YIELDCOS AND SOLAR INVESTING

Are Solar Energy Yieldcos Worth More Than Investors Think?

Paul Ausick, August 15, 2015 (24/7 Wallstreet)

“…Are solar stocks merely tracking stocks for oil company stocks? While that may appear to be the case, Bloomberg New Energy Finance suggested…the drop in oil prices could boost investments in renewable energy. Bloomberg reports that U.S. investment in clean energy rose from $48 billion in 2013 to $52 billion in 2014. Only China, which invested $89 billion in 2014, sunk more investment into clean energy last year. Globally, clean energy investment rose to $310 billion, the second highest total on record, behind only 2011’s $318 billion…[And according to Bloomberg, the] key drivers behind these numbers were: the brief window of renewed policy support for wind, the acceleration of the rooftop solar business; and the emerging phenomenon of ‘yieldcos’ (publicly listed companies that own operating renewable energy assets)…[But] yieldcos have tracked oil stocks down, with losses in a range of 11% to about 44%...[A]re investors missing something here? …[L]ook at five yieldcos: Abengoa Yield…NRG Yield…NextEra Energy Partners…TerraForm Power…[and] 8point3 Energy Partners…” click here for more

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