Solar energy has become a hot investment theme. Companies in the alternative energy industry are currently on a mission to help the global economy shift away from fossil fuels toward solar energy. This transition is expected to take many years as well as trillions of dollars, creating a compelling opportunity for long-term investors. Therefore, we will take a close look at seven solar stocks with future growth potential for hot summer days ahead.
The solar energy market is gaining pace at an accelerating rate. Recent metrics highlight, “Global solar energy market size was valued at $52.5 billion in 2018, and is projected to reach $223.3 billion by 2026, growing at a CAGR of 20.5% from 2019 to 2026.” Despite a significant surge in the price of polysilicon used in solar panels, solar energy is still on track to be the lowest-cost source of power generation in the coming years.
In 2020, solar stocks delivered lucrative returns. For instance, the MAC Global Solar Energy Index was up over 230%. However, many solar stocks have seen some correction this year. The widely-followed exchange-traded fund (ETF), Invesco Solar ETF (NYSEARCA:TAN), is down almost 24% year-to-date (YTD). The decline is in part due to profit-taking. But the uncertainty around the Federal Reserve’s interest-rate course and how it may impact growth stocks has also put pressure on solar shares.
Best Value Stocks To Own For 2021: Kronos Worldwide Inc(KRO)
Kronos Worldwide, Inc. produces and markets titanium dioxide pigments (TiO2) worldwide. It produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for products, paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, food, and cosmetics. The company also provides ilmenite, a raw material used directly as a feedstock by sulfate-process TiO2 plants; iron-based chemicals, which are co-products and processed co-products of the sulfate and chloride process TiO2 pigment production used as treatment and conditioning agents for industrial effluents and municipal wastewater, as well as in the manufacture of iron pigments, cement, and agricultural products; and titanium oxychloride and titanyl sulfate that are side-stream specialty products from the production of TiO2 under the Kronos brand name. The companys titanium oxychloride is used in the formulation of pearlescent pigments and production of electroceramic capacitors for cell phones and other electronic devices; and titanyl sulfate is used in pearlescent pigments, natural gas pipe, and other specialty applications. In addition, it sells and provides technical services for its products. The company sells its products through distributors and agents to paint, plastics, decorative laminate, and paper manufacturers. The company is headquartered in Dallas, Texas. Kronos Worldwide, Inc. is a subsidiary of Valhi, Inc.
- [By Shane Hupp]
Kronos Worldwide (NYSE:KRO) issued its earnings results on Monday. The specialty chemicals company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01), Fidelity Earnings reports. Kronos Worldwide had a return on equity of 33.77% and a net margin of 12.94%. The company had revenue of $349.40 million for the quarter, compared to the consensus estimate of $378.00 million.
- [By Timothy Green, Travis Hoium, and Maxx Chatsko]
No matter your investing style, stocks that no one is paying attention to are often the best deals. Unpopular or lightly followed dividend stocks can become depressed in price, pushing up the yields and creating bargains for eagle-eyed investors. Three of our Motley Fool contributors think Vodafone (NASDAQ:VOD), Hanesbrands (NYSE:HBI), and Kronos Worldwide (NYSE:KRO) aren’t getting the attention they deserve. Here’s why these dividend stocks would make a great addition to your portfolio.
- [By Maxx Chatsko]
Despite continued strength globally for the material, many titanium dioxide producers have seen their share prices drop by double digits since the beginning of the year. For instance, Kronos Worldwide (NYSE:KRO) stock has dropped by 19% in 2018 even though the business is cruising along right now. That has pushed its dividend yield to 3.4% — much higher than most peers.
- [By Max Byerly]
Shares of Kronos Worldwide, Inc. (NYSE:KRO) have been given a consensus recommendation of “Hold” by the six research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $25.33.
