Renewable Stock Picks For 2020

2 Renewable Stock Picks For 2020

Despite the debates about renewable energy and climate change, the numbers clearly show that the US is decarbonizing its economies quickly. America has reduced carbon emissions more than any other this century. By 2030, the United States could generate a maximum of thirty percent of its total electricity from renewable wind/solar energy, and seventy percent from all zero-carbon energy sources combined.

If electric vehicles (EV) succeed as expected in the decade, then American decarbonization efforts are underway to meet previous close-term commitments in the Paris Agreement or the Clean Power Plan – even without a signed agreement. Click here to read more about Tesla and EV.

This movement suggests that renewable investor stocks have at least certain investments. Two leaders in this industry for investors to consider would be power company NextEra Energy Partners (NYSE: NEP) and solar hardware Enphase Energy (NASDAQ: ENPH).

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CA Fires Fuel Renewable Energy With Unpredictability

Pacific Gas and Electricity Companies in the Pacific or T&E, which exceeded northern California in 2017 and 2018, were mostly blamed. The overwhelming liabilities of these disasters forced the electrical utility to file the bankruptcy. In early 2019. They forced NextEra Energy Partners to tackle the effort, as the partnership sold electricity to PG&E in renewable energy contracts, which they feared would be significantly changed in the bankruptcy court.

The partnership handled the unpredictability very well. Indeed, less than two months after PG&E filed for bankruptcy, NextEra Energy Partners announced multiple measures to replace the generation of cash flows from assets associated with PG & E (were) and their 2019 growth objectives. Achieve. The partnership does not have to acquire any new assets until 2021 to achieve its stated target of annual distributions of at least 12% per annum.

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This does not necessarily mean that the business will be idle until 2021. NextEra Energy has a history of making the best of its relationship with NextEra Energy Resources (NEER), the power generation arm of NextEra Energy’s parent. A cohesive relationship enabled the partnership to end 2019 with 5,330 megawatts of renewable energy assets. The growth plans in one NEER could allow the collaboration to be sought, which grew by 12% per annum through 2024.

This is promising – and does not include a recent revival of the partnership’s natural gas pipeline business. While the ability to act on these ambitions depends on new funding, the business model allows NextEra Energy Partners to get loans based on cash flow projection/generation, which is relatively low fluctuation due to the nature of the electricity supply contracts entered into with customers. This gives investors the confidence that this renewable energy stock can continue to surpass the S&P 500 over the distance.

Is it OVERPRICE?

A combination of changing electrical codes, better technology application, and the end of the investment tax credit (ITC) for Enphase Energy solar projects allowed a profit from its leadership in solar micro-servers last year. The shares rose by 452% in 2019, although there was considerable volatility between investors and the definition of the word “overpriced.”

The same nervous energy is holding the stock at the beginning of 2020. Trading shares at 83 hours earnings from the last 12 months and estimated earnings 30 times in the future. The solar capital sits at 25 hours of book value, mainly because only a few assets are listed in the company’s balance sheet. But is the stock really expensive if investors do the long-term view?

Enphase Energy met last year thanks to a large market draw for its latest IQ 7 microservers. In the first nine months of 2019, 85% revenue grew year by year, and operating income jumped to $ 58.3 million, up from an operating loss of $ 3.4 million in the period a year ago. There were some indications that fourth-quarter income was weaker than would be expected for investors, but the business can continue to grow in the years ahead.

next energy partners nep stock chart

Next Energy Stock Recommendations

Oct-08-19 Upgrade Barclays Equal Weight → Overweight $52 → $61
Apr-01-19 Upgrade Goldman Neutral → Buy $45 → $49
Mar-07-19 Downgrade Barclays Overweight → Equal Weight $49
Feb-04-19 Upgrade Macquarie Neutral → Outperform
Oct-25-18 Downgrade BofA/Merrill Buy → Neutral
Jul-16-18 Downgrade Morgan Stanley Overweight → Equal-Weight
Jul-05-18 Downgrade Raymond James Outperform → Mkt Perform
Mar-16-18 Upgrade BofA/Merrill Underperform → Buy
Jan-02-18 Initiated Guggenheim Buy $45
Dec-12-17 Upgrade Morgan Stanley Equal-Weight → Overweight
Dec-07-17 Initiated Credit Suisse Outperform $44
Oct-24-17 Resumed BofA/Merrill Underperform $35
Jun-01-17 Initiated Williams Capital Group Buy $45
Mar-29-17 Downgrade Goldman Buy → Neutral
Feb-17-17 Initiated Raymond James Outperform $35
Nov-18-16 Initiated Credit Suisse Outperform
Nov-01-16 Upgrade Avondale Mkt Perform → Mkt Outperform
Oct-17-16 Upgrade UBS Neutral → Buy $31
Apr-05-16 Initiated RBC Capital Mkts Sector Perform $29
Nov-17-15 Initiated Scotia Howard Weil Sector Perform $32

