The Most Profitable Clean Energy Stocks. Plus…

Ethical & Sustainable Investing News to Profit By!

Ron Robins

Transcript & 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…”

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Bye for now.

© 2023 Ron Robins, Investing for the Soul