Wednesday, March 31, 2021

We Are Returning AltEnergyStocks To The Blogroll

Tom Konrad's AltEnergyStocks blog was a dandy idea generator during the last go-round of clean/mean/green-tech. Because, of necessity, his universe of stocks are smaller-cap than we prefer we don't repost much on the individual names, instead focusing on trends and zeitgeist that those names might reveal.

Here are links to some of his recent posts:

Pop Goes the Clean Energy Stock Bubble

by Tom Konrad, Ph.D., CFA 2020 ended with a massive spike in clean energy stock prices.  From the end of October, election euphoria drove Invesco WilderHill Clean Energy ETF (PBW) from $63.32 to $136 at the close on February 9th, a 114% gain in 100 days.   Joe Biden is as strong a supporter of clean energy as Donald Trump was a supporter of big fossil fuel companies, but even with control of the presidency and both chambers of congress, there is a limit to what a president can do in a short time.  This is especially true when their top priority... 

10 Clean Energy Stocks: Returns Through February/ Poll

by Tom Konrad Ph.D., CFA I'm experimenting with how to display the returns of the 10 Clean Energy Stocks model portfolio.  My Patreon supporters seem fairly evenly split between the two options show below, so I'm opening the poll up to my broader readership. You can see the two most popular options below (with real return data through the end of February) and take the poll here. Comments are welcome as well. DISCLOSURE: Long all stocks in the model portfolio. 

Eneti and Brookfield Renewable Earnings

By Tom Konrad, Ph.D. CFA Here are a couple earnings notes I shared last week with my Patreon followers. Eneti, Inc. (NETI) - formerly Scorpio Bulkers (SALT) Eneti completed its name and ticker change on February 8th. New ticker is NETI (formerly Scorpio Bulkers (SALT), which I recently wrote about here. Highlights from February 2nd earnings report: 37 of the 47 vessels owned at the 3rd quarter have been sold or have completed sale agreements. Net asset value is $23.94/share. Since most assets are cash or vessels held for sale, this number is basically accurate. The stock is still a good buy... 
For folks playing along at home, the PBW manages to avoid many of the index construction/ETF construction problems you see in "ESG" funds, most notably that most ESG funds are actually just closet Nasdaq 100 trackers but with higher fees and slicker marketing.
Invesco WilderHill Clean Energy ETF (PBW)
98.19+3.94 (+4.18%) down from the $138.60 52-week high.
For what it's worth the PBW's all-time high was $144.20 on December 27, 2007
Finally, some thoughts on the backdrop to all this: