Iberdrola (IBD)

A gas and utility company that's generating more and more from renewables. 4% dividend yield is attractive in a low bond yield environment. Low GDP growth at best. A decent company. Not a bad place to be for income in euros. If yields start to rise, all the utilities will be under pressure.

A favrourite green energy stock, globally. It's based in Spain, but operates around the world. It creates solar and wind energy. IBR boasts cash flow and pays a growing 4% dividend. The Wall Street Journal ranks this the 5th-mos sustainable company in the world, so it scores very high in ESG. A strong runway lies ahead. He thinks the stock will double every 5-6 years based on high-single digit growth which is double a utility's rate. It's pulled back 15% in the last 3 weeks. The IBR ADR in the US isn't liquid, so it's better to buy the Spanish stock.

Madrid exchange. Largest producer of renewable power (wind) globally. The #1 player in Spain and the UK and #2 in the US. From 2007 to 2008 they increased wind production by 71%. The conservative target going forward is 30% a year.