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Come 1st November 2013, Tasmania will be the fourth State/Territory to implement a plastic bag ban. Read on…
by Debra Fiakas CFA
Are you an investor hungry for current income? Is there a
green line of global warming fear running through your investment
selections? I have stock that fulfills both
Renewable Energy Partners (BEP:
NYSE) is a renewable power producer with assets in Canada, the U.S.
and Brazil. Brookfield generates over 5,900 megawatts of power
each year from plants running on river water, wind or natural
gas. Another 2,000 megawatts is apparently under development
in Canada and Brazil.
What Brookfield does best is hydroelectric production. The
company claims over 170 hydropower stations across the U.S., Canada
and Brazil, diverting river water through turbines to generate very
clean energy. Hydroelectric power generates less than 5% of
the greenhouse gas emissions from coal-fired power plants, which can
spew out as many as 900 tons to 1,000 tons of carbon dioxide per
gigawatt hours of electricity produced. More details can be
found from the Global
Reporting Initiative provides information on the greenhouse
gas emissions from various power sources.
If Brookfield’s hydroelectric power is green enough for you, then
let’s move on the company’s generation of income for its
shareholders. Since Brookfield shares began trading in October
2001, the stock price has climbed steadily to a level 230% higher
than its debut price.
Brookfield started paying a quarterly dividend in December
2011. Management has pledged to distribute between 60% and 70%
of funds from operations as well as to grow distributions by 3% to
5% each year. The current quarter dividend is $0.3625 per
share. At the current price that represents a very attractive
forward dividend yield of 5.1%. Does Brookfield have the cash
to fulfill its dividend pledge?
Brookfield has reported net losses in two of the last three
years. Yet, investors looking only at net income will not get
the full answer to the dividend policy question. Indeed, the
company consistently generates significant positive cash
flows. In the last twelve months Brookfield converted $1.33
billion in revenue to $395.0 million in cash from operations.
Brookfield’s sales-to-cash conversion ratio of 29.7% stands out
among power producers. What is more Brookfield has $227
million in cash on its balance sheet. That is a good nest egg,
but we do note the company has $7.2 billion in debt on the balance
sheet as well.
Despite the debt, Brookfield is an attractive holding for
income-seeking investors. The icing on the cake is a beta
measure of risk at a tepid 0.40. If the stock as it trades on the
Toronto (BEP.UN: TSX) or New York exchanges (BEP: NYSE)
appears a overpriced, there is several series of preferred stock
that also trade on the Toronto exchange.
Debra Fiakas is the Managing Director of Crystal Equity
Research, an alternative
research resource on small capitalization companies in selected
Neither the author of the Small Cap
Strategist web log,
Crystal Equity Research nor its affiliates have a beneficial
interest in the companies mentioned herein.
Tesla’s repayment of a Department of Energy loan nine years ahead of schedule is welcome news and another indication that use of electric vehicles is growing — both here and around the globe.
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CHANTILLY, Va. — The plane parked outside the airport looks more like a giant exotic insect or maybe an outsized balsa wood toy airplane.
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Point Roberts, WA / New York, NY – June 17, 2013 (Investorideas.com renewable energy newswire) Investorideas.com, an investor research portal specializing in investing ideas in leading sectors including renewable energy stocks, issues a trading alert for solar stock, XsunX, Inc. (OTCQB: XSNX). The stock is trading at $0.0150, gaining 0.0016 or 11.94% as of 10:21AM EDT on over 1.2 Million shares.
The company issued an update on June 10 th, entitled, Are Skies Beginning to Brighten for New Technology Sales?
Read full update:
About XsunX (OTCQB: XSNX)
XsunX, Inc. is working to commercialize a new manufacturing process to produce low cost, high efficiency thin-film Copper Indium Gallium (di) Selenide (CIGS) thin film solar cells. Our patent-pending processing technology, which we call CIGSolar®, focuses on the mass production of thin-film CIGS solar cells utilizing a proprietary multi-area thermal deposition process to minimize processing defects to create highly uniform CIGS films. These cells match silicon solar cell dimensions and can be offered as a non-toxic, high-efficiency and lowest-cost alternative to the use of silicon solar cells. The company is offering licenses for the use of the CIGSolar® process technology, and plans to generate revenue through licensing fees and manufacturing royalties for the use of the CIGSolar® technology.
For more information please call XsunX at 888-797-4527, or visit the company’s website at www.xsunx.com
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International Finance Corporation has released a new report called “Success of Geothermal Wells: A global study” with data taken from both public and private sources.
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