NRG Energy, Inc.
Millennium Management fund is a global hedge fund with assets of around $18.17 billion under management as of May 31, 2013. It has generated an average return of 16% per year over the last 22 years. The firm has a Sharpe ratio of 2.5, which is the highest among other hedge funds. The Sharpe ratio measures a fund's efficiency to manage its portfolio by generating excess return more »
Utility stocks have remained popular due to their attractive dividend yields in a low yield environment. Lately, the Fed’s QE tapering signal and rising treasury yields have resulted in a pullback for utilities, to keep their yield competitive to treasury yields. However, QE tapering is conditional to an improvement in the economy, that’s why volatility is likely to prevail in the utility sector as investors fear the Fed more »
With the increased focus over the past decade on sustainable energy, it comes as no surprise that countries with abundant resources have become breeding grounds for energy companies, particularly in Canada and the United States. Canada happens to be the third-largest natural gas producer (and fifth in terms of energy production), and the US produces over 19% of the world’s natural gas. The Canadian and American companies who have more »
Editor's Note: This article has been amended to better reflect Atlantic Power's debt position.
At the end of May, utility stocks were rapidly sold off following a multi-month rally as investors took profits and sought more cyclical opportunities in a rising market.
But, after this pullback, could now be the time to buy?
The majority of the utility sector still looks overvalued, as investors have been chasing valuations more »
At Insider Monkey, we track some of the hedge fund world’s most elite money managers; and one that often flies under the radar, yet is in our top 500 is Clint Carlson's Carlson Capital. Let’s take a look at the fund’s four largest equity positions, because it’s important to track the smart money’s sentiment; discover the secrets of piggyback investing here.
An energy play more »
The New York-based hedge fund BlueMountain Capital Management has recently disclosed its first quarter equity holdings in a 13F filing with the SEC, as is consistent with the rest of its peers. Using the original 13F, seen here, let’s take a look at BlueMountain’s top five stock picks heading into the second quarter.
A top trio
Utilities and their potential for financial security is a topic I've written about before, but it bears repeating: a stock is only as secure as its likelihood of delivering value to your portfolio. Any business with a moat, a solid business model, and steadily growing earnings has a good chance of making you wealthier over time. The real trick, however, is finding a good company for a great price more »
As the name implies, Contrarian Capital invests in distressed securities. The fund is managed by Jon Bauer, who started the Distressed Securities Group at Oppenheimer & Co and currently has over $3 billion in total assets under management. Bauer has a smaller equity-only 13F portfolio, but it’s worth watching regardless. Clearly not every stock in this mini-portfolio is what we would consider “distressed,” but there are securities that have recently more »
Utility stocks have had a great run this year, making it harder to find undervalued stocks in the group. However, investors looking for attractive stocks in this segment might want to consider NRG Energy (NYSE: NRG). The company is an integrated wholesale power generation and retail electricity company engaged in the supply of energy, services, and sustainable products to retail customers. It is also focused on potentially disruptive technologies, like more »
So far, consumers and investors have been ho-hum about the release of one electric car after another. An idea that seemed great in conceptualization has had tepid response since it came time to put it into practice. Electric cars simply lack the technology it will take for mass consumer adoption.
Namely, consumers are reticent about the fact that electric cars have to be charged. Not only are charging stations hard more »
Operating in a regulated power market is a great business. Selling power on the open market was a great business. Now it isn't. That's led to a few utility dividend cuts and some turnaround opportunities for investors.
There are basically two types of power companies, those that operate in regulated markets and those that sell electricity on the open market. Many utilities have operations in both more »
The solar industry is notoriously volatile, with companies in the sector being prone to wild swings in a single-trading day based upon a variety of factors. As such, perhaps it is not totally unexpected that shares of First Solar (NASDAQ: FSLR) experienced a meteoric rise of about 49% on April 9.
The question for investors is, whether First Solar, and perhaps the solar industry in general, is poised for continued more »
The solar industry is notoriously volatile, with companies in the sector's shares being prone to large single-day moves up and down based upon a variety of factors. As such, perhaps it is not totally unexpected that the shares of First Solar (NASDAQ: FSLR) experienced a meteoric rise of about 49% on April 9th. The question for investors is whether First Solar, and perhaps the solar industry in general more »
By definition, hedge funds are often thought of as being a tool for high net-worth investors only, but there are ways for their retail-focused peers to get in on the action. At Insider Monkey, we track 450 of the world’s most elite hedge fund managers and our research has shown that over time, their best picks have had a tendency to historically outperform. For more than a decade in more »
Maybe if the folks at The Superdome in New Orleans had taken a page out of the playbook of the New York Giants, Washington Redskins, or New England Patriots, they would have had solar panels installed at the stadium and they could have prevented the power failure that interrupted play for more than half an hour in Superbowl XLVII. Indeed, the aforementioned trio of football stadiums have thousands of NRG more »
Everything about Tesla Motors (NASDAQ: TSLA) defies current conventions.
It sets up shop in Silicon Valley, not Detroit. It builds electric vehicles, not gasoline-powered ones. And it believes that a future with purely electric vehicles is not only a possibility, but an inevitability.
Tesla CEO Elon Musk once claimed that entrepreneurship is like “eating glass and staring into the abyss of death.” Many loyal Tesla shareholders echo his sentiment.
In more »
I personally love the idea of the electric car. And when Nissan Motors announced a new Nissan LEAF model that could potentially sell for as little as $18,800 after various tax credits, I began to seriously consider the purchase of a new electric car. So I began to do my research. And as I was at my local Nissan dealership checking-out the current Nissan LEAF model, I was reminded of the one thing that has thus far kept me from pulling the trigger on a new electric car purchase. And that one thing is the battery. While I love the electric car in theory, the electric car battery leaves a lot to be desired for in practice. Specifically, I am referring to finding locations to charge the electric car's battery.
An upsurge in analyst upgrades took place today, as high-profile firms gave their outlooks for various stocks. Such activity was more than what we usually see during a typical session. Therefore, I am looking at some of the top stock moving calls that took place and examining what was said to move these stocks.
Price to book ratio is a metric usually used by investors to determine if a stock price is undervaluing the asset value of the company. However, one of the problems with this is that the P/B ratio can other be incredibly misleading. For example many tech firms like HP and Intel will often have patents on their balance sheets. These will account for a good portion of the company more »
Clint Carlson’s Carlson Capital is a multi-strategy hedge fund located in Texas which takes pride in a contrarian approach to investing. It also likes to emphasize a company’s philosophy of doing business as well as more measurable characteristics. Carlson recently filed its 13F with the SEC, which discloses many of the stocks that the fund owns and the sizes of those positions. Read on for our quick take more »
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