Green Stocks Keep Chugging Along
New York, New York (NetworkNewsWire) – Now that the Dow has
rallied above 20,000 for the first time, we can step back and
review the landscape. Few should be surprised that several
infrastructure stocks have been the beneficiary of the new
Administration’s policies. Conversely, the conventional wisdom was
that we should forget green stocks for the next four to eight
years, especially with President Trump nominating ExxonMobil (NYSE:
XOM) CEO Rex
Tillerson to be his Secretary of State. It’s worth taking a look at
a variety of equities – such as Source
Financial, Inc. (OTCQX: SRCF), Tesla Motors’ (NASDAQ:
TSLA) and
Methanex Corp. (NASDAQ: MEOH) – to
see how they fit into the current playing field.
However, that’s not playing out as expected. In fact, the green
sector has some of the best performers since the election, and the
recent announcement that Source Financial, Inc.
and CSES Group, Inc. are entering a merger transaction to bring
CSES’s proprietary refrigerant technology, alltemp, to market, is
well-timed.
In addition to being the world’s first Montreal and Kyoto
Protocol compliant refrigerant, alltemp delivers impressive energy
consumption savings, without any loss in capacity, according to
tests conducted in several Fortune 500 company facilities.
CSES plans on increasing manufacturing capacity of alltemp to
$100 million per month at its plant in Oregon.
The green sector rally really shouldn’t have caught anybody off
guard. After all, one of the high-profile meetings that the Trump
transition team hosted at Trump Tower was with Leonardo DiCaprio
and Terry Tamminen, the CEO of the Leonardo DiCaprio Foundation, to
discuss the importance of green sector jobs and how the sector
boosts the economy.
Tamminen stated, “Our conversation focused on how to create
millions of secure, American jobs in the construction and operation
of commercial and residential clean, renewable energy
generation.”
The Trump Administration also hosted Elon Musk, who reportedly
stated that the Trump Administration may “be positive on
renewables,” and appointed Tesla Motors’ front man to President
Trump’s Strategic and Policy forum.
Morgan Stanley analyst Adam Jonas made the following comment
concerning Musk’s appointment, “While we cannot explicitly apply a
monetary value to this relationship, we believe this level of
coordination with the new administration could actually evolve into
greater strategic value than with the prior administration.”
Jonas also believes that the relationship could send
Tesla (NASDAQ: TSLA) shares
30% higher this year, and said, “To the extent the creation of
high-tech manufacturing jobs in the United States is a high
priority of the administration, we believe Mr. Musk might have some
objectives that could be very much in alignment with those of the
Trump administration.”
On top of boosting the “Made in America” agenda, as the green
technologies and renewables sector could become a prime employment
driver in the U.S., this also points to President Trump’s belief in
smart ecology, where green technologies should be able to compete,
and win, on other merits.
In other words, the Trump Administration could help boost
environmental technologies, which see massive demand increases with
higher energy prices.
Ultimately, the green space products must be compelling without
any incentives or subsidies. The space will succeed because the
products are becoming more affordable and captivating by the day,
with or without government incentives.
The environmental, renewable and alternative fuel space is much
more than just Tesla. Among top-moving green sector players is the
U.S. Alternative Fuel Index, the second-best performing industry
over the past month, led by Methanex Corp.
(NASDAQ: MEOH), which
just reported record quarterly and annual production, as well as
the third consecutive quarter of record sales volume. Methanex’s
board of directors also declared a quarterly dividend of $0.275 per
share that will be payable March 31, 2017, to holders of common
shares of record March 17, 2017.
ExxonMobil’s (NYSE: XOM) board
of directors also declared a cash dividend last week, but at $0.75
per share on the common stock, payable March 10, 2017, to
shareholders of record of common stock at the close of business
February 10, 2017. ExxonMobil will release its fourth quarter and
full year 2016 financial results January 31.
For more information, please visit: Source
Financial, Inc. (SRCF)
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