Ten Clean Energy Stocks For 2016: August Earnings

My Ten Clean Energy Stocks for 2016 model portfolio continued to coast upward in August after five months of blistering performance since February, while clean energy sector benchmarks and real managed portfolio, the Green Global Equity Income Portfolio (GGEIP), pulled back slightly. The following chart shows the performance of the model portfolio and its sub-portfolios against their benchmarks.
 

10 for 16 Aug composites.png

The portfolio, its growth and income subportfolios, and GGEIP all remain far ahead of their benchmarks.  Second quarter earnings announced this month were neutral or positive for the income stocks, but somewhat disappointing for the growth companies, causing the income group to pull farther ahead of its benchmark, and the growth group to lose a little ground.  

See the May update for a description of the benchmarks.

Opportunity to invest in GGEIP strategy

Last month, I mentioned that I was in advanced talks with a mutual fund company to bring the Green Global Equity Income strategy to the public as a mutual fund. I met with them for the fourth time last month, but they decided to pass, in large part because my emphasis on small and relatively illiquid stocks may put a limit on how large (and hence profitable) such a mutual fund can become.

Fortunately, I've been working on alternatives, two of which are now available for small investors. My friend and colleague Jan Schalkwijk, CFA at investment advisor JPS Global Investments is now offering a version of the GGEIP strategy to his clients (new or existing) clients. If you are interested, you can contact him here. There is a also stripped-down but free version of GGEIP I launched on the Motif platform in June.

Or you can just continue to follow the income stocks in this annual model portfolio.  Although this group of seven is outperforming most other versions of the strategy this year, I think that difference is mostly luck. The strategy had an excellent year in 2015 as well: The six income stocks were up 24% and GGEIP was up 12% even though their income benchmark fell 30% because of the bursting of the Yieldco bubble.

10 for 16 Aug.png

 The chart above gives detailed performance for the individual stocks. Selected news driving individual stocks is discussed below.

Income Stocks

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