Impact, Solar, and ESG Stock Buys. Stocks to buy and hold. Stocks making social change. Undervalued solar stocks. And more…

Transcript & Links, Episode 118, November 17, 2023

Hello, Ron Robins here. So, welcome to this podcast episode 118 titled “Impact, Solar, and ESG Stock Buys.” 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. And look at my newly revised website at investingforthesoul.com! Tell me what you think.

Now, remember that you can find a full transcript, and links to content – including stock symbols and bonus material – on this episode’s podcast page located at investingforthesoul.com/podcasts.

Also, 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.

Additionally, quotes about individual companies are brief. Please go to this podcast’s webpage for links to the actual articles for more company and stock information. Also, some companies might be covered more than once and there are also 4 article links below that time didn’t allow me to review them here.

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1) Impact, Solar, and ESG Stock Buys

This first article lists three stocks, it says, are for the long-term sustainable investor. The title Building a Sustainable Portfolio: 3 ESG Stocks to Buy and Hold. It’s by Josh Enomoto and found on investorplace.com. Here’s some of what Mr. Enomoto says about his picks.

“1. Iron Mountain (NYSE:IRM)

An enterprise information management services firm, Iron Mountain focuses on records management and data backup and recovery services… According to Investor’s Business Daily, Iron Mountain ranks as number 50 on its list of 100 best ESG companies of 2023. In particular, the information management specialist seeks to achieve net-zero emissions by 2040…

Analysts rate shares a unanimous strong buy with a $67.20 price target.

2. Intuit (NASDAQ:INTU)

Intuit can mitigate our pain through tax-related financial software… And it turns out, people appreciate Intuit for another reason: it’s one of the ESG stocks to buy and hold… Per IBD, the software specialist places as number 58 on the top 100 conscientious companies for this year…

Analysts peg Intuit as a strong buy with a $580.41 price target.

3. Clean Harbors (NYSE:CLH)

A provider of environmental and industrial services… shares have soared robustly higher since the beginning of this year. Per its public profile, Clean Harbors focuses on myriad services, including hazardous waste disposal for companies, small waste generators, and government agencies…

Clean Harbors slots in the number 39 spot on IBD’s top 100 conscientious companies.

Analysts rate Clean Harbors a consensus moderate buy with an average price target of $186.57.” End quotes.

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2) Impact, Solar, and ESG Stock Buys

My second article is unusual and you’ll see why in a moment. It’s titled These 5 small-cap impact stocks are making social change. Written by Ari Zoldan and found on marketbeat.com. Now some of what Mr. Zoldan says about the stocks that are specifically publicly listed.

“1. Vision Marine Technologies (NASDAQ:VMAR)

The company offers electric outboard motors for boats. Vision Marine enjoys a first-mover advantage, as its E-Motion outboard motor, announced at the Paris Boat Show in December 2022, is the only turnkey solution available to boat manufacturers.

2. Ideal Power (NASDAQ:IPWR)

The company offers a proprietary semiconductor switch that’s much more energy-efficient than most other offerings on the market… [It] offers significant benefits to energy-efficient devices and products, electric vehicles and EV charging, green energy and energy storage, utility infrastructure, and data centers.

3. Verde Bioresins

Verde Bioresins is expected to go public via a merger with a special purpose acquisition company (SPAC). [That company] TLGY Acquisition Corp. is trading under the ticker ‘TLGY,’ but after the merger, its name will change, and Verde Bioresins will trade under the ticker ‘VRDE.’

Verde’s PolyEarthylene^TM bioresin is a high-performance alternative to many petroleum-based plastics… The company estimates the total addressable market for its product at around $300 billion, or roughly half of the total market for petroleum-based plastics.

4. Draganfly (NASDAQ:DPRO)

Although it might seem like drones have only been around for the last five to 10 years or so, Draganfly has been in the business for over 20 years…

Today, drones have many uses across multiple industries, including humanitarian efforts, public health and safety, military and government, environmental and energy-related industries, agriculture, and insurance. As a result, Draganfly’s offerings present dozens of potential social impacts.” End quotes.

