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Top Clean Energy Stocks To Buy Now? 3 For Your List

Could these clean energy stocks have investors seeing green in the long run?
The post Top Clean Energy Stocks To Buy Now? 3 For Your List appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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3 Trending Clean Energy Stocks To Watch Today

Clean energy stocks are among the more recent sectors gaining traction in the stock market now. In this group of stocks lies a growing list of companies whose services contribute to the fight against climate change. By and large, this includes solar, hydrogen, and wind energy firms among other renewable energy sources. All of which offer consumers and organizations alike more sustainable energy solutions across the board. In fact, the International Energy Association (IEA) estimates that 2021 could be a record year for renewable power installations. This was mentioned in its Renewables Market Report posted earlier today. In the long run, the IEA also sees global renewable electricity capacities soaring to over 4,800 gigawatts by 2026, a sizable 60% increase from 2020 levels.

At the same time, there are plenty of companies making moves in the broader clean energy space as well. Namely, we could look at the electric vehicle (EV) industry now. As governments across the globe look to reduce their overall carbon emissions, EVs are becoming a go-to. Speaking of EVs, some of the biggest names in the Chinese EV industry posted their November delivery figures today. Among the ones to note now would be Nio (NYSE: NIO). In brief, the company delivered 10,878 vehicles throughout November. This marks a whopping 105.6% year-over-year increase. In terms of year-to-date deliveries, Nio is looking at a year-over-year jump of over 120%.

Not to mention, even conventional energy giants such as Royal Dutch Shell (NYSE: RDS.A) are getting in on the action. Just this week, it announced a partnership with Nio to expand its battery swapping operations in China and Europe through 2025. Overall, there appears to be plenty of activity in the clean energy world now. Could that make these clean energy stocks top picks in the stock market today?

Top Clean Energy Stocks To Buy [Or Sell] This Week

Enphase Energy Inc.

Starting us off today is Enphase Energy. In essence, the company primarily focuses on providing solar energy-focused solutions to consumers. It accomplishes this via a portfolio of micro inverter-based home energy grid services and related system monitoring offerings. Moreover, Enphase is the world’s leading supplier of such solar home systems. All of which can be controlled via the company’s proprietary smartphone app. To date, Enphase has reportedly shipped over 39 million microinverters and over 1.7 million of its systems. For a sense of scale, this is to customers across over 130 countries worldwide.

Now, given Enphase’s immense presence in the consumer-focused solar energy market, investors could be eyeing ENPH stock. Evidently, the company’s shares are already sitting on gains of over 75% in the past six months. Once you factor in the current strength in consumer markets and global green initiatives, this is understandable. Some would argue that a hard pivot towards clean energy tech is inevitable as climate change worsens over time. As such, investors could be looking to get a slice of the Enphase pie before then.

Industry tailwinds aside, Enphase seems to be going from strength to strength on the operational front as well. Earlier this week, news broke of its Enphase Energy Tech being a go-to for the Australian government. To highlight, CCO Dave Ranhoff said, “Our distributed and all-AC architecture combined with panel-level monitoring means there is no doubt that Enphase micro inverter-based solar systems are smart and safer choices for solar assets installed on commercial facilities.” In light of Enphase’s current momentum, would you consider ENPH stock a buy?

clean energy stocks (ENPH stock)
Source: TD Ameritrade TOS

[Read More] Best Monthly Dividend Stocks To Buy? 4 For Your December 2021 Watchlist

Xpeng Inc.

Following that, we will be taking a look at Xpeng. In short, Xpeng is a Chinese EV manufacturer that is based in Guangzhou, China. As you can imagine, the company specializes in designing, developing, manufacturing, and marketing EVs. The likes of which are catered to a “large and growing base of tech-savvy middle-class consumers” according to Xpeng. To help optimize its customers’ experiences, the company boasts a wide array of features in its vehicles. This includes full-stack autonomous driving tech and an in-car intelligent operating system to name a few.

All in all, XPEV stock seems to be gaining momentum in the stock market. Over the past month, the company’s shares are currently up by over 14%. Thanks to its latest announcement earlier today, I could see this trend persisting. Notably, Xpeng announced its vehicle delivery results for November. In detail, the company delivered 15,613 vehicles throughout the month. This adds up to a massive 270% year-over-year increase. Also, Xpeng’s P7 smart sports sedan appears to be gaining in popularity seeing as its November sales soared 187% year-over-year.

Furthermore, the company also highlights that these impressive results are in line with its delivery targets. Considering that global supply chain issues persist, this is a win for Xpeng. Given all of this, will you be adding XPEV stock to your portfolio anytime soon?

