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Chicago, IL – November 14, 2022 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here:
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.
This week, Tracey is joined by Zacks Stock Strategist, Ben Rains, who is also the editor of Zacks new newsletter, the Alternative Energy Innovator, to discuss how to invest in alternative energy companies.
There’s no actual “industry” that is just alternative energy, like there is for oil. Investors have to seek it out amidst other industries including solar and chemicals. Sometimes, you may simply stumble across a company innovating in alternative energy just by taking a look at some top Zacks Ranked stocks.
That makes it difficult to know what is “alternative energy” and what isn’t.
The Lithium Producers
But some industries are more obvious than others. Lithium is used in electric vehicle batteries. It’s becoming an important part of the EV infrastructure.
SQM (SQM - Free Report) is a Chilean producer who is one of the largest lithium producers in the world. Earnings of SQM are expected to soar 530% this year as lithium prices have tripled.
SQM is cheap, as earnings soar, with a forward P/E of just 7.6.
Albemarle (ALB - Free Report) is also a lithium producer but it is headquartered in the United States. Albemarle’s earnings are expected to rise 429% in 2022 and another 33% in 2023.
Like SQM, Albemarle is also cheap with a forward P/E of 13.4. It also pays a dividend, currently yielding 0.6%.
Should lithium be on your radar?
Is it Finally Time for Solar?
An obvious area for alternative energy is solar. But investors have been waiting many years for solar to finally take off. It only generates 3% of the US energy.
2023 could be the year for solar.
JinkoSolar (JKS - Free Report) , a Chinese solar company, is up 4.3% year-to-date. JinkoSolar shares are cheap. It is trading with a forward P/E of 13.6.
But the analysts are bullish about this year and next. Earnings are expected to jump 115% in 2022 and continue to rise in 2023, gaining another 68.4%.
Is the growth story finally there in the solar stocks like JinkoSolar?
What About Fossil Fuel Companies?
Some fossil fuel companies are looking to the future and turning their focus to alternative energy. Could they be a legitimate alternative energy play?
Pioneer Natural Resources , for example, has 2 renewable projects that will provide power to the company’s Permian Basin and Texas electric grid. It participates in the 160 MW Concho Valley Solar project.
Pioneer Natural Resources is also working with NextEra Energy (NEE - Free Report) to develop a 140 MW wind generation facility on Pioneer Natural Resources’ land in Midland, Texas.
NextEra Energy is a Florida clean energy company with a market cap of $153 billion. NextEra Energy isn’t cheap with a forward P/E of 26.7. However, Pioneer Natural Resources is. It trades with a forward P/E of just 8.
Should alternative energy investors have fossil fuels on their short list?
What else should you know about alternative energy stocks?
Tune into this week’s podcast to find out.
[In full disclosure, Tracey owns shares of SQM and PXD in her personal portfolio.]
Find Alternative Energy Stocks
Investor Alert: The Predictive Power of the Market-Beating Zacks System Now Focuses on the Hottest Stock Sector of All
Our Alternative Energy Innovators trading service is ready to launch. Try it for 30 days. Total cost $1 and not a cent of further obligation.
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Zacks Market Edge Highlights: SQM, ALB, JKS, PXD, NEE
For Immediate Release
Chicago, IL – November 14, 2022 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here:
https://www.zacks.com/stock/news/2017083/how-to-find-alternative-energy-stocks
How to Find Alternative Energy Stocks
Welcome to Episode #336 of the Zacks Market Edge Podcast.
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.
This week, Tracey is joined by Zacks Stock Strategist, Ben Rains, who is also the editor of Zacks new newsletter, the Alternative Energy Innovator, to discuss how to invest in alternative energy companies.
There’s no actual “industry” that is just alternative energy, like there is for oil. Investors have to seek it out amidst other industries including solar and chemicals. Sometimes, you may simply stumble across a company innovating in alternative energy just by taking a look at some top Zacks Ranked stocks.
That makes it difficult to know what is “alternative energy” and what isn’t.
The Lithium Producers
But some industries are more obvious than others. Lithium is used in electric vehicle batteries. It’s becoming an important part of the EV infrastructure.
SQM (SQM - Free Report) is a Chilean producer who is one of the largest lithium producers in the world. Earnings of SQM are expected to soar 530% this year as lithium prices have tripled.
SQM is cheap, as earnings soar, with a forward P/E of just 7.6.
Albemarle (ALB - Free Report) is also a lithium producer but it is headquartered in the United States. Albemarle’s earnings are expected to rise 429% in 2022 and another 33% in 2023.
Like SQM, Albemarle is also cheap with a forward P/E of 13.4. It also pays a dividend, currently yielding 0.6%.
Should lithium be on your radar?
Is it Finally Time for Solar?
An obvious area for alternative energy is solar. But investors have been waiting many years for solar to finally take off. It only generates 3% of the US energy.
2023 could be the year for solar.
JinkoSolar (JKS - Free Report) , a Chinese solar company, is up 4.3% year-to-date. JinkoSolar shares are cheap. It is trading with a forward P/E of 13.6.
But the analysts are bullish about this year and next. Earnings are expected to jump 115% in 2022 and continue to rise in 2023, gaining another 68.4%.
Is the growth story finally there in the solar stocks like JinkoSolar?
What About Fossil Fuel Companies?
Some fossil fuel companies are looking to the future and turning their focus to alternative energy. Could they be a legitimate alternative energy play?
Pioneer Natural Resources , for example, has 2 renewable projects that will provide power to the company’s Permian Basin and Texas electric grid. It participates in the 160 MW Concho Valley Solar project.
Pioneer Natural Resources is also working with NextEra Energy (NEE - Free Report) to develop a 140 MW wind generation facility on Pioneer Natural Resources’ land in Midland, Texas.
NextEra Energy is a Florida clean energy company with a market cap of $153 billion. NextEra Energy isn’t cheap with a forward P/E of 26.7. However, Pioneer Natural Resources is. It trades with a forward P/E of just 8.
Should alternative energy investors have fossil fuels on their short list?
What else should you know about alternative energy stocks?
Tune into this week’s podcast to find out.
[In full disclosure, Tracey owns shares of SQM and PXD in her personal portfolio.]
Find Alternative Energy Stocks
Investor Alert: The Predictive Power of the Market-Beating Zacks System Now Focuses on the Hottest Stock Sector of All
Our Alternative Energy Innovators trading service is ready to launch. Try it for 30 days. Total cost $1 and not a cent of further obligation.
Try it here >>>>
Why Haven’t You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.