Podcast: Best Alternative Energy Stocks. Plus…

Best Alternative Energy Stocks. Plus… Articles include: “12 Best Alternative Energy Stocks To Buy Now”; “3 Stocks to Buy in CleanE energy”; “3 Renewable Energy Stocks That Are Too Cheap to Ignore”; “3 Renewable Energy Stocks You Should Be Buying Before 2022 Is Over”; ”10 Cheap ESG Stocks to Buy Now”; and seven more!

Transcript & Links, Episode 94, November 18, 2022

Hello, Ron Robins here. Welcome to my podcast episode 94 published on November 18, 2022, titled “Best Alternative Energy Stocks. Plus…” — and presented by Investing for the Soul. Investingforthesoul.com is your site for vital global ethical and sustainable investing mentoring, news, commentary, information, and resources.

Remember that you can find a full transcript, and links to content – including stock symbols 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 where you’ll find much more great company information. There are also seven article links below that time didn’t allow me to review here.

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1) Best Alternative Energy Stocks. Plus…

Now I’m going, to begin with, four articles recommending specific alternative energy-related stocks. The first article is titled 12 Best Alternative Energy Stocks To Buy Now by Hamna Asim on Yahoo.com. Here are some quotes by Mr. Hassim.

“We selected the following clean energy stocks based on growth fundamentals, positive analyst coverage, and strong market visibility. We have arranged the list according to the number of hedge fund holders in each firm, tracked by Insider Monkey as of the second quarter of 2022…

12. FuelCell Energy, Inc. (NASDAQ:FCEL)

Number of Hedge Fund Holders: 10

FuelCell Energy operates in the renewable energy, fuel cells, carbon capture, and energy storage industries. 

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

Hedge Fund Holders: 16

JinkoSolar is a solar panel manufacturer headquartered in Shanghai, China. It is one of the most popular clean energy stocks on Wall Street.

10. Ormat Technologies, Inc. (NYSE:ORA)

Hedge Fund Holders: 17

Ormat Technologies is a Nevada-based company that specializes in​​ alternative and renewable geothermal energy technology.

9. Brookfield Renewable Partners L.P. (NYSE:BEP)

Hedge Fund Holders: 19

Brookfield Renewable Partners owns and operates renewable power assets including hydroelectric plants, wind farms, solar facilities, and energy storage facilities.

8. SunPower Corporation (NASDAQ:SPWR)

Hedge Fund Holders: 21

SunPower Corporation is a California-based company focused on developing photovoltaic solar energy generation systems and battery energy storage products for residential customers.

7. Bloom Energy Corporation (NYSE:BE)

Fund Holders: 24

Bloom Energy Corporation is a California-based company that manufactures and markets solid oxide fuel cells that produce electricity on-site.

6. Sunnova Energy International Inc. (NYSE:NOVA)

Hedge Fund Holders: 25

Sunnova Energy International is a Texas-based company that provides residential solar energy systems in the United States.

5. First Solar, Inc. (NASDAQ:FSLR)

Hedge Fund Holders: 26

First Solar is an Arizona-based company that provides photovoltaic solar energy solutions in the United States, Japan, France, Canada, India, Australia, and internationally.

4. Sunrun Inc. (NASDAQ:RUN)

Hedge Fund Holders: 36

Sunrun is a California-based company that designs, develops, installs, and maintains residential solar energy systems in the United States.

3. SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Hedge Fund Holders: 40

SolarEdge Technologies is an Israel-based company that designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations worldwide.

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

Hedge Fund Holders: 53

Enphase Energy is a California-based company that designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally.

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

Hedge Fund Holders: 59

NextEra Energy is a Florida-based company that generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America.” End quotes.

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2. Best Alternative Energy Stocks. Plus…

The second article is titled 3 Stocks to Buy in CleanE energy. By Amber Lancaster on banyanhill.com. Here’s some of what Ms. Lancaster says about each of her picks.

“1. General Motors (NYSE: GM)

… is a worthy competitor with Tesla in the EV space. GM is investing in forward-thinking technologies that focus on zero-emission EV batteries. And it anticipates producing 1 million EVs by 2025.

2. Livent (NYSE: LTHM)

… produces the lithium compounds used in EVs, Polymers, Lithium alloys, High-performance lubricants, And much more.

3. ChargePoint Holdings (NYSE: CHPT)

… is the largest public charging network in North America. It offers a fully integrated charging solution with hardware, software and servicing.” End quotes.

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3. Best Alternative Energy Stocks. Plus…

The third article is titled 3 Renewable Energy Stocks That Are Too Cheap to Ignore. By Adam Othman at The Motley Fool Canada on ca.finance.yahoo.com. Here are some brief quotes on Mr. Othman’s recommendations.

“1. Brookfield Renewable Partners (TSX:BEP.UN)

… is a $10.88 billion market capitalization subsidiary of a massive alternative investment management company. The company owns and operates a growing portfolio of diversified and renewable power assets located worldwide… As of this writing, the stock trades for $39.53 per share, boasting a 4.24% dividend yield.

2. Northland Power (TSX:NPI)

… is a $9.49 billion market capitalization power producer headquartered in Toronto. The company develops, owns, and operates a portfolio of clean and green energy infrastructure assets worldwide.

The company primarily focuses on creating offshore wind farms.

3. TransAlta Renewables (TSX:RNW)

… is a $3.90 billion market capitalization renewable energy company headquartered in Calgary… its lower valuation has inflated its payouts to a juicy 6.42% dividend yield. Despite its declining share price performance on the stock market, the company is solid.” End quotes.

