Episódios
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Top Climate-Smart Stocks includes one article with 26 global picks. Another article refers to ESG companies in ‘unassailable’ market positions.
By Ron Robins, MBA
Transcript & Links, Episode 127, April 5, 2024
Hello, Ron Robins here. So, welcome to this podcast episode 127 titled “Top Climate-Smart Stocks.” 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.
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 2 article links below that time didn’t allow me to review here.
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26 climate-smart stocks shine in new BMO screen
I’m beginning with this article from Canada, but its recommended stocks are pertinent to investors globally. It’s titled 26 climate-smart stocks shine in new BMO screen. It’s by Freschia Gonzales and found on wealthprofessional.ca. Here are some quotes from the article.
“BMO Nesbitt Burns analyst Doug Morrow has launched a new ‘climate opportunities screen’ targeting stocks positioned to thrive in the fight against climate change, as reported by The Globe and Mail…
The selection process started with 432 stocks rated as outperform at BMO, evaluating them against criteria such as net-zero emissions policies, transparency in carbon emissions, and board oversight of climate targets…”
Here are the first 5 of the final 26 stocks on the list.
Adobe Systems (ADBE) AstraZeneca (AZN) Avery Dennison (AVY) Baker Hughes Co. (BKR) BHP (BHP).” End quotes.For the rest of the companies go to this podcast edition’s web page at investingforthesoul.com/podcasts and click the link to this article.
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5 Cheap Sustainable Stocks With Moats
The next article appeared on the renowned morningstar.com site. It’s titled 5 Cheap Sustainable Stocks With Moats and it’s by Muskaan Hemrajani and Leslie P. Norton. Now some quotes from the authors.
“These companies not only have low ESG risk scores, indicating that the companies are exposed to fewer environmental, social, and governance risks, but they are also trading at a price 50% lower than their fair values, according to Morningstar.
In addition, all five have been assigned a Morningstar Economic Moat Rating of wide or narrow by the analyst covering the stock…
Note: quoted stock prices are as of March 22, 2024.
1) Etsy ETSY
Fair Value: $140
Morningstar Rating: 4 stars
Price: $67.82
Etsy is trading at a 51% discount.
Etsy is a top-10 e-commerce marketplace operator in the US and the UK, with sizable operations in Germany, France, Australia, and Canada. The firm dominates an interesting niche, connecting buyers and sellers through its online market to exchange vintage and craft goods.
2) BorgWarner BWA
Fair Value: $72
Morningstar Rating: 5 stars
Price: $33.20
BorgWarner is trading at a 54% discount.
BorgWarner is a Tier I auto-parts supplier with three operating segments: An air management group, a drivetrain and battery systems group, and an e-propulsion segment.
3) Sirius XM Holdings SIRI
Fair Value: $7.50
Morningstar Rating: 5 stars
Price: $3.88
This stock is trading at a 48% discount.
Sirius XM Holdings consists of two businesses: SiriusXM and Pandora. SiriusXM transmits music, talk shows, sports, and news via its satellite radio network, primarily to consumers who pay a subscription fee, often tied to a vehicle. Pandora, acquired in February 2019, is a streaming music platform that offers an ad-supported radio option and a paid on-demand service.
4) Aptiv PLC APTV
Fair Value: $148
Morningstar Rating: 5 stars
Price: $78.72
This stock is trading at a 46% discount.
Aptiv is an automotive supplier. Its signal and power solutions segment supplies components and systems that make up a vehicle’s electrical system, including wiring assemblies and harnesses, connectors, electrical centers, and hybrid electrical systems.
5. Charter Communications CHTR
Fair Value: $550
Morningstar Rating: 5 stars
Price: $290
This stock is trading at a 46% discount.
Charter owns cable TV networks. It is the product of the 2016 merger of three cable companies: Legacy Charter, Time Warner Cable, and Bright House Networks. The firm now holds networks capable of providing television, internet access, and phone services to roughly 56 million US homes and businesses, around 40% of the country.
End quotes.
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The Ethical Investor’s Dream: 7 Socially Responsible Stocks With Skyrocketing Potential
Now Investor Place has produced some interesting research articles with many ESG and sustainably oriented stock picks. Their latest article is this one titled The Ethical Investor’s Dream: 7 Socially Responsible Stocks With Skyrocketing Potential. It’s by Josh Enomoto.
“1) Microsoft (NASDAQ:MSFT)
While Microsoft ranks among one of the biggest technology companies in the world… it ranked as number one on Investor’s Business Daily’s (IDB) 100 Best ESG Companies for 2023 list. Judging from its nearly 16% upside performance since the beginning of January, it’s ethical and viable…
Experts rate Microsoft a strong buy with a $470.30 average price target. That implies about 10% upside potential.
2) Alphabet (NASDAQ:GOOGL)
Another world-renowned tech giant, Alphabet came in at number 25 on IDB’s list for top ESG companies last year. Fundamentally, the company should benefit from its ownership of the Google ecosystem. Commanding an overwhelming market share of the search engine space, Alphabet probably isn’t going anywhere but up…
Alphabet carries a strong buy consensus view with a $165.37 price target, implying about 10% upside.
3) TJX Companies (NYSE:TJX)
TJX Companies is a discount retailer… it specializes in off-price apparel, shoes and accessories. It made number 22 on IDB’s list of top ESG businesses in 2023. On a fundamental note, the gradual return to normalization could see increased demand for cheap business casual attire…
Analysts rate TJX a strong buy with a $110.84 average price target, implying over 11% growth potential.
4) Air Products and Chemicals (NYSE:APD)
provides atmospheric gases, process and specialty gases, equipment, and related services throughout the world. On IDB’s ESG list last year, Air Products came in at number 18. To be fair, it’s one of the riskier ideas on this list, with shares losing 13% year-to-date…
Air Products and Chemicals also carries a moderate buy view with a $272 price target, implying 15% upside potential. If you want a potentially discounted opportunity among socially responsible stocks, this might be it.
5) Mondelez (NASDAQ:MDLZ)
A multinational confectionary, food, beverage and snack company, offers everyday relevance for investors and consumers. And if the economy gets a bit wobbly, Mondelez should rise as a beneficiary of the trade-down effect. Notably, Mondelez ranked as number 15 on IDB’s top ESG list…
Experts rate Mondelez a strong buy with an $83.47 price target.
6) Bunge (NYSE:BG)
A critically important name among socially responsible stocks, Bunge operates as an agribusiness and food company worldwide. It conducts operations through four segments: Agribusiness, Refined and Specialty Oils, Milling and Sugar and Bioenergy. On IDB’s ESG list, Bunge came in at number 11…
Analysts are optimistic with Bunge’s chart performance, rating it a moderate buy with a $115.30 target. That implies more than 16% growth potential.
7) Adobe (NASDAQ:ADBE)
Another top-tier technology enterprise, Adobe is a software giant. It’s perhaps best known for its Photoshop program and other products aimed at the creatives community. Because of the rise of the gig economy, Adobe could be more important than many people realize. As for its inclusion as one of the socially responsible stocks, Adobe ranked as number 14 in IBD’s top ESG list…
Analysts rate Adobe a moderate buy with a $620.63 target, implying over 24% upside potential.”
End quotes.
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Benefits of Sustainable Investing and 3 Companies Paving the Way!
This next article comes from a site I haven’t seen before – techbullion.com. Its author, Adriaan Brits, offers some good insights backing his stock picks. It’s titled Benefits of Sustainable Investing and 3 Companies Paving the Way! Here’s some of what Mr. Brits says about his picks.
“1) AGCO: Advancing Agricultural Sustainability
AGCO, an American agricultural machinery manufacturer, has emerged as a compelling option for sustainable investing. AGCO integrates sustainability into its core business strategy, emphasizing innovation and technology to make agriculture more efficient, productive, and environmentally friendly.
2) ICL Group: Promoting Sustainable Agriculture and Nutrition
ICL Group, a leading global specialty minerals company, and one of the largest fertilizer manufacturers in the world, offers another attractive opportunity for sustainable investment. ICL’s operations center around producing a sustainable food supply, focusing on soil health, plant nutrition, and food quality.
3) John Deere: Pioneering Precision Agriculture
John Deere, a familiar name in agricultural machinery, has been pushing boundaries to make farming sustainable and efficient. The company’s focus on innovations to improve machinery efficiency and promote agriculture makes it a promising prospect for sustainable investors.”
End quotes.
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Why I Keep Loading Up on These High-Yielding, Renewable-Energy Dividend Stocks
Lastly, is another article by an analyst who is frequently covered in these podcasts: Matt DiLallo at The Motley Fool. This article is titled Why I Keep Loading Up on These High-Yielding, Renewable-Energy Dividend Stocks and it’s seen on finance.yahoo.com. Quotes…
“The transition to renewable energy is one of the biggest investment megatrends of our lifetime. Over the coming decades, the world needs to invest trillions of dollars to decarbonize the economy. That should power above-average growth for companies focused on those sectors in years to come.
I want to cash in on this megatrend. That's why I've been loading up on renewable-energy stocks. I recently bought a few more shares of NextEra Energy Partners and Brookfield Renewable. Here's why I believe they could generate powerful total returns over the long term.
1) NextEra Energy Partners (NYSE: NEP)
NextEra Energy Partners has hit a speed bump in recent years. Surging interest rates have driven up its cost of capital. Not only have borrowing costs risen, but its stock price has lost nearly 70% of its value from the peak in early 2022, driving its dividend yield up to 13%. That has made it more difficult to secure new funding at an attractive rate to refinance existing financing as it matures and obtain new capital for acquisitions. Because of that, the company has had to alter its strategy…
If NextEra Energy can execute its plan, it could produce powerful total returns. It would pay a very lucrative and growing dividend. On top of that, it has significant stock-price appreciation potential as its share price recovers. While there's a high risk of a dividend cut due to its high payout ratio, a reduction could accelerate its recovery by enabling it to retain more cash to fund growth and strengthen its balance sheet. This high upside potential is why I continue loading up on its stock.
2) Brookfield Renewable (NYSE: BEPC)(NYSE: BEP)
Brookfield Renewable has gotten caught up in the growth concerns weighing on NextEra Energy Partners. Its shares are more than 55% below their high in 2022. That pushed its dividend yield up over 6%.
However, its issues were more a matter of timing than problems with financing. The company grew its funds from operations by 7% per share last year despite rising rates and supply chain issues. That was slightly below its target of 10%, largely due to later-than-expected transaction closings in the fourth quarter. It also had one that didn't close because shareholders voted against the deal…
Brookfield's dividend income and earnings growth alone could power total annual returns in the mid-teens from here. Add in a recovery in its stock price, and the upside potential is even more significant.”
End quotes.
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One Other Honorable Mention
1) Title: Strong Buy Renewable Energy Stocks to Add to Your Q2 Must-Watch List on investorplace.com. ByVandita Jadeja.
One Article from Australia
1) Title: 10 ASX Cleantech Stocks (Updated 2024) on nasdaq.com. By Melissa Pistilli.
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Ending Comment
Well, these are my top news stories with their stock and fund tips -- for this podcast titled: “Top Climate-Smart Stocks.”
Now, please be sure to click the like and subscribe buttons on Apple Podcasts, Google Podcasts, or wherever you download or listen to this podcast. That helps bring these podcasts to others like you.
And please click the share buttons to share this podcast with your friends and family. Let’s promote ethical and sustainable investing as a force for hope and prosperity in these deeply troubled times!
Contact me if you have any questions.
Thank you for listening.
I’ll talk to you next on April 19th.
Bye for now.
© 2024 Ron Robins, Investing for the Soul
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Analysts’ Sustainable Stock Picks. Infrastructure, renewable energy, and sustainable stocks with high dividend yields, that analysts say to buy now.
By Ron Robins
Transcript & Links, Episode 126, March 22, 2024
Hello, Ron Robins here. So, welcome to this podcast episode 126 titled “Analysts’ Sustainable Stock Picks.” 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.
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 is also 1 article link below that time didn’t allow me to review here.
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Infrastructure Stocks to Buy Hand Over Fist in March by Lee Samaha
Infrastructure is an investment that most ethical and sustainable investors like to invest in. So I want to begin with this article. It’s titled 3 Infrastructure Stocks to Buy Hand Over Fist in March and by Lee Samaha. It’s found on fool.com. Here are some brief quotes from the article.
“1. Trimble (TRMB)
With Trimble… infrastructure projects can be precisely managed with a significant reduction in waste and the kind of cost overruns the industry is famous for. It's a key player in digitally transforming how infrastructure is built and maintained…
Based on Wall Street analyst estimates, Trimble will trade at slightly less than 20 times the estimated free cash flow in 2025, a highly attractive multiple…
2. Freeport-McMoRan (FCX)
The (copper) miner has the resources and the financial flexibility to invest in increasing supply, and to benefit from increased prices for copper. That's why it's the best mining stock to buy in 2024.
3. Atkore (ATKR)
Atkore [is] a leading manufacturer of products used in electrical power systems in its electrical segment. It also manufactures metal frames and pipes -- among other things -- in its safety and infrastructure segment.
Atkore's earnings could significantly improve in the coming years, and so the stock looks like a good value trading on 10 times its estimated 2024 earnings.” End quotes
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5 Sustainable Stocks With a High Yield by Muskaan Hemrajani
Sustainable stocks with high yields are also in demand by investors. Hence, I thought this article would be of interest. It’s titled 5 Sustainable Stocks With a High Yield by Muskaan Hemrajani on morningstar.com. Now some of what Mr. Hemrajani has to say about his picks.
“1. Best Buy (BBY)
January 2024 Dividend Yield 5.08%
Price: $78.21 as of March 6, 2024
Fair Value Estimate: $90
Morningstar Rating: 3 stars
Morningstar ESG Risk Rating Assessment: Low
According to Morningstar senior equity analyst Sean Dunlop, ‘Best Buy’s dividend should be safe, with its 5%-plus yield looking quite attractive to income investors.’
2. Prudential Financial (PRU)
January 2024 Dividend Yield 4.77%
Price: $109.61 as of March 6, 2024
Fair Value Estimate: $108
Morningstar Rating: 3 stars
Morningstar ESG Risk Rating Assessment: Low
‘Overall, the company has returned approximately $26 billion to shareholders in the past eight years through dividends and share repurchases,’ Morningstar equity analyst Suryansh Sharma wrote in a report…
Prudential Financial provides a variety of financial-services products.
3. Exelon (EXC)
January 2024 Dividend Yield 4.14%
Price: $36.68 as of March 6
Fair Value Estimate: $39
Morningstar Rating: 4 stars
Morningstar ESG Risk Rating Assessment: Medium
Exelon is a pure-play electric and gas transmission and distribution utility that provides investors with a stable earnings profile.
4. Interpublic Group of Companies (IPG)
January 2024 Dividend Yield 3.76%
Price: $31.85 as of March 6.
Fair Value Estimate: $39
Morningstar Rating: 4 stars
Morningstar ESG Risk Rating Assessment: Negligible
Interpublic Group is one of the global Big Five advertising holding companies…
IPG has consistently increased its dividend, posting 7% average annual growth over the past five years.
5. HP (HPQ)
January 2024 Dividend Yield 3.7%
Price: $30.23 as of March 6
Fair Value Estimate: $27
Morningstar Rating: 3 stars
Morningstar ESG Risk Rating Assessment: Low
‘We don’t anticipate HP improving its midcycle growth potential or margin profile, but we do expect it to continue generating heady cash flow and sending nearly all of it back to shareholders between its dividend and repurchase program,’ Morningstar equity analyst William Kerwin (said).” End quotes.
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3 Renewable Energy Stocks That Are Screaming Buys in March by Matt DiLallo
And back to a usual favorite with this article titled 3 Renewable Energy Stocks That Are Screaming Buys in March. It’s by a familiar analyst in this space: Matt DiLallo -- and seen on finance.yahoo.com.
“1. NextEra Energy (NYSE: NEE)
Shares of NextEra Energy have slumped 25% over the past year. That price drop has driven its dividend yield up to around 3.7%, its highest level over the past decade…
The company should have plenty of power to continue growing its earnings at a healthy rate.
2. Brookfield Renewable (NYSE: BEPC) (NYSE: BEP)
Brookfield Renewable stock has shed about 17% of its value over the past year, driving its dividend yield up to 5.8%.
Growth drivers include renewable-energy development projects, inflation-driven rate increases, margin enhancement activities, and mergers and acquisitions.
3. Clearway Energy (NYSE: CWEN) (NYSE: CWEN.A)
Clearway Energy's stock has tumbled nearly 30% over the past year, driving its dividend yield to an eye-popping 7.3%... Given the growth ahead for renewable energy, there should be plenty of investment opportunities.”
End quotes.
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15 Biggest Wind Energy Companies in the World by Meerub Anjum
This analysis of wind energy companies will interest many of you too. It’s titled 15 Biggest Wind Energy Companies in the World by Meerub Anjum and found on finance.yahoo.com. Now some brief quotes by Ms. Anjum.
“Please note that we converted market caps in foreign currencies to USD according to their respective exchange rates, as of March 13.
15. Northland Power Inc. (OTC:NPIFF)
Market Cap: $4.41 billion
The company operates offshore and onshore wind facilities in Europe and Canada.
14. Suzlon Energy Ltd (NSE:SUZLON)
Market Cap: $6.13 billion
Suzlon Energy Ltd. is one of the largest wind turbine manufacturers in the world.
13. Acciona S.A. (OTC:ACXIF)
Market Cap: $6.76 billion
Acciona, S.A… is a leading infrastructure and renewable energy company.
12. Brookfield Renewable Corporation (NYSE:BEPC)
Market Cap: $9.18 billion
The company provides wind, solar, and hydroelectric energy solutions.
11. Siemens Energy AG (ETR:ENR)
Market Cap: $12.29 billion
The company provides renewable energy services through its subsidiary, Siemens Gamesa Renewable Energy.
10. Avangrid, Inc. (NYSE:AGR)
Market Cap: $13.81 billion
The company serves more than 7 million people and has developed 8.7 GW of renewable energy capacity.
9. EDP Renováveis, S.A. (OTC:EDRVY)
Market Cap: $14.79 billion
The company has over 270 wind farms and operates in 28 international markets across the world.
8. Ørsted A/S (OTC:DNNGY)
Market Cap as of March 13: $21.42 billion
Ørsted A/S is a leading renewable energy company, specializing in the development, construction, and operation of offshore and onshore wind farms.
7. Vestas Wind Systems A/S (OTC:VWDRY)
Market Cap: $28.59 billion
Vestas Wind Systems A/S… specializes in the designing, manufacturing, and installing of wind turbines.
6. GE Vernova
Expected Revenue (2024): $35 billion
With an experience of more than 130 years, GE Vernova helps in the generation of nearly 30% of the world's electricity and has a significant role in energy transition.
5. Adani Green Energy Limited (NSE:ADANIGREEN)
Market Cap: $37.42 billion
The company has 12 wind power plants all over India.
4. Constellation Energy Corporation (NASDAQ:CEG)
Market Cap: $53.37 billion
The company operates 27 wind projects across 10 states, with the ability to produce nearly 1,400 MW of energy.
3. Enel SpA (OTC:ENLAY)
Market Cap: $69.12 billion
The company is a leader in renewable energy, providing wind, hydro, and energy storage services.
2. Iberdrola, S.A. (OTC:IBDRY)
Market Cap: $75.62 billion
The company installed 1,793 MW of offshore wind facilities at the end of 2023. An additional 3,000 MW will be in operation before 2027.
1. NextEra Energy, Inc. (NYSE:NEE)
Market Cap: $117.29 billion
The leading renewable energy company specializes in wind and solar energy. The company has tripled its wind energy production over the last decade. It has over 119 wind farms in operation.” End quotes.
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15 Biggest Solar Companies in the World by Meerub Anjum
Similarly to the above article is this one but on solar companies. It’s also by Meerub Anjum and found on finance.yahoo.com. It’s titled 15 Biggest Solar Companies in the World. Again, some brief quotes on each company.
“The biggest solar companies in the world are ranked in ascending order of their market caps, as of March 12, 2024. Please note that we have converted the market caps of foreign companies to USD according to their respective exchange rates as of March 12.
15. ReNew Energy Global Plc (NASDAQ:RNW)
Market Cap: $2.42 billion
The company specializes in solar and wind energy. Its projects contribute to 1.9% of the total power capacity in India.
14. Clearway Energy, Inc. (NYSE:CWEN)
Market Cap: $2.55 billion
The company boasts a diversified portfolio of renewable and conventional generation assets in the US, including solar and wind power generation.
13. Risen Energy Co Ltd (SHE:300118)
Market Cap: $2.66 billion
Risen Energy Co Ltd specializes in the research and development, production, sales, and service of solar modules, solar terminal application and integration, and photovoltaic technology.
12. Shanghai Aiko Solar Energy Co Ltd (SHA:600732)
Market Cap: $4.04 billion
The company specializes in the manufacturing of photovoltaic products, solar cells, ABC modules, battery storage, inverters, and energy management systems.
11. SolarEdge Technologies, Inc. (NASDAQ:SEDG)
Market Cap: $4.12 billion
The company specializes in solar energy solutions, DC-optimized inverters, PV power optimization, monitoring, and energy storage solutions.
10. GCL Technology Holdings Limited (OTC:GCPEF)
Market Cap: $4.44 billion
GCL Technology Holdings Limited is a leading renewable energy company, specializing in the manufacturing of solar materials and advanced solar technologies.
9. Xinyi Solar Holdings Limited (OTC:XISHY)
Market Cap: $7.31 billion
Xinyi Solar Holdings Limited is a leading solar company, specializing in the sale and production of solar products, the development and operation of solar farms, engineering and procurement, and construction services.
8. Nextracker Inc. (NASDAQ:NXT)
Market Cap: $8.21 billion
Nextracker specializes in solar tracking systems, monitoring and control, utility-scale solar power, solar power plant performance, solar software, and risk mitigation.
7. Trina Solar Co Ltd (SHA:688599)
Market Cap: $8.22 billion
Trina Solar Co Ltd specializes in smart energy solutions, solar PV modules, and solar projects.
6. Brookfield Renewable Corporation (NYSE:BEPC)
Market Cap: $9.18 billion
The company operates and develops renewable power facilities and has $52 billion in power assets under management.
5. JA Solar Technology Co Ltd (SHE:002459)
Market Cap: $9.20 billion
JA Solar Technology Co Ltd… specializes in the manufacturing of high-functioning photovoltaic products including solar panels, PV modules, solar modules, and solar projects.
4. Enphase Energy, Inc. (NASDAQ:ENPH)
Market Cap: $16.43 billion
Enphase Energy… specializes in solar energy, solar storage, solar power, microinverters, solar panels, PV modules, solar distributors and installers, residential and commercial solar systems, solar batteries, and energy storage.
3. First Solar, Inc. (NASDAQ:FSLR)
Market Cap: $17.03 billion
The company provides solar technology solutions and produces eco-efficient solar modules.
2. Adani Green Energy Ltd (NSE:ADANIGREEN)
Market Cap: $37.42 billion
Adani Green Energy Ltd… is a leading renewable energy company in India. It develops and operates utility-scale grid-connected solar power plants among other renewables.
1. NextEra Energy, Inc. (NYSE:NEE)
Market Cap: $117.29 billion
NextEra Energy… is a leading utilities and renewable energy company, specializing in solar and wind energy.” End quotes.
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Can retail clients be impact investors? By David Kitai
Now there’s a particular reason I’m including this article titled Can retail clients be impact investors? It’s by David Kitai on wealthprofessional.ca. The fund appears to now be available to both US and Canadian investors. You’ll see why I’m including this article when you hear these quotes from it.
“Within the world of values based investing — which includes both ESG and socially responsible investing (SRI) — impact investing has largely been the remit of billionaires and foundations. Unlike ESG or SRI, which seek to avoid social harm in an investment portfolio, impact investing seeks to fund positive social changes. That sort of investing requires consensus on what constitutes positive change and relatively heavy involvement on the part of the impact investor, which is why it’s been largely left outside the reach of retail investors…
Late last year, Franklin Templeton Canada launched the Franklin Martin Currie Improving Society Fund, which explicitly aims to provide Canadian retail investors with an impact strategy.” End quotes.
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Other Honorable Mentions – not in any order.
1) Title: 3 Stocks That Are Capitalizing on the Shift to Renewable Energy on investorplace.com. By Muslim Farooque.
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Ending Comment
Well, these are my top news stories with their stock and fund tips -- for this podcast titled: “Analysts’ Sustainable Stock Picks.”
Now, please be sure to click the like and subscribe buttons on Apple Podcasts, Google Podcasts, or wherever you download or listen to this podcast. That helps bring these podcasts to others like you.
And please click the share buttons to share this podcast with your friends and family. Let’s promote ethical and sustainable investing as a force for hope and prosperity in these deeply troubled times!
Contact me if you have any questions.
Thank you for listening.
I’ll talk to you next on April 5th.
Bye for now.
© 2024 Ron Robins, Investing for the Soul
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Estão a faltar episódios?
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Transcript & Links, Episode 125, March 8, 2024
Hello, Ron Robins here. So, welcome to this podcast episode 125 titled “Top Ethical Companies and ESG Dividend Stocks.” 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.
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 5 article links below that time didn’t allow me to review them here.
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1. World’s Most Ethical Companies in 2024
The first article for this episode is another great company ranking I’ve been following for many years. A press release titled World’s Most Ethical Companies in 2024 best describes this ranking. It was found on finance.yahoo.com. Here are some quotes from it.
“Ethisphere, a global leader in defining and advancing the standards of ethical business practices, today announced the 136 companies that have earned the coveted designation of the World’s Most Ethical Companies in 2024. This year’s honorees span 20 countries and 44 industries.
2024 marks the 18th annual World’s Most Ethical Companies recognition. As in previous years, honorees have demonstrated a commitment to ethical business practices through robust programs that positively impact employees, communities, and broader stakeholders, as well as contributing to sustainable, long-term business growth.
The full list of the 2024 World’s Most Ethical Companies can be found on Ethisphere’s website.
There are also six companies—Aflac (AFL), Ecolab (ECL), International Paper (IP), Kao Corporation (KAO0.MU), Milliken & Company (Private), and PepsiCo (PEP)—that have been recognized 18 times, every year since the inception of the World’s Most Ethical Companies® in 2007…
The Ethics Premium: Integrity Outperforms
Ethisphere’s Five Year Ethics Premium for 2024 is 12.3% This represents the margin by which publicly traded companies recognized in this year’s World’s Most Ethical Companies outperformed a comparable index of global companies over a five-year period from January 2019 to January 2024…
Methodology
The World's Most Ethical Companies assessment is grounded in Ethisphere's proprietary Ethics Quotient®, an extensive questionnaire that requires companies to provide over 240 different proof points on their culture of ethics; environmental, social, and governance (ESG) practices; ethics and compliance program; diversity, equity, & inclusion efforts; and initiatives that support a strong value chain. That data undergoes further qualitative analysis by our panel of experts who spend thousands of hours vetting and evaluating each year's group of applicants. This process serves as an operating framework to capture and codify truly best-in-class practices from organizations across industries and from around the world…”
End quotes.
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2. 13 Best Environmental Dividend Stocks To Invest In According To Analysts
The next two articles are by Vardah Gill who does a terrific job of identifying the top ESG dividend-paying stocks from two perspectives. This first article focuses on dividends from stocks that also have at least a 15% stock price gain potential according to analysts. It’s titled 13 Best Environmental Dividend Stocks To Invest In According To Analysts and found on finance.yahoo.com.
