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2011-04-20 07:40:23
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On Friday April 15, 2011, 3:30 pm EDT
67 WALL STREET, New York - April 15, 2011 - The Wall Street Transcript has recently published its Alternative Energy Transportation and Automotive Services Guide For Professional Investors: A 2011 Review offering a timely review of the sector to serious investors and industry executives. This Special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Alternative Energy Transportation and Automotive Services Guide For Professional Investors: A 2011 Review
Companies include: IESI-BFC (BIN); Iberdrola Renovables (IRVSF.PK); Standard Motor Products (SMP); A123 (AONE); and many more.
In the following brief excerpt from the Alternative Energy Transportation and Automotive Services Report expert analysts discuss the outlook for the sector and for investors.
David Schoenwald co-founded the New Alternatives Fund Inc. in 1982. He is currently the President of New Alternatives Fund Inc. and the President of Accrued Equities, Inc. Mr. Schoenwald was formerly a Newspaper Reporter for Newark, N.J.'s The Star-Ledger. Mr. Schoenwald also had a law practice prior to starting the New Alternatives Fund. Mr. Schoenwald graduated from Macalester College in St. Paul, Minn., and Hofstra Law School, in Hempstead, N.Y. In the 1970s, he worked on voter registration in Mississippi and spent time in Appalachia.
TWST: Please tell us about your investment strategy and how you find the right combination of companies that are both socially responsible and also positioned to make money for investors.
Mr. Schoenwald: There are many profitable companies with attractive products in the areas of renewable energy and energy efficiency, but a number of them have divisions that are unattractive from the perspective of an investor concerned about environmental issues and social responsibility. For example, some large utilities like Florida Power And Light (NEE) have good alternative energy presence, but they also have nuclear power, which is something we would avoid for the reasons demonstrated by the recent events in Japan.
GE (GE) makes a lot of good things, but they apparently made one of the power plants that are causing some difficulty in Japan and one that was proposed in our neighborhood, Long Island, N.Y., a number of years ago called Shoreham. Politically, it is difficult all over the world as economic difficulties have put pressure on environmental concerns. Political pledges and rhetoric geared toward the environment have been thrust aside in tough times, so it is discouraging. So I don't have much good to say right now. Then I see Ann Coulter saying that radiation is good for you today.
TWST: Would you walk us through your stock selection process?
Mr. Schoenwald: We avoid, as I said, nuclear and coal, and companies that make weapons. We would avoid a company that made weapons or fighter jets or something like that. So we avoid the military, and we avoid nuclear and coal. Some companies are known for pollution.But there is an interest in trying to be positive in things that would be good for the environment, that wouldn't harm anybody. For example, we screen for animal testing. That's another difficult issue because there are some very good companies in alternate energy and other areas that test animals for other parts of their business that we'd otherwise like to invest in.
One is called Novozymes (NZMB.DE), which develops enzymes used in the production of ethanol, but they test on animals. So we've avoided that one. But that's a popular socially concerned stock amongst a lot of lists. Some of the lists of socially responsible securities are absolutely incredible. Some companies that you would generally not think of being socially responsible are on the sustainable and socially responsibility lists, like Halliburton (HAL). I could mention many, BP (BP) was. So there are various lists and indexes that talk about sustainability and social responsibility, which from my perspective, are off the wall.
TWST: It sounds as if once you apply all of your criteria, you narrow it down to a pretty small pool of companies.
Mr. Schoenwald: I think there are a lot of them now. There are a lot of possibilities out there, and we expand it to international. So we're not limited to the States.
TWST: You invest primarily in alternative energy. In which subsector of alternative energy do you see the greatest opportunity for long-term growth? How you are investing to take advantage of what you see as potential growth?
Mr. Schoenwald: I suppose there are a few areas. I like wind, I like an area called solar thermal, as opposed to solar photovoltaic, and there are subsectors within these categories. For example, photovoltaic solar cells are great, but there are a lot of people making them, a lot of competition, and the price is going down and there is a surplus. There is a surplus of all this stuff. There is surplus of windmills, there is surplus of solar cells. That is like really good news if you want to buy one, but it is bad news if you make them. So it would be nice within these areas, and it is not that easy to have companies that would be buying and selling solar cells, but not a company that is making solar cells.
So I think solar is a good area, but you have to be in the right place.Solar thermal, I think, is a great technology, but it is hard to find great companies involved in it. Abengoa and Acciona are involved in it, among other things. There is a pure play we own called Solar Millennium (SMLNF.PK). They've won the largest contract to build it in the United States, if not the world. But they don't have a lot of money, so it makes them more risky. I'm not sure what's going to happen; they will probably get bought out by somebody. I like hydro. There are somewhat limited ways to invest, and a lot of hydro is owned by utilities. They are also burning coal or have other interests that don't fit in.
