Alternative energy sources such as solar, hydro, wind, biomass and waste have emerged as a better mix for power generation in major developed and developing nations. The Solar Energy Industries Association (SEIA) reports that the U.S. solar energy industry grew 41% Y-o-Y to reach 4,751 megawatt (MW) in 2013. Meanwhile, the U.S. Energy Information Administration (EIA) estimates that U.S. solar energy consumption will increase by 35% in 2014.
The American Wind Energy Association (AWEA) reported that the U.S. wind industry installed 214 MW during the first quarter of 2014, up significantly from the year-ago installed capacity of 1.6 MW. EIA expects wind capacity to expand 9% in 2014 and 15.5% at the end of 2015. Hydropower is considered the leading renewable energy source in the U.S. EIA projects that both hydropower and non-hydropower renewable used for electricity and heat generation will grow by approximately 3.3% in 2014 and 3.2% in 2015.
Today we have picked 11 high yielding alternative energy and utilities stocks that offer an attractive combination of high free cash flow yield, earnings yield and dividend yield. Moreover, these stocks have registered strong EPS growth during 2013 and provide high Return on Equity.
|
Company Name |
Exchange |
Ticker |
Market Cap |
Last Price |
Average Volume |
Price Change |
EPS Growth |
Free Cash Flow Yield |
Earnings Yield |
Dividend Yield |
Return On Equity |
|
Ferrellgas Partners LP |
NYSE |
FGP |
2.2 |
27.25 |
162,088 |
11.1% |
NM |
9.7% |
3.7% |
3.7% |
19.6% |
|
Canadian Solar Inc |
NASDAQ |
CSIQ |
1.4 |
25.43 |
3,950,092 |
-5.2% |
NM |
14.9% |
1.8% |
6.7% |
15.2% |
|
Star Gas Partners LP |
NYSE |
SGU |
0.4 |
6.16 |
135,231 |
-5.1% |
17.5% |
4.3% |
9.6% |
3.6% |
12.1% |
|
Green Plains Inc |
NASDAQ |
GPRE |
1.0 |
28.01 |
1,009,481 |
-0.6% |
269.2% |
15.0% |
6.6% |
7.7% |
10.3% |
|
Aqua America Inc |
NYSE |
WTR |
4.4 |
24.84 |
494,970 |
-3.4% |
9.8% |
1.4% |
4.9% |
4.2% |
10.3% |
|
IDACORP Inc |
NYSE |
IDA |
2.8 |
54.88 |
247,736 |
-1.8% |
4.9% |
2.7% |
7.0% |
3.0% |
9.7% |
|
UIL Holdings Corp |
NYSE |
UIL |
2.1 |
36.55 |
431,870 |
-1.2% |
7.8% |
1.0% |
5.9% |
4.5% |
9.4% |
|
Great Plains Energy Inc |
NYSE |
GXP |
3.9 |
25.36 |
1,328,192 |
-6.7% |
19.1% |
2.8% |
6.7% |
3.8% |
8.2% |
|
Northwest Natural Gas Co |
NYSE |
NWN |
1.2 |
45.19 |
125,257 |
1.1% |
2.3% |
3.2% |
5.2% |
4.3% |
7.9% |
|
Brookfield Renewable Energy |
TSX |
BEP-U |
4.3 |
32.40 |
206,455 |
1.2% |
NM |
21.4% |
2.0% |
5.5% |
2.3% |
|
Just Energy Group Inc |
TSX |
JE |
0.9 |
6.37 |
1,566,946 |
-26.0% |
NM |
5.9% |
13.8% |
18.6% |
NA |
Source: Bloomberg
Market cap & Last Price are in their respective currencies
Company Description:
Ferrellgas Partners LP (NYSE: FGP)
Ferrellgas Partners, L.P. sells, distributes markets, and trades propane and other natural gas liquids. The Partnership serves residential, industrial/commercial, portable tank exchange, and agricultural, wholesale and other customers throughout the United States, the District of Columbia, and Puerto Rico.
Canadian Solar Inc (NASDAQ: CSIQ)
Canadian Solar Inc. designs, manufactures, and sells solar module products that convert sunlight into electricity for a variety of uses.The company’s products include a range of standard solar modules for use in a wide range of residential, commercial, and industrial solar power generation systems.
Star Gas Partners LP (NYSE: SGU)
Star Gas Partners, L.P. distributes home heating oil and propane to customers in the Northeast and Mid-Atlantic. The company also operates as an active consolidator in these industries. Star Gas Partners distributes home heating oil through its wholly-owned subsidiary and distributes propane directly.
Green Plains Inc (NASDAQ: GPRE)
Green Plains Inc. owns and operates ethanol plants located in the Midwest U.S. The company also markets and distributes fuel grade ethanol, livestock feed and industrial grade corn oil. Green Plains provides grain handling, storage and complementary agronomy services to local grain producers through grain elevators located in Iowa, Missouri, Nebraska and Tennessee.
Aqua America Inc (NYSE: WTR)
Aqua America Inc. is a water utility company. The company supplies water to residential, commercial, industrial, and public customers. Aqua America serves residents through its water and wastewater operations in the Northeastern Southeastern, and Midwestern United States.
IDACORP Inc (NYSE: IDA)
IDACORP, Inc is the holding company for Idaho Power Company, an electric utility and IDACORP Energy, an energy marketing company. Idaho Power generates, purchases, transmits, distributes, and sells electric energy in southern Idaho, eastern Oregon, and northern Nevada. IDACORP Energy maintains electricity and natural gas marketing operations.
UIL Holdings Corp (NYSE: UIL)
UIL Holdings Corporation provides for the transmission and delivery of electricity and other energy related services. The company’s subsidiaries are natural gas distribution companies.
Great Plains Energy Inc (NYSE: GXP)
Great Plains Energy Incorporated provides electricity in the Midwest United States. The company develops competitive generation for the wholesale market. Great Plains is also an electric delivery company with regulated generation. In addition, the company is an investment company focusing on energy-related ventures nationwide that are unregulated with high growth potential.
Northwest Natural Gas Co (NYSE: NWN)
Northwest Natural Gas Company distributes natural gas to customers in western Oregon, as well as portions of Washington. The company services residential, commercial, and industrial customers. Northwest Natural supplies many of its non-core customers through gas transportation service, delivering gas purchased by these customers directly from suppliers.
Brookfield Renewable Energy (TSX: BEP-U)
Brookfield Renewable Energy Partners LP produces electricity exclusively from environmentally friendly hydroelectric resources. The company owns, operates and manages hydroelectric generating stations in the United States, Canada and Brazil.
Just Energy Group Inc (TSX: JE)
Just Energy Group, Inc. sells natural gas and/or electricity to residential and commercial customers under long-term fixed-price and price-protected contracts. The company also offers its customers the option to receive all or part of their electricity and natural gas from renewable sources. Just Energy operates in Canada and the United States.
