Ten Clean Energy Stocks For 2018: Third Quarter Earnings

Nov 06 15:11 2018 Print This Article

Tom Konrad Ph.D., CFA

After a fairly brutal September and October my Ten Clean Energy Stocks model portfolio is barely hanging on to positive territory for the year (up 2.4%) as is the private portfolio I manage, the Green Global Equity Income Portfolio (GGEIP, up 0.8%).  Yet I can take comfort in superior relative performance, since my broad dividend income benchmark SDY is now down 0.1% for the year, and the clean energy income benchmark YLCO has fallen 5.8%.  All returns are total return after fees and dividends.

The strong relative performance in a weak market is most likely due to the conservative nature of my picks, and mostly positive third quarter earnings, the details of which I will discuss below.

Top Picks

At the end of September, I emphasized that my top “stock” pick was cash rather than any particular stock, saying “This month’s pick is… increasing your cash position…, but if you really want to buy a stock, try GPP, CVA, or Brookfield Renewable (BEP).” This turned out to be a good call with the model portfolio down 3.4% for the month and the benchmarks down 4.8 and 4.6%. These picks were up 0.1%, down 9.6%, and down 9.9%, so I’m glad I pointed to cash as the best investment.  I’m not confident that the correction is over, but we seem to be heading into a temporary lull, and so I’m going to abandon cash as my top pick for November.  I liked third quarter earnings at Covanta (CVA) and  even as the market sold the stock, and I continue to believe that both Green Plains Partners and Brookfield are undervalued, so I will maintain these as my top short term picks.

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Alt Energy Stocks

AltEnergyStocks.com provides high-quality, original research into alternative energy, renewable energy, and clean technology companies. The goal for this website is to be the premier resource for investors who are looking to invest in alternative energy and cleantech stocks.

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