NewEnergyNews More: Guidance On New Energy Investing

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  • Tuesday, September 3, 2019

    Guidance On New Energy Investing

    3 Top Renewable Energy Stocks to Buy Right Now; These wind and solar power companies seem poised to outperform.

    John Bromels, Rich Smith, And Travis Hoium, August 30, 2019 (The Motley Fool)

    “…[Since many New Energy] companies are based on emerging technologies or are dependent on economic conditions and public policies that can change rapidly, it can be hard to pick top renewable energy stocks...[As starters, Motley Fool contributors recommended] SunPower (NASDAQ:SPWR), TPI Composites (NASDAQ:TPIC), and TerraForm Power (NASDAQ:TERP)…SunPower's high-efficiency solar panels are perfect for space-constrained home roofs, and that's really the company's bread-and-butter business. Residential solar systems were just 11% of the megawatts of solar panels deployed in the second quarter, but 36% of revenue…Over the next few years, SunPower will be upgrading to a manufacturing process that will make larger solar cells, which will cut its costs to be more in line with commodity-level competition. That should help push gross margins from the 8% last quarter to over 20%...SunPower isn't profitable, but it's heading in that direction, and if current trends continue, it could start turning profits by the end of 2019…

    … [Shares of windmill blade-maker TPI Composites crashed hard after its August earnings report, and its stock is] down 30% since the earnings report…[While it expands and retools its manufacturing capacity, it is] trading at an enterprise value of just 0.7 times its $1.2 billion in trailing sales…[But Aaccording to data from S&P Global Market Intelligence, the company has never closed out a quarter with a valuation this low…[While currently unprofitable, analysts predict that by 2022] the company will more than triple its annual EBITDA to nearly $300 million…[and] grow to earn more than $4 a share in just three short years…[TerraForm Power is one of the best yeildcos, currently yielding an annual return of] about 4.6%...[After parent Sun Edison went bankrupt, the well-managed Brookfield Asset Management took over] as TerraForm's majority shareholder and sponsor, and the company has experienced a dramatic turnaround… Management has targeted an annual dividend increase of 5% to 8% a year through 2022, and looks on track to achieve that goal…” click here for more


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