Here are some quotes from this first article by Ms. Gill, starting with how she conducted her research.
“We scanned the holdings of Vanguard ESG U.S. Stock ETF (ESGV), which is a market capitalization-weighted index composed of large-, mid-, and small-cap stocks of companies located in the United States that are screened for certain environmental, social, and corporate governance (ESG) criteria by the index provider, which is independent of Vanguard. From the index, we picked 13 stocks that pay dividends and have a projected upside potential of over 15% based on analyst price targets. The stocks are ranked according to their upside potential, as of February 23. Note: the quoted upside potentials and dividend yields are as of February 23.
13. S&P Global Inc. (NYSE:SPGI)
Upside Potential: 15.2%
S&P Global Inc. is a leading provider of financial market intelligence, including credit ratings, indices, data, and analytics…
(It) currently offers a quarterly dividend of $0.91 per share… The stock's dividend yield: 0.83%.
12. Pfizer Inc. (NYSE:PFE)
Upside Potential: 15.4%
An American biotech and pharmaceutical company…
The company offers a quarterly dividend of $0.42 per share and has a dividend yield of 6.05%.
11. Mid-America Apartment Communities, Inc. (NYSE:MAA)
Upside Potential: 15.9%
Mid-America Apartment Communities is a real estate investment trust company that focuses on the acquisition, development, redevelopment, and management of multifamily apartment communities…
The stock has a dividend yield of 4.65%.
10. Morgan Stanley (NYSE:MS)
Upside Potential: 16.4%
Morgan Stanley is a global financial services firm that provides a wide range of related services to its consumers…
Morgan Stanley… currently offers a quarterly dividend of $0.85 per share and has a dividend yield of 3.93%.
9. Becton, Dickinson and Company (NYSE:BDX)
Upside Potential: 16.5%
Becton, Dickinson and Company is a global medical technology company that specializes in the development, manufacturing, and sale of medical devices, instrument systems, and reagents…
The stock's dividend yield… came in at 1.54%.
8. Realty Income Corporation (NYSE:O)
Upside Potential: 16.69%
It currently pays a monthly dividend of $0.2565 per share and has a dividend yield of 5.81%.
7. Microsoft Corporation (NASDAQ:MSFT)
Upside Potential: 16.8%
Microsoft Corporation… pays a quarterly dividend of $0.75 per share and has a dividend yield of 0.73%.
6. Archer-Daniels-Midland Company (NYSE:ADM)
Upside Potential: 17.04%
The global food processing and commodities trading company… currently pays a quarterly dividend of $0.50 per share and has a dividend yield of 3.74%.
5. NIKE, Inc. (NYSE:NKE)
Upside Potential: 17.60%
NIKE is a multinational corporation that designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide… currently pays a quarterly dividend of $0.37 per share and has a dividend yield of 1.40%.
4. Air Products and Chemicals, Inc. (NYSE:APD)
Upside Potential: 18.16%
Air Products and Chemicals is an American gases company that specializes in producing and distributing atmospheric gases, process gases, and specialty gases… the stock has a dividend yield of 3.04%.
3. Albemarle Corporation (NYSE:ALB)
Upside Potential: 22.08%
Albemarle Corporation is a global specialty chemicals company that develops, manufactures, and markets a wide range of chemicals and chemical-based products… The stock’s dividend yield: 1.33%.
2. AT&T Inc. (NYSE:T)
Upside Potential: 22.3%
AT&T is an American multinational telecommunications conglomerate… It currently pays a quarterly dividend of $0.2775 per share and has a dividend yield of 6.61%.
1. American Tower Corporation (NYSE:AMT)
Upside Potential: 26.6%
An American real estate investment trust company, American Tower Corporation tops our list of the best environmental dividend stocks… The company… currently pays a quarterly dividend of $1.70 per share… the stock offers a dividend yield of 3.58%.”
End quotes.
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3. 12 Best ESG Dividend Stocks to Buy According to Hedge Funds
This second article by Ms. Gill is titled 12 Best ESG Dividend Stocks to Buy According to Hedge Funds. The companies – though also derived from the Vanguard U.S. Stock ETF – are ranked by hedge fund ownership. The only duplicate company in the two lists is Microsoft.
So, here’s Ms. Gill’s description of her methodology and edited brief quotes about the selected companies.
“We scanned the holdings of Vanguard ESG U.S. Stock ETF (ESGV) which is a market capitalization-weighted index composed of large-, mid-, and small-cap stocks of companies located in the US that are screened for certain environmental, social, and corporate governance (ESG) criteria by the index provider, which is independent of Vanguard. From the index, we picked 12 stocks that pay dividends and have garnered the most attention from hedge fund investors by the conclusion of Q4 2023, using data from Insider Monkey’s database. The stocks are ranked in ascending order of the number of hedge funds having stakes in them. Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). Note: quoted dividend yields are as of February 28.
12. The Procter & Gamble Company (NYSE:PG)
Number of Hedge Fund Holders: 71
The Procter & Gamble Company is an Ohio-based multinational consumer goods company…
(It) currently offers a quarterly dividend of $0.9407 per share and has a dividend yield of 2.36%.
11. AbbVie Inc. (NYSE:ABBV)
Hedge Fund Holders: 76
The global biopharmaceutical company’s… dividend yield: 3.46%.
10. Broadcom Inc. (NASDAQ:AVGO)
Hedge Fund Holders: 91
Broadcom is a multinational technology company that designs, develops, and supplies a broad range of semiconductor and infrastructure software solutions. The company pays a quarterly dividend of $5.25 per share and has a dividend yield of 1.62%.
9. Merck & Co., Inc. (NYSE:MRK)
Hedge Fund Holders: 98
Merck & Co. is an American multinational pharmaceutical company… The company currently offers a quarterly dividend of $0.77 per share and has a dividend yield of 2.39%.
8. Eli Lilly and Company (NYSE:LLY)
Hedge Fund Holders: 102
An American pharmaceutical company, Eli Lilly… offers a quarterly dividend of $1.30 per share… The stock's dividend yield came in at 0.68%.
7. JPMorgan Chase & Co. (NYSE:JPM)
Hedge Fund Holders: 103
JPMorgan Chase & Co. provides a wide range of banking services to individuals, businesses, and institutions… it pays a quarterly dividend of $1.05 per share and has a dividend yield of 2.29%.
6. UnitedHealth Group Incorporated (NYSE:UNH)
Hedge Fund Holders: 113
UnitedHealth Group Incorporated… offers a per-share dividend of $1.88 every quarter… the stock has a dividend yield of 1.52%.
5. Apple Inc. (NASDAQ:AAPL)
Hedge Fund Holders: 131
Apple declared a quarterly dividend of $0.24 per share on February 1… The stock’s dividend yield: 0.53%.
4. Mastercard Incorporated (NYSE:MA)
Hedge Fund Holders: 141
The global financial tech company… offers a quarterly dividend of $0.66 per share… with a dividend yield of 0.56%.
3. Visa Inc. (NYSE:V)
Hedge Fund Holders: 162
It offers a quarterly dividend of $0.52 per share and has a dividend yield of 0.74%.
2. NVIDIA Corporation (NASDAQ:NVDA)
Hedge Fund Holders: 173
On February 22, the company announced a quarterly dividend of $0.04 per share… The stock has a dividend yield of 0.02%.
1. Microsoft Corporation (NASDAQ:MSFT)
Hedge Fund Holders: 302
Microsoft Corporation tops our list of the best ESG dividend stocks… The company… pays a quarterly dividend of $0.75 per share. The stock’s dividend yield: 0.74%.”
End quotes.
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4. 4 Clean Energy Stocks That Have Defied the Odds
Now, since clean energy stocks have had such a hard time recently, I thought that this article would interest many of you. It’s titled 4 Clean Energy Stocks That Have Defied the Odds. It’s by Avi Salzman and seen on barrons.com.
Here’s a key chart from the article.
“Clean energy stocks had a miserable 2023… The WilderHill Clean Energy Index is down 47% in the past year…
It’s worth understanding what has set the handful of winning stocks apart. Several of them help facilitate clean energy projects, without being on the hook for financing them.
Green Energy Winners
Company / Ticker
Recent Price
Market Value (billion)
YTD Price Change
2024 P/E
Nextracker / NXT
$57.94
$8.4
23.7%
20
MYR Group / MYRG
163.66
2.7
13.2
25
Quanta Services / PWR
234.39
34.2
8.6
28
Gentherm / THRM
55.68
1.8
6.3
21
Source: FactSet”
End quotes.
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Other Honorable Mentions – not in any order.
1. Title: 12 Best Wind Power and Solar Stocks To Buy on yahoo.com. By Fahad Saleem.
2. Title: 7 Renewable Energy Stocks That Could be Overlooked Gems on investorplace.com. By Chris Markoch.
3. Title: 5 Biggest Clean Energy ETFs in 2024 on nasdaq.com. By Melissa Pistilli.
4. Title: 8 Best Green Stocks and ETFs to Buy for 2024 on money.usnews.com. By Matt Whittaker.
5. Title: The Top 3 Infrastructure Stocks to Buy in March 2024 on investorplace.com. By Charles Munyi.
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Ending Comment
Well, these are my top news stories with their stock and fund tips -- for this podcast titled: “Top Ethical Companies and ESG Dividend Stocks.”
Now, please be sure to click the like and subscribe buttons on Apple Podcasts, Google Podcasts, or wherever you download or listen to this podcast. That helps bring these podcasts to others like you.
And please click the share buttons to share this podcast with your friends and family. Let’s promote ethical and sustainable investing as a force for hope and prosperity in these deeply troubled times!
Contact me if you have any questions.
Thank you for listening.
I’ll talk to you next on March 22nd.
Bye for now.
© 2024 Ron Robins, Investing for the Soul
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The Greenest Global Companies podcast features Corporate Knights and As You Sow’s 2024 Clean 200 global green company rankings. Plus
Ron Robins, MBA
Transcript & Links, Episode 124, February 23, 2024
Hello, Ron Robins here. So, welcome to this podcast episode 124 titled “The Greenest Global Companies.” 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 8 article links below that time didn’t allow me to review them here.
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List of Clean 200 companies captures the green transition in full flight
I’m beginning this podcast with one of my favorite company rankings that has just been released! It’s on corporateknights.com and titled List of Clean 200 companies captures the green transition in full flight. The introduction is by Rick Spence. Here are some quotes by Mr. Spence.
“Released by Corporate Knights and California-based shareholder advocates As You Sow on February 15, the 11th Clean200 ranking captures the green transition in full flight, cataloguing those public companies that are earning the most from sustainable sources. Crucially, it also signals to investors – venture capitalists, institutions and individuals alike – that a wide range of companies are capitalizing on new-economy principles without sacrificing annual returns or opportunities for growth.
Between July 1, 2016, and January 15, 2024, Clean200 companies generated a total return of 103.5%. Although they underperformed the MSCI ACWI broad market index, which grew 114.4%, the Clean200 trounced the key index of global fossil fuel companies (the MSCI ACWI/Energy Index), which gained only 64.5% through those years.
And that’s the big deal, says As You Sow CEO Andrew Behar, who co-authored the 2024 study. ‘In 2016, we created the Clean200 in response to investors saying, if we divest fossil fuels, there is nothing to invest in.’ Eight years later, the message is clear: ‘Investors who are not tilting their portfolios toward a clean future do so at their own peril.’
Top Companies
In first place again is Apple (AAPL)… Other blue-chip names on the list include Tesla (TSLA) (number three), HP (HPQ) (five), Microsoft (MSFT) (six), Daimler (DTG.DE) (12), BMW (BMW.DE) (16), Nissan (NSANY) (36), Nike (NKE) (50), Swatch (UHR.SW) (157) and even the iconic U.S. Steel (X) (177) – which recently committed to being zero-carbon by 2050.
‘Our mission is to shine a light on the heroes of the battle against climate change,’ notes report co-author Toby Heaps, CEO of Corporate Knights. ‘The 2024 Clean200 proves there are true sustainability champions out there. The key is to rigorously apply a scientifically inspired method to identify these gems.’
In total, Clean200 companies earned more than $2.2 trillion in sustainable revenue in 2022, deriving on average 54.7% of their revenues from sustainable business activities, versus 13.6% for their MSCI ACWI peers… The ranking excludes firms involved in industries such as fossil fuels, deforestation, prisons, weapons and tobacco – as well as companies that engage in blocking climate policies.
Leading the pack is the U.S., with 39 companies making the list this year. Other blooming centres of corporate sustainability are China (23), Japan (18) and France (13), followed by Brazil, Canada and Germany with 10 companies each.”
End quotes
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13 Best Renewable Energy Stocks To Buy According to Hedge Funds
Next up is back to energy with this article titled 13 Best Renewable Energy Stocks To Buy According to Hedge Funds. It’s by Fatima Farooq and seen on finance.yahoo.com. Here’s some of what Ms. Farooq says.
“We selected the names for our list of the best renewable energy stocks to buy by consulting Insider Monkey's hedge fund data for the third quarter… Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here)”.
13. Daqo New Energy Corp. (NYSE:DQ)
Number of Hedge Fund Holders: 18
It manufactures and sells polysilicon to photovoltaic product manufacturers in China to be used in ingots, wafers, cells, and modules for solar power solutions.
12. Avangrid, Inc. (NYSE:AGR)
Hedge Fund Holders: 19
Anthony Crowdell at Mizuho holds a Neutral rating and a $34 price target on Avangrid, Inc. as of January 3…
Avangrid… engages in the renewable energy generation business in the US, focusing on onshore wind power, solar, biomass, and thermal.
11. Clearway Energy, Inc. (NYSE:CWEN)
Hedge Fund Holders: 23
Clearway Energy… has about 5,500 net megawatts of installed wind and solar generation projects…
Oppenheimer's Noah Kaye maintains an Outperform rating and a $37 price target on Clearway Energy… as of January 19.
10. Green Plains Inc. (NASDAQ:GPRE)
Hedge Fund Holders: 24
Green Plains… produces, stores, distributes, and sells clean fuel…
On January 30, Goldman Sachs analyst Adam Samuelson maintained a Buy rating and a $34 price target on Green Plains.
9. Sunrun Inc. (NASDAQ:RUN)
Hedge Fund Holders: 26
Sunrun Inc. designs, develops, installs, and sells residential solar energy systems in the US …
A Buy rating and a $28 price target were maintained on Sunrun Inc. on January 3 by Mizuho's Maheep Mandloi.
8. SolarEdge Technologies, Inc. (NASDAQ:SEDG)
Hedge Fund Holders: 27
Christopher Souther at B. Riley Securities maintains a Buy rating and a $133 price target on SolarEdge Technologies… as of February 5.
SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations.
7. Algonquin Power & Utilities Corp. (NYSE:AQN)
Hedge Fund Holders: 28
On January 8, Ben Pham at BMO Capital upgraded Algonquin Power & Utilities Corp. from Market Perform to Outperform and placed a $7.50 price target on the stock…
Algonquin Power & Utilities Corp. is a renewable energy and utility company.
6. Enbridge Inc. (NYSE:ENB)
Hedge Fund Holders: 35
Enbridge is an energy company with a proactive Renewable Power Generation segment that operates assets such as wind, solar, geothermal, and waste heat recovery.
5. Enphase Energy, Inc. (NASDAQ:ENPH)
Hedge Fund Holders: 40
Enphase Energy designs and manufactures home energy solutions for the solar photovoltaic industry in the US and internationally… A Buy rating and a $140 price target were maintained on Enphase Energy… on February 1 by Philip Shen at Roth MKM.
4. Constellation Energy Corporation (NASDAQ:CEG)
Hedge Fund Holders: 45
Constellation Energy Corporation is a producer of carbon-free energy with about 32,355 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets.
3. First Solar, Inc. (NASDAQ:FSLR)
Hedge Fund Holders: 49
First Solar is a provider of photovoltaic solar energy solutions… On January 3, Maheep Mandloi maintained a Buy rating on First Solar alongside a $196 price target.
2. NextEra Energy, Inc. (NYSE:NEE)
Hedge Fund Holders: 58
NextEra Energy… generates electricity through wind, solar, nuclear, coal, and natural gas facilities.
RBC Capital’s Shelby Tucker reiterated an Outperform rating and a $74 price target on NextEra Energy on January 30.
1. General Electric Company (NYSE:GE)
Hedge Fund Holders: 76
GE… provides green energy solutions by combining onshore and offshore wind, blade manufacturing, grid solutions, hydro storage, hybrid renewables, and more…
Overweight rating and a $153 price target were maintained on General Electric on January 24 by Julian Mitchell at Barclays.”
End quotes
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Profit and Purpose: 7 Standout Stocks for the Ethical Investor
This next article covers some well-known companies. It’s titled Profit and Purpose: 7 Standout Stocks for the Ethical Investor by Josh Enomoto, on investorplace.com. Here are some quotes on each of his picks.
“1. Waste Management (NYSE:WM)
It’s one of the leaders in environmental sustainability with a focus toward waste reduction and renewable energy initiatives. For one thing, the company owns a vast network of recycling facilities…
Second, the company forwards a waste-gas-to-energy project. Per its website.
Analysts rate shares a consensus moderate buy with a high-side target hitting $230.
2. NextEra Energy (NYSE:NEE)
Commanding a presence in 49 states… (and) through its vast network of facilities – including solar and wind turbines – NextEra Energy features about 72 gigawatts (GW) of operating capacity…
Rough economic conditions hurt NextEra Energy bad in the final months of 2023. However, analysts anticipate a recovery, pegging shares a moderate buy with a $69.60 average price target.
3. Costco (NASDAQ:COST)
I don’t think it’s an anecdote to say that most Americans love the open-warehouse-style big-box retailer… But where it really shines is how well Costco treats its employees… In 2022, data from Glassdoor noted that the retailer’s employees rated the business a four out of five regarding worker satisfaction…
Analysts rate Costco stock a strong buy with a high-side target of $825.
4. Starbucks (NASDAQ:SBUX)
Starbucks… appeals to modern investors by emphasizing the ‘S’ component of ESG stocks… the company proudly boasts of its ethical sourcing of its key ingredients, from coffee beans to tealeaves to cocoa. In addition, its manufactured goods – from the merchandise on its shelves to the furniture in its stores – involve ethical sourcing…
Also, I’d be remiss not to mention Starbucks’ youth empowerment, hunger relief, and inclusivity programs… And analysts love it, pegging shares a consensus strong buy.
5. Visa (NYSE:V)
According to a Forbes article in 2023, Visa represents the most carried card, printing a market share of 52.8%... Lots of folks love talking about the ‘E’ and the ‘S’ in ESG stocks. However, governance is also a major component of holistic ethics. Here, Visa’s corporate governance practices help promote long-term value and accountability to its shareholders. Part of this involves ensuring diversity and inclusion and not just in the workforce itself but in the upper echelons of leadership…
Analysts rate shares a consensus strong buy with a $303.74 average price target.
6. Apple (NASDAQ:AAPL)
Maintaining high standards of governance, Apple focuses on a range of important issues. In June 2020, the company launched its Racial Equity and Justice Initiative, advancing opportunities for many people of color and Indigenous communities….
Also, Apple implements a shareholder voting process focused on executive compensation. That’s one distinct mechanism to keep the company accountable to stakeholders. Overall, analysts peg shares a moderate buy with a $208.07 average price target. Notably, the high-side target hits $250, implying robust bullishness despite a soft start to 2024.
7. Microsoft (NASDAQ:MSFT)
Thanks to the tech giant’s big investments in artificial intelligence, it has steadily rocketed higher since the 2022 doldrums. Further, as AI becomes more ingrained into everyday life, Microsoft stands to be a massive winner.
And when it comes to ethical stocks, the company may be the all-around champion… management set out ambitious environmental targets, most conspicuously being its aim to be carbon negative; that is, it will remove its historical emissions since its founding in 1975.
In addition, it’s a huge player in social equity, promoting directives focused on encouraging women to participate in technology. Finally, MSCI Ratings awarded Microsoft an AAA rating, the highest rating available to organizations. Unsurprisingly, analysts love Microsoft, rating it a consensus strong buy with a $469.45 price target.”
End quotes.
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Other Honorable Mentions – not in any order.
1. Title: Top 10: Solar Companies found on energydigital.com. By Maya Derrick.
2. Title: 3 Solar Energy Stocks Poised for a Strong Comeback on investorplace.com. By Faisal Humayun.
3. Title: ESG Funds Bucking The Trend on fa-mag.com. By Ron Delegge.
4. Title: BK Named A Top Socially Responsible Dividend Stock on nasdaq.com. By BNK Invest.
5. Title: Get Rich Quick with These 7 Renewable Energy Stocks to Buy Now on investorplace.com. By Ian Cooper.
6. Title: 3 Strong Buy Renewable Energy Stocks to Add to Your February Must-Watch List on investorplace.com. By Tomas Levani.
7. Title: 3 Renewable Energy Stocks to Own Before the Election Frenzy Begins on investorplace.com. By Jeremy Flint.
8. Title: 3 Hidden-Gem Renewable Energy Stocks Ready to Ride a Massive Market Wave on investorplace.com. By Matthew Farley.
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Ending Comment
Well, these are my top news stories with their stock and fund tips -- for this podcast titled: “The Greenest Global Companies.”
Now, please be sure to click the like and subscribe buttons on Apple Podcasts, Google Podcasts, or wherever you download or listen to this podcast. That helps bring these podcasts to others like you.
And please click the share buttons to share this podcast with your friends and family. Let’s promote ethical and sustainable investing as a force for hope and prosperity in these deeply troubled times!
Contact me if you have any questions.
Thank you for listening.
And, again, please look at my new totally revised website at investingforthesoul.com. Tell me what you think!
I’ll talk to you next on March 8th.
Bye for now.
© 2024 Ron Robins, Investing for the Soul
-
Ron Robins, MBA
Transcript & Links, Episode 123, February 9, 2024
Hello, Ron Robins here. So, welcome to this podcast episode 123 titled “Great Sustainable Stocks and Funds for 2024.” 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 13 article links below that time didn’t allow me to review them here.
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Top 10: ESG Stocks to Consider in 2024
I’m beginning this episode with an article titled Top 10: ESG Stocks to Consider in 2024. It’s by Kate Birch and found on sustainabilitymag.com. Here are a few quotes by Ms. Birch on each of her picks.
“1. Nvidia
MSCI Rating: AAA
The microchip megastar is one of the biggest beneficiaries of the artificial intelligence boom… The company has built what looks like an unassailable lead in the AI race, accounting for more than 70% of AI chip sales and widely recognised as the best, not just the biggest…
MSCI finds that Nvidia – when the chips are down – could do better when it comes to corporate governance.
2. Microsoft
MSCI Rating: AAA
Microsoft is another tech giant… getting high on AI. Savvy investment in ChatGPT’s creator OpenAI has put Microsoft in pole position… Microsoft is working toward 100% renewable energy by 2025, carbon negative by 2030, and has famously set out to offset all historical carbon emissions since it was formed in 1975 by 2050.
3. Best Buy
MSCI Rating: AAA
The tech retail giant which has more than 1,000 stores in the US and Canada… The company has pledged to be carbon neutral by 2040 and has already reduced carbon emissions by two thirds since 2009.
Barron’s has named Best Buy in the 100 Most Sustainable US Companies for six years running, this year taking 7th position.
4. Adobe
MSCI Rating: AAA
An industry standard software for the creative industries – from design to video editing… The company has set a goal of sourcing 100% renewable energy by 2035.
5. Intuit
MSCI Rating: AAA
Intuit… has been praised by MSCI for its corporate governance, human capital development, and carbon emissions.
You’ve probably heard of Intuit thanks to its accounting software QuickBooks, and it’s the company behind Mailchimp and Credit Karma too.
6. Idexx
MSCI Rating: AAA
Most well known as a company that helps pets live longer, healthier lives via diagnostics and tech innovations, Idexx products help ensure the safety of milk and water around the world – for humans too.
Listed in the S&P 500, Idexx employs 11,000 people and has customers in more than 175 countries and territories.
7. Lam Research
MSCI Rating: AAA
Lam makes equipment that makes the semiconductors we all rely on, and business is booming.
Lam is adopting sustainability across its organisation as it aims to reach net zero by 2050 and use 100% renewable energy by 2030.
8. Salesforce
MSCI Rating: AA
Everyone has surely heard of Salesforce – the cloud-based software that handles customer relationship management (CRM) and applications focused on sales and customer service…
Pre-pandemic, Salesforce was ranked AAA but that dropped to AA in November 2020 and that is where it remains… MSCI says it… is seen as a laggard when it comes to corporate behaviour.
9. POOLCORP
MSCI Rating: AA
Pool manufactures equipment and machinery for swimming pools, and is the largest such company in the world… Pool was upgraded from an A to AA in 2019 in recognition of efforts made to be more sustainable, especially when it comes to labour management, where MSCI says it is a leader.
10. Cadence
MSCI Rating: AA
MSCI does not recognise it as an ESG Laggard in any of its criteria. However, Cadence misses out on the highest ranking as it is, well, bang average on too many criteria, including carbon emissions and human capital development.” End quotes.
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America's Most Responsible Companies 2024
The next article is another ranking. It’s titled America's Most Responsible Companies 2024. The cover article is by Nancy Cooper and seen on newsweek.com. Here are a few quotes by Ms. Cooper.
“This year, we award 600 of the largest corporations in the United States, up from 500 in 2022. While that increase is noteworthy, even more so is the fact that the company in this year's 600th spot has a higher score than last year's 500th. It is also worth mentioning that 243 companies on the list have placed for at least four consecutive years, with 156 earning a spot for all five years…
This year's top overall position is held by Merck (MRK) having an impressive score of 92 out of 100, with Xylem (XYL) following closely at 91.3 and HP (HPQ), which held the No. 1 position for the previous four years, maintaining a solid presence in third with a score of 90.3.
Three companies stand out for scoring 100 in one of the three ESG pillars: Dell (DELL), Entergy (ETR) and Merck.’” End quotes.
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7 Best Solar Stocks to Buy Now
Next, back to a familiar favorite sector with this article titled 7 Best Solar Stocks to Buy Now. It’s by Jeff Reeves and appeared on money.usnews.com. Now some quotes from Mr. Reeves on his recommendations.
“1. Array Technologies Inc. (ARRY)
Array provides technology solutions that support solar array efficiency by moving panels to track the sun across the sky. This includes both the physical rigs as well as proprietary software that points them in the right direction at the right time… Average analyst estimates call for earnings per share to rise from $1.03 per share in 2023 to $1.27 per share in 2024. Revenue is growing nicely, too, with a projected 20% growth rate in 2024.
Market capitalization: $2 billion
2. Canadian Solar Inc. (CSIQ)
Though headquartered in Canada, Canadian Solar also has significant international operations, including in the fast-growing solar marketplace of China. And unlike some of the other stocks on this list that only produce solar panels or related hardware, Canadian Solar has a global energy segment that provides the actual power generation from solar farms… This diversification into a utility-style business model provides it a bit more stability… analyst projections of 26% revenue growth in 2024.
Market capitalization: $1.5 billion
3. Daqo New Energy Corp. (DQ)
Daqo is headquartered in China… Woods Mackenzie published a report in November that stated China will have more than 80% of the world's solar manufacturing capacity through 2026. Daqo’s growth rate is impressive, with total revenue of $4.6 billion in 2022 compared with about $300 million back in 2018.
