![]() Secondly, Clearway Energy is well-positioned to reward investors. For the sake of comparison, Hoover Dam has a capacity of 2 gigawatts. First of all, Clearway Energy is quite large, boasting a portfolio of more than 5.7 gigawatts of energy production spanning wind, solar, and energy storage. There are a few salient factors that make me feel optimistic about the company. That discount, combined with several other factors, puts CWEN shares in the bargain bin right now. Clearway Energy (CWEN)Ĭlearway Energy (NYSE: CWEN) stock is roughly 50% cheaper than it was a year ago. The company is growing strong in core markets like Europe, with revenues increasing by 25% during the previous quarter. That said, I think Enphase Energy is a great bet for those taking a long-term view of this sector. Rising interest rates and low utility rates have combined to make solar investments less attractive. Rising interest rates are hurting the economic case behind green energy adoption. However, residential solar demand concerns in the U.S. Fundamentally speaking, Enphase Energy has done very well. Additionally, the company’s net income nearly tripled to $146.87 million during the same period. Revenue increased from $441.3 million to $726.02 million in Q1 on a year-over-year basis. In that regard, the company has done very well through the first quarter. Now, Enphase Energy is undervalued not because of its fundamental performance to date. More accurately, ENPH stock has upside of roughly 50%, or perhaps by more than 100%, depending on who is judging its merits. And like the other stocks on this list, is currently trading at levels I would call very undervalued. EOG Resources (EOG)Įnphase Energy (NASDAQ: ENPH) manufactures and sells solar micro inverters across the globe. The company provides investors with a rock-solid dividend that was last reduced in 1956, and currently yields 4.5%. That said, I think this is among the utility stocks that should rebound as cyclicality runs its course. Currently, NWN stock is trading near prices it last saw around 2013. That’s what is happening to Northwest Natural Holding right now. The result is weaker earnings and lower prices. That generally means utility firms have to absorb increased prices during inflationary periods ,without the luxury of passing those increases to customers. Additionally, customers complain very vocally when their utility rates rise. Utility companies like Northwest Natural Holding don’t have much room to absorb higher input prices when inflation rises. One of the easiest ways to understand the value of Northwest Natural Holding is to look at market cyclicality as it applies to utility firms. Its water segment serves customers in Arizona and Texas. It is a gas and water utility company serving customers throughout Oregon and southwest Washington state. Northwest Natural Holding (NWN)ĭepending on who you ask, Northwest Natural Holding (NYSE: NWN) stock appears to be undervalued by roughly $10 to $20. That doesn’t account for the dividend distribution of $2.40 annually, pushing the stock’s total return a few percentage points higher. ![]() Shares have roughly $18 of upside beyond their current $113 price based on Wall Street’s expectations. Strong fundamentals at ConocoPhilips are suggestive of significant underlying value in COP stock. That was a welcome piece of news, as revenues fall across the industry (and at ConocoPhillips) in the first quarter. However, despite the sea change, ConocoPhillips has deftly managed through the turbulence.The company’s Q1 ‘23 adjusted earnings of $2.38 per share came in better than what Wall Street was expecting. ![]() Prices have fallen, and the bonanza that was 2022 no longer exists. Volatility has afflicted the oil and gas side of the energy market in particular in 2023. ConocoPhillips engages in all things oil and gas, including exploration, production, transportation, and marketing. ![]() The Houston-based firm touches the entirety of the value and supply chain for oil and gas. It’s one of the more prominent names in energy production, and currently offers great upside due to a number of factors. ConocoPhillips (NYSE: COP) is among the “old guard” within the energy sector. ![]()
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