XPEV stock chart
Source: TD Ameritrade TOS

[Read More] Best Growth Stocks To Buy? 4 E-Commerce Stocks To Watch

First Solar Inc.

Last but not least, we have First Solar, a manufacturer of solar panels and provider of utility-scale photovoltaic (PV) power plants. In fact, the company is a leading solar technology company and global provider of sustainably produced eco-efficient solar modules. Its advanced thin-film PV modules represent next-generation solar technologies. Furthermore, they provide a competitive, high-performance alternative to conventional crystalline silicon PV panels.

On November 22, 2021, the company announced that global solar leader Lightsource bp and integrated energy company bp have placed multi-year orders for First Solar’s advanced PV solar modules. The multi-year agreement will see up to 5.4 gigawatts of solar modules. This would be the largest framework agreement in the company’s history, and its modules will be scheduled for delivery between 2023 and 2025 to support the companies’ solar development pipelines in the U.S. Under the agreement, First Solar has firm orders for 1.55GWDC of modules in 2023, 1.3GWDC in 2024, and 1.55GWDC in 2025.

Last month, the company also announced its third-quarter financials. Diving in, it reported net sales of $584 million. First Solar also posted a net income per diluted share of $0.42 and ended the quarter with $1.9 billion in cash and cash equivalents. Besides, the company reported a third-quarter production of 2-gigawatt DC despite the challenging freight and COVID-19 environment. Also, it maintains its 2021 EPS guidance of $4.00 to $4.60. All things considered, is FSLR stock worth investing in right now?

FSLR stock
Source: TD Ameritrade TOS

The post Top Clean Energy Stocks To Buy Now? 3 For Your List appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Analyst reviews Apple stock price target amid challenges

Here’s what could happen to Apple shares next.

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They said it was bound to happen.

It was Jan. 11, 2024 when software giant Microsoft  (MSFT)  briefly passed Apple  (AAPL)  as the most valuable company in the world.

Microsoft's stock closed 0.5% higher, giving it a market valuation of $2.859 trillion. 

It rose as much as 2% during the session and the company was briefly worth $2.903 trillion. Apple closed 0.3% lower, giving the company a market capitalization of $2.886 trillion. 

"It was inevitable that Microsoft would overtake Apple since Microsoft is growing faster and has more to benefit from the generative AI revolution," D.A. Davidson analyst Gil Luria said at the time, according to Reuters.

The two tech titans have jostled for top spot over the years and Microsoft was ahead at last check, with a market cap of $3.085 trillion, compared with Apple's value of $2.684 trillion.

Analysts noted that Apple had been dealing with weakening demand, including for the iPhone, the company’s main source of revenue. 

Demand in China, a major market, has slumped as the country's economy makes a slow recovery from the pandemic and competition from Huawei.

Sales in China of Apple's iPhone fell by 24% in the first six weeks of 2024 compared with a year earlier, according to research firm Counterpoint, as the company contended with stiff competition from a resurgent Huawei "while getting squeezed in the middle on aggressive pricing from the likes of OPPO, vivo and Xiaomi," said senior Analyst Mengmeng Zhang.

“Although the iPhone 15 is a great device, it has no significant upgrades from the previous version, so consumers feel fine holding on to the older-generation iPhones for now," he said.

A man scrolling through Netflix on an Apple iPad Pro. Photo by Phil Barker/Future Publishing via Getty Images.

Future Publishing/Getty Images

Big plans for China

Counterpoint said that the first six weeks of 2023 saw abnormally high numbers with significant unit sales being deferred from December 2022 due to production issues.

Apple is planning to open its eighth store in Shanghai – and its 47th across China – on March 21.

Related: Tech News Now: OpenAI says Musk contract 'never existed', Xiaomi's EV, and more

The company also plans to expand its research centre in Shanghai to support all of its product lines and open a new lab in southern tech hub Shenzhen later this year, according to the South China Morning Post.

Meanwhile, over in Europe, Apple announced changes to comply with the European Union's Digital Markets Act (DMA), which went into effect last week, Reuters reported on March 12.

Beginning this spring, software developers operating in Europe will be able to distribute apps to EU customers directly from their own websites instead of through the App Store.

"To reflect the DMA’s changes, users in the EU can install apps from alternative app marketplaces in iOS 17.4 and later," Apple said on its website, referring to the software platform that runs iPhones and iPads. 

"Users will be able to download an alternative marketplace app from the marketplace developer’s website," the company said.

Apple has also said it will appeal a $2 billion EU antitrust fine for thwarting competition from Spotify  (SPOT)  and other music streaming rivals via restrictions on the App Store.