Market capitalization: $1.3 billion
4. Enphase Energy Inc. (ENPH)
Many solar investors are drawn to Enphase, both because it's larger than many dedicated solar rivals and because of its impressive 1,489% share price increase over the past five years through Jan. 25. Enphase has made a name for itself by specializing in semiconductor products known as ‘microinverters,’ which convert energy captured in those cells into usable energy for homes and businesses… Truist just upgraded the stock in January, and Canaccord Genuity initiated coverage with a ‘buy’ rating in the past few weeks, too.
Market capitalization: $14.5 billion
5. First Solar Inc. (FSLR)
Founded in 1999… manufactures solar modules, mainly serving large-scale developers and operators of utilities or independent power grids for commercial and industrial use. The gloomy outlook for the industry in 2023 didn't take as much of a toll on First Solar, thanks to its focus on bigger customers instead of residential end-users, and its powerful position in the industry ensures it can weather short-term volatility as it looks to the future of alternative energy.
Market capitalization: $15.8 billion
6. SolarEdge Technologies Inc. (SEDG)
SolarEdge sells current inverter systems for solar installations, allowing the panels to produce alternating current, or AC, power that is transmissible across the energy grid. Unfortunately, the headwinds for the solar industry have been compounded by the fact that this mid-cap solar company is headquartered in Israel. As a result, shares are down a gut-wrenching 76% in the past 12 months.
Market capitalization: $3.9 billion
7. Sunnova Energy International Inc. (NOVA)
Sunnova installs solar arrays and energy storage solutions for homeowners and small businesses. It's modest in size… however… analysts expect more than $1 billion in total revenue in 2024 – more than 36% higher than expected 2023 sales. There's more volatility with a small and unprofitable stock… But if you want to get in on the ground floor of the residential solar rollout, Sunnova is a good option to consider in 2024.
Market capitalization: $1.3 billion.” End quotes.
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The Top 5 Sustainable Funds of 2023: AI, Anybody?
Now a look at some funds with this article titled The Top 5 Sustainable Funds of 2023: AI, Anybody? It’s by Muskaan Hemrajani and seen on morningstar.com. Here are some points by Mr. Hemrajani on each of the funds.
“To identify the top sustainable funds of 2023, we screened U.S.-based funds within the Morningstar Large Cap category that identify as sustainable investments.
1. Invesco ESG NASDAQ 100 ETF (QQMG)
Return: 55.34% Morningstar Medalist Rating: Bronze Maximum Allocation: The technology sector Top Holdings: Microsoft MSFT (13.00%), Apple AAPL (11.99%) Notable: 10% portfolio weight is in AI stocks like Nvidia NVDA and Broadcom AVGO2. ClearBridge Large Cap Growth ESG ETF (LRGE)
Return: 45.99% Morningstar Medalist Rating: Neutral Maximum Allocation: The technology sector Top Holdings: Microsoft (9%), Amazon.com AMZN (8%)3. Parnassus Growth Equity Institutional (PFPGX)
Return: 45.18% Morningstar Medalist Rating: Bronze Key Driver: Successful rally in the technology sector Notable: 11% of the fund’s weight is in Microsoft4. Nuveen Winslow Large-Cap Growth ESG ETF (NWLG)
Return: 43.50% Morningstar Medalist Rating: Neutral Maximum Allocation: Microsoft (13%) and the technology sector5. BlackRock Sustainable US Growth (BESGX) (Note different versions of fund)
Return: 43.42% Morningstar Medalist Rating: Neutral Maximum Allocation: Microsoft (12.77%) and the technology sector.”End quotes.
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3 Stocks Poised for Success in the Sustainable Fashion Trend
Now this article will particularly interest those of you who are fashion conscious! It’s titled 3 Stocks Poised for Success in the Sustainable Fashion Trend by Shane Neagle and found on investorplace.com. Now some quotes.
“Embrace these three sustainable fashion stocks for a greener future…
1. Lululemon Athletica (LULU)
The company makes fashion products designed for health-conscious and active consumers.
2. Deckers Outdoor (DECK)
In its commitment to sustainability, Deckers Brands has made significant strides in recent years.
3. Columbia Sportswear (COLM)”
End quotes.
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Other Honorable Mentions – not in any order.
1. Title: Maximizing Tax Deductions: 3 Charity-Friendly Stocks to Consider on investorplace.com. By Faizan Farooque.
2. Title: Eco-Friendly Tax Breaks: 3 Green Stocks to Buy Now on investorplace.com. By Gabriel Osorio-Mazzilli.
3. Title: There’s Still Strong Interest in Sustainable Investing on etftrends.com. By Todd Shriber.
4. Title: 3 Once-in-a-Lifetime Renewable Energy Stocks With Unprecedented Surge Potential on investorplace.com. By Matthew Farley.
5. Title: Solar Surge: 3 Stocks to Light Up Your Portfolio in 2024 on investorplace.com. By Jeremy Flint.
6. Title: VEGN growth and expansion plans on etfexpress.com. By Fiona Nicolson.
7. Title: 7 Stocks Benefiting from the Massive Shift to Clean Energy on investorplace.com. By Ian Cooper.
8. Title: Top 5 Solar Energy Stocks to Buy in 2024 for Green Investing! On youtube.com. By Ai Motive Mingle.
9. Title: Just Capital's 2024 Overall Rankings on justcapital.com. By Just Capital.
10. Title: The 3 Most Undervalued Renewable Energy Stocks to Buy in February 2024 on investorplace.com. By Ian Cooper.
Additional Articles from the UK and Australia
1. Title: 5 Renewable Energy Companies in the UK to Know on builtin.com. By Abel Rodriguez.
2. Title: 3 ethical ASX shares poised to outperform in 2024 on fool.com.au. By Bernd Struben.
3. Title: What were Pearler's 5 most popular ESG ETFs in 2023? On raskmedia.com.au. By Nick Nicolaides.
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Ending Comment
Well, these are my top news stories with their stock and fund tips -- for this podcast titled: “Great Sustainable Stocks and Funds for 2024.”
Now, please be sure to click the like and subscribe buttons on Apple Podcasts, Google Podcasts, or wherever you download or listen to this podcast. That helps bring these podcasts to others like you.
And please click the share buttons to share this podcast with your friends and family. Let’s promote ethical and sustainable investing as a force for hope and prosperity in these deeply troubled times!
Contact me if you have any questions.
Thank you for listening.
And, again, please look at my new totally revised website at investingforthesoul.com. Tell me what you think!
I’ll talk to you next on February 23rd.
Bye for now.
© 2024 Ron Robins, Investing for the Soul
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Ron Robins, MBAPodcast: The World’s Most Sustainable Corporations
Transcript & Links, Episode 122, January 26, 2024
Hello, Ron Robins here. So, welcome to this podcast episode 122 titled “The World’s Most Sustainable Corporations.” 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 6 article links below that time didn’t allow me to review them here.
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The Global 100 list: How the world’s most sustainable corporations are driving the green transition
I’m beginning this episode highlighting my favorite sustainable’ Corporations ranking. You can find their just released 2024 ranking in this post titled The Global 100 list: How the world’s most sustainable corporations are driving the green transition. The introduction is by Shawn McCarthy and posted on corporateknights.com. Here are some quotes.
“Now in its 20th year, Corporate Knights’ Global 100 ranking of the world’s most sustainable companies reveals the top firms that are increasing their investments in green solutions such as renewable energy, energy efficiency and the circular economy.
‘When we launched the Global 100 in 2005, the green economy was a quaint idea. Many companies didn’t publish in-house sustainability reports. There were no standardized key performance indicators, and none of the companies were reporting the percentage of their revenue or investments that were green,’ says Corporate Knights co-founder and CEO Toby Heaps…
In the 2024 Global 100 ranking, the top-ranked firms allocated 55% of their investments to sustainable projects, up from 47% the year prior. That compares with sustainable investments at a paltry 17% among the broader universe of publicly traded companies with more than US$1 billion in annual revenue…
The 2024 Global 100 companies earned 51% of their revenues from sustainable sources in the fiscal year 2022, up from 50% the prior year. That compares with just 16% for the broader universe of companies…
Top Companies
Two Australian companies, Sims Ltd. (SMSMY) and Brambles Ltd. (BMBLF) top the 2024 ranking. Sims, this year’s number one company, recycles scrap metal in 30 countries, and Brambles rents reusable pallets and containers around the globe. Both companies score 100% on sustainable revenue and sustainable investment…
The Global 100 also awarded a ‘pivot prize’ to Italian energy firm ERG SpA (ER9.BE), which completed its multiyear transition from black to green halfway through 2023…
The Global 100 rates companies in 38 industry groups… based on 25 metrics. It applies different weighting to certain metrics given the nature of the sector. Sustainable revenue and sustainable investment are key measures…
The Global 100 score far better on overall environmental, social and governance (ESG) metrics than do their peers. For example, 79% of Global 100 firms had sustainability-linked pay; only 30% of the broader corporate universe linked executive pay to the achievement of environmental or social sustainability targets…
Between February 1, 2005, and December 15, 2023, the Global 100 saw a return of 287% on a U.S. dollar basis, while the MSCI ACWI had a return of 272%. The Dow Jones Sustainability World Index posted a return of 254% over that period.” End quotes.
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Franklin Templeton Positive On Green, Social Bonds In 2024
This second article features a green bond fund by a firm who was one of the pioneers in mutual funds. The article is titled Franklin Templeton Positive On Green, Social Bonds In 2024. It’s by Amanda Cheesley and found wealthbriefing.com. Now some quotes from Ms. Cheesley.
“David Zahn, head of European fixed income at Franklin Templeton, believes that sustainable investing will be a dominant investment trend, with structural tailwinds that could help improve financial returns…
Zahn thinks that green and social bonds, which are typically issued to fund longer-term projects, are a good source of longer-duration investments…
Zahn also believes that an expanding and increasingly diverse sustainable finance market means that attractive returns can go hand in hand with a positive impact on the environment and our communities…
Zahn manages the Franklin Sustainable Euro Green Bond UCITS ETF (FLRG:SWX:EUR) which aims to provide exposure to the European green bond market whilst maximising total returns. It… invests mainly in bonds that are labelled green and denominated in European currencies. The fund… has outperformed the index over a three to five-year period.” End quotes.
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Top 10: Wind Power Companies
Now this next article has an interesting ranking of the top global wind companies. It’s titled Top 10: Wind Power Companies and is by Maya Derrick and seen on energydigital.com. Here are some quotes on the findings of Ms. Derrick’s research.
“Ranked by the latest available annual revenue stats, from year ending 2022, we run through the top 10 leading companies in the wind power industry.
10. Suzlon
Revenue: US$403 million
Country: IndiaIndian multinational wind turbine manufacturer Suzlon is among the world's leading renewable energy solutions providers revolutionising and redefining the way sustainable energy sources are harnessed. The Suzlon Group has a presence in 17 countries across Asia, Australia, Europe, Africa and the Americas.
9. Renewable Energy Systems Americas
Revenue: US$1.6 billion
Country: USARenewable Energy Systems Americas (RES) constructs renewable energy projects for its worldwide customer base. Renewable Energy Systems Americas now has an ever-growing portfolio, made up of 110 solar, wind, transmission and energy storage projects in the US alone and more than 1,000 miles of transmission line.
8. EDP Renewables North America
Revenue: US$2.6bn
Country: USAOwned by Spanish company EDP Renewables… With 59 wind farms and 12 solar parks in North America alone, EDP Renewables North America works to fulfil its mission of ‘leading the energy transition to create superior value for all’.
7. Avangrid
Revenue: US$7.9bn
Country: USAA part of the Iberdrola Group, Avangrid provides onshore and offshore wind power and solar power to clients across 20 US states… it has a footprint in 24 states with US$41 billion in assets… The company has… been named one of the World’s Most Ethical Companies for five consecutive years by the Ethisphere Institute.
6. Vestas
Revenue: US$15.5bn
Country: DenmarkVestas designs, manufactures, installs and services wind turbines in 83 countries and has a workforce of more than 25,000 employees globally. The company has installed in excess of 66,000 wind turbines in its portfolio.
5. NextEra Energy
Revenue: US$21bn
Country: USAThe American energy company that is one of the world’s largest wind and solar energy generators and also operates nuclear power and natural gas plants.
4. RWE Renewables
Revenue: US$41.7bn
Country: USAWorking toward a goal of being carbon-neutral by 2040, RWE is a key driver of the energy transformation, working across data networks, mobility, competitive industries and building infrastructure. The 125-year-old company works to balance the need to meet the growing demand for power while mitigating negative effects of climate change… It has 27 wind farms in operation across the country.
3. Mitsubishi Heavy Industries
Revenue: US$30.3bn
Country: JapanSince Mitsubishi Heavy Industries delivered the first equipment for commercial use in Japan in 1982, the group has supplied more than 4,200 units, around 4.4GW, of wind power generators globally… It has a focus on on-shore wind turbines.
2. General Electric
Revenue: US$76.6bn
Country: USAGE is the largest renewable energy company by a significant margin… GE has installed more than 49,000 wind turbines and enough renewable energy sources to produce 400GW of energy worldwide… As well as this, GE’s battery energy storage solutions can store and deliver electricity produced by their wind turbines.
1. Siemens
Revenue: US$78bn
Country: Germany(Siemens is) a more than 175-year-old technology company which played a major role in the early years of electricity, Siemens’ wind power offering is extensive. The company established the world’s first offshore wind power plant in 1991 and continues to be a large player in both the onshore and offshore spaces…
Siemens Gamesa… is well-known for its SG 14.0-222 wind turbine… the largest wind turbine in the world.” End quotes.
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3 EV Stocks Cementing Their Status as Top Long-Term Market Picks
Many ethical and sustainable investors are buying EV stocks. Here’s an article on that sector by Dmytro Spilka and found on investorplace.com. It’s titled 3 EV Stocks Cementing Their Status as Top Long-Term Market Picks. Here are some quotes by Mr. Spilka on his picks.
“1. Li Auto (NASDAQ:LI)
At the core of Li’s strong year was an astonishing 182.2% total deliveries growth to 376,030. Cumulative deliveries surpassed 600,000 vehicles. This makes the firm the most prolific among China’s emerging new energy automakers.
With the upcoming launch of Li MEGA, the firm’s flagship new MPV set to roll out in February 2024, the firm appears to be leading the charge to become China’s EV market leader.
Li Auto’s recently announced partnership with semiconductor giant Nvidia (NASDAQ:NVDA) will see Nvidia’s DRIVE Thor centralized car computer power Li’s future EV fleets.
2. Rivian (NASDAQ:RIVN)
has endured a fairly torrid time on Wall Street since its debut in late 2021… The news that the auto manufacturer will be supplying its vehicles for AT&T’s (NYSE:T) fleet represents a significant coup for the firm…
In perhaps its biggest statement of intent, Rivian produced 17,541 vehicles in Q4 alone…
Rivian’s management has boldly predicted that the firm will begin turning gross profit positive, making Rivian a solid pick for investors with a long-term outlook.
3. Tesla (NASDAQ:TSLA)
Tesla… deliveries in Q4 alone hit a total of 484,507.
On top of this, the highly anticipated launch of the Cybertruck has helped to keep the stock in the spotlight. Tesla’s commitment to autonomous driving is likely to ensure that it stays at the forefront of innovation…
One of the stock’s biggest supporters is Cathie Wood, CEO and CIO of Ark Invest (ARKK)… Wood claimed that Tesla stock could reach the $4,600 mark. That would be a price target of $1,533.33 when adjusted for the split.” End quotes.
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The Top 3 Stocks to Benefit from Next-Gen Energy Solutions
My final article for this episode is titled The Top 3 Stocks to Benefit from Next-Gen Energy Solutions. It’s by Steve Booyens and also found on investorplace,com. Due to limited space I’m just quoting Mr. Booyens briefly.
“1. Brookfield Renewable Energy Partners (NYSE:BEP)
A company with diversified renewable energy exposure with significant scale in store.
2. First Solar (NASDAQ:FSLR)
Economies of scale and continuous capacity sequencing place First Solar best-in-class.
3. Enphase Energy (NASDAQ:ENPH)
A buy-the-dip opportunity highly touted by Wells Fargo.”
End quotes.
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Other Honorable Mentions – not in any order.
1. Title: 3 Top Renewable Energy Stocks to Power Up Your Portfolio on investorplace.com. By Muslim Farooque.
2. Title: 3 Alternative Energy Stocks to Watch Amid Rising Material Cost on finance.yahoo.com. By Aparajita Dutta.
3. Title: Morgan Stanley a Top Socially Responsible Dividend Stock With 3.7% Yield on nasdaq.com. By BNK Invest.
Articles from the UK and Canada
1. Title: Top 200 Ethical Businesses on thegoodshoppingguide.com.
2. Title: The top 20 ESG funds of 2023 on trustnet.com. By Matthew Cook.
3. Title: 2024 Responsible Funds Guide Canada on corporateknights.com. By Tim Nash.
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Ending Comment
Well, these are my top news stories with their stock and fund tips -- for this podcast titled: “The World’s Most Sustainable Corporations.”
Now, please be sure to click the like and subscribe buttons on Apple Podcasts, Google Podcasts, or wherever you download or listen to this podcast. That helps bring these podcasts to others like you.
And please click the share buttons to share this podcast with your friends and family. Let’s promote ethical and sustainable investing as a force for hope and prosperity in these deeply troubled times!
Contact me if you have any questions.
Thank you for listening.
And, again, please look at my new totally revised website at investingforthesoul.com. Tell me what you think!
I’ll talk to you next on February 9th.
Bye for now.
© 2023 Ron Robins, Investing for the Soul
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Ron RobinsTranscript & Links, Episode 121, January 12, 2024
Hello, Ron Robins here. So, welcome to this podcast episode 121 titled “The Most Profitable Clean Energy Stocks. Plus…” It’s presented by Investing for the Soul. I do hope that you had a wonderful time over the holidays! Now 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 12 article links below that time didn’t allow me to review them here.
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1) The Most Profitable Clean Energy Stocks. Plus…
Now in this edition, I’m featuring articles covering a broad range of sustainable industries. They include more articles in the renewable energy, tech, and health sectors.
The first article I’m covering is titled 13 Most Profitable Renewable Energy Stocks by Ramish Cheema. It’s seen on finance.yahoo.com. Here are some quotes. Please forgive me regarding the improper pronunciation of some of these companies!
“To make our list of the most profitable renewable energy stocks, we ranked the top 30 holdings of BMO Global Asset Management's BMO Clean Energy Index ETF (ZCLN.TO) by their latest trailing twelve month net income and selected the top 13 stocks. For these stocks we have also mentioned hedge fund sentiment.
13. First Solar, Inc. (NASDAQ:FSLR)
Latest Trailing Twelve Month Net Income: $473 million
First Solar is an American company that sells products used in solar power generation systems. Unlike other renewable energy stocks, its shares are up 15.14% year to date.
During Q3 2023, 49 out of the 910 hedge funds part of Insider Monkey's database had held a stake in First Solar, Inc.
12. Avangrid, Inc. (NYSE:AGR)
Latest TTM Net Income: $536 million
Avangrid is a diversified American utility that generates power from both traditional and renewable power sources. It hasn't been doing well financially as of late by having missed analyst EPS estimates in three out of its fourth latest quarters.
By the end of September 2023, 19 out of the 910 hedge funds tracked by Insider Monkey were the firm's shareholders.
11. Enphase Energy, Inc. (NASDAQ:ENPH)
Latest TTM Net Income: $571 million
Enphase Energy makes and sells power systems that work with solar panels…
By the end of this year's third quarter, 40 out of the 910 hedge funds profiled by Insider Monkey had held a stake in Enphase Energy.
10. Constellation Energy Corporation (NASDAQ:CEG)
Latest TTM Net Income: $774 million
Constellation Energy is an American renewable energy company that uses solar, nuclear, and other clean sources to generate power…
During this year's third quarter, 45 out of the 910 hedge funds part of Insider Monkey's database had held a stake in the company.
9. Energias de Portugal, S.A. (ELI:EDP.LS)
Latest TTM Net Income: $784 million
Energias de Portugal, S.A. is a Portuguese diversified renewable energy company with a presence all over Europe and North America. It is one of the most strongly rated stocks on our list.
8. Corporación Acciona Energías Renovables, S.A. (BME:ANE.MC)
Latest TTM Net Income: $847 million
Corporación Acciona Energías Renovables, S.A. is a Spanish renewable energy firm headquartered in Alcobendas, Spain. It uses solar, hydro power, biomass, and other clean energy sources to generate power.
7. EDP Renováveis, S.A. (ELI:EDPR.LS)
Latest TTM Net Income: $852 million
EDP Renováveis, S.A. is another Spanish renewable energy company. The firm has thousands of megawatts of power generation capacity in the U.S., Brazil, Spain, and other countries. Despite a broader slowdown in the renewable energy industry, it has done well on the financial front.
6. Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR)
Latest TTM Net Income: $940 million
Centrais Elétricas Brasileiras S.A. - Eletrobrás is a Brazilian renewable energy utility with dozens of dams and two nuclear power plants in its power generation portfolio…
Insider Monkey dug through 910 hedge fund portfolios for their September quarter of 2023 shareholdings and found seven shareholders.
5. CPFL Energia S.A. (BVMF:CPFE3.SA)
Latest TTM Net Income: $1 billion
CPFL Energia S.A. is one of the oldest companies on our list since it was set up in 1912. Headquartered in Campinas, SP, Brazil, the firm provides electricity to all kinds of users in its home country… Its shares are rated Buy on average.
4. Companhia Energética de Minas Gerais – CEMIG (NYSE:CIG)
Latest TTM Net Income: $1 billion
Companhia Energética de Minas Gerais is a Brazilian utility headquartered in Belo Horizonte. It is one of the biggest energy companies in Brazil and accounts for more than ten percent of the country’s power generation capacity.
During Q3 2023, 15 out of the 910 hedge funds covered by Insider Monkey’s research had bought and owned [the company].
3. Brookfield Renewable Corporation (NYSE:BEPC)
Latest TTM Net Income: $1.5 billion
Brookfield Renewable Corporation is an American renewable energy utility with a presence in several countries and a power generation capacity of more than twelve thousand megawatts… the shares are rated Strong Buy.
2. Chubu Electric Power Company, Incorporated (OTC:CHUEF)
Latest TTM Net Income: $2.73 billion
Chubu Electric Power Company, Incorporated is a Japanese utility headquartered in Nagoya, Japan… the firm has been in business [since] 1889. Chubu Electric Power Company, Incorporated generates electricity through nuclear, hydroelectric, wind, and other clean sources. December 2023 has been a controversial month for the firm as a Japanese regulator is fining it for engaging in bribery.
1. China Yangtze Power Co., Ltd. (SHA:600900.SS)
Latest TTM Net Income: $3 billion
China Yangtze Power Co., Ltd. is a Chinese utility company with a presence in several Asian and South American countries. It is one of the biggest renewable energy companies in the world, known particularly for generating power through hydroelectric plants.”
End quotes.
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2) The Most Profitable Clean Energy Stocks. Plus…
Next, we have this article. It’s titled Green Giants: 7 ESG Stocks Leading the Way in Sustainable Investing by Muslim Farooque and found on investorplace.com. Here are some brief quotes by Mr. Farooque on each company.
“1. Microsoft (NASDAQ:MSFT)
The tech giant’s early and substantial investments in generative AI have positioned it at the vanguard of the AI revolution… Simultaneously, Microsoft’s dedication to ESG principles has earned it accolades as one of the top ESG stocks.
2. Ormat Technologies (NYSE:ORA)
is a giant in the field of renewable geothermal energy technology… The company’s achievements include constructing more than 190 power plants and installing more than 3,200 megawatts (MW) of capacity.
Ormat stock has fallen out of favor with investors… However, the future looks promising.
3. Fluence Energy (NASDAQ:FLNC)
is… bolstering the burgeoning electric vehicle (EV) market through its powerful energy storage solutions and AI-driven energy management systems. These competencies are critical for the development of efficient EV charging infrastructure and the integration of renewable energy into the power grid…
This optimistic outlook underscores Fluence’s potential as a key player in the energy storage and EV market, making it a compelling, sustainable option.
4. Bunge (NYSE:BG)
Operating in agribusiness, refined & specialty oils, and milling, the company profits mainly from agribusiness. With a presence in 40 countries, Bunge is positioned remarkably well amidst growing global food shortage concerns, and its business model champions sustainable food supply chains by supporting agricultural communities efficiently…
It offers a forward dividend yield of 2.61%, with a notable 22-year history of consistent dividend payments.
5. Altus Power (NYSE:AMPS)
is a key player in the solar energy space, which is elevating its game with Atlus IQ, an AI-powered, cloud-based tool revolutionizing energy usage insights and solar savings.
6. NextEra Energy (NYSE:NEE)
with its unique positioning as both a leading utility company and a solar and wind energy pioneer, presents a fascinating investment opportunity… Recent economic shifts, particularly high bond yields, have cast a shadow over utility firms and their dividends. However, this situation presented NextEra Energy as a strong contrarian choice, especially given its dividend yield consistently above the 2.5% mark…
7. Host Hotels & Resorts (NASDAQ:HST)
It’s a distinguished real estate investment trust (REIT), which continues to make strides in the luxury and upper-upscale hotel market. With an enviable portfolio boasting names such as Grand Hyatt, Hilton, Marriott, and others, the company has established itself as a heavyweight in the hospitality sphere. What sets this company apart, however, is its unwavering commitment to ESG principles…
In addition to its ESG credentials, HST has demonstrated impressive financial performance… Additionally, its forward yield stands at an attractive 2.9%.”
End quotes.
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3 Healthcare Technology Stocks to Improve Lives in 2024
Now to the article on healthcare. It’s titled 3 Healthcare Technology Stocks to Improve Lives in 2024. It’s by Jeremy Flint and found also on investorplace.com. Here are some quotes by Mr. Flint on each of his picks.
“1. Crispr Therapeutics (NASDAQ:CRSP)
made waves earlier this month as its sickle cell treatment, Casgevy, became the first gene-editing therapy approved by the FDA. The implications… are staggering. FDA approval for an ailment as serious as sickle cell opens the floodgates for long-term gene editing and CRISPR tech treatments, ranging from complex chronic diseases to routine wound repair.
Investors’ lack of enthusiasm is primarily due to Casgevy’s short-term operational and financial implications rather than what the approval stands for conceptually.
2. Teladoc Health (NYSE:TDOC)
Teladoc… trades more than 90% below past highs. But that fall from grace isn’t an indictment of Teladoc’s model or viability…
Teladoc’s market share has lots of room to improve… Teladoc is neck-and-neck with direct competitors Amwell (NYSE:AMWL) and Doxy.me. As medical needs evolve, so do delivery and interaction mechanisms, making Teladoc one of the best healthcare technology stocks for 2024.
3. Intuitive Surgical (NASDAQ:ISRG)
captures another long-term healthcare trend, increased reliance on robotics during surgical procedures. Intuitive Surgical… is a healthcare technology giant in the NASDAQ-100 and S&P 500.
Despite its relative overvaluation, analysts are nearly all bullish on Intuitive Surgical… EquitySet, staking $409 as a fair price target, putting shares 18% undervalued at current levels…
If you want to anchor a basket of healthcare technology stocks, a stable but innovative giant like Intuitive Surgical stands as a strong cornerstone.”