From: finance.yahoo.com/news...0&.v=1
67 WALL STREET, New York - April 15, 2011 - The Wall Street Transcript has recently published its Alternative Energy Transportation and Automotive Services Guide For Professional Investors: A 2011 Review offering a timely review of the sector to serious investors and industry executives. This Special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Alternative Energy Transportation and Automotive Services Guide For Professional Investors: A 2011 Review
Companies include: IESI-BFC (BIN); Iberdrola Renovables (IRVSF.PK); Standard Motor Products (SMP); A123 (AONE); and many more.
In the following brief excerpt from the Alternative Energy Transportation and Automotive Services Report expert analysts discuss the outlook for the sector and for investors.
David Schoenwald co-founded the New Alternatives Fund Inc. in 1982. He is currently the President of New Alternatives Fund Inc. and the President of Accrued Equities, Inc. Mr. Schoenwald was formerly a Newspaper Reporter for Newark, N.J.'s The Star-Ledger. Mr. Schoenwald also had a law practice prior to starting the New Alternatives Fund. Mr. Schoenwald graduated from Macalester College in St. Paul, Minn., and Hofstra Law School, in Hempstead, N.Y. In the 1970s, he worked on voter registration in Mississippi and spent time in Appalachia.
TWST: Please tell us about your investment strategy and how you find the right combination of companies that are both socially responsible and also positioned to make money for investors.
Mr. Schoenwald: There are many profitable companies with attractive products in the areas of renewable energy and energy efficiency, but a number of them have divisions that are unattractive from the perspective of an investor concerned about environmental issues and social responsibility. For example, some large utilities like Florida Power And Light (NEE) have good alternative energy presence, but they also have nuclear power, which is something we would avoid for the reasons demonstrated by the recent events in Japan.
GE (GE) makes a lot of good things, but they apparently made one of the power plants that are causing some difficulty in Japan and one that was proposed in our neighborhood, Long Island, N.Y., a number of years ago called Shoreham. Politically, it is difficult all over the world as economic difficulties have put pressure on environmental concerns. Political pledges and rhetoric geared toward the environment have been thrust aside in tough times, so it is discouraging. So I don't have much good to say right now. Then I see Ann Coulter saying that radiation is good for you today.
TWST: Would you walk us through your stock selection process?
Mr. Schoenwald: We avoid, as I said, nuclear and coal, and companies that make weapons. We would avoid a company that made weapons or fighter jets or something like that. So we avoid the military, and we avoid nuclear and coal. Some companies are known for pollution.But there is an interest in trying to be positive in things that would be good for the environment, that wouldn't harm anybody. For example, we screen for animal testing. That's another difficult issue because there are some very good companies in alternate energy and other areas that test animals for other parts of their business that we'd otherwise like to invest in.
One is called Novozymes (NZMB.DE), which develops enzymes used in the production of ethanol, but they test on animals. So we've avoided that one. But that's a popular socially concerned stock amongst a lot of lists. Some of the lists of socially responsible securities are absolutely incredible. Some companies that you would generally not think of being socially responsible are on the sustainable and socially responsibility lists, like Halliburton (HAL). I could mention many, BP (BP) was. So there are various lists and indexes that talk about sustainability and social responsibility, which from my perspective, are off the wall.
TWST: It sounds as if once you apply all of your criteria, you narrow it down to a pretty small pool of companies.
Mr. Schoenwald: I think there are a lot of them now. There are a lot of possibilities out there, and we expand it to international. So we're not limited to the States.
TWST: You invest primarily in alternative energy. In which subsector of alternative energy do you see the greatest opportunity for long-term growth? How you are investing to take advantage of what you see as potential growth?
Mr. Schoenwald: I suppose there are a few areas. I like wind, I like an area called solar thermal, as opposed to solar photovoltaic, and there are subsectors within these categories. For example, photovoltaic solar cells are great, but there are a lot of people making them, a lot of competition, and the price is going down and there is a surplus. There is a surplus of all this stuff. There is surplus of windmills, there is surplus of solar cells. That is like really good news if you want to buy one, but it is bad news if you make them. So it would be nice within these areas, and it is not that easy to have companies that would be buying and selling solar cells, but not a company that is making solar cells.
So I think solar is a good area, but you have to be in the right place.Solar thermal, I think, is a great technology, but it is hard to find great companies involved in it. Abengoa and Acciona are involved in it, among other things. There is a pure play we own called Solar Millennium (SMLNF.PK). They've won the largest contract to build it in the United States, if not the world. But they don't have a lot of money, so it makes them more risky. I'm not sure what's going to happen; they will probably get bought out by somebody. I like hydro. There are somewhat limited ways to invest, and a lot of hydro is owned by utilities. They are also burning coal or have other interests that don't fit in.
From: finance.yahoo.com/news...0&.v=1
