Expensive wind and solar power doesn’t make sense economically. However, Algonquin and Innergex sell all of their wind and solar power under long-term, government-guaranteed contracts at above-market prices. That cuts their risk.
ALGONQUIN POWER & UTILITIES CORP. $5.60 (Toronto symbol AQN; Shares outstanding: 112.8 million; Market cap: $631.7 million; TSINetwork Rating: Extra Risk; Dividend yield: 5.0%; www.algonquinpower.com) holds interests in 45 …read more »
BROOKFIELD RENEWABLE POWER FUND $27.40 (Toronto symbol BRC.UN; Units outstanding: 104.7 million; Market cap: $2.9 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.7%; www.brpfund.com) plans to merge its assets with the extensive hydroelectric and wind power holdings of Brookfield Asset Management (symbol BAM on Toronto).
Brookfield Renewable now owns interests in 42 hydroelectric generating stations on 16 river systems in Quebec, …read more »
Pat McKeough responds to many personal questions on stocks and other investment topics from the members of his Inner Circle. Every week, his comments and recommendations on a selection of the most intriguing questions of the past week go out to all Inner Circle members. And every Friday, we offer you one of the highlights from these Q&A sessions.
An interesting …read more »
FORTRESS PAPER $44.49 (Toronto symbol FTP; TSINetwork Rating: Extra Risk) (1-888-820-3888; www.fortresspaper.com; Shares outstanding: 15.1 million; Market cap: $671.8 million; No dividends paid) bought an idled pulp plant in Thurso, Quebec, for $3 million in April 2010. It then restarted pulp production at this plant.
Meanwhile, Fortress has been converting the plant to produce a type of cellulose called dissolving pulp, …read more »
We continue to recommend a number of companies that are now involved in, or are planning to expand into, green power production, including solar and wind energy.
However, while alternative energy investments appeal to a lot of investors on an emotional and conceptual level, many offer only limited investment potential. That’s because they may need a long time to move from …read more »
High-cost wind and solar power doesn’t make sense economically. However, Algonquin and Innergex sell all of their wind and solar power under long-term, government-guaranteed contracts at above-market prices. That cuts their risk.
ALGONQUIN POWER & UTILITIES CORP. $5.71 (Toronto symbol AQN; Shares outstanding: 94.3 million; Market cap: $677.1 million; TSINetwork Rating: Extra Risk; Dividend yield: 4.6%; www.algonquinpower.com) holds interests in 44 …read more »
Every Wednesday, we publish our “Investor Toolkit” series on TSI Network. Whether you’re a beginning or experienced investor, these weekly updates are designed to give you specific investment advice. Each Investor Toolkit update gives you a fundamental piece of investing strategy, and shows you how you can put it into practice right away.
Today’s tip: “How to avoid the pitfalls …read more »
INNERGEX RENEWABLE ENERGY $9.92 (Toronto symbol INE; Shares outstanding: 55.6 million; Market cap: $819.3 million; TSINetwork Rating: Extra Risk; Dividend yield 5.9%; www.innergex.com) has bought the 27-megawatt Stardale solar project in eastern Ontario from Enfinity NV for $11.1 million.
Stardale is forecast to start up early next year, and could increase Innergex’s power generating capacity by 6%. The project will cost …read more »
ALGONQUIN POWER & UTILITIES $5.85 (Toronto symbol AQN; Shares outstanding: 94.3 million; Market cap: $672.3 million; TSINetwork Rating: Extra Risk; Dividend yield: 4.4%; www.algonquinpower.com) is buying the 49.999% of California Pacific Electric Company (CPEC) it doesn’t own from Emera Inc. CPEC sells power to 47,000 customers in Lake Tahoe, California.
Emera will receive Algonquin shares for its California Pacific stake. That …read more »
There’s no limit to the types of investment questions Inner Circle members can ask me and my team of investment experts. Members often ask us about the best ways to profit from specific trends in society. For example, we’ve gotten more questions from members about green energy stocks as concern for the environment has risen.
An Inner Circle member recently …read more »
Green stocks are shares of companies that promote and/or profit from actions that are good for the environment. Although many have a lot of conceptual and emotional appeal, they may offer limited returns to investors. These companies often need a long time to develop in light of high start-up costs and uncertain government subsidies. Pat McKeough believes investors should use care when investing in these companies, and focus on those that have strong business models and long-term growth prospects.
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