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4. Best Alternative Energy Stocks. Plus…

And the fourth article is 3 Renewable Energy Stocks You Should Be Buying Before 2022 Is Over. It’s by Christopher Liew also at The Motley Fool Canada and on ca.finance.yahoo.com. As per the previous article, Mr. Liew also recommends TransAlta Renewables (TSX:RNW) and Brookfield Renewable Partners (TSX:BEP.UN). His third recommendation is Boralex (TSX:BLX), which he says:

“Develops and acquires renewable energy production sites that deliver attractive, risk-adjusted returns on invested capital… The total return in 3.01 years is 85.68%, representing a compound annual growth rate (CAGR) of 22.82%... the stock pays a modest 1.71%. The $3.95 billion company operates in North America and Europe.” End quotes.

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10 Cheap ESG Stocks to Buy Now

The last article I’m covering is titled 10 Cheap ESG Stocks to Buy Now. It’s by the Insider Monkey Team and found on yahoo.com. Now some brief quotes from their article.

“For our list of 10 Cheap ESG Stocks to Buy Now, we took 10 stocks with a forward P/E of under 15 that were among Vanguard ESG U.S. Stock ETF (ESGV)'s top 33 holdings as of 11/8/2022 in terms of % of the fund.

Using the collective wisdom of hedge funds, we ranked the 10 based on the number of hedge funds in our database that owned shares of the same stock at the end of Q2 2022.

10. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 58

In its ESG 2021 report, Verizon Communications said it is working to achieve net zero emissions in its operations by 2035…

In 2021, Verizon Communications also made a multi-year pledge of $3 billion ‘to uplift vulnerable communities, help close the digital divide, and contribute to the achievement of the UN SDGs. As part of this we are providing 10 million youths with digital skills training, supporting 1 million small businesses with tech resources and tools and upskilling 500 thousand individuals with tech training, all by 2030.’

9. Cisco Systems, Inc. (NASDAQ:CSCO)

Hedge Fund Holders: 63

Cisco Systems has a goal to reach net zero across scope 1, 2, and 3 emissions by 2040… Cisco Systems also contributed $477 million in cash and in kind contributions to community programs in FY21.

8. Broadcom Inc. (NASDAQ:AVGO)

Hedge Fund Holders: 66

Broadcom's ESG initiatives include donating more than $1.2 million for COVID-19 relief in 2021 as well as launching the Diversity@Broadcom initiative to encourage a more diverse, equitable and inclusive community.

7. Bristol-Myers Squibb Company (NYSE:BMY)

Hedge Fund Holders: 69

Bristol-Myers Squibb is an ESG leader as the company has committed to reducing its total energy use by 15% and to reduce water usage in all its facilities. (It) also hopes to provide equal opportunities to its employees and is committed to supporting the U.N. principles on human rights.

6. Pfizer Inc. (NYSE:PFE)

Hedge Fund Holders: 70

Pfizer is a leading ESG company given it prioritizes the health and well-being of society and the environment in which the company operates. The company has also focused on climate change impact mitigation as well as the reduction of waste arising from its operations.

5. AbbVie Inc. (NYSE:ABBV)

Hedge Fund Holders: 71

AbbVie Inc. has an environmental goal of reducing its carbon emissions by 25% from its 2015 baseline and to reduce its waste created by its businesses. The company has also been very inclusive with 51% of its management positions held by women.

4. Merck & Co., Inc. (NYSE:MRK)

Hedge Fund Holders: 79

According to the company in August, Merck is on track to achieve carbon neutrality across its operations by 2025 and to source 100% of its purchased electricity from renewables in the same year. In 2021, Merck also increased representation of women globally to 36% up from 31% in 2020.

3. Bank of America Corporation (NYSE:BAC)

Hedge Fund Holders: 99

Bank of America has long had a commitment to environmental sustainability as the company has goal to achieve net zero greenhouse gas emissions in its financing activities, operations and supply chain before 2050.

2. JPMorgan Chase & Co. (NYSE:JPM)

Hedge Fund Holders: 104

JPMorgan Chase as the leading bank has a sustainable development target to finance and facilitate over $2.5 trillion over 10 years to help address climate change and promote sustainable development.

1. Meta Platforms, Inc. (NASDAQ:META)

Hedge Fund Holders: 184

Meta Platforms ranks among the leading ESG companies given that its mission is to give people the power to build community and to bring the world closer together. Meta Platforms has also worked to build a diverse and inclusive workplace and is striving for net zero value chain emissions in 2030.” End quotes.

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Now some Other Honorable Mentions – no particular order

1) Title: International Business Machines a Top Socially Responsible Dividend Stock With 4.8% Yield (IBM) on etfchannel.com. By ETF staff.

2) Title: FIS Named A Top Socially Responsible Dividend Stock on Nasdaq.com. By BNK Invest.

3) Title: 15 Largest Renewable Energy Companies by Market Cap on yahoo.com. By Muhammad Jamal Akbar, Insider Monkey.

4) Title: Zacks Market Edge Highlights: SQM, ALB, JKS, PXD, NEE on yahoo.com. By Zacks Equity Research.

5) Title: Renewable energy stocks: Three that could benefit from the green transition on capital.com. By Angela Barnes.

6) Title: Here are stocks with excellent vital signs in the health-care sector on cnbc.com. By Dave S. Gilreath.

UK article

Title: 10 Best Sustainable Investments UK for November 2022 on business2community.com. By Connor Brooke.

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Ending Comment

Well, these are my top news stories with their stock and fund tips -- for this podcast: “Best Alternative Energy Stocks. Plus…”

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Talk to you next on December 2nd.

Bye for now.

© 2022 Ron Robins, Investing for the Soul