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Other Honorable Mentions – not in any order.
1) Title: Jefferies initiates coverage on solar energy stocks on yahoo.com. By Rad Smith and Nicholas Jacobino.
2) Title: 3 Renewable Energy Stocks to Buy Hand Over Fist Right Now on yahoo.com. By Travis Hoium.
3) Title: 5 ESG Funds That Rebounded in 2023 on morningstar.com. By Mahi Roy.
4) Title: 5 Best Solar Energy Stocks For 2024 on forbes.com. By Jason Kirsch.
5) Title: 3 Renewable Energy Growth Stocks to Buy Hand Over Fist Before 2024 on fool.com. By Matthew DiLallo, Tyler Crowe, and Jason Hall.
6) Title: Eclipsing Expectations: 3 Solar Stocks Offering Hidden Value for 2024 on investorplace.com. By Terel Miles.
7) Title: 12 Best Solar Power Stocks To Invest In According to Financial Media on finance.yahoo.com. By Usman Kabir.
8) Title: Alternative Energy Explorers: 3 Stocks Investing in a Greener Future investorplace.com. By Faisal Humayun.
9) Title: Top 10 renewable energy companies Energy Magazine on energydigital.com. By Maya Derrick.
10) Title: 3 ESG Stocks That Are Sustainable and Profitable on investorplace.com. By Steve Booyens.
11) Title: 3 Eco-Friendly Stocks Leading in Sustainable Supply Chains on investorplace.com. By Muslim Farooque.
12) Title: 8 Best Energy Stocks to Buy in 2024 on usnews.com. By Matt Whittaker.
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Ending Comment
Well, these are my top news stories with their stock and fund tips -- for this podcast titled: The Most Profitable Clean Energy Stocks. Plus…”
Now, please be sure to click the like and subscribe buttons on Apple Podcasts, Google Podcasts, or wherever you download or listen to this podcast. That helps bring these podcasts to others like you.
And please click the share buttons to share this podcast with your friends and family. Let’s promote ethical and sustainable investing as a force for hope and prosperity in these very troubled times!
Contact me if you have any questions.
Thank you for listening.
And, again, please look at my new totally revised website at investingforthesoul.com. Tell me what you think!
I’ll talk to you next on January 26th.
Bye for now.
© 2023 Ron Robins, Investing for the Soul
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Analysts' Impact, ESG, and Healthcare Stock Picks. Includes unusual climate tech stock recommendations and terrific analyst picks in other sectors.
Transcript & Links, Episode 120, December 15, 2023
Hello, Ron Robins here. So, welcome to this podcast episode 120 titled “Analysts' Impact, ESG, and Healthcare Stock, Picks.” It’s presented by Investing for the Soul. Please note that I’m taking a break over the holidays so my next podcast will be Friday, January 12th, 2024.
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 11 article links below that time didn’t allow me to review them here.
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1) Analysts' Impact, ESG, and Healthcare Stock, PicksNow, I’m always trying to find articles with new investing ideas with an ESG and sustainable focus. In that vein, I’m presenting this article titled These 8 Small-Cap Impact Stocks Tap into the Rapidly Growing Climate Tech Market in Support of a Net-Zero Future. It’s by Ari Zoldan and found on nasdaq.com.
Here’s some of what Mr. Zoldan says about his picks.
“1. FuelCell Energy (FCEL)manufactures stationary fuel-cell platforms to help with decarbonizing power and producing hydrogen using fuel cells… The company specifically targets large industrial sources like factories and other large facilities that produce significant amounts of carbon dioxide.
2. Gevo (GEVO)produces decarbonized fuels and chemicals… The company states it is ‘commercializing the next generation of renewable gasoline, jet fuel and diesel fuel with the potential to achieve zero carbon emissions…
Gevo… sees commercial opportunities for other renewable hydrocarbon products like renewable natural gas and other fuels, chemicals, and plastics.
3. Ideal Power (IPWR)has developed and patented a bidirectional semiconductor power switch designed for use in electric vehicles, EV chargers, renewable energy, energy storage, data centers, solid-state circuit breakers, and other industrial and military applications… two examples utilizing the company’s technology (are:) improves the range of EVs and the kilowatt hours harvested from a renewable energy installation.
4. Mullen Automotive (MULN)is an EV manufacturer that designs and builds commercial trucks, passenger vehicles and solid-state polymer battery technology. Interestingly, while most other EV makers build cars that use lithium-ion batteries, Mullen actually uses lithium-sulfur batteries, describing them as being ‘lighter, more efficient,’ and having ‘greater range than most EVs in the market.’
At this stage, it's still the very early days for Mullen Automotive, although it did see its first recorded revenue in June from the sale of 22 electric cargo vans to the Randy Marion Automotive Group.
5. OPAL Fuels (OPAL)provides complete renewable natural gas solutions for landfills, dairies, and fueling station construction and service. The company uses a vertical waste-to-energy model that combines the upstream production and downstream marketing and distribution of renewable natural gas, providing a scalable, low-cost solution to decarbonize heavy-duty transportation…
So far, OPAL Fuels has completed more than 350 fueling stations, renewable natural gas landfills, and dairy projects across the U.S.
6. Sunworks (SUNW)describes its mission as ‘to help businesses and homeowners take control of their electric costs while championing the future of solar.’ The company serves customers in 15 states and provides solar services via partner organizations…
Sunworks also provides energy storage solutions that work with its commercial solar systems.
7. The Metals Company (TMC)The company describes its mission as ‘to build a carefully managed metal commons that will be used, recovered and reused again and again…’
The company mines polymetallic nodules, which are rich sources of the base metals required for battery making and building the infrastructure needed to make the energy transition… They are found unattached to the bottom of the abyssal seafloor, and they don’t contain toxic levels of heavy elements like land ores do…
Polymetallic nodules are also known as manganese nodules, although they also contain three additional critical metals used in batteries. In addition to manganese, these nodules contain cobalt, nickel and copper, all in a single ore.
The Metals Company believes mining these nodules could have a much lower environmental footprint than other forms of mining necessary to obtain the metals needed for making batteries.
8. Workhorse Group (WKHS)stands apart from the generalists in the space by manufacturing electric trucks and drones to support last-mile deliveries…
In September, Workhorse announced that it had received approval from the Internal Revenue Service as a qualified manufacturer for the Commercial Clean Vehicle Credit. The approval means Workhorse customers are eligible for a credit of up to $40,000 on their purchases of all Workhorse vehicles in 2023 and beyond.” End quotes.
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2) Analysts' Impact, ESG, and Healthcare Stock, PicksThis next article is titled 7 Best ESG Stocks to Buy Now. It’s by Matt Whittaker and found on money.usnews.com. Now some quotes and details.
“If ESG investing interests you, consider these seven ESG stocks, several of which have turned in an impressive year-to-date performance:
ESG STOCK YTD RETURN AS OF NOV. 30 Cadence Design Systems Inc. 70.1% Panasonic Holdings Corp. 23.1% Tesla Inc. 94.9% Intel Corp. 73.1% These last three stocks may fall into the category of bargains for buy-and-hold investors, as renewable energy companies have been in a slump but may have a bright future.First Solar Inc.
5.3% Sunrun Inc. -46.3% Orsted A/S -46.9% 1. Cadence Design Systems Inc. (CDNS)provides software, hardware and intellectual property used to design electronic systems…
Trends including artificial intelligence and autonomous driving are fueling electronic design activities and demand for the company's products.
2. Panasonic Holdings Corp. (OTC: PCRFY)This Japanese multinational electronics company is focused on its automotive battery business. It's also involved in green hydrogen, which, unlike the majority of hydrogen produced today, is made with renewably produced electricity instead of fossil fuels…
Although Panasonic's stock took a big dip in October, it has been recovering and is now up 23.1% year to date as of Nov. 30.
3. Tesla Inc. (TSLA)this company is the world's biggest EV manufacturer based on its market capitalization of about $758 billion.
During the third quarter, the company produced more than 430,000 electric vehicles and delivered more than 435,000.
Its revenue grew by 9% on increased vehicle deliveries and growth in other parts of the business. But its net income dropped 44%, in part because of increased operating expenses connected with its Cybertruck and artificial intelligence projects and lower average selling prices.
3. Intel Corp. (INTC)This semiconductor company scores highly on governance and overall ESG metrics in the 2023 JUST Capital ESG rankings…
The company also ‘commits to an independent and diverse board governed by 90% independent directors and led by an independent board chair,’ JUST Capital says.
4. First Solar Inc. (FSLR)Solar and wind companies have been hit by inflation… [and] rising interest rates…
First Solar's shares are down 8.5% over the past 12 months, but they have begun to rebound.
In addition to being a renewable energy company, First Solar's ESG chops include that it uses cadmium telluride technology for its solar cells in a process that has a smaller carbon footprint than that of other manufacturers who use polysilicon. Additionally, First Solar isn't reliant on Xinjiang, a polysilicon-producing region in China where the U.S. says Muslim minorities are forced to work against their will.
5. Sunrun Inc. (RUN)This photovoltaic solar and battery storage company hasn't fared as well as First Solar… Its shares are down about 46% year to date as of Nov. 30.
But the clouds may part for the stock. According to Stock Analysis, the average 12-month price forecast from 22 stock analysts for Sunrun is $24.95, or roughly double where shares are trading now.
During the third quarter, the company added nearly 34,000 customers, a 19% increase year on year.
Also, Sunrun is shifting its focus to installing more storage systems, which have better margins than solar panels.
6. Orsted A/S (OTC: DNNGY)which is the largest offshore wind developer in the world, has certainly been facing headwinds. Its shares are down 46.9% so far in 2023.
In addition to having trouble with inflation and rising interest rates, Orsted has been hit by supply chain disruptions, especially in the U.S…
The company has had to cancel plans for two U.S. offshore wind projects as tax credit and construction permit issues also hampered the plans. But it is continuing with a third.
In the long run, the U.S. is relying on offshore wind farms to help power coastal cities, and Orsted is well positioned if industry dynamics change.”
End quotes.
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3) Analysts' Impact, ESG, and Healthcare Stock, PicksA favorite sector for ethical and sustainable investors is healthcare. So, I thought this article would interest many of you. It’s titled 3 healthcare companies whose social impact is the key to financial performance. It’s by Faizan Farooque and seen on equities.com. Here are some brief quotes.
“1. Abbott Laboratories (ABT)which emphasizes patient-focused healthcare.
2. Johnson & Johnson (JNJ)which is dedicated to achieving net zero carbon emissions and prioritizing environmental health equity.
3. UnitedHealth Group (UNH)which focuses on ‘zero distance’ from patients.
Central to these companies’ ethos is the focus on patient-centric healthcare… This patient-first approach is often complemented by green healthcare technology, ensuring that advancements in health solutions also consider environmental sustainability.”
End quotes.
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4) Analysts' Impact, ESG, and Healthcare Stock, PicksFrom another potentially profitable perspective, we have this article titled Investing in the Circular Economy: 3 Sustainable Stocks. It’s by Will Ashworth and seen on investorplace.com. Here are some key quotes from the article.
“I’m selecting my three sustainable stocks from the holdings of a Canadian mutual fund — the IA Clarington Inhance Global Equity SRI Class (CCM5010.CF).
1. LVMH (OTCMKTS:LVMUY)is the 8th-largest holding of the mutual fund…
‘The percentage of women in key positions at LVMH [grew] from 23% to 45% between 2007 and 2022,’ Bloomberg reported earlier this year. Even better, 65% of its executives and managers are women.
2. Costco (NASDAQ:COST)is the 17th-largest holding…
As for the 15 United Nations Sustainable Development Goals (SDGs), the company has committed to the ones that most closely align with its business.
3. Autodesk (NASDAQ:ADSK)is the 23rd-largest holding...
Autodesk provides cloud-based and desktop software products that help companies design and make things. Businesses using its products include architecture, engineering, construction, media, entertainment and manufacturing…
From a sustainability standpoint, Autodesk believes its software products help construction-related businesses save time, energy and costs while reducing waste and carbon emissions.” End quotes.
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Other Honorable Mentions – not in any order.1) Title: 3 Top-Rated ESG Stocks That Analysts Are Loving Now on investorplace.com. By Steve Booyens.
2) Title: You Don't Have to Pick a Winner in Clean Energy. Here's Why. On fool.com. By Travis Hoium.
3) Title: Harness the Sun: 3 Must-Own Stocks in the Solar Industry on investorplace.com. By Rick Orford.
4) Title: Green Energy Innovators: 3 Stocks Leading the Sustainable Revolution on investorplace.com. By Steve Booyens.
5) Title: 3 Wind Stocks to Buy for a Sustainable and Profitable Future on investorplace.com. By Rick Orford.
6) Title: Best Clean Energy Stocks — December, 2023 on cleantechnica.com. By Carolyn Fortuna.
7) Title: Green Technology Stocks That Look Cheap on morningstar.com. By Muskaan Hemrajani.
8) Title: America's Most Responsible Companies 2024 on newsweek.com. Cover article by Nancy Cooper.
9) Title: The 3 Most Undervalued Renewable Energy Stocks to Buy in December on investorplace.com. By Chandler Capital.
UK Articles1) Title: The sustainable global funds so good they’re worth adding ahead of mainstream funds on trustnet.com. By Emma Wallis.
2) Title: Our Pick Of The Best Ethical Stocks And Shares ISAs on .forbes.com/uk/. By Jo Thornhill and Kevin Pratt.
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Ending CommentWell, these are my top news stories with their stock and fund tips -- for this podcast titled: “Analysts' Impact, ESG, and Healthcare Stock, Picks.”
Now, please be sure to click the like and subscribe buttons on Apple Podcasts, Google Podcasts, or wherever you download or listen to this podcast. That helps bring these podcasts to others like you.
And please click the share buttons to share this podcast with your friends and family. Let’s promote ethical and sustainable investing as a force for hope and prosperity in these very troubled times!
Contact me if you have any questions.
Thank you for listening.
And, again, please look at my new totally revised website at investingforthesoul.com. Tell me what you think!
Please note that I’m taking a break over the holidays so my next podcast will be Friday, January 12th, 2024!
Have a wonderful time over the holidays.
Bye for now.
© 2023 Ron Robins, Investing for the Soul
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Great ESG Fashion, Infrastructure, and Clean Energy Stocks and Funds! covers an unusually diverse range of ESG stocks and funds.
Transcript & Links, Episode 119, December 1, 2023
Hello, Ron Robins here. So, welcome to this podcast episode 119 titled “Great ESG Fashion, Infrastructure, and Clean Energy Stocks and Funds.” 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 6 article links below that time didn’t allow me to review them here.
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1. Great ESG Fashion, Infrastructure, and Clean Energy Stocks and Funds!In this podcast, I’m going to cover a few articles with some unusual ESG and sustainable stock recommendations. The first article is titled 3 Sustainable Fashion Stocks Set to Redefine the Industry. It’s by Muslim Farooque and found on investorplace.com. Now some quotes from Mr. Farooque.
“In the realm of the clothing sphere, notorious for its environmental footprint, a transformation is underway. Global brands that are typically part of the problem are now passionately championing the cause of sustainable fashion.
1) Tapestry (NYSE:TPR)is the parent company behind popular luxury brands in Coach, Kate Spade, and Stuart Weitzman.
Tapestry’s commitment to sustainability is evident in its ‘Fabric of Change’ ESG strategy. According to its 2022 sustainability report, the company aims to reduce greenhouse gas emissions by 42.5% by 2030, targeting net zero by 2050. Tapestry’s social responsibility efforts include aligning executive compensation with equity, inclusion, and diversity goals. These dual focuses on financial performance and sustainability make Tapestry a compelling choice for investors targeting long-term growth and corporate responsibility.
2) PVH (NYSE:PVH)housing popular brands like Calvin Klein and Tommy Hilfiger, is one of the most noteworthy players sustainably and ethically. PVH’s ‘Forward Fashion’ strategy represents an active transformation. Further, it focuses on climate action, human rights, and diversity, incorporating a comprehensive climate risk scenario analysis. The company has achieved 60% renewable energy usage in its facilities…
PVH is deeply invested in social equity by launching a global mentorship program focusing on diversity… This balance of solid financials marked by impressive profitability metrics and a steadfast commitment to sustainability and diversity makes PVH a standout in the apparel sphere.
3) Lululemon (NASDAQ:LULU)is a renowned athletic apparel maker, making remarkable strides in both financial performance and sustainable business practices…
Lululemon’s shares are soaring in value lately, approaching an all-time peak as it joins the prestigious S&P 500 index…
In tandem with its financial achievements, Lululemon is ardently pursuing its ‘Impact Agenda’, committed to sustainability and equitable business operations. The company aims to achieve full diversity and pay equity within the next couple of years. This proves their commitment to the well-being of over 100,000 supply chain workers…
Recently, it pledged a $75 million investment towards global social impact by 2025 while setting ambitious targets. The first is ensuring 100% sustainable materials in their products by 2030 and achieving 75% by 2025. Moreover, it is committing to… reducing carbon emissions in its supply chain by 60% by 2030.
Therefore, its dual focus on solid financial growth and impactful sustainability initiatives positions Lululemon as a leader in both the business and environmental spheres.” End quotes.
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2. Great ESG Fashion, Infrastructure, and Clean Energy Stocks and Funds!Now many investors will consider infrastructure stocks in their portfolios. So, this article caught my attention. It’s titled 3 Infrastructure Stocks to Buy as They Build the Future. The author is Noah Bolton and found on nasdaq.com. Here are some quotes from the article.
“1) Fluor (NYSE:FLR)is a construction company based in Irving, Texas. They engage in energy markets, including decarbonization, renewable fuels and nuclear power. They also serve the oil and gas industries and provide management services for the industrial, information technology and healthcare industries…
Year-to-date, their share price has risen 12%. They are a solid infrastructure company with strong fundamentals, and having multiple segments of its business offers diversification within one company.
2) Limbach Holdings (NASDAQ:LMB)is a building solutions business based in Warrendale, Pennsylvania. They design, fabricate, install and provide maintenance for electrical, plumbing, and HVAC systems. Limbach Holdings services hospitals, colleges, laboratories and other facilities.
Over the past year, their share price has increased 300%...
They have a robust balance sheet, which still offers investors projected growth.
3) CECO Environmental (NASDAQ:CECO)located in Dallas, Texas, is a pollution reduction company in industrial air quality and water treatment. CECO designs and manufactures flow control products, expansion joints, dust collectors, filtration systems and other water treatment technology…
CECO Environmental has had a great year so far… and a 78% growth in their stock price within the last year. It’s a great pick for investors looking for companies helping to reduce the effects of climate change and pollution.” End quotes.
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3. Great ESG Fashion, Infrastructure, and Clean Energy Stocks and Funds!Now it’s been a while since I had an article on renewable energy funds, and this one comes from a highly regarded source. It’s titled 10 Clean Energy Funds to Freshen Up Your Portfolio by Alyssa Stankiewicz on morningstar.com. Here’s some of what Ms. Stankiewicz says.
“These funds are well regarded by Morningstar’s analysts and deliver high exposure to climate impact. Data as of October 2023 except for the Morningstar Medalist Rating, which is effective as of September 2023…
*Climate Action Impact Exposure refers to the percentage of each portfolio that is covered by Sustainalytics and determined to be involved in Climate Action impact. End quotes.
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4. Great ESG Fashion, Infrastructure, and Clean Energy Stocks and Funds!And back to a sector that’s top of mind for ethical and sustainable investors with this article titled Unlocking Incredible Solar Energy Potential: 3 Stocks to Invest in Now. It’s by Chandler Capital and found on investorplace.com.
“While large giants like Tesla (NASDAQ:TSLA) and NextEra Energy (NYSE:NEE) have begun paving the way in renewable energy, in this article, we wanted to highlight three more hidden gems with the potential to be the next dominant leader in the solar energy space.
1) Enphase Energy (NASDAQ:ENPH)is the world’s leading supplier of game-changing micro-inverter technology. With 765 patents globally and a customer base across over 145 different countries, Enphase Energy finds itself ahead of the competition in solar innovation. In fact, Yahoo Finance analysts estimate it will trade around at a one-year price average of $116.09.
2) First Solar (NASDAQ:FSLR)is one of the leading providers of solar panels and utility-scale power scales as the company continues to pave the next generation of solar technology. Yahoo Finance analysts estimate it will trade within a one-year price range of $157.56 to $326, averaging at around $232.34.
3) Altus Power (NYSE:AMPS)is a prominent player in the energy sector, contributing to the shift to solar energy through managing commercial and community-wide solar facilities.
Altus Power just recently revealed its new Atlus IQ, an AI-powered cloud-based tool that gives insights on energy usage and generates solar savings. From real-time monitoring and solutions to comprehensive reports and seamless portfolio integration, Atlus IQ will only accelerate Atlus Power’s growth.” End quotes.
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5. Great ESG Fashion, Infrastructure, and Clean Energy Stocks and Funds!Continuing on the renewable energy theme is this post titled The 3 Most Undervalued Renewable Energy Stocks to Buy: November 2023. It was written by Faisal Humayun and seen on investorplace.com. Here are some brief comments on each of his picks.
“These are the undervalued renewable energy stocks to buy for robust returns
First Solar (FSLR)Positioned for accelerated growth as new facilities are operational and I expect margin expansion to sustain.
Plug Power (PLUG)Even with financing challenges coupled with doubts on execution capabilities, PLUG stock is deeply oversold.
SolarEdge (SEDG)Operating losses are a concern, but there is ample scope for growth in emerging markets in the coming years”.
End quotes.
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7 Dividend Stocks With Good ESG ScoresIn this next article titled 7 Dividend Stocks With Good ESG Scores – will appeal to many investors. It’s by Jeff Reeves and discovered on money.usnews.com. Some quotes and a table follow.
“According to the Dow Jones Sustainability World Index, which utilizes S&P Global's ESG Scores, the following seven stocks all are among the top 10% of corporations globally based on ESG scores. They also are all more than $40 billion in market value, showing they can achieve these social goals at scale.
ESG STOCK S&P GLOBAL ESG SCORE TRAILING DIVIDEND YIELD at Nov. 15 close ASML Holding NV (ticker: ASML) 82 1.2% AstraZeneca PLC (AZN) 78 2.3% Hilton Worldwide Holdings Inc. (HLT) 64 0.4% Microsoft Corp. (MSFT) 55 0.9% Toyota Motor Corp. (TM) 43 2.3% UnitedHealth Group Inc. (UNH) 65 1.3% Visa Inc. (V) 61 0.8% 1) ASML Holding NV (ASML)Dutch semiconductor company ASML… is head and shoulders above its peers when it comes to ESG metrics. By 2030, ASML aims to send zero waste from operations to landfills or incinerators… It also has invested heavily in a diverse global workforce.
2) AstraZeneca PLC (AZN)U.K.-based Big Pharma giant AstraZeneca stands out as a worldwide leader in environmental, social justice and corporate governance programs… It also has roughly 50% female representation on its board, and has already achieved a roughly 60% reduction in greenhouse gas emissions between 2015 and 2022.
3) Hilton Worldwide Holdings Inc. (HLT)Hilton stands out as a leader in the corporate world thanks to its broad-based approach to ESG… The organization is also focused on world-class standards for sustainable sourcing and human rights in every area where it operates around the globe.
4) Microsoft Corp. (MSFT)is regularly among the most-respected corporations in the world as measured by ESG criteria. Just a few features of its policies include plans to be carbon negative by 2030 and to be a zero-waste organization by that same year.
5) Toyota Motor Corp. (TM)What makes Toyota an ESG leader is its actions outside of the showroom, guided by principles of environmentalism and social justice. For instance, in North America the automaker recycled 93% of waste materials in fiscal year 2022. And this year, its key Long Beach port is exclusively using 100% of electricity from renewable sources.
6) UnitedHealth Group Inc. (UNH)Insurance giant UnitedHealth is among one of the most progressive organizations on Wall Street when it comes to ESG measures. On the social justice side, the firm has committed to investing $100 million to create a new philanthropic program and partnerships that will measurably advance a diverse health workforce by 2033. UnitedHealth also plans to invest and source 100% of its global electricity demand with renewable sources by 2030.
7) Visa Inc. (V)Payments processing giant Visa is committed to achieving net-zero emissions by 2040… What is noteworthy is its other ESG efforts, including a push to increase the number of individuals from historically underrepresented groups at the vice president level and above to 50% by the end of 2023.” End quotes.
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Other Honorable Mentions – not in any order.1) Title: 3 ESG Stocks to Profit While Making a Positive Impact on investorplace.com. By Marie Brodbeck.
2) Title: The Future Is Green: 3 Must-Have Renewable Energy Stocks for 2024 on investorplace.com. By Rick Orford.
3) Title: What is Impact Investing and 7 Companies That are Transforming the Future on finextra.com. By Shoshana Weizenblut.
4) Title: 3 Alternative Energy Stocks to Power Up Your Profits on investorplace.com. By Larry Ramer.
5) Title: The Ethical Investor: Buy this kind of mining stock if you love both profit and the environment on stockhead.com.au. By Eddy Sunarto.
6) Title: 11 Best Halal Dividend Stocks To Buy on yahoo.com. By Vardah Gill.
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Ending CommentWell, these are my top news stories with their stock and fund tips -- for this podcast titled: “Great ESG Fashion, Infrastructure, and Clean Energy Stocks and Funds!”
Now, please be sure to click the like and subscribe buttons on Apple Podcasts, Google Podcasts, or wherever you download or listen to this podcast. That helps bring these podcasts to others like you.
And please click the share buttons to share this podcast with your friends and family. Let’s promote ethical and sustainable investing as a force for hope and prosperity in these very troubled times!
Contact me if you have any questions.
Thank you for listening.
And, again, please look at my new totally revised website at investingforthesoul.com. Tell me what you think!
Talk to you next on December 15th!
Bye for now.
© 2023 Ron Robins, Investing for the Soul
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Impact, Solar, and ESG Stock Buys. Stocks to buy and hold. Stocks making social change. Undervalued solar stocks. And more…
Podcast: Impact, Solar, and ESG Stock Buys
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 PolyEarthyleneTM 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.”
Now, please be sure to click the like and subscribe buttons on Apple Podcasts, Google Podcasts, or wherever you download or listen to this podcast. That helps bring these podcasts to others like you.
And please click the share buttons to share this podcast with your friends and family. Let’s promote ethical and sustainable investing as a force for hope and prosperity in these very troubled times!
Contact me if you have any questions.
Thank you for listening.
And, again, please look at my new totally revised website at investingforthesoul.com. Tell me what you think!
Talk to you next on December 1st!
Bye for now.
© 2023 Ron Robins, Investing for the Soul
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The Best ESG Stocks for Potential Gains. Includes 2023 ranking of best ESG companies and best solar and renewable stocks.
Transcript & Links, Episode 117, November 3, 2023
Hello, Ron Robins here. So, welcome to this podcast episode 117 titled “The Best ESG Stocks for Potential Gains.” 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 3 article links below that time didn’t allow me to review them here.
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1) The Best ESG Stocks for Potential GainsI’m beginning with this article titled 13 Best ESG Stocks To Buy Now by Syed Ijaz seen on finance.yahoo.com. Here’s some of what Mr. Ijaz has to say.
“We selected 40 companies from the Vanguard ESG U.S. Stock ETF (ESGV) and iShares ESG Aware MSCI EAFE ETF (ESGD). We then picked the largest companies in terms of capitalization and then ranked them based on Insider Monkey’s database of 910 hedge funds tracked at the end of Q2 this year…
13. JPMorgan Chase & Co. (NYSE:JPM)Number of Hedge Fund Holders: 106
In 2022, JPMorgan Chase financed and facilitated about $197 billion in climate, community development and sustainable development projects and initiatives.
12. Adobe Inc. (NASDAQ:ADBE)Hedge Fund Holders: 109
The company has developed and implemented ESG initiatives over the years… The company thoroughly focuses on its diversity, equity and inclusion activities.
11. UnitedHealth Group Incorporated (NYSE:UNH)Hedge Fund Holders: 111
UnitedHealth Group is a part of the National Academy of Medicine’s Action Collaborative on Decarbonizing the US Health Sector and expects to reach operational net-zero target by 2035.
10. Netflix, Inc. (NASDAQ:NFLX)Hedge Fund Holders: 114
In terms of ESG, the firm plans to halve its emissions by 2030.
9. Salesforce, Inc. (NYSE:CRM)Hedge Fund Holders: 122
In its fiscal 2023 ESG report, the California-based company said that it maintained net zero residual emissions and provided more than $82 million as grants and donations to partners and communities globally.
8. Apple Inc. (NASDAQ:AAPL)Hedge Fund Holders: 135
By 2030, the technology giant expects to manufacture all products carbon neutral.
7. Mastercard Incorporated (NYSE:MA)Hedge Fund Holders: 139
It intends to reach net-zero emissions by 2040 and support its suppliers' decarbonizing strategies.
6. Alphabet Inc. (NASDAQ:GOOG)Hedge Fund Holders: 152
Alphabet has planned to commit to net-zero emissions throughout all of its operations and value chain by 2030.
5. Visa Inc. (NYSE:V)Hedge Fund Holders: 171
Starting in 2020, Visa achieved carbon neutrality throughout its operations and transitioned to 100% renewable electricity.
4. NVIDIA Corporation (NASDAQ:NVDA)Hedge Fund Holders: 175
NVIDIA has set a target to achieve and maintain 100% renewable electricity across its operations and data centers by fiscal 2025.
3. Meta Platforms, Inc. (NASDAQ:META)Hedge Fund Holders: 225
In its 2023 sustainability report, Meta’s Vice President of Data Center Strategy Rachel Peterson said that the firm is moving towards the goals of net zero emissions throughout the value chain and becoming water positive across its operations, anticipating to attain both of these benchmarks in 2030.
2. Amazon.com, Inc. (NASDAQ:AMZN)Hedge Fund Holders: 278
The company intends to achieve net-zero carbon emissions by 2040 and empower its operations with 100% renewable energy by 2025.
1. Microsoft Corporation (NASDAQ:MSFT)Hedge Fund Holders: 300
By 2030, Satya Nadella-led Microsoft Corporation expects to be carbon negative and by 2050, it intends to eliminate its emissions.”
End quotes.
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2) The Best ESG Stocks for Potential GainsNext, we have this great ESG ranking. The article is titled IBD's 100 Best ESG Companies For 2023. It’s by Adam Shell on investors.com. This is some of what Mr. Shell has to say.
“Topping the list this year is Microsoft (MSFT). Applied Materials (AMAT) took second place. In third place is Woodward (WWD).
Best ESG Companies Methodology
To build the 2023 100 Best ESG Companies list, we started with each company's ESG sustainability score created by Dow Jones Newswires, an IBD affiliate. These scores capture a broad spectrum of information on the ESG profile of more than 6,000 global companies.
On Aug. 24, IBD asked Dow Jones for an ESG-scored list of all the U.S.-traded companies it tracks, a total of 2,067. We then cut the list to 1,559 companies on Aug. 25 by removing nonpublic companies and companies with stock prices below $10 a share. We also removed any companies that lacked sufficient data to create an IBD Composite Rating.
We further qualified the list by removing those companies that did not meet or beat the S&P 500 in the past five years. [From which] We selected the 100 with the highest IBD Composite Rating — all with scores of 81 or better.” End quotes.
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3) The Best ESG Stocks for Potential GainsNow we have another similarly titled to the first article above. This article is titled 13 Best Solar Energy Stocks To Invest In Heading Into 2024. It’s by Ramish Cheema and found at finance.yahoo.com. Here are some of the points Mr. Cheema made.
“To compile our list of the best solar energy stocks to invest in, we used the top 20 stock picks of the Invesco Solar ETF (NYSE:TAN) that are traded on American stock exchanges and ranked them by the number of hedge funds that had bought the shares as of June 2023 using data from Insider Monkey's database of 910 hedge funds.
13. SunPower Corporation (NASDAQ:SPWR)Number of Hedge Fund Investors: 17
SunPower is an American solar company that sells household solar power devices in the U.S. and in Canada.
12. Atlantica Sustainable Infrastructure plc (NASDAQ:AY)Hedge Fund Investors: 18
Atlantica Sustainable Infrastructure is a global British energy company with a renewable energy division.
11. Altus Power, Inc. (NYSE:AMPS)Hedge Fund Investors: 19
Altus Power is a small utility company that operates solar power generation systems used by both private and industrial users.
10. Sunnova Energy International Inc. (NYSE:NOVA)Hedge Fund Investors: 19
Sunnova Energy International is an American company with more than a thousand megawatts of solar power generation capacity in its portfolio.
9. Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN)Hedge Fund Investors: 20
Maxeon Solar Technologies is a Singaporean pure play solar power hardware firm that makes and sells solar panels.
8. Daqo New Energy Corp. (NYSE:DQ)Hedge Fund Investors: 22
Daqo New Energy is a Chinese semiconductor manufacturer that provides products to solar panel manufacturers.
7. Shoals Technologies Group, Inc. (NASDAQ:SHLS)Hedge Fund Investors: 24
Shoals Technologies is a solar hardware company that sells products used to charge batteries and monitor solar power generation systems.
6. Sunrun Inc. (NASDAQ:RUN)Hedge Fund Investors: 24
Sunrun. is a solar power hardware firm that sells solar panels and energy storage systems.
5. Clearway Energy, Inc. (NYSE:CWEN)Hedge Fund Investors: 29
The firm generates thousands of megawatts of electricity through renewable power plants which include solar facilities
4. Array Technologies, Inc. (NASDAQ:ARRY)Hedge Fund Investors: 32
Array Technologies sells hardware products that enable solar panels to track the Sun’s movements.
3. SolarEdge Technologies, Inc. (NASDAQ:SEDG)Hedge Fund Investors: 43
SolarEdge Technologies is a backend solar power firm that sells inverters and other associated products.
2. Enphase Energy, Inc. (NASDAQ:ENPH)Hedge Fund Investors: 50
Enphase Energy is one of the largest solar companies in the U.S. It provides micro inverters, batteries, and other solar power products.
1. First Solar, Inc. (NASDAQ:FSLR)Hedge Fund Investors: 51
First Solar sells solar panels to industrial and other large scale users.” End quotes.
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4) The Best ESG Stocks for Potential GainsContinuing on the energy theme is this next article titled 3 Alternative Energy Stocks to Buy Amid Rising Wind Turbine Cost. It’s by Aparajita Dutta and on Nasdaq.com. Here’s some of what Ms. Dutta has to say about her picks.
“1. Constellation Energy Corporation (CEG)Based in Baltimore, MD, the company is the nation's largest producer of carbon-free energy and provides sustainable solutions to homes, businesses and public-sector customers… It currently carries a Zacks Rank #2 (Buy).
2. Crescent Energy Company (CRGY)Based in Fort Worth, TX, the company is an independent oil and natural gas company that acquires, explores, develops, exploits and produces crude oil and natural gas properties… It currently carries a Zacks Rank #2.
3. Enlight Renewable Energy (ENLT)Based in Tel Aviv, Israel, the company provides a renewable energy platform that develops, finances, constructs, owns and operates utility-sale renewable energy projects… It currently carries a Zacks Rank #2.”
End quotes.
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5) The Best ESG Stocks for Potential GainsYes, yet another listing of 13 stocks. This one is titled 13 Best Alternative Energy Stocks To Buy Now. It’s by Faiq Zafar and found on finance.yahoo.com. Her’s part of what Mr. Zafar Has to say.
“To compile our list of the 13 best alternative energy stocks to buy now, we first made a list of the 30 largest alternative energy companies in the world in terms of their market capitalization… The stocks have been ranked based on the number of hedge funds which hold stakes in them.
13. Brookfield Renewable Partners L.P. (NYSE:BEP)Hedge Fund Holdings: 13
As of 2022, Brookfield Renewable Partners owns more than 200 hydroelectric plants, 150 wind farms, more than 600 solar facilities, and four storage facilities across the world.
12. Sunnova Energy International Inc. (NYSE:NOVA)Hedge Fund Holdings: 19
Sunnova Energy International is an American solar energy company which was founded in 2012.
11. Plug Power Inc. (NASDAQ:PLUG)Hedge Fund Holdings: 20
Plug Power is an American company which focuses on the production of hydrogen fuel cell systems which are geared to replace conventional batteries in electrical equipment and vehicles.
10. Daqo New Energy Corp. (NYSE:DQ)Hedge Fund Holdings: 22
Daqo New Energy is a Chinese alternative energy company which focuses on the manufacture of monocrystalline silicon and polysilicon, which is an essential in the production of solar photovoltaic cells.
9. Sunrun Inc. (NASDAQ:RUN)Hedge Fund Holdings: 24
Sunrun is an American company which manufactures photovoltaic systems and battery energy storage products, specifically for residential consumers.
8. Algonquin Power and Utilities Corp. (NYSE:AQN)Hedge Fund Holdings: 29
Algonquin Power and Utilities is a Canadian clean energy and regulated utility conglomerate with multiple assets across the North American continent.
7. SolarEdge Technologies Inc. (NASDAQ:SEDG)Hedge Fund Holdings: 43
SolarEdge Technologies is an Israeli company… the company was one of the first clean energy companies in the world to successfully commercialize power optimizers, small devices placed behind each solar panel to allow for module-level MPPT and panel-level monitoring.
6. Constellation Energy Corp (NASDAQ:CEG)Hedge Fund Holdings: 46
Constellation Energy. is an American energy company which focuses on the production of electric power, natural gas, and energy management services.
5. Enphase Energy Inc. (NASDAQ:ENPH)Hedge Fund Holdings: 50
Enphase Energy is an American energy technology company which produces and manufactures solar micro-inverters, battery energy storage, and EV charging stations.
4. First Solar Inc. (NASDAQ:FSLR)Hedge Fund Holdings: 51
First Solar is an American energy company which focuses on the manufacture of solar panels, and provides utility-scale PV power plants.
3. NextEra Energy Inc. (NYSE:NEE)Hedge Fund Holdings: 59
NextEra Energy is an American energy company. It is the largest electric utilities holding company in the world by overall market capitalization. As of 2022, more than 60% of NextEra’s generating capacity was from clean energy sources.
2. General Electric Co. (NYSE:GE)Hedge Fund Holdings: 71
GE is an American multinational conglomerate which is spread across multiple divisions.
1. Tesla Inc. (NASDAQ:TSLA)Hedge Fund Holdings: 79
Tesla is an American multinational automotive and clean energy company which manufactures electric vehicles, stationary battery storage devices from home to grid-scale, solar panels, and other related products.” End quotes.
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Other Honorable Mentions – not in any order.1) Title: White House Investment Bodes Well for This Clean Energy ETF on etftrends.com. By Ben Hernandez.
2) Title: Union Pacific a Top Socially Responsible Dividend Stock With 2.5% Yield (UNP) seen on nasdaq.com. By BNK Invest.
3) Title: Top 10: Renewable Energy Companies in the USA on Energy Magazine energydigital.com. By Charlie King.
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Ending CommentWell, these are my top news stories with their stock and fund tips -- for this podcast titled: “The Best ESG Stocks for Potential Gains.”
Now, please be sure to click the like and subscribe buttons on Apple Podcasts, Google Podcasts, or wherever you download or listen to this podcast. That helps bring these podcasts to others like you.
And please click the share buttons to share this podcast with your friends and family. Let’s promote ethical and sustainable investing as a force for hope and prosperity in these very troubled times!
Contact me if you have any questions.
Thank you for listening.
And, again, please look at my new totally revised website at investingforthesoul.com. Tell me what you think!
Talk to you next on November 17th!
Bye for now.
© 2023 Ron Robins, Investing for the Soul
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Top Global Renewable Energy Stocks. Plus great Australian ESG stocks, and the best global ethical banks ‘leading the ESG revolution’
Transcript & Links, Episode 116, October 20, 2023
Hello, Ron Robins here. So, welcome to this podcast episode 116 titled “Top Global Renewable Energy Stocks.” 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 2 article links below that time didn’t allow me to review them here.
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Top Global Renewable Energy StocksI’m beginning this podcast with an article on likely your favorite industry. The article is titled Top 20 Renewable Energy Companies in the World. It’s by Sobiya Fahad and found on finance.yahoo.com. Here’s some of what Mr. Fahad says about these stocks.
“To determine the top renewable energy companies we have included information regarding market capitalization, generating capacity, and number of employees for each company… We have ranked the companies based on their market capitalization.
20. Canadian Solar (NASDAQ:CSIQ)Market Capitalization (Billion USD): $1.50
Generating Capacity (GW): 19 GW
No. of Employees: 13,487
Specializing in the design and manufacturing of solar photovoltaic modules… Canadian Solar serves customers in over 160 countries.
19. Jinko Solar Holding Co. Ltd. (NYSE:JKS)Market Capitalization (Billion USD): $1.51
Generating Capacity (GW): 32.5 GW
No. of Employees: 31,030
Jinko Solar boasts customers throughout the US, Europe, Asia, Africa, and Latin America. The Chinese solar energy company manufactures and sells solar products such as silicon ingots, wafers, cells, and modules and provides solar system integration services.
18. Plug Power Inc (NASDAQ:PLUG)Market Capitalization (Billion USD): $3.93
Generating Capacity (GW): 2.5 GW
No. of Employees: 3,353
Plug Power, a crucial player in the hydrogen fuel cell sector, is one of the best renewable energy companies in the world… the company has partnered with major corporations such as Amazon, Walmart, and Home Depot to deploy its fuel cell technology in over 40,000 vehicles worldwide.
17. Suzlon Energy (NSE:SUZLON)Market Capitalization (Billion USD): $4.29
Generating Capacity (GW): 20 GW
No. of Employees: 5,800
One of India's top renewable energy companies, Suzlon Energy, develops, manufactures, sells, and installs wind turbines and solar panels… with operations in over 30 countries.
16. Siemens Gamesa Renewable Energy SA (NASDAQ:GCTAF)Market Capitalization (Billion USD): $12.93
Generating Capacity (GW): 12 GW
No. of Employees: 27,604
Siemens Gamesa is a global leader in renewable energy and offers a diverse range of equipment and services for onshore and offshore wind turbines, turbine gearboxes, and off-grid systems.
15. Brookfield Renewable Partners (NYSE:BEP)Market Capitalization (Billion USD): $13.47
Generating Capacity (GW): 31 GW
No. of Employees: 3,400
Based in Canada but operating global projects, Brookfield Renewable owns and operates… hydroelectric, wind, solar, distributed generation, and storage facilities.
14. Enphase Energy (NASDAQ:ENPH)Market Capitalization (Billion USD): $15.57
Generating Capacity (GW): 7.8 GW
No. of Employees: 2,821
With expertise in designing and manufacturing solar micro-inverters, battery energy storage, and EV charging stations for residential customers, Enphase Energy, Inc. has made a name for itself in the American renewable energy sector.
13. First Solar (NASDAQ:FSLR)Market Capitalization (Billion USD): $16.15
Generating Capacity (GW): 6.5 GW
No. of Employees: 5,500
First Solar is an American solar technology company and global provider of responsibly produced, eco-efficient solar modules advancing the fight against climate change.
12. Adani Green (NSE:ADANIGREEN)Market Capitalization (Billion USD): $18.51
Generating Capacity (GW): 8.3 GW
No. of Employees: 500
Adani Green Energy Limited is an Indian renewable energy company, which develops, builds, owns, operates, and maintains utility-scale grid-connected solar and wind farm projects, with a current project portfolio of 20,434 MW.
11. Orsted A/S (CPH:ORSTED)Market Capitalization (Billion USD): $20.51
Generating Capacity (GW): 15.1 GW
No. of Employees: 6,836
Orsted A/S, a global leader in offshore wind, has established wind farms in… the UK, the US, Germany, and Taiwan… The company aims to achieve carbon neutrality by 2025 and demonstrates its unwavering commitment to environmental stewardship.
10. Vestas (CPH:VWS)Market Capitalization (Billion USD): $21.25
Generating Capacity (GW): 13.1 GW
No. of Employees: 29,427
The Danish wind energy company… is one of the top renewable energy companies globally.
9. Constellation Energy Corporation (NASDAQ: CEG)Market Capitalization (Billion USD): $33.73
Generating Capacity (GW): 33 GW
No. of Employees: 13,370
Constellation Energy is an energy company based in Baltimore… The company strives to provide a diverse range of energy services, including electricity, nuclear, and natural gas, to businesses, residents, and public sector customers.
8. Exelon Corp (NASDAQ:EXC)Market Capitalization (Billion USD): $36.87
Generating Capacity (GW): 31 GW
No. of Employees: 19,063
Exelon Corporation is a leading American energy company. The company has a portfolio of renewable energy assets that includes wind, solar, and nuclear power.
7. ELECTRICITE DE FRANCE (NYSE:EDF)Market Capitalization (Billion USD): $56.09
Generating Capacity (GW): 3.6 GW
No. of Employees: 171,490
Known for its generation, transmission, distribution, supply, trading and provision of energy services, Electricite de France SA (EDF) is a comprehensive energy company. It produces electricity from various sources, including nuclear, hydroelectric, gas, fuel oil, coal, and renewable energy.
6. Enbridge (NYSE:ENB)Market Capitalization (Billion USD): $67.26
Generating Capacity (GW): 5.18 GW
No. of Employees: 11,100
Enbridge Inc., headquartered in Calgary, Alberta, Canada, owns and operates a vast network of pipelines across North America, transporting crude oil, natural gas, and natural gas liquids. The company also generates renewable energy.
5. Iberdrola SA (BME:IBE)Market Capitalization (Billion USD): $68.12
Generating Capacity (GW): 41.25 GW
No. of Employees: 38,702
Iberdrola is a Spanish multinational electric utility company… It specializes in clean energy, such as onshore and offshore wind, pumped hydro, solar photovoltaic, and battery storage.
4. Equinor (NYSE:EQNR)Market Capitalization (Billion USD): $93.84
Generating Capacity (GW): 18.5 GW
No. of Employees: 22,000
A Norwegian multinational energy company, Equinor, has a growing presence in renewable energy. The company has set a goal of becoming net-zero by 2050.
3. NextEra Energy (NYSE:NEE)Market Capitalization (Billion USD): $106.81
Generating Capacity (GW): 58 GW
No. of Employees: 15,300
NextEra’s diversified energy company generates and sells electricity wholesale to retail and municipal electricity providers, industrial corporations, and power cooperatives. It invests heavily in renewable energy.
2. General Electric (NYSE:GE)Market Capitalization (Billion USD): $117.28
Generating Capacity (GW): 60 GW
No. of Employees: 172,000
GE is one of the largest American multinational corporations and a Fortune 500 company. GE operates in multiple industries, including healthcare and aviation, but is best known for its power and renewable energy innovations.
1. Tesla (NASDAQ:TSLA)Market Capitalization (Billion USD): $782.48
Generating Capacity (GW): 6.9 GW
No. of Employees: 127,855
Tesla Energy Operations, Inc. is the renewable energy division of Tesla, Inc. that develops, manufactures, sells, and installs photovoltaic solar energy generation systems, battery energy storage products, and other related products and services to residential, commercial, and industrial customers.”
End quotes.
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Three Australian ESG stocks worth watchingThis next article is from Australia, but features stocks that non-Australians might also like to consider for their portfolios. It’s titled Three ESG stocks worth watching and is by Grady Wulff. It’s seen on moneymag.com.au. Here’s some of what Mr. Wulff says about his picks.
“1. Woolworths (ASX:WOW)The supermarket giant has taken significant ESG actions from both environmental and social perspectives such as replacing its petrol-fuelled delivery fleet with electric vehicles to reduce carbon emissions and the launch of Mini Woolies, a program supporting the education and skills of young Australians with disabilities…
The dilution of Woolworths' association with gambling, alcohol and tobacco was a major step in achieving the company's ESG goals.
Morgans recently upgraded Woolworths to a buy rating while Citi and UBS also have respective buy ratings on the supermarket giant on the back of strong FY23 results, particularly earnings growth in Australian Food.
2. Perpetual (ASX:PPT)The Perpetual Private Investment research team is accountable for the Responsible Investment related reporting and reviewing of all Perpetual Private portfolios which includes ensuring that all ESG factors are appropriately considered throughout the entire investment process…
Furthermore, Perpetual offers thematic investing options that enable clients to align their portfolios with ESG elements that resonate most with their objectives.
The global financial services firm is also a signatory to the United Nations-supported Principles for Responsible Investment (UNPRI) to incorporate ESG issues into all investment analysis and decision making.
3. Transurban Group (ASX:TCL)Operates a diversified suite of Australian toll road assets and toll roads in Northern Virginia in the United States, has also been a popular investment choice among investors and brokers for its ESG commitments.
Transurban boasts ESG-related awards and recognition from the Workplace Gender Equality Agency of Australia, Equileap and the Ethibel socially responsible investment register. It's also had an MSCI ESG Rating of AAA for the past five years and it became the first ASX20 company to be validated by the Science Based Targets initiative…
UBS and Macquarie both have buy ratings on Transurban and the company's shares are up 16% over the last five years. In the recent high inflationary environment companies like Transurban have been the beneficiaries of rising inflation as it has an inflation-linked revenue stream with annual escalators through toll road concessions being inflation-linked.” End quotes.
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2023's Top 10 Ethical Banks Leading the ESG RevolutionNext, I have this article on ethical banks around the world, titled 2023's Top 10 Ethical Banks Leading the ESG Revolution. It’s by Louis Thompsett and found on fintechmagazine.com. Here are some of Mr. Thompsett’s comments.
“10. Lloyd’s BankLloyd’s Bank is enabling its different divisions to build an inclusive society and support the transition to a low-carbon economy.
9. Deutsche BankLeading German financial institution Deutsche Bank places its commitment to the environment in supporting its financing and advising clients on a path to meet the Paris Agreement on Climate Change.
8. DBS BankSingapore’s DBS Bank is the first in the country to sign up for the Net-Zero Banking Alliance, a dedicated alliance to realise a net-zero future by 2050 or sooner.
7. Bank of AmericaOne of the largest national banks in the US, Bank of America has a series of ESG initiatives that make it one of the most important banks when it comes to ESG.
6. BarclaysAnother leading UK bank, Barclays has its own ESG Resource Hub – a central website page of information and disclosures to ensure transparency for analysts, ESG investors, rating agencies, suppliers and other stakeholders.
5. JPMorganOne of the oldest and most successful investment banks, JPMorgan aims to promote sound governance, and serve its customers and communities, all while investing in its employees’ growth and advancing sustainable development.
4. HSBCGlobal banking organisation HSBC manages a robust ESG programme, focusing on sustainability risk, climate strategies, and people and communities – all overseen by its leadership and governance structure.
3. CitiCiti Bank differentiates itself in the ESG space, centralisng ESG as a core part of its business – not issues managed by separate company entities.
2. Standard CharteredLeading bank Standard Chartered offers a robust sustainable investment programme for its clients, which it can tailor to match a company’s personal values.
1. BNP ParibasTop of our list is BNP Paribas, which adopts an ESG-first approach across its investment strategies.” End quotes.
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Articles from the UK1. Title: Which? reveals Britain's greenest banks on which.co.uk. By Chiara Cavaglieri.
2. Title: Sustainable funds to invest in on moneyweek.com. By Holly Thomas.
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Ending CommentWell, these are my top news stories with their stock and fund tips -- for this podcast titled: “Top Global Renewable Energy Stocks.”
Now, please be sure to click the like and subscribe buttons on Apple Podcasts, Google Podcasts, or wherever you download or listen to this podcast. That helps bring these podcasts to others like you.
And please click the share buttons to share this podcast with your friends and family. Let’s promote ethical and sustainable investing as a force for hope and prosperity in these very troubled times!
Contact me if you have any questions.
Thank you for listening.
And, again, please look at my new totally revised website at investingforthesoul.com. Tell me what you think!
Talk to you next on November 3rd!
Bye for now.
© 2023 Ron Robins, Investing for the Soul
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Analysts Like These Stocks in Today’s Markets. Down markets provide stock buying opportunities in some infrastructure and renewable energy stocks.
Transcript & Links, Episode 115, October 6, 2023
Hello, Ron Robins here. So, welcome to this podcast episode 115 titled “Analysts Like These Stocks in Today’s Markets.” 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 here.
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1. Analysts Like These Stocks in Today’s MarketsI’m beginning with this article which reflects the title of this episode. The article is titled These 4 Stocks Will Thrive Even if There’s a Recession. It’s by Nicholas Jasinski and published on barrons.com. Here’s some of what Mr. Jasinski writes.
“A trio of U.S. government programs—the Infrastructure Investment and Jobs Act, the Chips Act, and the Inflation Reduction Act—will help keep the money flowing, come economic rain or shine. Together, the three represent hundreds of billions of dollars in spending and subsidies targeted at upgrading the nation’s roads and bridges, expanding domestic manufacturing of semiconductors, and modernizing the electrical grid, among many other things…
Many of the obvious beneficiaries have already seen their stocks surge in anticipation. Those include the construction and engineering contractors who will be doing a lot of the planning and construction work for the plethora of projects coming up.
Take Sterling Infrastructure (STRL)… a 2023 Barron’s Roundtable pick in January when shares were around $32. The stock has climbed 126% this year, to a recent $74.
Quanta Services (PWR)… the 800-pound gorilla in the space, is up 33% this year and trades for 27 times forward earnings, versus its five-year average of around 16.5 times. Chasing these infrastructure and electrification winners now seems tough, and there may be a better entry point should markets pull back.
Some, though, might be worth considering despite big gains. Daniel Skubiz, a portfolio manager at Ziegler Capital Management, points to
MYR Group (MYRG)… which sits in the sweet spot for the investments that the U.S. government, utilities, and companies are making—recession or not. The stock, up 47% year to date, has been no slouch, and shares trade at a premium multiple of 21 times forward earnings. But that’s well deserved for the builder of large-scale electrical infrastructure, including transmission and distribution power lines, substations, and for a variety of commercial and industrial applications.
Other stocks in the group appear cheaper, and many are small-caps, which as a group have had a tough 2023…
MasTec (MTZ) and Aecom (ACM)… are other construction and engineering companies that have sat out the group’s 2023 rally and are trading at reasonable valuations.
They’re worth a look even if there’s a recession.” End quotes.
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2. Analysts Like These Stocks in Today’s MarketsContinuing along these lines is this video podcast titled These Solar Energy Stocks Have Dropped 60%+ but They May Be Good Buys Now. It’s by Travis Hoium and found on fool.com. Here’s some of what Mr. Hoium says. The stocks he covers are Enphase, SolarEdge, SunPower, and Sunrun.
“Solar energy stocks have had a tough year, despite improving subsidies and technology in the industry. Is a recovery coming?