Best Value Stocks To Own For 2021: RealD Inc(RLD)
RealD Inc., together with its subsidiaries, licenses stereoscopic 3D technologies in the United States, Canada, and internationally. The company designs, manufactures, licenses, and markets its RealD Cinema Systems that enable digital cinema projectors to show 3D motion pictures and alternative 3D content to consumers wearing the company?s RealD eyewear. It also offers RealD Display, active and passive eyewear ,and RealD Format technologies to consumer electronics manufacturers, and content producers and distributors to enable the delivery and viewing of 3D content on high definition televisions, laptops, and other displays. In addition, the company sells CrystalEyes eyewear, monitors, digital light processing television kits, polarizer films, emitters, and linear polarizing systems to companies, government agencies, academic institutions, and research and development organizations for applications in piloting the Mars Rover and in theme park installations. RealD Inc. was founded in 2003 and is headquartered in Beverly Hills, California.
- [By Shane Hupp]
News coverage about RealD (NYSE:RLD) has been trending somewhat negative on Thursday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. RealD earned a news impact score of -0.11 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.1473505020268 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Best Value Stocks To Own For 2021: National Commerce Corporation(NCOM)
National Commerce Corporation operates as a bank holding company for National Bank of Commerce that provides various financial services to individuals, businesses, business owners, and professionals. It offers various deposit products, including interest and noninterest-bearing demand deposits, money market accounts, interest-bearing transaction accounts, savings and time deposits, checking and NOW accounts, and certificates of deposit, as well as negotiable orders of withdrawal accounts. The company also provides lending products comprising real estate loans, such as commercial real estate term loans, residential mortgage loans, and construction and land development loans, as well as home equity lines of credit secured by residential property; commercial and industrial loans; and consumer loans to purchase automobiles and other consumer durable goods. In addition, it offers factoring, invoicing, collection, and accounts receivable management services to transportation companies, and automotive parts and service providers; and electronic banking services, including commercial and retail online banking, automated bill payment, mobile banking, and remote deposit capture. The company offers its services through seven full-service banking offices in Birmingham, Huntsville, Auburn-Opelika, and the Baldwin County, Alabama; five banking offices in Longwood, Winter Park, Orlando, and Oviedo under the United Legacy Bank name; four banking offices in Tavares, Ormond Beach, Port Orange, and St. Augustine Beach under the Reunion Bank of Florida; and a full-service banking office in Vero Beach, Florida. National Commerce Corporation was founded in 2004 and is headquartered in Birmingham, Alabama.
- [By Max Byerly]
ValuEngine downgraded shares of National Commerce (NASDAQ:NCOM) from a hold rating to a sell rating in a research report released on Thursday.
NCOM has been the subject of several other reports. BidaskClub upgraded shares of National Commerce from a buy rating to a strong-buy rating in a research report on Thursday, May 31st. Zacks Investment Research upgraded shares of National Commerce from a hold rating to a buy rating and set a $53.00 target price for the company in a research report on Wednesday, June 27th. Finally, Stephens reiterated a hold rating and set a $48.00 target price on shares of National Commerce in a research report on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company currently has a consensus rating of Hold and an average target price of $48.67.
- [By Stephan Byrd]
National Commerce (NASDAQ:NCOM) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.
- [By Joseph Griffin]
The Manufacturers Life Insurance Company boosted its holdings in shares of National Commerce Corp (NASDAQ:NCOM) by 0.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 223,067 shares of the financial services provider’s stock after acquiring an additional 1,798 shares during the quarter. The Manufacturers Life Insurance Company owned 1.29% of National Commerce worth $9,714,000 as of its most recent SEC filing.
- [By Shane Hupp]
Citigroup Inc. trimmed its holdings in shares of National Commerce Corp (NASDAQ:NCOM) by 44.5% in the first quarter, Holdings Channel reports. The institutional investor owned 2,703 shares of the financial services provider’s stock after selling 2,171 shares during the period. Citigroup Inc.’s holdings in National Commerce were worth $118,000 as of its most recent SEC filing.
Best Value Stocks To Own For 2021: ING Group, N.V.(ING)
ING Groep N.V., a financial institution, provides banking products and services to individuals, small and medium enterprises, and mid-corporates. It operates through Retail Netherlands; Retail Belgium; Retail Germany; Retail Rest of World; and Commercial Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending, mortgages, consumer lending, cash management, corporate finance, real estate, and lease products. It operates in the Netherlands, Belgium, Rest of Europe, North America, Latin America, Asia, and Australia. The company was founded in 1991 and is based in Amsterdam, Netherlands. ING Groep N.V. operates as a subsidiary of Stichting ING Aandelen.
