Many investors are interested in investing in companies that are involved in the production of energy through renewable (non-fossil fuels-based) means. Unfortunately, publicly-traded companies in this area that meet our criteria are difficult to find.
Some companies involved in alternative power generation, especially solar, are growing well but carry sky-high P/E ratios that make them expensive for our tastes. Import tariffs have the potential to wreak havoc on Chinese manufacturers, and other Chinese companies come with their own problems of analysis and concerns about transparency.
On the pink sheets can be found many companies that are attempting to cash in on a trend, but these generally don’t have the fundamentals to support ownership.
And many large multi-national companies like General Electric and Siemens have energy businesses that aren’t significant segments of their total operations.
That’s why I was excited to find a company involved in renewable energy for last month’s SmallCap Informer. The company hopes to take advantage of trends in wind energy production worldwide, and may be one of the best non-speculative investments in green energy available to investors today.
Just last week in Forbes, it was reported that predictions from the Global Wind Energy Council indicate that wind capacity by 2022 could grow 56% from the end of 2017. The winds of change indeed.
Our featured company closed at $22.86 May 1, 2018, the day after the SmallCap Informer issue was published. By the end of May, it had reached $26.29 for a very nice one-month gain of 15.0%. But there's plenty more growth potential left for TPI Composites, Inc. (TPIC).
For the full writeup, log in to the SmallCap Informer.