This issue we examine two unique companies. The first is the only one of its kind making high-value products, including food and fuel, from what others consider waste products. The second is a large clean energy producer that offers a combination of utility-like stability and growth from ESG macro trends in the U.S.

We also tweak our Real Money Portfolio in light of performance and conditions, review the Excelsior portfolio, the Greentech Timer and suggest three additional ESG stocks to consider.

Greentech remains near-term bullish, an encouraging sign as most subsectors are holding on to gains. Our featured stock is an innovative energy storage venture that has exceptionally encouraging performance since going public in February. It’s not all clear skies however – we tweak some of our holdings this issue to acknowledge specifics with companies.

Global fossil fuel uncertainty is shining the spotlight back on renewables as the best way for most economies to be energy independent. This issue we feature one of America’s largest renewable generation portfolios, which offers an exceptional 4%-plus dividend yield. We also look at a young renewables-focused business finding its legs in wind, solar and infrastructure.

As always, we also highlight three technically strong ESG stocks to consider and give updates on our Greentech Timer and Real Money and Excelsior portfolios. Read on!

Fossil fuel energy market turmoil sparked by Russia has spurred buyers into Greentech, giving our sector its best stance in three months. This issue, we feature two stocks. One is a play on re-shoring, scarcity and even national defense in addition to the boom in renewable energy. The other is a nearly guaranteed way to preserve capital with private-equity-like upside.

Also in this issue, we detail our current portfolio recommendations, the state of Greentech and offer up a fresh ESG Three stocks to consider.

The $1.2 trillion infrastructure bill money should start flowing this year. This issue we feature two businesses that should benefit from the influx of capital into public spending on top of their already positive growth.

Action in Greentech has us cautiously optimistic that the sector is reversing the bearishness that has gripped tech stocks and renewables for the past few months. In this issue, too, is our ESG Three stocks to consider, a glance at what out Greentech Timer tells us and a full update on our Real Money and Excelsior portfolios.

It’s a bear market but there are still good stocks. This issue we add two to our Real Money Portfolio. One is a little-known company that with a niche in transporting renewable energy parts, like turbine blades. Its stock, technically, looks great and a management turnaround is taking hold. Our other pick is a Greentech special purpose acquisition company that will preserve our capital while giving us multiple options down the line to score big profits.



Also inside: our ESG Three, Greentech Timer and a full update on our Real Money and Excelsior portfolios.

This issue we take an elemental approach, in a sense, featuring two businesses at the beginning and the end of product cycles. One is a start-up that promises to soon be one of the world’s largest producers of an essential EV component. The other finds a use for mothballed power plant waste to save carbon emissions elsewhere. It just got a boon from a new EPA announcement.

As always, too, our ESG Three, Greentech Timer and an update on our Real Money and Excelsior portfolios are included.

A new year brings a fresh perspective. Flows into U.S. ESG funds rose 20% in 2021 and doubled worldwide. Some $3.9 trillion is now dedicated to environmental, social and governance issues globally, primarily in equities. All that money sees the long-term trend of Greentech continuing upward, driven by the desire to combat climate change and the universe of innovation it has inspired.



This issue we feature two selections. For the Real Money Portfolio, we focus on an upcycler benefitting from strong construction activity. For the Excelsior portfolio, we offer a high-risk, high-reward player in hydrogen.

Omicron, inflation and the Fed all seem to be conspiring to make traders restless. While Greentech is down, we appear to be at the bottom end of a long-term trading range. The sector has managed to find the strength to rebound at current levels before over the past half year, we expect it to find reason to do so again.

We set aside the high-growth, high-volatility stock this issue to focus on a quotidian task: collecting waste oil and waste water for purifying and recycling. Our featured stock this issue is a leader in the U.S. and Canada. It makes money, has a good price chart and trades at a discount to its main competitor.

Fears over the omicron variant and inflation have markets on edge. That has Greentech pulling back a bit from its recent bull move. We need to be a bit more cautious in the near term as a result, but the outlook for the sector remains excellent – and there remain attractive Greentech stocks to buy even in these conditions.

This issue we add a new stock to our Real Money Portfolio – a company resulting from two mergers less than three months ago. It’s already quite profitable and on a strong growth trajectory. Its shares are at an attractive price today.

To borrow a phrase usually deployed when tax cuts are rolled out, the infrastructure bill has “released the animal spirits” in Greentech. Our sector is bullish and appears to be working off of a strong base built since May.

This issue we have two new additions to our portfolios – one is an American company that suddenly has global market leadership in a crucial part of utility solar. The other is one of those companies long touted to be a game changer when in its start-up phase, so much so that Bill Gates backed it. It’s now public and fills an important energy niche with a delightfully simple approach.

Greentech is looking more bullish than it has in six months as enthusiasm gathers around EVs, solar and governments’ suggestions at the current United Nations Climate Conference to combat global warming.

This issue we look at an American company that has repositioned itself to be one of the primary providers of the next generation of semiconductors. EV makers, renewable energy providers and the aerospace industry in particular are eager to get their hands on this company’s chips and related products. It’s a growth story around electrification and decarbonization.