The company's shares have suffered amid all this upheaval, but some analysts still see good things in Apple's future.

Bank of America Securities confirmed its positive stance on Apple, maintaining a buy rating with a steady price target of $225, according to Investing.com

The firm's analysis highlighted Apple's pricing strategy evolution since the introduction of the first iPhone in 2007, with initial prices set at $499 for the 4GB model and $599 for the 8GB model.

BofA said that Apple has consistently launched new iPhone models, including the Pro/Pro Max versions, to target the premium market. 

Analyst says Apple selloff 'overdone'

Concurrently, prices for previous models are typically reduced by about $100 with each new release. 

This strategy, coupled with installment plans from Apple and carriers, has contributed to the iPhone's installed base reaching a record 1.2 billion in 2023, the firm said.

More Tech Stocks:

Apple has effectively shifted its sales mix toward higher-value units despite experiencing slower unit sales, BofA said.

This trend is expected to persist and could help mitigate potential unit sales weaknesses, particularly in China. 

BofA also noted Apple's dominance in the high-end market, maintaining a market share of over 90% in the $1,000 and above price band for the past three years.

The firm also cited the anticipation of a multi-year iPhone cycle propelled by next-generation AI technology, robust services growth, and the potential for margin expansion.

On Monday, Evercore ISI analysts said they believed that the sell-off in the iPhone maker’s shares may be “overdone.”

The firm said that investors' growing preference for AI-focused stocks like Nvidia  (NVDA)  has led to a reallocation of funds away from Apple. 

In addition, Evercore said concerns over weakening demand in China, where Apple may be losing market share in the smartphone segment, have affected investor sentiment.

And then ongoing regulatory issues continue to have an impact on investor confidence in the world's second-biggest company.

“We think the sell-off is rather overdone, while we suspect there is strong valuation support at current levels to down 10%, there are three distinct drivers that could unlock upside on the stock from here – a) Cap allocation, b) AI inferencing, and c) Risk-off/defensive shift," the firm said in a research note.

Related: Veteran fund manager picks favorite stocks for 2024

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Major typhoid fever surveillance study in sub-Saharan Africa indicates need for the introduction of typhoid conjugate vaccines in endemic countries

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high…

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There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

Credit: IVI

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

 

The findings from this 4-year study, the Severe Typhoid in Africa (SETA) program, offers new typhoid fever burden estimates from six countries: Burkina Faso, Democratic Republic of the Congo (DRC), Ethiopia, Ghana, Madagascar, and Nigeria, with four countries recording more than 100 cases for every 100,000 person-years of observation, which is considered a high burden. The highest incidence of typhoid was found in DRC with 315 cases per 100,000 people while children between 2-14 years of age were shown to be at highest risk across all 25 study sites.

 

There are an estimated 12.5 to 16.3 million cases of typhoid every year with 140,000 deaths. However, with generic symptoms such as fever, fatigue, and abdominal pain, and the need for blood culture sampling to make a definitive diagnosis, it is difficult for governments to capture the true burden of typhoid in their countries.

 

“Our goal through SETA was to address these gaps in typhoid disease burden data,” said lead author Dr. Florian Marks, Deputy Director General of the International Vaccine Institute (IVI). “Our estimates indicate that introduction of TCV in endemic settings would go to lengths in protecting communities, especially school-aged children, against this potentially deadly—but preventable—disease.”

 

In addition to disease incidence, this study also showed that the emergence of antimicrobial resistance (AMR) in Salmonella Typhi, the bacteria that causes typhoid fever, has led to more reliance beyond the traditional first line of antibiotic treatment. If left untreated, severe cases of the disease can lead to intestinal perforation and even death. This suggests that prevention through vaccination may play a critical role in not only protecting against typhoid fever but reducing the spread of drug-resistant strains of the bacteria.

 

There are two TCVs prequalified by the World Health Organization (WHO) and available through Gavi, the Vaccine Alliance. In February 2024, IVI and SK bioscience announced that a third TCV, SKYTyphoid™, also achieved WHO PQ, paving the way for public procurement and increasing the global supply.

 

Alongside the SETA disease burden study, IVI has been working with colleagues in three African countries to show the real-world impact of TCV vaccination. These studies include a cluster-randomized trial in Agogo, Ghana and two effectiveness studies following mass vaccination in Kisantu, DRC and Imerintsiatosika, Madagascar.

 

Dr. Birkneh Tilahun Tadesse, Associate Director General at IVI and Head of the Real-World Evidence Department, explains, “Through these vaccine effectiveness studies, we aim to show the full public health value of TCV in settings that are directly impacted by a high burden of typhoid fever.” He adds, “Our final objective of course is to eliminate typhoid or to at least reduce the burden to low incidence levels, and that’s what we are attempting in Fiji with an island-wide vaccination campaign.”