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3) Impact, Solar, and ESG Stock Buys

And now back to our familiar clean energy theme with this article titled 3 Clean Energy Stocks That Can Survive Anything. It’s by Tyrik Torres and found on investorplace.com. Here are some quotes by Mr. Torres from his article on his recommended stocks.

“1. Brookfield Renewable Partners (NYSE:BEP)

is one of the largest renewable power companies in the world. Its portfolio boasts over 21,000 megawatts (MW) of capacity across hydroelectric, wind, solar, and storage facilities.

The company is majority owned by Brookfield Asset Management (NYSE:BAM), an alternative investment manager equity firm…

Higher interest rates have negatively impacted Brookfield Renewable Partners near-term share price growth. However, as clean energy stocks come back into favor, buying Brookfield Renewable Partners’ [stock now] is a smart move.

2. First Solar (NASDAQ:FSLR)

A number of earnings beats throughout 2023 should keep First Solar on clean energy investors’ watchlists…

First Solar announced a new manufacturing site in the U.S., adding to manufacturing capacity… First Solar could see its intrinsic growth rate boosted in the long term.

3. Ormat Technologies (NYSE:ORA)

primarily engages in the geothermal and recovered-energy power business in the U.S., Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, and Honduras. Last year, Ormat derived approximately 86% revenue from generating electricity through its geothermal plants and recovered energy-based power plants…

With valuation multiples essentially halved since January, Ormat looks like an attractive investment opportunity.” End quotes.

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4) Impact, Solar, and ESG Stock Buys

With so many solar stocks down, this article might add some light to the gloom. It’s titled 11 Most Undervalued Solar Stocks To Buy According To Hedge Funds. I found it on finance.yahoo.com and it’s by Hamna Asim. Here are some quotes from his article.

“We made an extensive list of the most popularly traded solar stocks and shortlisted 11 stocks with P/E ratios under 35 and the highest hedge fund sentiment. While some P/E ratios might seem high, they are lower than the green and renewable industry average P/E of 83, which was calculated by NYU Stern. We have assessed the hedge fund sentiment from Insider Monkey’s database of 910 elite hedge funds tracked as of the end of the second quarter of 2023…

[Note: P/E ratios are as of November 2.]

11. Emeren Group Ltd (NYSE:SOL)

Number of Hedge Fund Holders: 10

P/E Ratio: 25.25

Emeren Group specializes in the development, construction, and operation of solar energy initiatives. The company is involved in the creation of community solar installations and the sale of project rights worldwide.

10. JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Hedge Fund Holders: 12

P/E Ratio: 3.19

JinkoSolar is involved in the design, production, and marketing of photovoltaic products, including solar modules, silicon wafers, solar cells, silicon materials, and silicon ingots.

9. Canadian Solar Inc. (NASDAQ:CSIQ)

Hedge Fund Holders: 16

P/E Ratio: 3.51

Canadian Solar is engaged in the creation, development, production, and sale of solar materials and battery storage items worldwide… On October 30, the company said that it intends to invest $800 million in constructing a solar photovoltaic cell manufacturing facility in Jeffersonville, Indiana.

8. SunPower Corporation (NASDAQ:SPWR)

Hedge Fund Holders: 17

P/E Ratio: 10.24

SunPower Corporation is a solar technology and energy services provider offering solar, storage, and home energy solutions in the United States and Canada. The company offers post-installation monitoring and maintenance services, catering to homeowners and new home builders.

7. Daqo New Energy Corp. (NYSE:DQ)

Hedge Fund Holders: 22

P/E Ratio: 2.05

Daqo New Energy produces and distributes polysilicon to manufacturers of photovoltaic products in China. This polysilicon is utilized in the production of ingots, wafers, cells, and modules for solar energy applications.

6. Shoals Technologies Group, Inc. (NASDAQ:SHLS)

Hedge Fund Holders: 24

P/E Ratio: 14.87

Shoals Technologies offers electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle charging applications in the United States. On October 11, Goldman Sachs upgraded Shoals Technologies to a Buy rating with a $28 price target.