Given the bullish state of the sector, we also start building our Watch List once more, with three suggestions of securities some of us are already familiar with.

It’s a bear market and there’s a lot of confusion among the various pundits about what’s next. As tempting as it may be to say we’ve hit bottom and are rebounding, it’s just too risky right now to say so. When things get confusing and sentiment swings too much one way or the other, I like to simplify my decision process.
For Greentech, I’m looking at where prices are relative to the 200-day moving average, my favorite gauge of long-term sentiment, as well as the 40-day average, which is quick enough to suggest a turnaround while filtering out near-term noise.

It’s not a surprise for those following the market lately: it’s a bear market in Greentech. The past week, only 5% of the Greentech universe is trading higher and every subsector – water, wind, solar and nuclear – are bearish too.

The market is bearish and nearly every subsector within it is too – only real estate is above its primary moving averages among the S&P 500 sectors. There are a lot of warning signs around, with weakness broad among all stocks – only about a quarter of equities are trading over their 50-day moving average and less than 30% are over their 200-day. It’s time to be cautious and be prepared to cut losses and preserve capital.

The past week has seen a reversal of the bullishness in Greentech, with five of the past six trading sessions down days and nearly two-thirds of stocks in our coverage universe lower over the past week too. Interestingly, our benchmark index, the Wilderhill Clean Energy Index, has seen much more bearishness among its 78 components, with 70 of them lower the past week. Comparing the two shows that EVs and batteries, which the Wilderhill holds a lot of, are the very poor performers. The good performers, most of which the Wilderhill doesn’t hold, are nuclear-related stocks, infrastructure companies, and organic food-related stocks.

After adding IEA to the portfolio after last week’s ratings change, we’re fully invested in our Real Money Portfolio. It’s designed to be 12 holdings of equal initial size. We’re up 4% on the total portfolio we hold now, based on market prices entering today (higher if we tally dividends and trust value of the portfolio’s two SPACs). That puts us in a good spot if Greentech remains on the upswing, since being fully invested in the early stages in a bull move allows us to capture more of the upside. There is resistance ahead, with charts suggesting a move 5% higher and then 12% above current levels will bring in sellers. However, the general stance remains bullish, with our benchmark Wilderhill Clean Energy Index above its uptrending 20-day and 40-day moving averages and little pushback by bears since a high-volume, strong price move earlier this month.

Greentech is in the midst of its best run, on a weekly basis, since the huge bull advance from spring 2020 into the start of 2021. By our Greentech Timer’s definition, it’s a bull market now. Our benchmark index, the Wilderhill Clean Energy Index, is trading over its 20-day and 40-day moving averages, both of which are trending higher, a condition that started Monday. We’re also seeing the most consistently strong buying volume in Greentech in 13 months. Breadth is excellent. Over the past week, 92% of Greentech stocks are higher – 267 out of the 291 we track – and over the past month 83% are higher. It’s quite a swing in sentiment: over the past three months only 37% of Greentech stocks are higher, even after the past four weeks of excellent performance.

By the looks of the market, skyrocketing fossil fuel prices have recently made Greentech the growth stock safe harbor. Since Russia’s invasion of Ukraine began on February 24, oil, as represented by the U.S. Oil Fund ETF (USO) is up 24%, a spike to be expected from the uncertainty around the supply of fuel commodities.

Russia’s invasion of Ukraine likely brings some short-term effects that matter to the Greentech sector. The primary one is probably a rise in costs for oil and natural gas, partly because oil tends to react upward on global crises generally, and also because the cancellation of the Nord 2 undersea natural gas pipeline to western Europe from Russia means natural gas will leave the U.S. as LNG to supply Europe.

Greentech is still bearish, but a 12% rebound from the lows of last week gives us the feeling that things are stabilizing. Our sector is being helped by very good earnings results in solar and renewable-energy related semiconductors, which clearly are easing various investor fears.

By some measures, Greentech looks more bearish than it has since March last year, with our benchmark Wilderhill Clean Energy Index breaking below support around 70-68.

By some measures, Greentech looks more bearish than it has since March last year, with our benchmark Wilderhill Clean Energy Index breaking below support around 70-68.

Greentech continues to sit on the bearish side of things, but it’s holding the bottom of the trading range the sector has been in since May 15.

We’re up 160% on our Excelsior portfolio’s Navitas Semiconductor warrants (NVTS.WS) today. At a recent price of 6.70, the warrants are trading for more than their maximum fair value and we recommend selling most of the position today.

Aemetis (AMTX) has yet to dip into our previously stated buy zone, but shares have shown enough stability from this week’s early market-wide wobble that we’re going to recommend using today’s early weakness to buy a full-sized position for the Real Money Portfolio.

The broad market gapped sharply lower today on fears China’s Evergrande could cause a domino-effect of loan defaults. That triggered a few of our sell-stops.

We’re selling out at a modest profit from one of our positions.

We’re changing a recommendation from WATCH to BUY.

We have a sell recommendation today.