 

As more countries in typhoid endemic countries, namely in sub-Saharan Africa and South Asia, consider TCV in national immunization programs, these data will help inform evidence-based policy decisions around typhoid prevention and control.

 

###

 

About the International Vaccine Institute (IVI)
The International Vaccine Institute (IVI) is a non-profit international organization established in 1997 at the initiative of the United Nations Development Programme with a mission to discover, develop, and deliver safe, effective, and affordable vaccines for global health.

IVI’s current portfolio includes vaccines at all stages of pre-clinical and clinical development for infectious diseases that disproportionately affect low- and middle-income countries, such as cholera, typhoid, chikungunya, shigella, salmonella, schistosomiasis, hepatitis E, HPV, COVID-19, and more. IVI developed the world’s first low-cost oral cholera vaccine, pre-qualified by the World Health Organization (WHO) and developed a new-generation typhoid conjugate vaccine that is recently pre-qualified by WHO.

IVI is headquartered in Seoul, Republic of Korea with a Europe Regional Office in Sweden, a Country Office in Austria, and Collaborating Centers in Ghana, Ethiopia, and Madagascar. 39 countries and the WHO are members of IVI, and the governments of the Republic of Korea, Sweden, India, Finland, and Thailand provide state funding. For more information, please visit https://www.ivi.int.

 

CONTACT

Aerie Em, Global Communications & Advocacy Manager
+82 2 881 1386 | aerie.em@ivi.int


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US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

Earlier today, CNBC’s…

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US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever... And Debt Explodes

Earlier today, CNBC's Brian Sullivan took a horse dose of Red Pills when, about six months after our readers, he learned that the US is issuing $1 trillion in debt every 100 days, which prompted him to rage tweet, (or rageX, not sure what the proper term is here) the following:

We’ve added 60% to national debt since 2018. Germany - a country with major economic woes - added ‘just’ 32%.   

Maybe it will never matter.   Maybe MMT is real.   Maybe we just cancel or inflate it out. Maybe career real estate borrowers or career politicians aren’t the answer.

I have no idea.  Only time will tell.   But it’s going to be fascinating to watch it play out.

He is right: it will be fascinating, and the latest budget deficit data simply confirmed that the day of reckoning will come very soon, certainly sooner than the two years that One River's Eric Peters predicted this weekend for the coming "US debt sustainability crisis."

According to the US Treasury, in February, the US collected $271 billion in various tax receipts, and spent $567 billion, more than double what it collected.

The two charts below show the divergence in US tax receipts which have flatlined (on a trailing 6M basis) since the covid pandemic in 2020 (with occasional stimmy-driven surges)...

... and spending which is about 50% higher compared to where it was in 2020.

The end result is that in February, the budget deficit rose to $296.3 billion, up 12.9% from a year prior, and the second highest February deficit on record.

And the punchline: on a cumulative basis, the budget deficit in fiscal 2024 which began on October 1, 2023 is now $828 billion, the second largest cumulative deficit through February on record, surpassed only by the peak covid year of 2021.

But wait there's more: because in a world where the US is spending more than twice what it is collecting, the endgame is clear: debt collapse, and while it won't be tomorrow, or the week after, it is coming... and it's also why the US is now selling $1 trillion in debt every 100 days just to keep operating (and absorbing all those millions of illegal immigrants who will keep voting democrat to preserve the socialist system of the US, so beloved by the Soros clan).

And it gets even worse, because we are now in the ponzi finance stage of the Minsky cycle, with total interest on the debt annualizing well above $1 trillion, and rising every day

... having already surpassed total US defense spending and soon to surpass total health spending and, finally all social security spending, the largest spending category of all, which means that US debt will now rise exponentially higher until the inevitable moment when the US dollar loses its reserve status and it all comes crashing down.

We conclude with another observation by CNBC's Brian Sullivan, who quotes an email by a DC strategist...

.. which lays out the proposed Biden budget as follows:

The budget deficit will growth another $16 TRILLION over next 10 years. Thats *with* the proposed massive tax hikes.

Without them the deficit will grow $19 trillion.

That's why you will hear the "deficit is being reduced by $3 trillion" over the decade.

No family budget or business could exist with this kind of math.

Of course, in the long run, neither can the US... and since neither party will ever cut the spending which everyone by now is so addicted to, the best anyone can do is start planning for the endgame.

Tyler Durden Tue, 03/12/2024 - 18:40

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