Top 5 Clean Energy Stocks To Own Right Now

tags:ENBL,TGB,TIPT,APC,MITL,

Call it global warming. Call it climate change. Maybe it’s a nuance, or maybe your political stance determines how you feel about this debate. 24/7 Wall St. has tracked investment in clean energy and renewable energy for years.

It turns out that 2016 broke the growth cycle for investing in clean energy — and then some.

With a new Trump administration about to take office, it looks like there is a night and day views on climate change versus the Obama administration. That makes this report something which likely cannot be ignored. After all, it was only known for less than two months that Hillary Clinton’s clean energy trends would not continue what was seen under the Obama administration. Still, it’s a big world and many other nations outside of the United States have�a serious�role in clean energy.

The news at the start of 2017 is showing a stark difference for 2016. Bloomberg New Energy Finance now shows that the total dollars of new investments into clean energy fell a whopping 18% down to $287.5 billion in 2016. While the prior year was a record of $348.5 billion, what stands out here now is that the 2016 figure is also represented as being 9% lower than the $315 billion invested into clean energy in 2014.

Top 5 Clean Energy Stocks To Own Right Now: Enable Midstream Partners, LP(ENBL)

Advisors' Opinion:

• [By Shane Hupp]

  Enable Midstream Partners LP (NYSE:ENBL) has been given a consensus recommendation of “Hold” by the fourteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $17.75.

• [By Lee Jackson]

  Enable Midstream Partners LP (NYSE: ENBL) is raised to equal weight from underweight at Barclays. The 52-week trading range for the stock has been $12.89 to $17.67. The consensus price target is set at $17.18. The price of shares at the market’s close on Monday was $17.02.

• [By Stephan Byrd]

  Enable Midstream Partners (NYSE: ENBL) and EnLink Midstream Partners (NYSE:ENLK) are both mid-cap oils/energy companies, but which is the better business? We will compare the two businesses based on the strength of their profitability, earnings, risk, valuation, institutional ownership, dividends and analyst recommendations.

Top 5 Clean Energy Stocks To Own Right Now: Taseko Mines Limited(TGB)

Advisors' Opinion:

• [By Logan Wallace]

  Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) has earned a consensus rating of “Buy” from the seven research firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company.

Top 5 Clean Energy Stocks To Own Right Now: Tiptree Financial Inc.(TIPT)

Advisors' Opinion:

• [By Joseph Griffin]

  TRADEMARK VIOLATION WARNING: “Tiptree (TIPT) Raised to C at TheStreet” was posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/3350618/tiptree-tipt-raised-to-c-at-thestreet.html.

Top 5 Clean Energy Stocks To Own Right Now: Anadarko Petroleum Corporation(APC)

Advisors' Opinion:

• [By Shane Hupp]

  Robeco Institutional Asset Management B.V. increased its stake in shares of Anadarko Petroleum Co. (NYSE:APC) by 258.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,409 shares of the oil and gas development company’s stock after purchasing an additional 47,140 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Anadarko Petroleum were worth $3,952,000 as of its most recent SEC filing.

• [By Matthew DiLallo]

  ConocoPhillips (NYSE:COP) is one of these leaders. The U.S. oil giant announced a multi-billion-dollar buyback in late 2016, which has helped catapult its stock 55% higher since then, vastly outperforming the nearly 23% gain from the iShares U.S. Oil & Gas Exploration & Production ETF (NYSEMKT:IEO), which holds more than 60 U.S.-focused oil and gas stocks. Anadarko Petroleum (NYSE:APC), meanwhile, has rallied almost 60% since unveiling a multi-billion-dollar buyback last fall, doubling the return of the iShares E&P ETF.

• [By Max Byerly]

  Northern Trust Corp decreased its stake in shares of Anadarko Petroleum Co. (NYSE:APC) by 2.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 6,343,268 shares of the oil and gas development company’s stock after selling 152,810 shares during the period. Northern Trust Corp’s holdings in Anadarko Petroleum were worth $383,197,000 at the end of the most recent reporting period.