Next Energy Stock 1 Day Moving Averages

Name Value Action
Exponential Moving Average (5) 54.57 Buy
Simple Moving Average (5) 54.54 Buy
Exponential Moving Average (10) 53.90 Buy
Simple Moving Average (10) 53.43 Buy
Exponential Moving Average (20) 53.36 Buy
Simple Moving Average (20) 53.09 Buy
Exponential Moving Average (30) 53.10 Buy
Simple Moving Average (30) 52.99 Buy
Exponential Moving Average (50) 52.72 Buy
Simple Moving Average (50) 52.62 Buy
Exponential Moving Average (100) 51.83 Buy
Simple Moving Average (100) 52.10 Buy
Exponential Moving Average (200) 50.18 Buy
Simple Moving Average (200) 49.80 Buy
Ichimoku Cloud Base Line (9, 26, 52, 26) 53.85 Neutral
Volume Weighted Moving Average (20) 53.31 Buy
Hull Moving Average (9) 55.59 Sell

Enphase Energy ENPH

Enphase Energy Stock Recommendations

Dec-03-19 Initiated Goldman Buy
Sep-16-19 Initiated JP Morgan Overweight $32
Jul-31-19 Upgrade H.C. Wainwright Neutral → Buy $36
Jun-26-19 Initiated Northland Capital Outperform $24
Jun-20-19 Downgrade H.C. Wainwright Buy → Neutral $16
Jun-12-19 Resumed B. Riley FBR Buy $21
Mar-25-19 Initiated Credit Suisse Neutral $10
Mar-19-19 Downgrade Raymond James Mkt Perform → Underperform
Feb-28-19 Reiterated H.C. Wainwright Buy $9 → $12
Jun-05-18 Reiterated Craig Hallum Buy $6 → $8
May-16-18 Initiated H.C. Wainwright Buy $8
Mar-27-18 Initiated B. Riley FBR, Inc. Buy $6
Feb-28-18 Upgrade ROTH Capital Neutral → Buy
Nov-20-17 Reiterated Craig Hallum Buy $4
Jun-20-17 Upgrade Deutsche Bank Sell → Hold $1
Nov-02-16 Upgrade Oppenheimer Perform → Outperform
Nov-02-16 Upgrade Avondale Mkt Perform → Mkt Outperform
Dec-16-15 Upgrade ROTH Capital Neutral → Buy $4
Nov-18-15 Reiterated ROTH Capital Neutral $3 → $1.90
Nov-04-15 Reiterated Oppenheimer Outperform $9 → $7

Enphase Energy Stock 1 Day Moving Averages

Name Value Action
Exponential Moving Average (5) 30.40 Buy
Simple Moving Average (5) 30.47 Buy
Exponential Moving Average (10) 29.94 Buy
Simple Moving Average (10) 30.39 Buy
Exponential Moving Average (20) 28.62 Buy
Simple Moving Average (20) 28.51 Buy
Exponential Moving Average (30) 27.49 Buy
Simple Moving Average (30) 27.14 Buy
Exponential Moving Average (50) 26.11 Buy
Simple Moving Average (50) 24.20 Buy
Exponential Moving Average (100) 24.38 Buy
Simple Moving Average (100) 24.47 Buy
Exponential Moving Average (200) 21.14 Buy
Simple Moving Average (200) 21.39 Buy
Ichimoku Cloud Base Line (9, 26, 52, 26) 27.82 Neutral
Volume Weighted Moving Average (20) 28.87 Buy
Hull Moving Average (9) 30.28 Buy
Pivots

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