But given the man seems more than willing to open up the wallet to push firms to do their part in achieving renewable energy goals, the Biden administration’s proposal could set a new standard that ought to be followed.
You don’t need to risk your shirt on a capital-intensive EV maker to capitalize on one of the biggest secular trends of our time.
Regulated utility and renewable energy powerhouse Algonquin Power & Utilities recently took a jab to the chin amid the worst of the coronavirus pandemic.
Algonquin shares look ridiculously cheap at just 12.1 times trailing earnings and 5.7 times sales, both of which are on the lower end as far as green stocks are concerned.
Fellow Fool contributor Chris MacDonald recently remarked on Algonquin’s incredibly high operational efficiency metrics: “This company offers investors with some of the best operational efficiency metrics of its peers.
Northland Power bounced like a coiled spring back in 2020 after years of consolidating around the low-to-mid $20s.
Northland’s growth pipeline could fuel massive dividend hikes for years to come, and the valuation, I believe, doesn’t reflect the calibre of defensive growth you’ll be getting from the name.
Although the company is fundamentally sound, with a cheap stock, investors should be wary over the head-and-shoulders technical pattern that looks to be in the works.
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