• [By Lee Jackson]

  This top company is still down a stunning 30% from highs printed in 2014, the last time oil traded at $70. Anadarko Petroleum Corp. (NYSE: APC) operates through three segments. The Oil and Gas Exploration and Production segment explores for and produces natural gas, oil, condensate, and natural gas liquids (NGLs). The other segments are�Midstream and Marketing.

• [By Matthew DiLallo]

  As things stand right now, analysts anticipate that at least some Iranian oil will come off the market as a result of the sanctions. That lost output would further tighten an oil market that suddenly has little margin for error thanks to red-hot demand and tame supply growth. That's the recipe for higher oil prices and could make top-tier U.S. oil stocks Anadarko Petroleum (NYSE:APC), Devon Energy (NYSE:DVN), and ConocoPhillips (NYSE:COP) big winners in the coming years.

Top 5 Clean Energy Stocks To Own Right Now: Mitel Networks Corporation(MITL)

Advisors' Opinion:

• [By Lisa Levin] Gainers Sanmina Corp (NASDAQ: SANM) shares rose 15.2 percent to $31.90 in pre-market trading as the company reported stronger-than-expected earnings for its second quarter on Monday. Cadence Design Systems, Inc. (NASDAQ: CDNS) rose 12.4 percent to $41.30 in pre-market trading after the company posted upbeat Q1 results and issued a strong Q2 forecast. Aeglea BioTherapeutics, Inc. (NASDAQ: AGLE) rose 10.8 percent to $8.75 in pre-market trading. Mitel Networks Corporation (NASDAQ: MITL) rose 8.8 percent to $11.05 in pre-market trading after the company agreed to be acquired by affiliates of Searchlight Capital Partners for $2.0 billion. Galectin Therapeutics, Inc. (NASDAQ: GALT) rose 7.3 percent to $3.70 in pre-market trading. Riot Blockchain, Inc. (NASDAQ: RIOT) shares rose 6.9 percent to $7.00 in pre-market trading after declining 1.50 percent on Monday. Hallmark Financial Services, Inc. (NASDAQ: HALL) rose 6.5 percent to $10.68 in pre-market trading. Boot Barn Holdings, Inc. (NYSE: BOOT) rose 5.2 percent to $20.40 in pre-market trading after gaining 4.53 percent on Monday. New Oriental Education & Technology Group Inc. (NYSE: EDU) rose 5 percent to $91.16 in pre-market trading after reporting Q3 results. Shire plc (NASDAQ: SHPG) rose 5 percent to $167.98 in pre-market trading after Bloomberg reported that Takeda is nearing a preliminary agreement to acquire Shire after sweetened bid. Outfront Media Inc. (NYSE: OUT) shares rose 5 percent to $19.00 in pre-market trading. Geron Corporation (NASDAQ: GERN) rose 4.3 percent to $4.18 in pre-market trading after gaining 5.80 percent on Monday. SAP SE (NYSE: SAP) rose 3.7 percent to $109.80 in pre-market trading after the company posted strong quarterly results and raised its outlook for the year. Golden Ocean Group Limited (NASDAQ: GOGL) shares rose 3.7 percent to $8.70 in pre-market trading after gaining 1.45 percent on Monday. Deutsche Bank Aktiengesellschaft (NYSE: D
• [By Lisa Levin] Gainers Check-Cap Ltd. (NASDAQ: CHEK) shares jumped 104.82 percent to close at $14.87 on Tuesday. EVINE Live Inc. (NASDAQ: EVLV) rose 31.25 percent to close at $1.06. The pay-TV home shopping company was named as a potential acquisition target by TechCrunch. According to the publication, Amazon.com, Inc. (NASDAQ: AMZN) is exploring ways of marketing its products and services to consumers beyond the internet. SemiLEDs Corporation (NASDAQ: LEDS) shares climbed 27.16 percent to close at $4.26 on Tuesday. Atossa Genetics Inc. (NASDAQ: ATOS) gained 27.09 percent to close at $3.80. Atossa Genetics disclosed that it has Received positive interim review from the Independent Safety Committee in Phase 1 Topical endoxifen dose escalation study in men. Heidrick & Struggles International, Inc. (NASDAQ: HSII) surged 17.13 percent to close at $37.95 as the company posted upbeat results for its first quarter. Santander Consumer USA Holdings Inc. (NYSE: SC) shares gained 15.91 percent to close at $18.21 following upbeat quarterly earnings. Riot Blockchain, Inc. (NASDAQ: RIOT) shares jumped 15.73 percent to close at $7.58 on Tuesday after declining 1.50 percent on Monday. Sanmina Corp (NASDAQ: SANM) shares gained 14.62 percent to close at $31.75 as the company reported stronger-than-expected earnings for its second quarter on Monday. Orchids Paper Products Company (NYSE: TIS) jumped 12.86 percent to close at $7.37. Orchids Paper Products is expected to report its Q1 financial results on Wednesday, April 25, 2018. Helix Energy Solutions Group, Inc. (NYSE: HLX) rose 12.8 percent to close at $7.05 following strong quarterly results. Avid Bioservices, Inc. (NASDAQ: CDMO) rose 12.72 percent to close at $3.81. Genprex, Inc. (NASDAQ: GNPX) gained 12.61 percent to close at $5.00. Obalon Therapeutics, Inc. (NASDAQ: OBLN) rose 12.39 percent to close at $3.72. NextDecade Corporation (NASDAQ: NEXT) shares climbed 11.88 percent to close at $7
• [By Max Byerly]