5. Sunrun Inc. (NASDAQ:RUN)

Hedge Fund Holders: 24

P/E Ratio: 23.62

Sunrun specializes in residential solar energy solutions in the United States, including design, installation, sales, ownership, and maintenance.

4. Clearway Energy, Inc. (NYSE:CWEN)

Hedge Fund Holders: 29

P/E Ratio: 32.62

Clearway Energy is a renewable energy company in the United States, operating through Conventional, Renewables, and Thermal segments. The company manages wind and solar generation projects, as well as natural gas generation facilities.

3. Array Technologies, Inc. (NASDAQ:ARRY)

Hedge Fund Holders: 32

P/E Ratio: 34.04

Array Technologies manufactures and markets ground-mounted tracking systems utilized in solar energy initiatives worldwide, including the United States, Spain, Brazil, and Australia… On September 19, Bank of America included Array Technologies in its US 1 List and maintained a Buy rating with a $30 price target.

2. Enphase Energy, Inc. (NASDAQ:ENPH)

Hedge Fund Holders: 50

P/E Ratio: 19.50

Enphase Energy creates, manufactures, and sells home energy solutions for the solar industry in the United States and internationally. The company provides semiconductor-based microinverters that operate at the individual solar module level, along with proprietary networking and software for energy monitoring and control.

1. NextEra Energy, Inc. (NYSE:NEE)

Hedge Fund Holders: 59

P/E Ratio: 15.88

NextEra Energy produces, transmits, and distributes electricity in North America. They generate power from different sources including wind, solar, nuclear, coal, and natural gas. NextEra Energy develops and manages long-term contracted assets involving clean energy solutions like renewable facilities, battery storage projects, and electric transmission.” End quotes.

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5) Impact, Solar, and ESG Stock Buys

And more on clean energy stocks with this article titled 3 Renewable Energy Stocks Set to Beat Q3 Earnings Estimates. By Aparajita Dutta of Zacks but found on nasdaq.com. Now some quotes from her article.

“We are focusing on stocks that have the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold)… Earnings ESP provides the percentage difference between the Most Accurate Estimate and the Zacks Consensus Estimate.

1. Constellation Energy (Constellation Energy Corporation Quote)

It is the nation’s largest producer of carbon-free energy and a leading supplier of energy products and services…

The company, [has] an Earnings ESP of +1.36% and a Zacks Rank #1.

2. Enlight Renewable Energy (Enlight Renewable Energy Ltd. Quote)

It provides a renewable energy platform that develops, finances, constructs, owns and operates utility-sale renewable energy projects.

The company, [has] an Earnings ESP of +22.22% and a Zacks Rank #2.

3. TC Energy (TC Energy Corporation Quote)

It is a premier energy infrastructure provider in North America. In September 2023, the company announced the successful completion of the Bruce Power’s Major Component Replacement (MCR) Unit 6, which fully returned to service, thereby surpassing a significant milestone in Ontario’s largest clean-energy initiative. We may expect this to have favorably contributed to TC Energy’s third-quarter results.

The company, [has] an Earnings ESP of +0.37% and a Zacks Rank #3.” End quotes.

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Other Honorable Mentions – not in any order

1) Title: Top 10: Renewable Energy Companies in the USA on energydigital.com. By Charlie King.

2) Title: Canada’s Technology Fast 50™ program on deloitte.com. By Deloitte.

3) Title: Renewable Energy Stocks Got Crushed in 2023. 3 Top Stocks You Won’t Regret Buying on the Dip on fool.com. By Jason Hall, Tyler Crowe, and Matthew DiLallo.

4) Title: This Is the Best Solar Stock. But Is It a No-Brainer Buy Right Now? On fool.com. By Jason Hall and Tyler Crowe.

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Ending Comment

Well, these are my top news stories with their stock and fund tips — for this podcast titled: “Impact, Solar, and ESG Stock Buys.”

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Bye for now.

© 2023 Ron Robins, Investing for the Soul