Looking to invest in green energy? Wind energy has been experiencing great success, and solar energy is getting cheap. Companies like Tesla, Green Power and New Flyer are also working on utilizing this clean energy.
Here’s what a New Flyer electric bus look like :
Greenpower has the electric version of the yellow school bus :
And you probably already know what a Tesla look like, but we never get tired of looking at those Falcon Wing doors so here they are for your pleasure :
Enough with the pictures! We selected the top 8 companies on Stockchase with a focus on renewable energy, the electric vehicle companies being the most interesting for sure but turning waste-to-energy companies also fascinate me. Isn’t it how Doc Brown powers his car at the end of the movie Back to the Future? :
Covanta Holding Corp. (CVA-N)
Energy from waste. Instead of sending garbage into a landfill, it is burnt and convert methane into carbon dioxide. (Further info from Peter. "There is a legacy insurance business within the company though a majority of revenue comes from Energy from Waste." Bill.)
Canadian Solar Inc. (CSIQ-Q)
Produce solar cells in China. Q3 results had earnings of $.11 while the street was expecting $0.05. Have announced contracts to sell modules to a group to build a farm in Spain. Still under 20X 2009 earnings.
One of the most expensive solar stocks. Will be the IBM, Dell or Mac in the solar space. In the most recent quarter they announced they will be able to produce solar cells at a cost of $1.15 a watt. As the polysilicon shortage unwinds itself, they will have an advantage.
Some of the diversified utilities are well-positioned. Their rate structure is based on a cost plus so oil prices do not affect them. As the economy grows, more power will be required.
(A Top Pick Sept 28/11. Up 22.45%.) Getting close to being fully valued and he is starting to Sell it. Has had phenomenal growth and is very conservatively managed. Doesn’t see much upside so is basically holding it for its yield.
Tesla Motors Inc (TSLA-Q)
He has been long and short trading this one based on the volatility. In the last 4-6 months it has had enormous volatility. It would not be a core holding for them. He prefers owning the supply side of this space – into robotics and chips instead. He would trade this instead – buying at…
They make electric busses. They have a functioning product, they have sales and insiders are investing their own money. VW had to pay fines due to their scandal and the money is earmarked for green transportation.
(A Top Pick May 17/18, Down 41%) They had challenges that spooked investors. He thinks it is cheap at 9 times earnings and does not feel the dividend of over 5% is at risk. He will continue to hold it. It is cheap here.