The global energy system is in a state of upheaval, thanks to the Covid-19 pandemic, which has “caused more disruption than any other event in recent history, leaving scars that will last for years to come,” says the International Energy Agency (IEA) in its latest World Energy Outlook (WEO).
“But whether this upheaval ultimately helps or hinders efforts to accelerate clean energy transitions and reach international energy and climate goals will depend on how governments respond to today’s challenges,” the report adds, suggesting that the next decade will be pivotal to both recovering from the current crisis and to tackling climate change.
Global energy demand is set to drop by 5% in 2020, with energy-related CO2 emissions down by 7% and investment in the sector 18% lower than the previous year as the pandemic-induced lockdowns around the world depress economic activity. Global energy
The shares of SunPower Corporation (NASDAQ: SPWR) are down 3.5% to trade at $16.68 at last check, despite earlier hitting a four-year high of $18.25. And while the renewable energy company already enjoys a jaw-dropping 231.8% lead year-to-date — with support from the 30-day moving average over the last few weeks — a historic bullish signal now flashing could indicate even more upside for SPWR in the near future.
Specifically, the stock’s recent peak comes amid historically low implied volatility (IV), which has been a bullish combination for the equity in the past. According to data from Schaeffer’s Senior Quantitative Analyst Rocky White, there have only been two other times in the past five years when the stock was trading within 2% of a 52-week high, while its Schaeffer’s Volatility Index (SVI) sat in the 20th percentile of its annual range or lower — as is the case with the
One beneficiary of that acceleration will be leading renewable power producer Brookfield Renewable(NYSE: BEP)(NYSE: BEPC). That’s evident in the company’s updated five-year plan, which forecasts high-powered earnings and dividend growth through at least 2025. Add that visible upside to the company’s already high-yielding dividend, and there’s good reason to believe it will produce substantial total returns for investors over that time frame.
NEW YORK, N.Y., Sept. 21, 2020 (SEND2PRESS NEWSWIRE) — AY Young, founder, Battery Tour, was named by the United Nations (UN) as one of 17 Young Leaders for the Sustainable Development Goals (SDGs); and to Fresh Energy’s 2020 Energy News Network’s “40 Under 40.”
On a biennial basis, the Office of the Secretary-General’s Envoy on Youth recognizes 17 young change-makers, between the ages of 18 and 29, who are leading efforts to combat the world’s most pressing issues and whose leadership is catalyzing the achievement of the SDGs.
For the UN designation, these young leaders were selected from more than 18,000 nominations from 186 different countries to represent the diverse voices of young people from every region of the world, and are collectively responsible for activating millions of young people in support of the SDGs. Young is the only Youth Leader selected from the U.S.
I see parallels in the current market compared to the tech bubble in the late 1990s, during which solid and defensive income names were passed in favor of high-flying tech names. In this article, I’m focused on AES Corporation (AES), which belongs to the defensive utility sector. I evaluate what makes this an attractive investment at the current valuation. So, let’s get started.
(Source: Company website)
A Look Into AES Corporation
AES Corporation is a Fortune 500 global power company. It provides energy in 14 countries through a diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Last year, the company generated over $10 billion in total revenue. It currently owns and manages $34 billion in total assets and employs 9,000 people globally. AES derives approximately 85% of its revenues from the U.S., with much of the rest coming from Latin America (8%) and Europe (6%).