Clean energy stocks are still the best energy stocks to own right now, despite President Donald Trump pulling the United States out of the Paris Climate Accord. In fact, renewable energy production will see over 100% growth by 2025.
To help investors find the right renewable energy stocks, we’re giving Money Morning readers our top clean energy stock pick today…
Money Morning Global Energy Strategist Dr. Kent Moors says the United States might be pulling out of the climate agreement, but that won’t stop renewable energy from being crucial to meeting the global demand for energy.
Moors says the climate agreement was non-binding and voluntary, so the United States’ decision to leave it won’t change much. A more significant development is President Trump’s attempt to end the “Clean Power Plan,” an Obama-era initiative to promote clean energy, because it’s currently America’s policy instead of a non-binding agreement.
Top Clean Energy Stocks To Own Right Now: AltaGas Ltd. (ATGFF)
- [By ]
AltaGas (OTCPK:ATGFF) agreed to acquire WGL (WGL) in January 2017, and the acquisition is still pending regulatory approval in DC, which is expected mid-2018. WGL operates Washington Gas, the gas utility in the region. The interesting play here I think is AltaGas. It offers a fairly well covered 8.5%+ dividend but has been beaten down as a result of concerns over the price paid for the WGL acquisition and the debt it will be required to take on in the deal. If the WGL acquisition does not receive regulatory approval, it’s very possible that AltaGas goes up. And if WGL is approved, it’s obviously a much better acquisition if Amazon picks anywhere in the DC area, as that should fuel a significant population increase for the gas utility business (some estimates of up to 1 million over 10 to 15 years). The projected growth in the gas utility business can serve as the foundation for AltaGas’s broader operations and allow them to finance debt at more attractive levels going forward. A mere re-rating to a market AFFO multiple would lead to substantial gains from the current 10-20% discount to market AFFO multiples, and a premium driven by the growth in Washington Gas could warrant a 10-20% premium to market AFFO multiples.
Top Clean Energy Stocks To Own Right Now: Regional Management Corp.(RM)
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Regional Management (RM)
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Top Clean Energy Stocks To Own Right Now: Canadian Solar Inc.(CSIQ)
- [By Paul Ausick]
Canadian Solar Inc. (NASDAQ: CSIQ) saw a decrease of 16.6% in short interest during the two-week period. Some 3.3% of the total float, or 1.49 million shares, were short and days to cover remained unchanged at three. The company’s share price fell by about 5.4% over the two weeks, and shares closed Wednesday at $16.26, up about 3.4% for the day, in a 52-week range of $12.07 to $19.09.
- [By Travis Hoium]
Canadian Solar (NASDAQ:CSIQ) is one of the biggest solar manufacturers in the world, producing about seven out of every 100 solar panels made last year. But the company doesn’t just make solar panels; it’s also become a leading developer of solar projects with a large presence in Brazil, Mexico, China, and the U.S.
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Verastem, Inc. (NASDAQ: VSTM) fell 9.7 percent to $4.73 in pre-market trading after announcing a $35 million common stock offering.
Evolus, Inc. (NASDAQ: EOLS) shares fell 8 percent to $13.48 in pre-market trading ahead of regulatory update at 8:30 a.m. ET.
XTL Biopharmaceuticals Ltd. (NASDAQ: XTLB) fell 6.5 percent to $2.01 in pre-market trading after climbing 10.50 percent on Tuesday.
Purple Innovation, Inc. (NASDAQ: PRPL) shares fell 5.8 percent to $9.36 in pre-market trading after reporting Q1 results.
Blink Charging Co. (NASDAQ: BLNK) fell 5.7 percent to $5.15 in pre-market trading after declining 5.04 percent on Tuesday.
RYB Education, Inc. (NYSE: RYB) shares fell 5 percent to $16.39 in pre-market trading following Q1 results.
Euro Tech Holdings Company Limited (NASDAQ: CLWT) shares fell 4.4 percent to $4.30 in pre-market trading after rising 40.62 percent on Tuesday.
Arbor Realty Trust, Inc. (NYSE: ABR) fell 4.4 percent to $8.92 in pre-market trading after announcing a 5.5 million share common stock offering.
Daxor Corporation (NYSE: DXR) fell 4.1 percent to $7.32 in pre-market trading.
Ormat Technologies, Inc. (NYSE: ORA) shares fell 3.8 percent to $51.03 in pre-market trading after the company announced plans to restate its Q2, Q3, Q4 and FY 2017 financial statements.
Canadian Solar Inc. (NASDAQ: CSIQ) fell 3.5 percent to $16.20 in pre-market trading after reporting Q1 results.
CELYAD SA/ADR (NASDAQ: CYAD) shares fell 3.3 percent to $29.70 in pre-market trading after the company reported launch of 1.8 million share offering
Top Clean Energy Stocks To Own Right Now: Deckers Outdoor Corporation(DECK)
- [By ]
The great trading opportunity we looked at is in Deckers Outdoor (NYSE: DECK). The stock is on a “buy” signal, according to my award-winning ITV indicator.
- [By Max Byerly]
Deckers Outdoor (NYSE: DECK) and Nike (NYSE:NKE) are both consumer discretionary companies, but which is the superior investment? We will compare the two businesses based on the strength of their analyst recommendations, institutional ownership, profitability, earnings, dividends, risk and valuation.
- [By ]
That tendency for more of the same is likely to be true for many companies, as well. Among the companies that are likely to continue with business as usual — at least in the short term — is Deckers Outdoor (NYSE: DECK).