Solar energy stocks have been on a downward slide all year as interest rates and falling demand hit the industry. In this video, Travis Hoium covers the challenges and opportunities for some solar companies in the future.
*Stock prices used were end-of-day prices of Sept. 20, 2023.” End quotes.
You can find the video by clicking this link https://youtu.be/27BJlOyAtrg
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3. Analysts Like These Stocks in Today’s MarketsAnd we have more on renewable energy in this next article. It’s titled 2 Renewable Energy Stocks That Could Put You in the Green and it’s by Demetris Afxentiou on fool.ca. Now some brief comments by Mr. Afxentiou from his article.
“Clean energy: long-term potential and a healthy yield Innergex Renewable Energy (TSX:INE)… is one of those stocks that go unnoticed by investors. It’s also one of the renewable energy stocks that could bolster your long-term portfolio.
Innergex operates a portfolio of 85 facilities with a generating capacity of over 4,200MW. The company also has a backlog of projects in various stages of development comprising over 9,300MW of capacity. Part of that is because, unlike many other renewable operators, Innergex has taken an aggressive stance on expansion.
Innergex has operations across North America, South America, and Europe. In terms of facilities, Innergex’s portfolio comprises hydro, wind, and solar elements. While its portfolio of facilities also includes battery energy storage systems.
So then, what makes Innergex one of the renewable energy stocks to buy right now?
Despite the company’s aggressive growth and juicy dividend (more on that in a second), Innergex’s stock is down 25% year to date. Some of that drop can be attributed to the rise in interest rates and spill-on effect it has on borrowing.
Still, the company remains a stellar long-term pick that also boasts a healthy 5.89% (dividend), making it a great option for growth and income-seeking investors alike.
(Next) An established name for a great, green investment Brookfield Renewable Partners (TSX:BEP.UN)… is an intriguing option worthy of mention.
Brookfield Renewable currently has operations across 20 countries, boasting a well-diversified portfolio of wind, solar, and hydro facilities across those markets. The stable, if not lucrative, business model that Brookfield and other renewable energy stocks adhere to provides a recurring source of revenue.
That revenue stream is backed by long-term regulated contracts which often span decades. The company is also expecting to continue growing its portfolio through rate increases and expansion.
Turning to income, Brookfield offers investors a juicy 5.22% yield. This fact, along with the expected growth of the renewable energy market alone, makes Brookfield a superb buy-and-forget candidate for almost any portfolio
Throw in the substantial discount on the stock right now, which shows a 30% drop over the trailing 12-month period, and you have a great discounted buy.
Final thoughtsNo investment is without some risk, and that includes the otherwise superb renewable energy stocks noted above. Fortunately, both Brookfield and Innergex have the funds and growth options to not only weather market volatility but continue to grow for years.
In my opinion, one or both would do well as part of any well-diversified portfolio.” End quotes.
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4. Analysts Like These Stocks in Today’s MarketsNow here’s an article that gives good ESG analysis into a stock in almost all ethical and sustainable portfolios -- whether they know it or not. The article is titled Does Coca-Cola's ESG Strategy Make It a Buy for Ethical Investors Seeking Sustainability With Dividends? It’s by Nicholas Robbins – no relation to me – and seen on fool.com.
Here’s some of what Mr. Robbins says.
“Striking the right balance between financial returns and ethical considerations remains a growing concern for many investors. Environmental, social, and governance (ESG) principles can offer a guiding light for ethical investors.
Coca-Cola (KO)… the beverage giant, offers an intriguing proposition in this regard. It's worth a look into whether Coca-Cola's stock provides an appealing choice for investors who prioritize sustainability and responsible corporate practices while seeking stable dividend income.
A beacon of ESG commitmentEssentially, ESG principles are a set of criteria that investors use to evaluate a company's impact on the world. In Coca-Cola's case, this translates into a commitment to reducing its environmental footprint, promoting social responsibility, and adhering to high governance standards. And all of this can impact the company's financial performance.
Coca-Cola's ESG strategy appears deeply embedded in the company's DNA. According to Morningstar Sustainalytics, the company ranks 29th for sustainability in the category of food products, beating out rival PepsiCo, which ranks 39th out of 624 companies.
Sustainability drives profitabilityCoca-Cola's initiatives to reduce plastic use, enhance water efficiency, and improve energy efficiency all have financial benefits…
The company's 2021 sustainability goals included reducing the creation of new plastic from nonrenewable sources by 20% of its 2020 figures over the following five years…Less plastic means less raw material expense and less energy required for production, ultimately resulting in higher profit margins.
Coca-Cola's adoption of ultra-lightweight technology for its packaging, which extends shelf life while saving on packaging costs, provides an excellent example of how sustainability and cost-efficiency can go hand in hand. Such innovations are not just about being environmentally responsible; they make business sense, too…
Water replenishment provides sustainabilityCoca-Cola continues to deliver on its water leadership goals, having replenished more water than it consumed since 2015, according to its 2022 ESG report. This not only aligns with ethical concerns, but also helps ensure the company's long-term viability, as water remains a crucial ingredient in its offerings.
Coca-Cola's water replenishment initiatives, such as the Living Danube Partnership with the World Wildlife Fund, contribute to environmental conservation and secure access to a crucial resource for its operations. This partnership includes efforts to restore water to the Danube River Basin, which covers 10 countries in Eastern Europe, where local wetlands fell to 20% of their historical area, according to the WWF…
Forging a path to net-zero emissionsCoca-Cola, together with its bottling partners, has committed to achieving net-zero greenhouse gas emissions by 2040…
A sustainable dividend can't hurtCoca-Cola's commitment to ESG principles isn't just about doing the right thing; it also presents an enticing prospect for dividend-seeking investors. The company has a remarkable track record of increasing dividends annually for over six decades…
Potential risks and rewardsWhile Coca-Cola's sustainability initiatives appear impressive, there are potential challenges to consider. Continued transition to sustainable practices can involve upfront costs, which may impact short-term profitability. The Living Danube grant, for example, cost the company $4.4 million, not including the costs of establishment and implementation.
Additionally, consumer preferences and regulatory changes can vary over time, potentially affecting product demand and supply chain dynamics. Such shifts can delay or even derail sustainability initiatives. Coke notes the challenge of building better consumer recycling habits have hampered its efforts to meet its World Without Waste goals, which sought to recycle one can or bottle for each one sold by 2030 and have seen little progression to date.
Investors should weigh these factors alongside the benefits of Coca-Cola's sustainable journey when evaluating its long-term investment appeal. Still, Coca-Cola's stock offers new investors a refreshing blend of sustainability and profitability for those who value both their financial and ethical bottom lines.” End quotes.
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Other Honorable Mentions – not in any order1) Title: Can the U.S. Make Solar Panels? This Company Thinks So. On nytimes.com. By Ivan Penn.
2) Title: Faith-Based Investing Gathers Momentum on morningstar.co.uk. By James Gard.
3) Title: Top 10: Renewable Energy Companies on energydigital.com. By Tom Swallow.
4) Title: 15 Climate Tech Companies to Watch in 2023 MIT Technology Review on technologyreview.com.
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Ending CommentWell, these are my top news stories with their stock and fund tips -- for this podcast titled: “Analysts Like These Stocks in Today’s Markets.”
Now, please be sure to click the like and subscribe buttons on Apple Podcasts, Google Podcasts, or wherever you download or listen to this podcast. That helps bring these podcasts to others like you.
And please click the share buttons to share this podcast with your friends and family. Let’s promote ethical and sustainable investing as a force for hope and prosperity in these very troubled times!
Contact me if you have any questions.
Thank you for listening.
And, again, please look at my new totally revised website at investingforthesoul.com. Tell me what you think!
Talk to you next on October 20th!
Bye for now.
© 2023 Ron Robins, Investing for the Soul
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Top Lithium and Hydrogen Stocks. Prepare for a carbon-free future with these lithium and hydrogen stocks. Investors like these socially responsible ESG ETFs and funds.
Transcript & Links, Episode 114, September 22, 2023
Hello, Ron Robins here. So, welcome to this podcast episode 114 titled “Top Lithium and Hydrogen Stocks.” 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 is also 1 article link below that time didn’t allow me to review here.
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1) Top Lithium and Hydrogen StocksNow many ethical and sustainable investors are excited about investing in battery metals, so I thought to begin this podcast with this article. It’s titled What are the top five largest lithium companies in the world? It’s by Joseph Morton and found on mugglehead.com. Here’s some of what he has to say.
“1. Ganfeng Lithium (SZSE: 002460) (SEHK: 1772)Largest lithium salt producer in China, and third in the world
Ganfeng Lithium is a global company specializing in the production of lithium, lithium-based products, various metals and batteries. Established by Li Liangbin in the year 2000, the company is headquartered in Xinyu, Jiangxi, China and operates both domestically and internationally…
With a market capitalization of approximately $35 billion, it holds a significant presence in the lithium industry.
The company doesn’t just have one property, but instead actively engages in overseas investments in lithium companies and projects as part of its strategy to secure long-term competitive resources. The company holds ownership of three lithium brine projects located in Argentina and serves as the largest shareholder of Lithium Americas (TSX: LAC) (NYSE: LAC).
2. Albemarle (NYSE: ALB)World’s largest supplier of lithium for EV
Albemarle Corporation is a U.S.-based specialty chemicals manufacturing company headquartered in Charlotte, North Carolina. The company operates in three main divisions: lithium, bromine specialties, and catalysts…
When it comes to global lithium and lithium storage product production, Albemarle, along with lithium companies SQM Sociedad Quimica y Minr de Chile SA (NYSE: SQM) and Livent Corporation (NYSE: LTHM), collectively account for slightly over half of the total production. Meanwhile, just under half of the world’s lithium supply is produced by various entities within China.
Greenbushes in Western Australia is one of Albemarle’s largest projects. It’s a joint venture mine shared with Talison Lithium, a subsidiary of the Tianqi Lithium Corporation (SZSE: 002466) (SEHK: 9696)…
Albemarle’s market capitalization is roughly $30 billion.
3. SQM (Sociedad Quimica y Minera de Chile SA)Largest lithium producer in the world
(SQM) is a Chilean chemical company renowned for its role as a prominent supplier of plant nutrients, iodine, lithium and various industrial chemicals…
For the fiscal year 2019, SQM reported lithium-related revenues amounting to USD$505 million. Notably, in 2021, the company witnessed a substantial increase in its lithium revenues, reaching a total of USD$936.1 million.
4. Tianqi LithiumControls over 46 per cent of global lithium production
The Tianqi Lithium Corporation hails from Sichuan, China, and operates primarily in mining and manufacturing…
The company has a market cap of approximately $16.5 billion.
5. Mineral Resources (ASX: MIN)Operates two significant properties in Western Australia
In recognition of its significant market presence and capitalization, Mineral Resources earned a coveted spot in the S&P/ASX 50 in June 2022, designating it as one of the 50 largest companies trading on the ASX. Its market capitalization is in the range of $11 billion.
Mineral Resources operates primarily in the iron ore sector, but is also actively engaged in the mining of hard rock lithium, with operations in two significant locations within Western Australia: Mount Marion in the Goldfields and Wodgina in the Pilbara.”
End quotes.
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2) Top Lithium and Hydrogen StocksA second article with a related theme is this one titled EV Stocks vs. Battery Metal: Which Green Investment Should You Choose? It’s written by Adam Othman and seen on fool.ca. Here’s some of what Mr. Othman says.
“1. Lion Electric (TSX:LEV)… is a $559.76 million market capitalization vehicle manufacturer, primarily focusing on the production of electric school buses, trucks, and other commercial vehicles. With little competition in the EV space in Canada, its focus on commercial EVs gives it a niche it can enjoy without competing against industry giants…
That said, it is not a profitable company right now… Despite its small presence, this EV stock can deliver stellar long-term returns as the broader industry grows.
2. American Lithium (TSXV:LI)… is a metals and mining company primarily engaged in the exploration stage. The Canada-based company focuses on acquiring, exploring, and developing lithium deposits.
A small name in the mining industry, it has a $450.78 million market capitalization.
American Lithium stock is not the biggest Canadian lithium stock, but it’s worth watching closely.”
End quotes.
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2 Canadian ESG Stocks for Ethical InvestorsDiversifying internationally is often considered a good idea, hence I bring these articles from Canada, for investors both inside and outside Canada. This article is titled 2 Canadian ESG Stocks for Ethical Investors. It’s by Christopher Liew and also found on fool.ca. These are some comments by Mr. Liew.
“1. Capital Power Corporation’s (TSX:CPX)mission is to provide responsible energy to the world. The $4.7 billion growth-oriented company is well-positioned to support the low-carbon energy system. Its thermal and renewable assets have a combined generating capacity of around 7,500 MW.
On March 13, 2023, Ethisphere named the Edmonton-based power producer one of the World’s Most Ethical Companies for the fifth straight year…
In the first half of 2023, revenue and net income rose 76.9% and 88.7% year over year respectively to $2.1 billion and $370 million. Capital Power has raised dividends for 10 consecutive years and provided dividend growth guidance of 6% annually through 2025. Capital Power pays a hefty 6.12% dividend.
2. Magna International Inc. (TSX:MG)is at the front and centre in the automotive industry’s drive to deliver more electric vehicles (EVs). The Canadian auto parts maker raised its sales forecast for fiscal 2025 because of the sustained, if not increasing, demand for parts, sensors, and electrified powertrain systems.
The $22.8 billion company’s primary goal is to create a better world of mobility and achieve net-zero by 2050. According to its CEO, Swamy Kotagiri, Magna can achieve the target by addressing the emissions in their manufacturing facilities and the entire supply chain…
Magna will use 100% renewable electricity in Europe and globally by 2025 and 2030, respectively…
In the first half of 2023, Magna’s sales rose 14% year over year to US$21.7 billion, while income jumped 128% to US$548 million… Magna also pays a decent 3.06% dividend.” End quotes.
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3) Top Lithium and Hydrogen StocksNow this next article talks about the opportunities in the hydrogen industry. It’s titled These 2 Dividend Stocks Are Investing in This Niche Industry. Should You Do the Same? It’s by James Brumley and found on fool.com. Now here are some quotes from Mr. Brumley.
“Market veterans will likely recall that hydrogen fuel cell stocks like Plug Power (PLUG) and Ballard Power Systems (BLDP) were all the rage at one time. This alternative energy was going to change the world, after all.
And then, nothing happened. As it turns out, the world wasn't quite ready for fuel cells. This industry's stocks have mostly struggled for the past couple of decades.
You might want to put these tickers back on your radar, though. A couple of major oil companies recently made investments in hydrogen-based power solutions, thinking the movement will eventually displace the oil and gas business…
Chevron (CVX) recently acquired a majority stake in a young company called ACES (Advanced Clean Energy Storage) Delta, while BP (BP) just led a wave of funding for Advanced Ionics, which develops energy-efficient electrolyzers that ultimately generate hydrogen, which can then be converted into electricity…
Carmakers are on board, too, and have been for a while. They're ramping up development, and Toyota (TM) is leading the way. With its hydrogen engine technology now well refined, the company hopes to sell 200,000 such vehicles by 2030. If the concept proves successful, look for other automakers to augment their current EVs with yet another alternative to carbon-fuel cars.
Pragma Market Research estimates the world's hydrogen-powered vehicle market will swell from last year's $1 billion to more than $43 billion by 2030…
One hydrogen fuel cell stock to buy nowSo if hydrogen fuel cells and hydrogen power in general are finally moving into the mainstream, which of the related stocks are worth owning? The aforementioned Ballard Power Systems and Plug Power are two tickers at least worth adding to your long-term watch list.
Anyone interested in jumping into the hydrogen power movement at its current stage, however, might do best with…
Bloom Energy (BE)It's not one of the more familiar names in the business, although it arguably should be. It's a $3.5 billion organization, and while not currently profitable, it's nearing that point. In fact, the analyst community is calling for a swing to a per-share profit of $0.39 on revenue growth of 30%. Then things are projected to really start to take off…
Bloom's systems are also readily scalable, meaning their users can fine-tune the amount of power they're producing, and then add or subtract capacity as needed. Its customers include Honda Motor (HMC), Alphabet's Google (GOOG), Walmart (WMT), and IBM (IBM).
The advent of artificial intelligence and the giant data centers it requires is proving a particular boon for Bloom. Although most of its customers only need these fuel cells for backup power now, as hydrogen production initiatives like BP's Advanced Ionics and Chevron's ACES Delta gain traction, don't be surprised to see hydrogen fuel cells evolve into a primary power source…
The only catch with Bloom or its rivals? Buckle up for plenty of continued volatility, and be prepared to hang on to any of these stocks for a while. Hydrogen power is here to stay, but it's hardly on a reliably firm footing yet.” End quotes.
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7 Best Socially Responsible FundsNow our last article brings us back to familiar territory. It’s titled 7 Best Socially Responsible Funds. It’s by Jeff Reeves and found on money.usnews.com. Here is a quote from Mr. Reeves and his picks.
“There are no easy answers when it comes to how to invest in a world like this. But thankfully, there are a group of socially responsible funds out there that try to focus your cash behind some of the better companies and leave out some of the bad actors. It's not perfect, of course, and the goal of most investors remains to make money and not just feel good about their portfolio.
That said, the following investments are well-established and diversified ways to invest with environmental, social and governance priorities in mind – or ESG for short.
FUND ASSETS EXPENSE RATIO iShares ESG Aware MSCI USA ETF (ticker: ESGU) $12.8 billion 0.15% Vanguard ESG U.S. Stock ETF (ESGV) $6.8 billion 0.09% Nuveen ESG Large-Cap Growth ETF (NULG) $1.3 billion 0.26% Nuveen ESG Large-Cap Value ETF (NULV) $1.6 billion 0.26% iShares ESG Aware MSCI EAFE ETF (ESGD) $7.3 billion 0.20% iShares Global Clean Energy ETF (ICLN) $3.5 billion 0.41% Parnassus Core Equity Fund (PRBLX) $27.4 billion 0.82%”End quotes
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One Other Honorable MentionTitle: Solar Power Stocks: The Winners and Losers of 2023 So Far on barrons.com. By Avi Salzman.
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Ending CommentWell, these are my top news stories with their stock and fund tips -- for this podcast titled: “Top Lithium and Hydrogen Stocks.”
Now, please be sure to click the like and subscribe buttons on Apple Podcasts, Google Podcasts, or wherever you download or listen to this podcast. That helps bring these podcasts to others like you.
And please click the share buttons to share this podcast with your friends and family. Let’s promote ethical and sustainable investing as a force for hope and prosperity in these very troubled times!
Contact me if you have any questions.
Thank you for listening.
And, again, please look at my new totally revised website at investingforthesoul.com. Tell me what you think!
Talk to you next on October 6th!
Bye for now.
© 2023 Ron Robins, Investing for the Soul
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Great Sustainable Stock Buys include everything from automakers to waste management to renewable energy stocks. Four articles reviewed, eleven referenced!
Transcript & Links, Episode 113, September 8, 2023
Hello, Ron Robins here. So, welcome to this podcast episode 113 titled “Great Sustainable 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 11 article links below that time didn’t allow me to review them here.
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Great Sustainable Stock Buys - 1The first article reflecting today's theme is titled 3 Sustainable Companies Helping to Solve Global Warming. It’s by Leslie Norton and seen on morningstar.com. Here’s some of what Ms. Norton has to say.
“Zoetis ZTSAbout two thirds of Zoetis’ sales come from the pet business, which has doubled over the past four years… The rest of Zoetis’ sales comes from its livestock-related business…
Morningstar Fair Value Estimate: $170 Morningstar Rating: 3 stars Morningstar Uncertainty Rating: Medium Morningstar Economic Moat Rating: Wide Morningstar Comment: Zoetis enjoys a wide moat and secular tailwinds, notes senior analyst Debbie Wang. Stellantis STLAStellantis is one of the world’s top five automakers, with brands like Chrysler, Peugeot, Jeep, Maserati, and Alfa Romeo… Galvanize Global Equities thinks Stellantis’ profitability can ‘well’ exceed what the market expects, even with the company’s big investments. The stock trades at 1 times earnings, according to Galvanize, creating ‘a compelling entry point’ as the auto industry evolves for the low-emissions era.
Morningstar Fair Value Estimate: $43 Morningstar Rating: 5 stars Morningstar Uncertainty Rating: High Morningstar Economic Moat Rating: None Morningstar Comment: Stellantis’ revenue and profit margins ‘continue to impress,’ notes senior analyst Richard Hilgert. GFL Environmental GFLThis Canadian waste management company services residential, commercial, municipal, industrial, and institutional customers. It is North America’s fourth-largest environmental services company… Recently, GFL announced a series of efforts to boost the capital it will commit to clean technologies and plans to align its executive compensation with climate targets.
Morningstar Quantitative Fair Value Estimate: $36.11 Morningstar Quantitative Rating: 3 stars Morningstar Quantitative Uncertainty Rating: High Morningstar Quantitative Economic Moat Rating: None”End quotes.
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Great Sustainable Stock Buys - 2Now the majority of articles on sustainable companies continue to focus on renewable energy stocks. This is the first of two on that subject covered in today’s podcast. It’s titled Top Solar Stocks for Q3 2023. By Timothy Smith and found on investopedia.com. Here’s some of what Mr. Smith writes.
“1) Best Value Solar StocksThe solar stocks presented in the table below have the lowest 12-month trailing price-to-earnings (P/E) ratio…
Daqo New Energy Corp. (DQ):The Chinese-based company produces ultra-pure polysilicon used in solar cells, modules, ingots, and wafers. The trailing P/E ratio is 2.6.
JinkoSolar Holding Co. (JKS):It offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots… The company reported in August that its second-quarter module shipments increased 36.2% sequentially, and 74.4% from a year earlier. The trailing P/E ratio is 4.9.
Canadian Solar Inc. (CSIQ):It is known for its innovative photovoltaic technology and project development expertise. The trailing P/E ratio is 7.2.
2) Fastest-Growing Solar StocksThe top three solar stocks ranked by a growth model that scores companies based on a 50/50 weighting of their most recent quarterly year-over-year (YOY) percentage revenue growth and most recent quarterly YOY EPS growth…
Canadian Solar:See company description above. EPS Growth 750%. Revenue Growth 36%.
SolarEdge Technologies Inc. (SEDG):Manufactures and sells solar ingots, wafers, cells, modules, and other solar power and battery storage products globally. EPS Growth 681%. Revenue Growth 35%.
Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI):Provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the U.S. EPS Growth N/A. Revenue Growth 155%.
3) Solar Stocks with the Most MomentumThese… solar stocks… have delivered the highest total return over the past year…
First Solar Inc. (FSLR):Provides photovoltaic (PV) solar energy products globally. 12-Month Trailing Total Return 69%.
Array Technologies Inc. (ARRY):Specializes in solar tracking systems for utility-scale projects. 12-Month Trailing Total Return -7.1%.
Shoals Technologies Group Inc. (SHLS):Provides electrical balance of systems (eBoS) products for solar energy projects. 12-Month Trailing Total Return -17.5%.”
End quotes.
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Great Sustainable Stock Buys - 3And the next article with this theme is titled Top 10 Renewable Energy Stocks To Invest In. It’s by Jonathan Schramm and found on securities.io. Now some of what Mr. Schramm has to say about each of his picks.
“This list was made to reflect the diversity of the sector, and is organized by market capitalization at the time of writing of this article.
China Power Co., Ltd. (600900.SS)China Yangtze Power is the largest electric power company in China and the largest hydropower company in the world, with 71.7 GW of total capacity installed.
The company also has hydropower businesses in Brazil, Sudan, Pakistan, and Malaysia, and wind power generation in Germany.
Iberdrola, S.A. (IBE.MC)Iberdrola is one of the world leaders in green energy generation…
Iberdrola operates mostly in Spain, with operations in the rest of Europe, North America, and Brazil…
Ørsted A/S (DNNGY)The Danish energy producer has gone through a massive transformation, from 2006 when it produced 83% of its power from fossil fuels to 2022 with only 8% left over, and on track to reach 99% renewable production by 2025.
Half of this power generation is from offshore wind farms, with the rest roughly equally split between solar and onshore wind farms… Orsted has wind farms in Denmark, the UK, Germany, the US, Taiwan, and Vietnam.
Vestas Wind Systems A/S (VWDRY)Vestas is a designer, manufacturer, and installer of wind turbines… It controls 35% of the wind manufacturing market excluding China, up from only 20% in 2010… It is also the only one with a (strongly) positive EBIT (Earnings Before Interests and Taxes), thanks to its economies of scale…
Vestas has recently unveiled a new epoxy chemistry allowing for full recycling of wind turbine blades.
First Solar, Inc. (FSLR)First Solar is the largest solar panel manufacturer in the USA and in the whole Western hemisphere…
The company… uses its proprietary thin-film photovoltaics. Based on cadmium-telluride, they are more efficient, are produced at a lower cost, and can be easily mass-manufactured. Thin-film solar panels are also more durable, retaining 89% of the original performance after 30 years…
Thin-film panels can also have high recycling rate.
Brookfield Renewable Partners L.P. (BEP)Brookfield Renewable Partners, or BEP, is part of the massive asset management firm Brookfield, handling $625B in assets, which owns 48% of BEP…
The current assets are a mix between hydropower, wind, and solar, with the bulk of the future production growth planned to be in solar, followed by energy storage and wind…
Another important development for BEP in 2023 is the closing of the acquisition of Westinghouse, the leading nuclear plant builder in North America…
BEP has generated annualized returns of 16% for its shareholders since 1999… It also… distributes a rather generous dividend.
Ormat Technologies, Inc. (ORA)Ormat is the 2nd largest geothermal owner and operator, and the largest publicly traded. The company has assets in the US, Kenya, Indonesia, and Central America+Caribbean…
Ormat is also entering the energy storage market…
Revenues grew by 10.7% in 2022, maintaining a strong growth trajectory since 2017…
Geothermal is… able to provide stable baseload power and benefit from quickly improving technology.
Shoals Technologies Group, Inc. (SHLS)Shoals is specialized in EBOS (Electrical Balance of System), or all the systems surrounding the solar panel themselves and which are required to make it work. This does not include inverters, but cables, switches, fuses, electric boxes, etc....
Between 2020 and 2022, Shaols has grown its revenues by 36% CAGR and its gross profit by 40% CAGR.
Daqo New Energy Corp. (DQ)This Chinese company is one of the world's leaders in polysilicon production, the central component for solar panel manufacturing…
In 2023, the stock is trading very cheaply compared to P/E or cash flow. This is partially due to controversies, with the company linked to the use of forced labor in Xinjiang, and talks in Washington DC of additional sanctions against companies operating in the region.
JinkoSolar Holding Co., Ltd. (JKS)Jinko is one of the largest solar panel manufacturers in the world, based mostly in China. The company is diversifying its manufacturing base, with silicon wafer manufacturing in Vietnam, and solar cell manufacturing in Malaysia and the US…
Module shipments to China have doubled year-to-year, and increased 50% for Europe.
Jinko's most advanced solar cell, the N-type, achieves a remarkably high 25.8% energy efficiency.”
End quotes.
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Great Sustainable Stock Buys - 4And we have this from Australia. It’s titled 3 ASX shares for sustainable investment returns and it’s by Damian Cottier and seen on raskmedia.com.au. Here are some quotes from Mr. Cottier about his picks.
