Opinions
Larry Berman CFA, CMT, CTA
Harvest Clean Energy ETF
HCLN-T
BUY ON WEAKNESS
Apr 26, 2021
An exciting sector. Sector goes into hype phases and then discounts future earnings. Now it has pulled back to trend and it is an interesting play here. Likes the pull back. Has been nibbling away for exposure and has a half position right now. A good way to play the sector.
$16.190
Stock price when the opinion was issued
E.T.F.'s
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BUY ON WEAKNESS
Allan Tong’s Discover Picks HCLN is unhedged, and charges a 0.4% MER. Holdings include the China Longyuan Power Group, First Solar (American), Boralex (Canada), Plug Power (American) and VERBIO Vereingte BioEnergie (German). There are some good names here, such as Northland Power. Over half the basket deals in renewable power generation, plus 23.7% in solar power, and a third of the companies are in the U.S. Read 3 Energy Stocks: The safe, the spec and the ETF for our full analysis.
E.T.F.'s
TOP PICK
Clean energy stocks have suffered. If you happen to own any clean energy stocks that are particularly beaten up, you have until around December 27 (check with your tax advisor) to effect some tax-loss trades. Selling a stock and cycling into a correlated ETF is recognized by the CRA (again, check with that advisor!). A way to right-size your portfolio but still get exposure to the clean energy investment themes that you want, and participate if there's a sudden and rapid recovery in the space.
Saw this similar strategy weeks ago with the bank stocks. If you have materials, look at XMA. If you own utilities, look at ZUT.
E.T.F.'s