Lisa on his picks.
“1. Linde (LIN)
The UK-based gas production and distribution firm Linde operates all over the world. Its sustainability initiatives include programs to reduce waste and to conserve energy and water.
2. Accenture (ACN)
Based in Ireland, Accenture uses its position as a management consulting, technology and outsourcing giant… to help its client companies transition to net-zero carbon emissions, and sustainable value chains, technology and decision-making.
3. Microsoft (MSFT)
… has committed to being carbon negative by 2030 — the software giant has been carbon neutral since 2012.
4. Salesforce (CRM)
Cloud-based enterprise software firm Salesforce… achieved net zero carbon emissions in 2015.
5. Nvidia (NVDA)
The company has pledged to source 100% of its global electricity use from renewable sources by 2025, and its GPUs are 20 times more energy efficient than traditional CPU servers.
6. Adobe (ADBE)
Has committed to powering its operations through 100% renewable energy sources.
7. J.B. Hunt (JBHT)
Transportation and logistics firm J.B. Hunt leads the industry in converting over-the-road shipments to intermodal transport, which is 250% more fuel efficient.
8. Best Buy (BBY)
… has reduced its carbon emissions by 60% since 2009 and has pledged to be carbon neutral by 2040. The company operates the largest e-waste recycling program in the world.
9. Xylem (XYL)
Water technology and solutions provider Xylem is committed to achieving net-zero emissions by 2050. It fosters global equity by advancing access to clean water in developing nations.
10. Texas Instruments (TXN)
Semiconductor and integrated circuit producer Texas Instruments received a 100% rating from the Human Rights Campaign Corporate Equality Index for six straight years.” End quotes.
5) Analysts’ Stock-ETF Picks! Three Socially Responsible Dividend Stocks to Buy Benefit from Fertilizer
Let’s now turn our attention to an article featuring some unique socially responsible dividend-paying stocks. It’s titled Three Socially Responsible Dividend Stocks to Buy Benefit from Fertilizer by Paul Dykewicz on dividendinvestor.com. Here are some quotes from Mr. Dykewicz’s article…
“Mosaic Company (NYSE: MOS)
… a dividend-paying, Fortune 500 company headquartered in Tampa, Florida, mines phosphate, potash and urea. The largest U.S. producer of potash and phosphate fertilizer.
AGCO Corporation (NYSE: AGCO)
… a Duluth Georgia-based designer, manufacturer and distributor of agricultural equipment, offers a path to profit from the rising demand for fertilizer, said Michelle Connell, president and owner of Dallas-based Portia Capital Management.
Invesco DB Agriculture (NYSEArca: DBA)
Again, to see those additional 19 articles not covered here, go to this podcast’s page located at investingforthesoul.com/podcasts and scroll down to this page.
Other Honorable Mentions – not in any order
1) Title Ten Clean Energy Stocks of 2022/3 – July Returns on altenergystocks.com. By Tom Konrad.
2) Title Here’s Why the Time Is Right for These Clean Energy Stocks on Nasdaq.com. By Devina Lohia.
3) Title 10 Best ESG Stocks for 2022 on fool.com. By Allison Plaut.
5) Title Top Stocks to Buy, Inflation Reduction Act Props Up Investments on marketrealist.com. By Rachel Curry.
7) Title Best Alternative Energy ETFs for Q4 2022 on investopedia.com. By Nathan Reiff.
8) Title Top Alternative Energy Stocks for Q4 2022 on investopedia.com. By Nathan Reiff.
11) Title 10 Best Renewable Energy Stocks to Buy and Hold for the Next 10 Years on yahoo.com. By Hamna Asim.
12) Title 3 Alternative Energy Stocks to Buy as EV Adoption Booms on yahoo.com. By Aparajita Dutta.
14) Title 10 Alternative Energy Stocks to Buy Amid Energy Crisis in Europe on yahoo.com. By Omer Farooq.
15) Title 7 Best Clean Energy ETFs to Buy Now | Investing | U.S. News on usnews.com. By Tony Dong.
Plus articles for the UK and Australian investors
3) Title 5 High-Performing Ethical Investment Funds on Canstar.com.au. By Marissa Hayden.
Well, these are my top news stories with their stock and fund tips — for this podcast: “Inflation Reduction Act: Analysts’ Stock-ETF Picks!”
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Contact me if you have any questions.
Thank you for listening.
Talk to you next on September 23.
Bye for now.
© 2022 Ron Robins, Investing for the Soul