“Telix Pharmaceuticals (ASX: TLX)The global sales of its Illucix product for the imaging of prostate cancer continue to exceed market expectations… and urologists are seeing patient benefits from the technology…
Telix’s product, which aims to distinguish between benign and malignant renal lesions, had previously received ‘Breakthrough Designation’ from the U.S. Food and Drug Administration (FDA). Current imaging cannot reliably make this distinction, leading to invasive biopsy procedures that are not always necessary as up to 80% are not malignant.
Alpha HPA Ltd (ASX: A4N)Specialises in low-cost, low-carbon, high-purity alumina. These ingredients have applications mostly across lithium-ion batteries, semiconductors, and LED lights, all critical to decarbonisation.
Earlier in the year Alpha HPA announced it reached an agreement with Austrian-based global industrial company Ebner Industrieofenbau Gmbh, to enable Alpha to produce synthetic sapphire glass which is a downstream product of the company’s high-purity alumina (‘HPA’) production process.
Calix Ltd (ASX: CXL)It is an industrial solutions company dedicated to solving global sustainability challenges, including:
Calix’s LEILAC technology assists in CO 2 mitigation in the global lime and cement industry. Joint Venture with Pilbara Minerals Ltd (ASX: PLS) for more efficient and less carbon intensive processing of lithium ore. Adapting the core LEILAC technology for other applications with support from government agencies globally including Zero Emissions Steel, sustainable marine and aviation fuels and zero emissions shipping.”End quotes.
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Other Honorable Mentions – not in any order.1) Title: UN SDGs ‘seriously off track’ as investors question portfolio alignment on etfstream.com. By Theo Andrew.
2) Title: guidingdirection.com on abyok.com. By Conscious Capital.
3) Title: How a Top-Performing ESG Fund Invests in Energy Stocks on barrons.com. By Lewis Braham.
4) Title: AMCR Named A Top Socially Responsible Dividend Stock on nasdaq.com. By BNK Invest.
5) Title: Why PNC Financial Services Group is a Top Socially Responsible Dividend Stock (PNC) on j2t.com. By just2trade.
6) Title: Top 10 Wind Turbine Manufacturers in Energy Magazine on energydigital.com. By Charlie King.
7) Title: Top 10 Solar Companies in Energy Magazine on energydigital.com. By Charlie King.
8) Title: Green Bonds Can Drive EM Renewables Adoption on etftrends. By Tom Lydon.
9) Title: Enphase Energy: A Solar Power Gem Trading Below Its True Worth (NASDAQ:ENPH) on seekingalpha.com. By The Beginner Investor.
10) Title: These Five Small-Cap Impact Stocks Are Punching Above Their Weight In Addressing Social and Economic Challenges nasdaq.com. By Ari Zoldan.
11) Title: 3 expert-picked funds that want to grow your money sustainably on fidelity.co.uk. By Nafeesa Zaman.
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Ending CommentWell, these are my top news stories with their stock and fund tips -- for this podcast titled: “Great Sustainable Stock Buys.”
Now, please be sure to click the like and subscribe buttons on Apple Podcasts, Google Podcasts, or wherever you download or listen to this podcast. That helps bring these podcasts to others like you.
And please click the share buttons to share this podcast with your friends and family. Let’s promote ethical and sustainable investing as a force for hope and prosperity in these very troubled times!
Contact me if you have any questions.
Thank you for listening.
And, again, please look at my new totally revised website at investingforthesoul.com! Tell me what you think!
Talk to you next on September 22nd!
Bye for now.
© 2023 Ron Robins, Investing for the Soul
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(Note: next podcast September 8th!) This podcast: Best Hydrogen ETFs And Stocks. Plus… includes these articles: “7 Hydrogen Stocks You Better Be Buying on Each and every Dip”; “3 Alternative Energy Stocks With Multibagger Potential”; “Benefits of Sustainable Investing: 3 Companies Leading The Way”; and “15 Biggest Green Tech Companies in the World.”
Transcript & Links, Episode 112, August 11, 2023
Hello, Ron Robins here. Now before I begin, I want to mention that I’m taking a one-episode break so my next podcast after this one will be September 8th.
So, welcome to this podcast episode 112 titled “Best Hydrogen ETFs And Stocks. Plus…” 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 totally 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. Best Hydrogen ETFs And Stocks. Plus…Today, I’m starting with the article 7 Hydrogen Stocks You Better Be Buying on Each and Every Dip, by Ian Cooper, on investorplace.com. Here’s some of what Mr. Cooper says about his picks.
“1) Global X Hydrogen ETF (NASDAQ:HYDR)It’s up to $10 a share and could test $12 a share, all because of the growing demand for hydrogen… as I noted on July 17, with an expense ratio of 0.50%, this one invests in companies involved in all aspects of hydrogen production, distribution and use.
2) ALPS Clean Energy ETF (NYSEARCA:ACES).With an expense ratio of 0.55%, the ETF offers diversification and exposure to companies involved with renewables and clean technology… While it’s finding resistance above $50, eventually I’d like to see it test $60 a share again soon.
3) Defiance Next Gen H2 ETF (NYSEARCA:HDRO).With an expense ratio of 0.30%, the ETF invests in companies that generate at least 50% of their revenue from involvement with hydrogen-based energy sources, fuel cell technologies and industrial gases.
While it’s been volatile, it has a strong history of bouncing back from excessively oversold conditions.
4) Air Products & Chemicals (NYSE:APD)Owns more than 100 hydrogen plants around the world and is involved in more than 250 projects. Air Products & Chemicals [has] a yield of 2.32%.
The company is also working on a $7 billion hydrogen joint venture in Saudi Arabia.
5) Bloom Energy (NYSE:BE)Is another one of the hot ‘must own’ hydrogen stocks…
Analysts at RBC Capital are also bullish… the firm just initiated coverage with an outperform rating with a price target of $24 a share.
6) Plug Power (NASDAQ:PLUG)Has traded essentially flat this year, but it’s still a solid long-term bet on hydrogen… Northland Securities analysts just upgraded the stock to ‘outperform’ from ‘market perform’ with a price target of $22 a share.
7) Fusion Fuel Green (NASDAQ:HTOO)Is still a pre-revenue company, but it has some impressive contracts.
For one, it signed a 10-year offtake contract with European developer Hydrogen Ventures for 30 tons of green hydrogen per year.’’ End quotes.
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2. Best Hydrogen ETFs And Stocks. Plus…Now continuing with the alternative energy theme is this piece titled 3 Alternative Energy Stocks With Multibagger Potential. It’s by Faisal Humayun and found on investorplace.com. Mr. Humayun includes these points about his picks.
“1) Plug Power (NASDAQ:PLUG)PLUG stock has trended lower in the last 12 months and it’s a golden opportunity for long-term investors to accumulate.
With the company providing end-to-end solutions in the hydrogen economy, the growth visibility is robust…
With significant expansion plans, revenue is likely to increase to $5 billion in 2026 and further to $20 billion by 2030… I believe that PLUG stock is poised for multi-bagger returns.
2) First Solar (NASDAQ:FSLR)stock has surged by 135% in the last 12 months. However, considering the growth momentum, First Solar stock remains undervalued at a forward price-earnings ratio of 27.1.
3) Enphase Energy (NASDAQ:ENPH)stock has been trending lower and I see this downside as a good accumulation opportunity. At a forward price-earnings ratio of 30.5, the growth stock looks attractive with an investment horizon of five years…
Enphase identifies itself as the world’s leading supplier of microinverter-based solar-plus-storage systems.” End quotes.
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Leading Sustainable Agricultural Related StocksMany investors wonder what sustainable agricultural-related stocks there might be. Well, this article is for you. It’s titled Benefits of Sustainable Investing: 3 Companies Leading The Way by Shoshana Weizenblut on finextra.com. Now a few comments by Ms. Weizenblut on her picks.
“1) AGCO: Advancing Agricultural SustainabilityAGCO integrates sustainability into its core business strategy, emphasizing innovation and technology to make agriculture more efficient, productive, and environmentally friendly.
For instance, AGCO's Fendt Vario tractors leverage fuel-efficient designs and advanced technology to reduce environmental impact. The company's Precision Planting solutions help farmers optimize planting and yield, thereby minimizing waste and enhancing food security.
2) ICL Group: Promoting Sustainable Agriculture and NutritionICL Group, a leading global specialty minerals company, and one of the largest fertilizer manufacturers in the world, offers another attractive opportunity for sustainable investment. ICL's operations center around producing a sustainable food supply, focusing on soil health, plant nutrition, and food quality.
ICL's innovative fertilizers are designed to increase crop yields while decreasing the environmental footprint. They are advancing Controlled Release Fertilizers (CRFs) and Water-Soluble Fertilizers (WSFs), which help maximize nutrient uptake and reduce nutrient leaching, thus protecting water sources. Furthermore, ICL's commitment to recycling industrial by-products into useful resources, such as phosphate, magnesium, and bromine among others, illustrates their dedication to a circular economy and resource efficiency.
3) John Deere (really Deere & Co): Pioneering Precision AgricultureJohn Deere, a familiar name in agricultural machinery, has been pushing boundaries to make farming sustainable and efficient. The company’s focus on innovations to improve machinery efficiency and promote agriculture makes it a promising prospect for sustainable investors.
John Deere's smart farming technologies, such as precision ag technology, allow farmers to utilize resources more effectively. This technology involves the use of GPS and data analytics to optimize crop planting, irrigation, and harvesting, reducing waste and environmental impact. Furthermore, John Deere's advancements in electric and autonomous farming machinery reflect their commitment to reducing emissions and promoting sustainability.” End quotes.
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15 Biggest Green Tech Companies in the WorldAnd now for your interest and which you might want to investigate are the 15 Biggest Green Tech Companies in the World. It’s by Afifa Mushtaque and found on finance.yahoo.com. Here’s some of what Ms. Mushtaque says about these companies.
“To list the biggest green tech companies in the world, we targeted pure play companies in green technologies and made a list of 20 such companies. Out of those, the 15 companies with highest annual revenue in 2022 were selected and have been ranked in ascending order of high revenue…
15. Ormat Technologies, Inc (NYSE:ORA)Annual Revenue: $734.16M
Ormat Technologies, Inc… specializes in providing alternative and renewable geothermal energy technology. With over 190 power plants constructed and 3,200 MW installed, it owns and operates 933 MW of geothermal and recovered energy-based power plants as of January 2021.
14. Bloom Energy Corp (NYSE:BE)Annual Revenue: $1.20B
Bloom Energy Corp… is known for manufacturing solid oxide fuel cells that generate on-site electricity… Benefiting from government incentives for green energy, the company has installed approximately 600 megawatts worth of fuel cells as of 2020.
13. TPI Composites Inc. (NYSE:TPIC)Annual Revenue: $1.52B
TPI Composites Inc. is the largest U.S-based independent manufacturer of composite wind blades, serving global wind turbine manufacturers.
12. EDP Renováveis (EDPR)Annual Revenue: $2.21B
EDP Renováveis is a renewable energy company based in Madrid, Spain. It was established in 2007 as part of Energias de Portugal (EDP Group) and operates wind and solar power plants in 13 international markets. EDPR is the world's fourth-largest wind energy generator.
11. Sunrun, Inc (NASDAQ:RUN)Annual Revenue: $2.32B
Sunrun Inc. … is an American provider of residential photovoltaic systems and battery energy storage products.
10. Enphase Energy Inc (NASDAQ:ENPH)Annual Revenue: $2.33B
Enphase Energy… [produces] solar micro-inverters, battery storage, and EV charging stations for residential customers worldwide, shipping over 63 million microinverters to over 145 countries.
9. First Solar Inc (NASDAQ:FSLR)Annual Revenue: $2.62B
First Solar, is an American solar panel manufacturer and utility-scale PV power plant provider. They use rigid thin-film modules with cadmium telluride (CdTe) semiconductor.
8. SolarEdge Technologies Inc (NASDAQ:SEDG)Annual Revenue: $3.11B
SolarEdge Technologies Inc. … is the pioneer of utilizing DC optimized inverter systems and commercialized Power Optimizers. These devices enable module-level maximum power point tracking (MPPT) for solar photovoltaic systems to improve energy production compared to traditional central inverters.
7. Daqo New Energy Corp (NYSE:DQ)Annual Revenue: $4.61B
Daqo New Energy Corp. is a Chinese company that manufactures monocrystalline and polysilicon used in solar photovoltaic systems. They operate a manufacturing facility in Shihezi, in the Xinjiang Province of China… Daqo New Energy Corp is one of the most economical producers of high-purity polysilicon for the solar PV industry.
6. Vestas Wind Systems A/S (VWS.CO)Annual Revenue: $14.49B
Vestas Wind Systems AS is a global leader in sustainable energy solutions that specializes in designing, manufacturing, installing, and servicing wind turbines worldwide. With over 166 GW of wind turbines in 88 countries, they have the largest wind power installation globally.
5. Xinyi Solar Holdings Limited (0968.HK)Annual Revenue: $17.69B
Xinyi Solar Holdings Limited… is the world’s largest solar cover glass producer with a 30% market share. It is headquartered in Dongguan and listed on the Hong Kong Stock Exchange since December 2013.
4. NextEra Energy, Inc (NYSE:NEE)Annual Revenue: $20.98B
NextEra Energy, Inc is the world’s largest utility company with a market capitalization over $100 billion, based in America. They lead the industry by generating more wind and solar energy than any other company globally.
3. NRG Energy Inc (NYSE:NRG)Annual Revenue: $31.54B
NRG Energy, Inc. … is a Texas-based American energy company… NRG is engaged in energy generation and retail electricity and offers a diverse portfolio including natural gas, coal, oil, nuclear, wind, utility-scale, and distributed solar generation.
2. Tesla Inc (NASDAQ:TSLA)Annual Revenue: $81.46B
Tesla, Inc. … designs and manufactures electric vehicles, stationary battery energy storage systems, solar panels, and related products and services. As of 2023, it is the world’s most valuable automaker that leads the battery electric vehicle market with an 18% share in 2022.
1. JinkoSolar Holding Co Ltd (NYSE:JKS)Annual Revenue: $83.53B
JinkoSolar Holding Co … is a Shanghai-based solar panel manufacturer… It went public on the NYSE in 2010. As a member of the Silicon Module Super League, JinkoSolar Holding Co Ltd distributes solar products to utility, commercial, and residential customers in multiple countries.” End quotes.
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Other Honorable Mentions – not in any order.1) Title: 3 Clean Energy Stocks Set to Beat Q2 Earnings Estimates on nasdaq.com. By Aparajita Dutta.
2) Title: 5 Best Energy ETFs: Top Oil, Gas and Renewable Energy Funds on insidermonkey.com. By Hamna Asim.
3) Title: Better High-Yield High-Growth Renewable Energy Buy: Hannon Armstrong Or NextEra? (HASI) on seekingalpha.com. By Samuel Smith.
4) Title: The Ultimate Guide to Vegi ETF: Investing in Vegetarian and Vegan-Related Companies on nnn.ng. By NNN.
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Ending CommentWell, these are my top news stories with their stock and fund tips -- for this podcast titled: “Best Hydrogen ETFs And Stocks. Plus…”
Now, please be sure to click the like and subscribe buttons on Apple Podcasts, Google Podcasts, or wherever you download or listen to this podcast. That helps bring these podcasts to others like you.
And please click the share buttons to share this podcast with your friends and family. Let’s promote ethical and sustainable investing as a force for hope and prosperity in these very troubled times!
Contact me if you have any questions.
Thank you for listening.
Now, as I said earlier, I’m taking a one-episode break so I’ll talk to you next on September 8th.
And, again, please look at my new totally revised website at investingforthesoul.com! Tell me what you think!
Bye for now.
© 2023 Ron Robins, Investing for the Soul
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The Sustainable Stocks The Rich Invest In! Includes the following articles: “10 Sustainable Investing Stocks Billionaires Are Loading Up On”; “The 2023 Humankind 100 Rankings”; “4 ESG Stocks With Net-Zero Emissions Target in the Spotlight”; “What is Renewable Energy? Benefits, Sources, and Top Companies”; “'America is going to lead again': Biden says wind and solar are already 'significantly cheaper' than coal and oil — 3 top US clean energy stocks to watch”; and “The Importance Of Sustainable And Impact Investing And 3 Companies That Shine!”
Transcript & Links, Episode 111, July 28, 2023
Hello, Ron Robins here. So, welcome to my podcast episode 111 titled “The Sustainable Stocks The Rich Invest In!” 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 totally 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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The Sustainable Stocks The Rich Invest In!I’m beginning with this fascinating article titled 10 Sustainable Investing Stocks Billionaires Are Loading Up On. It’s by Ramish Cheema and found on finance.yahoo.com. Here’s some of what Mr. Cheema has to say. Note: the number of billionaires quoted is at the end of Q1 2023. Quote.
“To compile our list of billionaire sustainable stock picks we first used the Invesco MSCI Sustainable Future ETF (ERTH) and picked out the top forty companies. Then, the number of billionaires that had invested in them as of Q1 2023 was determined and the final list of top ten sustainable stocks according to billionaires is as follows.
10. Ormat Technologies, Inc. (NYSE:ORA)Number of Billionaire Investors: 9
Ormat Technologies is a utility company that focuses primarily on generating power through geothermal sites and solar cells…
Out of [24 hedge funds], the firm's largest investor is Ian Simm's Impax Asset Management (IPX.L) with a stake worth $178 million.
9. NextEra Energy Partners, LP (NYSE:NEP)Billionaire Investors: 9
NextEra Energy Partners is an energy company that operates in the natural gas and renewable power industries. The firm announced in May 2023 that it plans to reach Real Zero emissions by 2025 and sell natural gas assets to finance future growth.
8. NIO Inc. (NYSE:NIO)Billionaire Investors: 9
NIO is an electric vehicle manufacturer headquartered in Shanghai, China. It makes and sells both SUVs and sedans and the firm is one of the dominant players in the growing Chinese electric vehicle market. However, a slowdown in the Chinese economy [reduced] vehicle deliveries [by] a sharp 17% annual drop…
NIO's largest hedge fund investor [out of 18 hedge funds] is Jim Simons' Renaissance Technologies since it owns ten million shares that are worth $113 million.
7. KB Home (NYSE:KBH)Billionaire Investors: 10
KB Home is an American construction company headquartered in Los Angeles, California. As part of its sustainability push, particularly since construction uses high volumes of timber, the firm announced in July that it will partner up with a nonprofit to fund efforts seeking to preserve landscapes and forest habitats…
Among [29 hedge funds], Ken Fisher's Fisher Asset Management is the biggest shareholder with an investment of $110 million.
6. Sunrun Inc. (NASDAQ:RUN)Billionaire Investors: 10
Sunrun is a solar power equipment provider which serves the needs of residential customers in the U.S. by providing products such as panels and energy systems…
William B. Gray's Orbis Investment Management is the largest investor [out of 27 hedge funds], courtesy of a $265 million stake that comes via 13 million shares.
5. Meritage Homes Corporation (NYSE:MTH)Billionaire Investors: 10
Meritage Homes Corporation is a construction company that builds different kinds of single family homes in several American states. The firm’s shares… are rated Buy on average…
The largest [out of 27 hedge funds] is Ken Fisher’s Fisher Asset Management with a stake worth $128 million.
4. Darling Ingredients Inc. (NYSE:DAR)Billionaire Investors: 11
Darling Ingredients is a food raw materials firm that focuses its efforts on ensuring that no portion of an animal is wasted during the slaughtering process…
[Out of 29 hedge funds] Darling Ingredient’s largest investor is Ian Simm’s Impax Asset Management since it owns $240 million worth of shares.
3. Enphase Energy, Inc. (NASDAQ:ENPH)Billionaire Investors: 12
Enphase Energy sells solar power products such as microinverters, charging solutions… to residential users…
[Out of 55 hedge funds], the biggest shareholder is Jim Simons’ Renaissance Technologies through a $198 million investment.
2. First Solar, Inc. (NASDAQ:FSLR)Billionaire Investors: 13
First Solar is an international solar power company that sells products including solar modules to large scale users such as utilities, commercial, and industrial users. Its shares are rated Buy on average…
[Out of 39 hedge funds] First Solar’s largest investor [is] Jim Simons’ Renaissance Technologies with a $312 million stake.
1. Tesla, Inc. (NASDAQ:TSLA)Billionaire Investors: 15
The firm has been facing mixed sentiment from Wall Street in July 2023 after a spectacular stock rally earlier this year.
[Out of 82 hedge funds] D. E. Shaw’s D E Shaw is the biggest shareholder through its $1.2 billion investment.” End quotes.
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The 2023 Humankind 100 RankingsThe corporate ranking data in this next piece The 2023 Humankind 100 Rankings will be of great interest to most of you. Here’s a brief description of what it's about. Quote.
“Humankind 100 companies tend to contribute positively to humanity, for example by providing access to food, clean water, healthcare, or free digital services. Meanwhile, companies that hurt people, for example by contributing significantly to climate change or selling toxic products, tend to not make it on to the list.” End quotes.
Do have a look at the ranking! The top five companies are Alphabet (GOOG), Microsoft Corp. (MSFT), Eli Lilly & Company (LLY.TI), Johnson & Johnson (JNJ), and Abbvie Inc. (ABBV).
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4 ESG Stocks With Net-Zero Emissions Target in the SpotlightNext, we have this article titled 4 ESG Stocks With Net-Zero Emissions Target in the Spotlight. It’s by Ritujay Ghosh and found on 247wallst.com. Here’s some of what the writer says about their stock picks.
“1. Salesforce, Inc. (CRM Quick Quote CRM - Free Report)has successfully attained net-zero residual emissions throughout its value chain. Salesforce has also accomplished its objective of operating solely on 100% renewable energy…
Salesforce’s expected earnings growth rate for the current year is 42%... Salesforce currently sports a Zacks Rank #1 (Strong Buy).
2. PepsiCo, Inc. (PEP Quick Quote PEP - Free Report)the global beverage giant, is committed to achieving net-zero greenhouse gas emissions by 2040. As part of its sustainability efforts, PepsiCo is actively promoting regenerative agricultural practices… Another key target for PepsiCo is to ensure that all its packaging materials become recyclable, compostable and biodegradable.
PepsiCo’s expected earnings growth rate for the current year is 9.9%... PepsiCo currently carries a Zacks Rank #2 (Buy).
3. Adobe Inc. (ADBE Quick Quote ADBE - Free Report)aims to attain a zero-carbon operational footprint, emphasizing the development of digital products that have a positive environmental impact. Adobe is actively working toward achieving a 100% renewable energy target by 2035…
Adobe’s expected earnings growth rate for the current year is 14.5%... Adobe currently sports a Zacks Rank #1.
4. Microsoft Corporation (MSFT Quick Quote MSFT - Free Report)is actively pursuing various initiatives to achieve a net-negative carbon footprint by 2030…
Microsoft’s expected earnings growth rate for the current year is 4.8%. Shares of Microsoft have gained 23.7% in the past three months. Microsoft currently has a Zacks Rank #3 (Hold).” End quotes.
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What is Renewable Energy? Benefits, Sources, and Top CompaniesNow to another new article on renewable energy picks. The article is titled What is Renewable Energy? Benefits, Sources, and Top Companies. It’s by Jennifer L. located on carboncredits.com. Now to some quotes from the analyst.
“1. General Electric Co. (GE)General Electric has been at the forefront of wind energy technology, consistently enhancing turbine designs and improving efficiency… GE has installed over 49,000 units that generate wind electricity across the globe…
GE has also invested in other renewable energy technologies, such as solar power, hydroelectricity, and hybrid.
2. NextEra Energy, Inc. (NEE)Running with a whopping $147 billion market cap, NextEra Energy has been investing billions in developing renewable energy sources. As one of the largest renewable energy producers in the world, the company leads the charge in solar and wind energy production…
3. Iberdrola SA (IBDRY)With a market cap of over $72 billion, Spain-based multinational electric utility company Iberdrola SA has more than 170 years of history. The company is a global leader in the generation, distribution, and trading of clean energy.
4. Orsted A/S (ORSTED.CO)Renewable energy company Orsted A/S excels in developing, building, and operation of offshore wind farms. The Danish firm currently owns the prestigious title of being the world’s biggest offshore wind power developer, with a total capacity of over 7.5 GW.” End quotes.
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'America is going to lead again': Biden says wind and solar are already 'significantly cheaper' than coal and oil — 3 top US clean energy stocks to watchAnd more on renewable energy with this article 'America is going to lead again': Biden says wind and solar are already 'significantly cheaper' than coal and oil — 3 top US clean energy stocks to watch. It’s by Vishesh Raisinghani on finance.yahoo.com.
“1. First Solar (NASDAQ:FSLR)First Solar is one of the nation’s largest utility-scale solar energy producers. The company’s competitive edge stems from its proprietary, advanced thin-film module technology…
Investors seeking a high-growth bet in this sector should add FirstSolar to their watchlist.
2. Brookfield Renewable (NYSE:BEP)If you’re looking for a less risky and more established player in the renewable energy sector, Brookfield Renewable might be a wise bet. The Canada-based asset manager operates one of the largest green energy portfolios in the world…
Brookfield is a dividend juggernaut. The stock offers a dividend yield around 4.6% at the moment.
3. SolarEdge Technologies (NASDAQ:SEDG)SolarEdge has rapidly become one of the most well-known and valuable solar energy firms on the market. The company offers an end-to-end system that generates, stores and manages solar energy from home. Nearly three million homes across the globe were equipped with SolarEdge systems by the end of 2022.” End quotes.
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The Importance Of Sustainable And Impact Investing And 3 Companies That Shine!And I finish up with this article titled The Importance Of Sustainable And Impact Investing And 3 Companies That Shine! It’s by Finance Monthly and published on finance-monthly.com. Now some quotes on their recommendations.
“1. ICL Group (NYSE: ICL)ICL Group is global specialty minerals company and one of the largest fertilizer manufacturers in the world. ICL focuses on creating sustainable solutions… includes developing innovative fertilizers to increase crop yields while decreasing environmental impact, recycling industrial by-products into useful resources, which aligns with several UN SDGs…
2. NextEra Energy (NYSE: NEE)NextEra Energy specializes in harnessing wind and solar energy across North America… Beyond renewable energy, they also engage in physical contracts, trading activities, and marketing. Their primary income source is distributing gas and electricity to Florida residents.
3. Republic Services (NYSE: RSG)Republic Services specializes in waste management and recycling. As the second-largest waste management company in the United States, its mission is to produce renewable energy through recycling.” End quotes.
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Other Honorable Mentions – not in any order.1) Title: Vegan investments: Are you putting your money where your mouth is? On veganfoodandliving.com. By Phil Davis.
2) Title: Why Fastenal is a Top Socially Responsible Dividend Stock (FAST) on nasdaq.com. By BNK Invest.
3) Title: 12 Best Solar Energy and Battery Stocks To Buy Now on finance.yahoo.com. By Hamna Asim.
4) Title: Revolutionizing the Future: “Emerging Green Technology Stocks” to Watch Now! – CLNV, GEVO, ADN, HYSR found on digitaljournal.com. By The Street Reports.
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Ending CommentWell, these are my top news stories with their stock and fund tips -- for this podcast titled: “The Sustainable Stocks The Rich Invest In!”
Now, please be sure to click the like and subscribe buttons on Apple Podcasts, Google Podcasts, or wherever you download or listen to this podcast. That helps bring these podcasts to others like you.