- [By Max Byerly]
Iungo (CURRENCY:ING) traded 1.1% higher against the U.S. dollar during the twenty-four hour period ending at 16:00 PM Eastern on October 12th. One Iungo token can now be bought for about $0.0115 or 0.00000184 BTC on popular cryptocurrency exchanges including IDEX, YoBit and Kucoin. In the last week, Iungo has traded down 28.3% against the U.S. dollar. Iungo has a total market cap of $458,989.00 and $32,182.00 worth of Iungo was traded on exchanges in the last 24 hours.
- [By Shane Hupp]
Mainstay Capital Management LLC ADV trimmed its holdings in shares of ING Groep NV (NYSE:ING) by 53.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,586 shares of the financial services provider’s stock after selling 65,087 shares during the period. Mainstay Capital Management LLC ADV’s holdings in ING Groep were worth $825,000 as of its most recent SEC filing.
- [By Joseph Griffin]
Iungo (CURRENCY:ING) traded 3.1% higher against the U.S. dollar during the 24 hour period ending at 12:00 PM Eastern on September 15th. One Iungo token can currently be purchased for about $0.0195 or 0.00000298 BTC on major cryptocurrency exchanges including YoBit, IDEX and Kucoin. During the last seven days, Iungo has traded down 1.6% against the U.S. dollar. Iungo has a total market cap of $779,267.00 and approximately $2,230.00 worth of Iungo was traded on exchanges in the last 24 hours.
- [By Logan Wallace]
ING Groep NV (NYSE:ING) – Jefferies Financial Group decreased their FY2020 earnings per share estimates for ING Groep in a report released on Tuesday, September 4th. Jefferies Financial Group analyst M. Timat now forecasts that the financial services provider will post earnings of $1.80 per share for the year, down from their prior forecast of $1.84.
Best Value Stocks To Own For 2021: Sempra Energy(SRE)
We provide a description of Sempra Energy and its subsidiaries in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and additional information by reporting segment in Note 16 of the Notes to Consolidated Financial Statements, both in the 2015 Annual Report to Shareholders (Annual Report), which is attached as Exhibit 13.1 to this report and is incorporated herein by reference. This report includes information for the following separate registrants: Sempra Energy and its consolidated entities
San Diego Gas & Electric Company (SDG&E)
Southern California Gas Company (SoCalGas)
References in this report to “we,” “our,” “us,” “our company” and “Sempra Energy Consolidated” are to Sempra Energy and its consolidated entities, collectively, unless otherwise indicated by the context. SDG&E and SoCalGas are collectively referred to as the California Utilities. Advisors’ Opinion:
- [By Lee Jackson]
This is another solid defensive play. Sempra Energy (NYSE: SRE) is a natural gas transmission and distribution company headquartered in San Diego. Company operations are divided into three segments. The California Utilities segment (South California Gas and San Diego Gas and Electric) distributes gas and electricity to approximately 25 million customers in Southern California. The other segments are Sempra US Gas & Power and Sempra International.
- [By Maxx Chatsko]
That said, the insatiable global demand for LNG, especially from energy-poor Asian countries desperately looking to transition away from dirtier coal-fired power plants and industry, means there’s plenty of LNG riches to go around. Dominion Energy and Kinder Morgan are likely to remain relatively small players in the industry, but players nonetheless. Sempra Energy (NYSE:SRE) figures to be a more prominent supplier of the energy source with its Cameron LNG terminal, while privately held Freeport LNG is the majority owner of a project bearing the same name.
- [By Ethan Ryder]
Sempra Energy (NYSE:SRE) had its price objective upped by analysts at Wells Fargo & Co from $126.00 to $128.00 in a report released on Monday. The firm currently has an “outperform” rating on the utilities provider’s stock. Wells Fargo & Co’s target price suggests a potential upside of 12.16% from the stock’s current price.