Be Wary Of These 3 Overvalued Clean Energy Stocks

However, the company’s financials are not promising. NEE’s operating revenues for the fourth quarter, ended December 31, 2020, were $4.40 billion, representing a 4.2% year-over-year decline. Its net loss for the quarter was t $5 million compared to a net income of $975 million during the fourth quarter of 2019. NEE’s adjusted loss from its NEER segment was t $342 million, down 4.9% year-over-year. Its adjusted EPS decreased 39.4% sequentially to $0.40.

A consensus revenue estimate of $5.16 billion for the quarter ending June 30, 2021, represents a 0.2% decline on a year-over-year basis. In terms of non-GAAP forward price/earnings, NEE’s 29.62x is 64.6% higher than the industry average  17.99x. In terms of forward price/sales, the stock is currently trading at 6.97x, 189.2% higher than the industry average 2.41x.

NEE has lost 10.8% over the past month and closed yesterday’s trading session at $74.86. It is currently trading 14.6% below its 52-week high of $87.69.

NEE’s POWR Ratings are consistent with this bleak outlook. The stock has an overall rating of C, which equates to Neutral in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors with each factor weighted to an optimal degree.

NEE also has a D grade for Value and Momentum. We have also graded NEE for Growth, Sentiment, Quality and Stability. Click here to access all NEE’s ratings.

NEE is ranked #21 of 58 stocks in the F-rated Utilities – Domestic industry.

SolarEdge Technologies, Inc. (SEDG - Get Rating)

Based in Israel, SEDG designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. The company offers inverters, power optimizers, communication devices and smart energy management solutions that are used in residential, commercial and small utility-scale solar installations. SEDG also offers a cloud-based monitoring platform that collects and processes information from the power optimizers and inverters and monitors and manages the solar PV system.

In February, SEDG entered  a strategic supply agreement with Sunrun Inc. (RUN), which is a leading U.S. provider of residential solar, battery storage and energy services. As a part of the agreement, RUN is expected to offer SEDG’s next generation PV inverter and Energy Hub to  residential customers. The company also announced in  February that it has been selected to supply full electrical powertrain units and batteries to produce the Fiat E-Ducato light commercial vehicle.

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