And please click the share buttons to share this podcast with your friends and family. Let’s promote ethical and sustainable investing as a force for hope and prosperity in these very troubled times!
Contact me if you have any questions.
Thank you for listening.
Talk to you next on August 11th.
And, again, please look at my new totally revised website at investingforthesoul.com! Tell me what you think!
Bye for now.
© 2023 Ron Robins, Investing for the Soul
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This podcast includes covering these articles: “These 50 Canadian corporate citizens are a cut above,” by Rick Spence; “3 ESG Stocks to Buy With Focus Growing on Net-Zero,” by Abhinab Dasgupta; “2 Renewable Energy Stocks (With Dividends) That Could Put You in the Green,” by Jitendra Parashar; and “3 ESG Stocks in Focus for the Socially Responsible Investor,” by Tirthankar Chakraborty. And more...
Transcript & Links, Episode 110, July 14, 2023
Hello, Ron Robins here. So, welcome to my podcast episode 110 titled “These ESG Stocks Are A Cut Above.” 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 totally revised website at investingforthesoul.com!
So, 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 5 article links below that time didn’t allow me to review them here..
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1. These ESG Stocks Are A Cut AboveI’m going to start with an article as it provides insight into what ethical and sustainable investors might look for when investing in individual companies that reflect their personal values. Though renewable energy companies rank high on the list there are others from diverse industries that are also found here. Do read the article which is titled These 50 Canadian corporate citizens are a cut above. It’s by Rick Spence and found on the corporateknights.com site. Here are some quotes by Mr. Spence.
“Since 2002, Corporate Knights’ ranking of Canada’s Best 50 Corporate Citizens has been tracing public and private companies as well as Crown corporations with more than $1 billion in revenues. Our researchers probe 25 key performance indicators (KPIs) to assess how firms manage their resources, employees and finances in comparison to their peer group, with 50% of each company’s score tied to the percentage of their revenue and investments that qualify as sustainable. For the Best 50, that percentage keeps climbing.
Tellingly, the 2023 list is dominated by renewable-energy players high in sustainable revenue. Topping the Best 50 this year (up from second place in 2022 and 20th in 2021) is a pure-play clean energy company:
Innergex Renewable Energy (INE.TO)The Longueuil, Quebec–based renewable-power producer operates 40 hydroelectric facilities, 35 wind farms, 11 solar farms and one energy-storage facility in Canada, the U.S., France and now Chile…
In second place this year (up from third in 2022 and 14th in 2021) is:
Brookfield Renewable Partners (BEP)the renewable-energy platform of Brookfield Corporation, the former Brascan empire (which got its start providing electricity in Brazil). With a market cap of $20.2 billion, more than seven times Innergex’s $2.7 billion, Brookfield Renewable produces 25,400 megawatts of electricity through hydro, wind and solar facilities in Canada, the U.S., Colombia, Brazil, Europe and Asia. The company’s latest annual report says it’s also focusing on investing in ‘emerging transition asset classes’ such as carbon capture and storage, recycling and biogas, ‘where our initial investment positions us for potential future large-scale decarbonization investment.’
In third place is:
Hydro-Québec (state-owned corporation)which was the top company in 2022, 2021 and 2018. While the company largely maintained its sustainable revenue from last year, competition is growing fiercer as more renewable-energy companies jump ahead.
The ‘most improved’ company on the list is:
Canadian National Railway (CNI)It climbed from 35th place to seventh this year thanks to a notable increase in investments mainly aimed at rail network safety and integrity, as well as track infrastructure network resiliency and information technology initiatives. These investments totaled $2.5 billion, or 85% of Canadian National Railway’s total investments, in 2021.
(Now) Edmonton engineering firm Stantec (STN)scored highest on the Best 50 when it came to the percentage of its executives’ variable pay linked to sustainability targets. With 26,000 employees and 350 offices on six continents, CEO Gord Johnston says the fast-growing company has been focused on building better communities for more than a decade.
Best 50 bring home higher returnsCorporate Knights researchers compared the stock performance of the public companies on the 2023 Best 50 versus that of the S&P/TSX Composite Index. Since 2002 (the year we published our first Best 50 list), Best 50 companies have rewarded their shareholders with 128% higher returns than the overall composite index. It’s evidence that the ‘triple bottom line’ (profit, people and planet) doesn’t compromise the single bottom line – but expands it.” End quotes.
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2. These ESG Stocks Are A Cut AboveMy second article picks three big-cap names and is titled 3 ESG Stocks to Buy With Focus Growing on Net-Zero. By Abhinab Dasgupta and seen on finance.yahoo.com. Here are some quotes by Mr. Dasgupta on each of his picks.
“These companies broadly pass the ESG standard required to dub them as leaders in the sector, i.e., they regularly set, revisit and report on their ESG targets. [And they] flaunt a Zacks Rank #1 (Strong Buy) or 2 (Buy), have lucrative earnings potential, and should be looked into.
1) Salesforce, Inc. (CRM)This company provides customer relationship management technology, has already achieved net-zero residual emissions across its value chain and met its goal of 100% renewable energy in operations. It has targeted the removal of all carbon emissions by 2040 and has innovated a custom-built platform to track its own carbon footprint…
The company currently sports a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has moved 4.6% north over the past 60 days. The company’s expected earnings growth rate for the current year is 42%.
2) NVIDIA Corporation (NVDA)This mega-cap semiconductor company, which provides graphics and networking solutions, has reduced emissions by 15% per employee as of 2022 and has set a target to have 65% of its electricity usage come from renewable sources by the end of 2025. It has also made significant strides in the study of climate change by embarking on a project to help predict and mitigate environmental disasters.
The company currently sports a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has moved 71% north over the past 60 days. The company’s expected earnings growth rate for the current year is 129.3%.
3) PepsiCo, Inc. (PEP)This global beverage giant has a set target of net-zero greenhouse gas emissions by 2040, and is working to promote regenerative agricultural practices. It has a target of making all its packaging materials recyclable, compostable, and biodegradable.
The company currently carries a Zacks Rank #2.” End quotes.
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3. These ESG Stocks Are A Cut AboveNow another Canadian article with relevance to our global audience. It’s titled 2 Renewable Energy Stocks (With Dividends) That Could Put You in the Green. It’s by Jitendra Parashar at fool.ca. Here are some brief quotes by Mr. Parashar.
“1) Brookfield Renewable Partners (TSX:BEP.UN)Could arguably be the most attractive renewable energy stocks listed on the Toronto Stock Exchange today. This Hamilton, Bermuda-headquartered renewable power-focused company has a market cap of $11.2 billion. Its stock currently trades at $30.82 with about 13.2% year-to-date gains, outperforming the TSX Composite, which has advanced by 1.8% in 2023 so far.
Interestingly, Brookfield Renewable has been posting attractive double-digit positive YoY (year-over-year) growth in its total revenue for the last 11 quarters in a row…
As the renewable energy company continues to focus on new acquisitions and growth initiatives to expand its business presence worldwide, you can expect its share prices to soar further in the coming years. In addition, Brookfield Renewable stock offers an attractive 4.7% annual dividend yield.
2) Northland Power (TSX:NPI)is another fundamentally strong Canadian renewable energy stock you may want to consider in 2023. It currently has a market cap of $6.9 billion, as its stock trades at $27.24 per share after losing nearly 26.6% of its value so far in 2023.
This Toronto-headquartered firm has a large, well-diversified portfolio of clean power infrastructure assets, primarily in North America, Europe, and Latin America, and has more than three decades of experience working on power projects. Last year, the offshore wind segment accounted for over half of Northland Power’s total revenue, while the remaining came from other segments like onshore renewables, efficient natural gas, and utility.
The recent correction in Northland Power stock could be attributed to its earnings miss in the first quarter of 2023. Northland Power’s sales from the offshore wind segment fell 13% YoY to $346 million last quarter. This YoY decline was mainly because the unusually high market prices it benefited from in the first quarter of 2022, particularly from its Gemini and Spanish projects, didn’t happen again in the first quarter of 2023.
That said, you can expect its YoY financial growth trend to improve in the coming years as the market prices gradually stabilize, which should help its share prices recover sharply. Besides the expected recovery, a decent annual dividend yield of 4.4% makes this renewable energy stock really attractive to buy on the dip.” End quotes.
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4. These ESG Stocks Are A Cut AboveAnd I’ll end with this article titled 3 ESG Stocks in Focus for the Socially Responsible Investor. It’s by Tirthankar Chakraborty and published on zacks.com. Now here’s some of what Mr. Chakraborty says about his recommendations.
“1) Pool Corporation (POOL Quick Quote POOL - Free Report)This company is one of the biggest distributors of swimming pool equipment. Pool Corporation aims at waste reduction and provides effective energy solutions to lessen its environmental footprint.
Pool Corporation not only donates through the National Forest Foundation but also participates in the Environmental Protection Agency’s Water Sense program. POOL provides customers ample guidance to handle wastewater sensibly…
The company’s expected earnings growth rate for the next year is 5.9%. Its shares have already gained 32.7% over the past five-year period. Pool Corporation has a Zacks Rank #2 (Buy).
2) Salesforce, Inc. (CRM Quick Quote CRM - Free Report)The company is one of the primary providers of customer relationship management software that helps manage cumbersome operations.
Salesforce achieved 100% renewable energy from its operations. The company aims at purchasing renewable energy to increase access to clean power, especially in emerging economies. It also aims at net-zero carbon emissions and has established equal pay initiatives…
The company’s expected earnings growth rate for the current year is 42%. Its shares have already gained 28.1% over the past five-year period. Salesforce sports a Zacks Rank #1.
3) Microsoft Corp (MSFT Quick Quote MSFT - Free Report)… has become a solid ESG stock. This tech behemoth and one of the leaders in cloud computing is also known as a leader in energy conservation. Microsoft, along with Volt Energy, is aiming at achieving 100% renewable energy by 2025. And by 2050, the company aims at getting rid of all carbon emissions…
The company’s expected earnings growth rate for the current year is 4.7%. Microsoft shares have already gained 22.3% over the past five-year period. Microsoft currently carries a Zacks Rank #3 (Hold).
Shares of Pool Corporation, Salesforce and Microsoft, by the way, have gained 22.8%, 61.3%, and 41%, respectively, so far this year.” End quotes.
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Other Honorable Mentions1) Title: 3 Stocks to Buy for The Continued Growth of Solar Energy on zacks.com. By Shaun Pruitt.
2) Title: VZ Named A Top Socially Responsible Dividend Stock etfchannel.com. By ETF Channel Staff.
Articles from Canada, UK, and Europe1) Title: Three investment trusts to take advantage of climate change - on investorschronicle.co.uk. By John Baron.
2) Title: 3 Canadian ESG Stocks for Ethical Investors on yahoo.com. By Adam Othman.
3) Title: Iberdrola, the Spanish company with the best corporate governance according to World Finance on atalayar.com. By Atalayar.
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Ending CommentWell, these are my top news stories with their stock and fund tips -- for this podcast titled: “These ESG Stocks Are A Cut Above.”
Now, please be sure to click the like and subscribe buttons on Apple Podcasts, Google Podcasts, or wherever you download or listen to this podcast. That helps bring these podcasts to others like you.
And please click the share buttons to share this podcast with your friends and family. Let’s promote ethical and sustainable investing as a force for hope and prosperity in these very troubled times!
Contact me if you have any questions.
Thank you for listening.
Talk to you next on July 28th.
And, again, please look at my new totally revised website at investingforthesoul.com! Tell me what you think!
Bye for now.
© 2023 Ron Robins, Investing for the Soul
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Great Green Energy Stock Picks includes these articles: “How Green Energy Players Are Making Big Waves in the Stock Market,” by Christopher Liew; “2 Canadian ESG Stocks for Ethical Investors,” by Adam Othman; “Why This Under-the-Radar Renewable Energy Stock is a 'Strong Buy,’” by Benjamin Rains; “5 Top UK Sustainable Investment Trusts To Consider In H2 2023,” by Gaurav Sharma; and “20 Biggest Infrastructure Companies in the US,” by Ty Haqqi.
Transcript & Links, Episode 109, June 30, 2023
Hello, Ron Robins here. So, welcome to my podcast episode 109 titled “Great Green Energy Stock Picks.” 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 totally revised website at investingforthesoul.com!
So, 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.
Now if any terms are unfamiliar to you, simply Google them.
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 so that I can get as many companies covered as possible in the time allowed. Please go to this podcast's webpage for links to the actual articles for more company and stock information. Links to an additional 3 articles are included below.
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1) Great Green Energy Stock PicksNow the first two articles are from Canada, but they detail opportunities relevant to a global audience.
The first article is titled How Green Energy Players Are Making Big Waves in the Stock Market, by Christopher Liew, on fool.ca. Here’s some of what Mr. Liew has to say about his three picks.
“1. Ballard Power Systems (TSX:BLDP)Market analysts recommend a hold rating. Their 12-month average price target is $22.91, or a 293% return potential. Ballard’s competitive advantages include experience in manufacturing fuel cell products (40 years), top-tier long-term customers, and strategic shareholders…
The latest product and potential growth driver is next-generation, thin, flexible graphite bipolar plates. Ballard plans to invest around $18 million in manufacturing the plates this year through 2025.
2. Nano One Materials Corp. (TSX:NANO)Nano One outperforms the TSX (Toronto Stock Exchange) year to date (+18.85% versus +1.11%). Market analysts recommend a buy rating, with an average price target of $6.50 (+124%) in 12 months. This $302 million company’s contribution to the fight against climate change is the production of high-performance lithium-ion battery cathode materials.
According to management, the company’s technology applies to electric vehicles, energy storage, and consumer electronics. Besides reducing costs, the low-carbon intensity improves environmental impact. Nano One owns Canada’s only LFP (lithium ferrous phosphate) battery production facility.
3. Exro Technologies (OTC:EXRO.F)Exro Technologies develops new-generation power electronics that expand the capabilities of electric motors and batteries…
The significant upside will come from continued focus on innovation in e-transition and energy storage market verticals. The addressable markets for its lead products, Coil Driver (motor controllers) and Cell Driver (energy storage), should reach US$133 billion and US$224 billion by 2030, respectively…
Market analysts recommend a strong buy rating, forecasting 55% price appreciation in one year.” End quotes.
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2) Great Green Energy Stock PicksNow, the second article is titled 2 Canadian ESG Stocks for Ethical Investors, by Adam Othman on fool.ca. Among Mr. Othman’s comments on his two picks are these.
“1. Canadian National Railway (TSX:CNR)might not seem like an ESG stock… However, this Canadian Dividend Aristocrat can be an excellent investment for this purpose. The $105.92 billion market capitalization company headquartered in Montreal is vital to the North American economy.
Boasting the only 18,600-mile railway network connecting three coasts in North America…
It generates solid financial results. In 2022, it increased its revenue by 18.2% and net income by 4.5%, increasing its free cash flow by 29.2% compared to the previous year…. Sustainalytics gives Canadian National Railway stock a low ESG risk rating due to its Climate Action Plan aligning with international ESG standards.
2. Innergex Renewable Energy (TSX:INE)The $2.73 billion market capitalization company develops, owns, and operates run-of-river hydroelectric facilities. It also has a substantial number of wind and solar energy farms located in North and South America and France.
…Operating as an electricity utility company, it has a low-risk business model. 2022 saw Innergex reduce its net loss from $185.4 million in 2021 to $91.1 million. Its free cash flows rose by almost 60% year over year…
As of this writing, Innergex Renewable stock trades for $13.39 per share, down by 34.55% from its 52-week high. Currently, it pays its shareholders their payouts at a juicy 5.38% dividend yield.” End quotes.
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3) Great Green Energy Stock PicksAnd now to a company that’s often overlooked according to this Zacks analyst. The article is titled Why This Under-the-Radar Renewable Energy Stock is a 'Strong Buy'. It’s by Benjamin Rains and found on zacks.com. Here’s some of what Mr. Rains says about Arcosa, Inc.
“Arcosa, Inc. (ACA - Free Report)provides infrastructure-related products and solutions across construction, engineered structures, and transportation markets. Arcosa is benefitting from megatrends such as aging infrastructure, as well as the ‘continued shift to renewable power generation, and the expansion of new transmission, distribution, and telecommunications infrastructure…’
Arcosa crushed Zacks Q1 earnings estimate in late April and provided hugely upbeat guidance. Arcosa’s fiscal 2023 consensus estimate has surged by 44% since its report, with FY24’s figure 38% higher. Arcosa’s bottom-line positivity helps it grab a Zacks Rank #1 (Strong Buy)…
Arcosa’s engineered structures division includes utility structures, telecom structures, wind towers, and beyond. Arcosa’s wind tower business is booming… since the passage of the Inflation Reduction Act…
The gusts at Arcosa’s back include grid-hardening, electrification of vehicles, connecting renewable energy to the grid, the wireless 5G telecom buildout, and more…
Other Fundamentals
Zacks estimates call for Arcosa’s adjusted 2023 earnings to surge by 27% and then jump another 18% higher in 2024 to reach $3.26 per share… Overall, Arcosa appears to be a somewhat under-the-radar and strong way to gain exposure to multiple long-term trends in the U.S. and global economy. And its recent slip sets up a better entry point.” End quotes.
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4) Great Green Energy Stock PicksNext is this article, also applicable to a global audience. It’s titled 5 Top UK Sustainable Investment Trusts To Consider In H2 2023. It’s by Gaurav Sharma and seen on forbes.com. Here are some quotes.
“Typically listed on UK and Japanese markets, investment trusts are public-listed pooled investment vehicles that generate income by investing in stocks of other companies, bonds (both corporate and government issued), real estate, infrastructure and privately held enterprises, etc.…
Based on current dividend yields*, NAV discounts** and exchange rates***, for me the following five UK-listed sustainable investment trusts stand out:
1. Triple Point Energy Transition Plc (LON: TENT)Dividend Yield: 8.27%
Listed on the main market of the London Stock Exchange, Triple Point Energy Transition Plc invests in UK and European renewable energy projects touting its credentials as a stable dividend-paying trust that aims to enable a pan-European transition to a low carbon economy. Furthermore, its 7-8% average dividend yield not only ranks it among the highest in its category but also puts it on the list of the 20-highest dividend-yields among all UK-listed investment trusts.
2. NextEnergy Solar Fund (LON: NESF)Dividend Yield: 7.52%
NextEnergy Solar Fund is listed on the London Stock Exchange's main market and is a constituent of the FTSE 250 index. As the name suggests, it invests in a diversified portfolio of solar energy and energy storage infrastructure assets. Most of its long-term cashflows are inflation-linked via UK government subsidies, and it offers an attractive dividend yield.
3. Renewables Infrastructure Group (LON: TRIG)Dividend Yield: 5.97%
Renewables Infrastructure Group has been listed on the London Stock Exchange for over a decade and is also a constituent of the FTSE 250 index. The company focuses on onshore and offshore wind farms and solar parks in the UK and Europe.
4. Octopus Renewables Infrastructure Trust (LON: ORIT)Dividend Yield: 5.52%
With its management trail leading to one of Europe's largest renewable energy investors – Octopus Energy – the Octopus Renewable Energy Infrastructure Trust aims to provide both capital appreciation as well as sustainable dividends by building and operating a diversified portfolio of renewable energy assets in Europe and Australia.
5. Greencoat UK Wind Plc (LON: UKW)Dividend Yield: 5.51%
Greencoat UK Wind has the honor of being the first UK renewable infrastructure fund to list on the London Stock Exchange. It is also a constituent of the FTSE 250 index and is focused on UK wind power generation.” End quotes.
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20 Biggest Infrastructure Companies in the USNow, the US economy is currently being lifted by two massive spending bills related to infrastructure. Many ethical and sustainable investors see infrastructure companies as having a place in their portfolios. So, this article might be of interest to many of you. It’s titled 20 Biggest Infrastructure Companies in the US. It’s by Ty Haqqi and is seen on finance.yahoo.com.
Only the public companies and non-fossil-fuel related are included here... and quotes about these companies are limited.
“14. Crown Castle Inc. (NYSE:CCI)Total revenue (in billions): $58.1
Crown Castle provides shared communications infrastructure in the U.S. including small cells, cell towers and fiber, and counts itself among the largest U.S. infrastructure companies.
13. Fluor Corporation (NYSE:FLR)Total revenue (in billions): $13.8
Fluor Corporation is one of the biggest engineering companies in Texas… The share price of Fluor Corporation has stayed the same over the last one year with its gains being wiped out over the last few months.
12. Norfolk Southern Corporation (NYSE:NSC)Total revenue (in billions): $12.7
Norfolk Southern Corporation is one the biggest railroad companies in the U.S., not to mention among the largest infrastructure companies in the U.S. Norfolk Southern Corporation has been in the news the past few months for a massive derailment in East Palestine, Ohio, which resulted in the release of tons of toxic chemicals, and has recently been sued by the Department of Justice for the same.
11. American Tower Corporation (NYSE:AMT)Total revenue (in billions): $10.7
American Tower Corporation owns and operates wireless and broadcast communications infrastructure not just in the U.S. but in several other countries as well.
6. CSX Corporation (NASDAQ:CSX)Total revenue (in billions): $14.9
CSX Corporation is engaged in the business of real estate and rail transportation, and is headquartered in Florida. CSX Corporation's ROE has exceeded the industry average in the past though part of that is because of the company's high debt portfolio.
3. Union Pacific Corporation (NYSE:UNP)Total revenue (in billions): $24.9
Union Pacific Corporation is the largest railroad company in the country, and one of the largest infrastructure companies in the U.S., and has provided a return of 61% to its investors in the last 5 years.
2. AT&T Inc. (NYSE:T)Total revenue (in billions): $120.7
AT&T Inc. is one of the biggest telecom and mobile telephone services company not just in the U.S., but also the world. Recently, AT&T Inc. raised over $4.2 billion in an attempt to buy out wireless minorities.
1. Comcast Corporation (NASDAQ:CMCSA)Total revenue (in billions): $121.4
Comcast Corporation is among the most valuable telecom companies in the world and its stock is favored by institutional owners who own around 85% of the company’s stock.”
End quotes.
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Two Other Honorable Mentions1. Title: 5 Top Alternative Energy Companies on builtin.com. By Margo Steines.
2. Title: Why T. Rowe Price Group is a Top Socially Responsible Dividend Stock (TROW) on nasdaq.com. By BNK Invest.
One Article from AustraliaTitle: The Ethical Investor: El Niño is back! But there’s one ASX company that could benefit from a potential drought. By Eddy Sunarto on stockhead.com.au.
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Ending CommentWell, these are my top news stories with their stock and fund tips -- for this podcast titled: “Great Green Energy Stock Picks.”
Now, please be sure to click the like and subscribe buttons on Apple Podcasts, Google Podcasts, or wherever you download or listen to this podcast. That helps bring these podcasts to others like you.
And please click the share buttons to share this podcast with your friends and family. Let’s promote ethical and sustainable investing as a force for hope and prosperity in these terribly troubled times!
Contact me if you have any questions.
Thank you for listening and wishing you a wonderful Independence Day if you live in the US and a terrific Canada Day should you live in Canada.
Talk to you next on July 14th.
And, again, look at my new totally revised website at investingforthesoul.com! Tell me what you think!
Bye for now.
© 2023 Ron Robins, Investing for the Soul
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This podcast, “Socially Responsible Companies Investors Like,” includes these articles: “22 Socially Responsible Companies to Know,” by Jeff Rumage; “These are Canada’s 50 fastest-growing green companies of 2023,” by Rick Spence; and “Buy The Dip - 2 'Strong Buy' Renewable Energy Stocks,” by High Yield Investor…
Transcript & Links, Episode 108, June 16, 2023
Hello, Ron Robins here. So, welcome to my podcast episode 108 titled “Socially Responsible Companies Investors Like.” 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 totally revised website at investingforthesoul.com!
So, 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.
Now if any terms are unfamiliar to you, simply Google them.
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 so that I can get as many companies covered as possible in the time allowed. Please go to this podcast's webpage for links to the actual articles for more company and stock information.
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22 Socially Responsible Companies to KnowI’m beginning with this article titled 22 Socially Responsible Companies to Know. It’s by Jeff Rumage and found on builtin.com. Here are some of Mr. Rumage’s remarks about the 15 public companies he covers.
“1. Cisco (CSCO)Cisco has donated $494 million in cash and in-kind contributions to community programs, including its career training program. The company has also committed to investing $150 million for technology education and technology modernization at historically Black colleges and universities, and it has provided technology equipment and donations to Ukraine, too. Cisco plans to reach net zero carbon emissions across its value chain by 2040.
2. Allbirds (BIRD)Allbirds, a direct-to-consumer shoe and apparel company, uses natural materials like wool instead of synthetic materials. A certified B Corp, it pledged in 2021 to cut its carbon footprint in half by the end of 2025.
3. Warby Parker (WRBY)Warby Parker has been selling prescription glasses and sunglasses online since 2010. A certified B Corp, the company donates a pair of glasses or sunglasses for every pair sold.
4. HP (HPQ)HP reduced its greenhouse gas emissions by 59 percent compared to 2015 levels, and it plans to reach net-zero emissions across its entire value chain by 2040… More than 110 million ocean-bound plastic bottles have been retrieved and reused in HP’s ink cartridges.
5. Intel Corporation (INTC)Intel derives 93 percent of its electricity from renewable energy sources, and it aims to reach 100 percent by 2030. The company expects to reach net-zero greenhouse gas emissions by 2040.
6. Qualcomm (QCOM)Qualcomm, which manufactures semiconductors and wireless technology, has pledged to reach net-zero greenhouse gas emissions by 2040 and reduce power consumption in its flagship Snapdragon products by 10 percent every year.
7. Salesforce (CRM)Salesforce announced in 2021 that it had reached net zero carbon emissions across its value chain and that it purchases enough renewable energy to match its electricity usage… The company has also committed to donate $200 million to racial justice causes, spend $100 million with Black-owned businesses, and double its Black leadership in the U.S.
8. Stitch Fix (SFIX)Stitch Fix, an online clothing retailer that makes personalized outfit recommendations, is more than halfway to meeting its goal of using environmentally preferred materials in its private label products by 2025.
9. Microsoft (MSFT)Microsoft has pledged to go beyond carbon neutral and become ‘carbon negative’ by 2030… It also advocates for human rights, teaches in-demand digital skills and provides rural communities with affordable broadband access.
10. Google (Alphabet) (GOOG)Google has been carbon neutral since 2007 and is now working to transition to carbon-free energy sources by 2030. Since 2014, Google has invested more than $90 million to achieve equity in computer science and higher education, more than $400 million to create economic opportunities for communities of color and more than $45 million to support racial justice organizations.
11. adidas North AmericaAthletic apparel brand Adidas (ADS.DE) strives to make its operations carbon neutral by 2025… The company also aims to use environmentally preferred materials in 90 percent of its products by 2025.
12. Johnson & Johnson (JNJ)Johnson & Johnson, the manufacturer of pharmaceuticals, medical devices and consumer health products, gets more than half of its electricity from renewable energy sources. The company aims to be completely powered by renewable energy sources by 2025 and expects its operations to be carbon neutral by 2030.
13. Lemonade (LMND)Lemonade is a digital insurance company that has shaken up the industry’s business model. After covering the cost of claims and operational expenses, Lemonade distributes any leftover money from your insurance premium to the nonprofit of your choice.
14. Levi Strauss & Co. (LEVI)Levi’s has pledged to reach net-zero greenhouse gas emissions by 2050. The company estimates its Water
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