  Mitel Networks Corp (NASDAQ:MITL) (TSE:MNW) saw a significant drop in short interest in May. As of May 31st, there was short interest totalling 860,264 shares, a drop of 26.0% from the May 15th total of 1,162,149 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,306,634 shares, the short-interest ratio is presently 0.4 days.

• [By Shane Hupp]

  Mitel Networks Corp (NASDAQ:MITL) (TSE:MNW) has been given an average recommendation of “Buy” by the eight research firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $12.58.

• [By Lisa Levin] Gainers SemiLEDs Corporation (NASDAQ: LEDS) shares rose 35.8 percent to $4.55. EVINE Live Inc. (NASDAQ: EVLV) gained 28.8 percent to $1.04. The pay-TV home shopping company was named as a potential acquisition target by TechCrunch. According to the publication, Amazon.com, Inc. (NASDAQ: AMZN) is exploring ways of marketing its products and services to consumers beyond the internet. Sanmina Corp (NASDAQ: SANM) shares surged 19.1 percent to $33.00 as the company reported stronger-than-expected earnings for its second quarter on Monday. Heidrick & Struggles International, Inc. (NASDAQ: HSII) gained 14.9 percent to $37.22 as the company posted upbeat results for its first quarter. Santander Consumer USA Holdings Inc. (NYSE: SC) shares climbed 14 percent to $17.90 following upbeat quarterly earnings. Helix Energy Solutions Group, Inc. (NYSE: HLX) climbed 14 percent to $7.12 following strong quarterly results. Check-Cap Ltd. (NASDAQ: CHEK) gained 13.6 percent to $8.25. Atossa Genetics Inc. (NASDAQ: ATOS) rose 11.8 percent to $3.34. Atossa Genetics disclosed that it has Received positive interim review from the Independent Safety Committee in Phase 1 Topical endoxifen dose escalation study in men. Cadence Design Systems, Inc. (NASDAQ: CDNS) gained 11.6 percent to $40.99 after the company posted upbeat Q1 results and issued a strong Q2 forecast. Genprex, Inc. (NASDAQ: GNPX) climbed 11.2 percent to $4.9363. Mitel Networks Corporation (NASDAQ: MITL) rose 10.5 percent to $11.23 after the company agreed to be acquired by affiliates of Searchlight Capital Partners for $2.0 billion. Systemax Inc. (NYSE: SYX) rose 10.2 percent to $30.86. Sidoti & Co. upgraded Systemax from Neutral to Buy. Orchids Paper Products Company (NYSE: TIS) surged 9.2 percent to $7.13. Orchids Paper Products is expected to report its Q1 financial results on Wednesday, April 25, 2018. New Oriental Education & Technology Group Inc. (NYSE: EDU) rose

