Green & Ethical Investment News and Suggestions

NigeWick

If we consider #TSLA to be green and ethical, shares are up over 25% since October. More rise expected as they join the S&P 500 on December 21st. Once all the index funds have bought in, some believe they may drop back down a bit.

Martyn1981

NigeWick said:

If we consider #TSLA to be green and ethical, shares are up over 25% since October. More rise expected as they join the S&P 500 on December 21st. Once all the index funds have bought in, some believe they may drop back down a bit.

TSLA typically does anything but predictable. The S&P entry is now to be done in the 'ripping off the band aid' method of one day, rather than a suggested 2 days one week apart. So on the 18th expect something very 'interesting' to happen, as the index firms linked to the S&P500, and those guided by it, would theoretically need to buy between 25-40% of the float shares.
The price squeeze could be monumental. Or alternatively, enough speculators have bought in advance to sell into the spike, that it could go down. Nothing is predictable with this stock.
Afterwards, the loss in interest may bring the share price down, or the reduction in shares available day to day, may push it up. I'd never bet against Tesla, but betting on TSLA is not for the faint of heart. 

JKenH

NigeWick said:

If we consider #TSLA to be green and ethical, shares are up over 25% since October. More rise expected as they join the S&P 500 on December 21st. Once all the index funds have bought in, some believe they may drop back down a bit.

Well, I did say back in September.😉

JKenH said:

Tesla shares are down about 30% from their peak 10 days ago. All that has happened is that Tesla failed to be elevated to the S&P 500 index (this time) and have launched a share issue to raise another $5billion capital for investment. Nothing else fundamentally has changed. 

If the market perceived the value to be $500 per share 10 days ago then surely they must be worth a punt at $350 today.

 Might, however, be a bit late to jump on board now with the price at $599. I’m still in but if it gets to $700, I’ll probably take my money and run. 

I did make the mistake of selling out once before when I thought prices were frothy and then bought back in on the September dip. I would have been better just sitting in there but hindsight is a wonderful thing.

As Mart says, never bet against Tesla. I honestly think the shares are way overvalued by any conventional metric but the Tesla fan base of private investors seems so large and enthusiastic that they may just see any weakness in the share price, post 18 December as a buying opportunity.

joefizz

JKenH said:

I did make the mistake of selling out once before when I thought prices were frothy and then bought back in on the September dip. I would have been better just sitting in there but hindsight is a wonderful thing.

Nobody was ever made poor by taking profits.

JKenH

joefizz said:

JKenH said:

I did make the mistake of selling out once before when I thought prices were frothy and then bought back in on the September dip. I would have been better just sitting in there but hindsight is a wonderful thing.

Nobody was ever made poor by taking profits.

That is my modus operandi generally. I do trade regularly, typically 250 deals a month this year, buy low, sell high (take the profits) and buy back again when low, sometimes the same day. I realise that such a rapacious capitalist mentality won’t endear me to many people on here but hey, ho it takes all sorts. The two shares I bought and held onto (at least for a lot longer than usual) were Tesla and Orsted which I also tipped on here. 

I think Tesla share have been helped enormously by the Covid crisis. Not just the transition to EVs but a lot of people (not all) have maintained their incomes and forcibly had to reduce their expenditure (travelling , eating out etc) freeing up a lot of cash to “invest”. Tesla has been the place to risk a bit of spare cash just as bitcoin was in 2017. 

Coastalwatch

As an aid to a Green recovery Ripple Energy are offering vouchers from £25 by way of an introduction to their windfarm. They can be purchased and given as presents to friends or relatives via a simple process from their website.

Struggling to think what we could buy people this year we've purchased four for family members in the hope that it may just nudge them into taking the plunge!

Also, being with Octopus we've passed on our personal code offering them a share of £100 should they sign up together with a promise from us to pass over our share if they do.

So, for a nominal outlay, presents to the value of £125 to each and all completed from the relative safety of an armchair.

Coastalwatch

Who'd have thought during the first lockdown that Solar stock prices would perform so well by year end. Also with the shackles being eased upon renewables in the US in the coming years and Solar now accepted as the cheapest from of energy generation then maybe they haven't peaked yet!

Wish I had a crystal ball.

Solar stocks finish 2020 on a high note

Shares of solar companies throughout the world have more than doubled in value over the past 12 months, the International Energy Agency (IEA) reported in October. Now, as the year draws to a close, the rally has only picked up speed. Shares of publicly listed renewable equipment manufacturers and project developers have outperformed most major stock market indices and the energy sector as a whole, the IEA said.

Enphase Energy, a solar inverter supplier, has been one of year’s most notable winners. Its share price has increased by 561% over the last 12 months, from $26.81 on Dec. 23, 2019, to roughly $177.27 this week. SunPower has seen its share price make similar gains. Jinko Solar, SolarEdge Technologies, and Invesco Solar have all seen their share prices rise by about 240% over the same period.

https://www.pv-magazine.com/2020/12/23/solar-stocks-finish-2020-on-a-high-note/

Coastalwatch

TRIG commit to continue their growth towards a cleaner sustainable future by looking backwards with SONIA!

Having read the article below I couldn't help but wonder who in heavens name might Sonia be!

Turns out not to be a she but a finance related term scheduled to replace the largely discredited Libor rate used by banks and other such insitutions to agree loan interest rates.

From my limited understanding then whereas Libor looked forward and included an element of risk Sonia looks backward at actual agreed transaction rates removing the risk element.

I'm sure it's far more involved than my simple words above but historically shows a lower and more stable rate than Libor.

TRIG lands £500m credit facility to pursue new investments

The Renewables Infrastructure Group (TRIG) has secured a £500 million ESG-linked SONIA credit facility to support its new investments.

It has therefore successfully refinanced and expanded its revolving credit facility (RCF), with this having been done at lower rates. In May 2020, the company raised £120 million to go towards the RCF, issuing 100 million new ordinary shares. The refinanced RCF has been made available for a three-year term, with TRIG stating that the larger size reflects its increased scale of acquisitions.

Already, it has invested in a portfolio of over 70 wind, solar and battery storage projects with aggregate net generating capacity of over 1.6GW and is currently seeking further suitable investment opportunities.

https://www.solarpowerportal.co.uk/news/trig_lands_500m_credit_facility_to_pursue_new_investments

Edit. free removed from term "risk free element"

Coastalwatch

In spite of the nationwide disruption brought about by Covid this year it is heartwarming to learn that the three projects supported through Abundance in the last 18 months or so have duly coughed up their anticipated returns. Circa twenty times that of existing bank or building society rates.

Exiled_Tyke

This looks interesting. Investments will be in small projects which they believe can make a higher returns than large ones.  They are also aiming for an initial but progressive dividend policy of 5p per share (£1 nominal value and offer price) AFTER the first year.  

https://www.hl.co.uk/shares/ipos-and-new-issues/vh-global-sustainable-energy-opportunities-trust#