Why I Hope Micron's Stock Declines...Even Though I'm a Shareholder

The objective of investing is, of course, for your stocks to go up over time (a shocking revelation, I know!). However, because Foolish, long-term investors advocate holding stocks for years, there might actually be times when you wish a stock you own would go down for an extended period, even if you already have a full position. I believe that's currently the case with Micron Technology (NASDAQ:MU), which has been one of my best-performing stocks this year. Read on to see why a drop in price could lead to good things for Micron investors.

Why I like Micron

Micron's stock has been all the rage recently, nearly doubling in price over the past 12 months. As one of only three producers of dynamic random access memory (DRAM) and one of only six producers of NAND flash memory, Micron has benefited greatly from soaring memory prices. While the industry has traditionally been tied to the mobile and PC markets, demand for memory has expanded (even exploded) to cloud data centers, artificial intelligence workloads, and specialty embedded chips in connected devices and self-driving cars.

Micron is not without skeptics, though, especially those who believe we're at a peak in memory pricing. That's why Micron trades at a shockingly low forward price-to-earnings ratio of 5.5. Memory has been cyclical -- sometimes violently so -- and investors seem to be nervous about granting Micron an earnings multiple in line with the overall market, which currently trades at a forward P/E of 17.3, more than triple that of Micron.

That's fine by me, though. In fact, I hope Micron's valuation remains under pressure for the foreseeable future.

Why do I want Micron's stock to go down? Image source: Getty Images.

Paying owners $10 billion

After years of carrying billions in debt, Micron's recent success should allow the company to become "net debt neutral" -- having as much cash as debt -- by the end of this quarter. That would be the first time in many years that's happened.

MU Net Total Long Term Debt (Quarterly) data by YCharts.

Now that its balance sheet has been repaired, Micron will begin returning cash to shareholders in the form of a massive $10 billion share repurchase program that was announced at the company's May analyst and investor event.

There's one small catch, though: These stock buybacks won't kick in until the beginning of Micron's next fiscal year, which begins in September. Until then, Micron will pay down its secured debt, some of which is denominated in foreign currencies, requiring expensive currency hedges. After that point, the company's plan is to return at least 50% of its free cash flow to shareholders.

Go ahead, Mr. Market, make my day

In Warren Buffett's 2016 letter to shareholders, he discussed the topic of share repurchases at length, writing in part:

... repurchases only make sense if the shares are bought at a price below intrinsic value ... Consider a simple analogy: If there are three equal partners in a business worth $3,000 and one is bought out by the partnership for $900, each of the remaining partners realizes an immediate gain of $50. If the exiting partner is paid $1,100, however, the continuing partners each suffer a loss of $50. The same math applies with corporations...

Since we now know that Micron plans to begin buying back stock come September, I'm hoping for shares to languish. The lower the price, the more shares Micron can buy, and the larger the "gains" for us remaining owners. At the current $70 billion market capitalization, $10 billion could buy back almost 15% of the company.

And I may not have to wait that long for results -- the company could feasibly generate $10 billion in cash flow just in the upcoming year, should memory pricing remain stable.

But I need to be right

Of course, if my take on the memory industry is wrong, Micron's intrinsic value would not be as high as I might think, and the upcoming repurchases would be wasted on buying overpriced stock.

But despite recent gains, I still think Micron is undervalued, and that favorable changes to the memory industry will last longer than others think. Past cycles have caused the industry to consolidate to only a handful of players, and with demand for memory and storage exploding, I think profitability can hold up throughout the cycle better than in the past.

We'll find out more about the company's financial performance when Micron reports earnings on June 20. If profits continue to grow, retiring shares at today's prices should greatly benefit all shareholders. And if the company can retire shares at even lower prices come September, all the better for us long-term believers.