Dawn of the Solar Age - Renewable energy expert corner at www.investorideas.com and renewableenergystocks.com with Peter Lynch

Dawn of the Solar Age

Renewable energy expert corner at www.investorideas.com and renewableenergystocks.com with Peter Lynch

Read in full at http://www.investorideas.com/news/2017/renewable-energy/03231Solar.asp

March 23, 2017 (Investorideas.com Newswire) We are at an historic junction of human history in which we are transitioning from the age of fossil fuels to the age of renewable and distributed energy, in effect a true paradigm shift. The tide has turned and the worldwide momentum is irreversible. This change is occurring all around the world and has been accelerating dramatically in the last three years.

One of the most critical and difficult factors to ignore in this accelerated transition is plain and simple - economics.

Renewables are in fact cheaper than all forms of fossil fuels when you compare all of the relevant factors - initial cost, timing of cash flows (cost of money), absence of any variable costs for decades, superior job creation by a number of magnitudes, no pollution and huge resultant cleanup costs and few if any health related costs.

The truly interesting and significant dichotomy in this transition is that at this time the greatest threat mankind has every faced - Climate Change, is upon us and must be addressed immediately and at the same time Climate Change also presents us with the greatest investment opportunity of all time!

Climate Change must be addressed and by far the fastest and cheapest way to address it is with existing renewable technologies - solar, wind, biomass and working together connected to distributed energy networks that are far more flexible, extremely resistant to disruption (storms, terrorism) and have a significantly higher proven reliability.

The investment areas are just starting to appear and present themselves and many more will arise as the transition accelerates. It will be the savvy and aware investors and corporations that will take advantage of it.

Why it is the Dawn of the Solar Age

It is the dawn of the solar age because solar and wind are simply: Better, Faster and Cheaper!

Better - it is clean, pollution free, abundant, available everywhere, has far less financial risk and is the only energy source that dramatically strengthens national security.

Faster - solar scales up as much as 15 times faster than nuclear or fossil fuel plants. There is simply no comparison when it comes to speed of building and the time it takes investors to see an initial return - solar in months, others in years.

Cheaper - due to recent dramatic decreases in price (62 per cent for wind and 82 per cent for solar) in the past five years. These decreases have continued in 2015 and 2016 are projected to continue in 2017 and beyond. These do not include other external costs (pollution, health etc.) that are actually far greater.

The intrinsic advantages of solar are dramatic and insurmountable

Solar is abundant, can be utilized in almost any size (wrist watch to city) and available everywhere. One could say that it is the most "democratic" form of energy in existence.

Solar is renewable and is not finite as are all other fuels and it is the only source of energy that can easily supply all our long term needs. ** The energy from approximately three weeks of sunshine hitting the earth is greater than ALL the energy stored in existing fossil fuels.

Solar & Wind are also the only energy generation technology’s that do not utilize (and pollute) vast amounts of fresh water. This is a key advantage that is seldom mentioned. However, it is without question, an advantage that is insurmountable for any other sources of energy.

Solar & Wind are also the only energy source that do not create or emit carbon and further contribute to climate change.

Why investing is different when a 'paradigm shift" is occurring.

One of the "old" contrary adages in stock market investing is: "this time it is different" - it is generally associated with novice investors who most of the time, lose money.

It is a true that most of the time - things are the same, but during a paradigm shift - the old rules go out the window and a dramatically different playing field presents itself to investors.

It has happened before when personal computers (distributed computing) over took main frame computers (centralized computing) and it is happening now with distributed renewable energy technologies overtaking antiquated centralized energy generation.

The risk of investing in huge power plants that have 30+ year lives when there is the distinct possibility that they could become negative cash flow nightmares is simply gigantic. With efficiency improvements and solar, electricity demand worldwide has been decreasing for the first time ever. This will certainly lead to dramatic decreases in revenues and likely long term negative cash flows for fossil fuel plants, both coal and nuclear, which have been closing down, for economic reasons in larger and larger numbers over the past 5 years.

Likewise investing in assets (oil, coal, gas) that are in the ground also presents an unacceptable level of risk to any investor. These assets could become stranded as a result of climate change or simply they will cost too much compared to renewables to extract. In the U.S. there has recently been (2015-2016) debate about colleges and state pension funds divesting their portfolios from investments in coal.

With all due respect to pension fund analysts, over the past four years the S&P 500 index (SPX) has been UP approximately 160 per cent while Coal ETF's have been down between 80 and 90 per cent - their performance could frankly not be worse. I do not know what the analysts were looking at, just let me just say that I am not familiar with that particular investment strategy and would not recommend utilizing it. The recent activity in the oil sector and huge increases in debt also illustrates the growing risk.

The end of the fossil fuel era is approaching and the trend is irreversible. It is simply another example of the capitalist process of creative destruction that has taken place in many industries over the last 100 years and a huge investment opportunity.

"We are like tenant farmers chopping down the fence around our house for fuel when we should be using nature's inexhaustible sources of energy - sun, wind and tide … I'd put my money on the sun and solar energy. What a source of power! I hope we don't have to wait until oil and coal run out before we tackle that". Thomas Edison

Renewable Energy Related Stocks

Below are a number of my favorite stocks at this time to take advantage of the transition to renewables. Note: both the wind stocks and HASI are currently in my buying category's in my proprietary stock evaluation system the solar stock (FSLR) is not ready to buy at this time and needs to develop its technical foundation more.

Solar Electric (Photovoltaic) related Stocks

First Solar - symbol FSLR, trades on NASDAQ

• First Solar is the largest solar company in the area of Photovoltaics (sunlight to electricity)
• It has excellent management that has been exceptional in making and exceeding their projections regarding revenues and technical progress.
• They have the strongest balance sheet in the industry and a strong backlog
• They utilize a proprietary thin film technology that performs better in warm and moist climates than the industry standard solar panel made of crystalline silicon. This would be an advantage in many of the countries where there is substantial sunlight.

Wind Companies

Gamesa Corporation (GAM - Spain) and Vestas Wind (VWDRY- NASDAQ)

• Gamesa (Spain) and Vestas (Denmark) are two of the largest Wind companies in the world. Both are in my highest category and both have had very strong business and very large backlogs.
• Both will likely participate in the worldwide boom in onshore and off shore wind parks a market which is expected to grow at an accelerating rate over the next five to 10 years.
• Both are well positioned and have quality products with long histories in the industry and also active development programs to keep ahead of the curve.
• Another very large wind player is General Electric, but wind is not a dominate part of their business so it would not qualify as a "pure play" on wind. Also note that GE is a large shareholder in First Solar and shares some intellectual property - as a result I would not be surprised (pure speculation on my part) that at some unknown time in the future FSLR may be acquired by GE.

Renewable Energy Infrastructure Investment

Hannon Armstrong (HASI)

• Hannon Armstrong Sustainable Infrastructure Capital, Inc. is the leader and first to market in the sustainable investment area. It provides debt and equity financing to the energy efficiency and renewable energy markets. The company focuses its investment activities primarily on energy efficiency projects, renewable energy projects and other sustainable infrastructure projects.
• The company has a large backlog and has a healthy dividend (6.9 per cent) for shareholder to enjoy as the company continues its growth.

Mr. Lynch has worked, for 36 years as a Wall Street security analyst, an independent security analyst and private investor in small emerging technology companies. He has been actively involved in following developments in the renewable energy sector since 1977 and is regarded as an expert in this field. He was the contributing editor for 17 years to the Photovoltaic Insider Report, an early publication in PV that was directed at industrial subscribers, such as major energy companies, utilities and governments around the world. He is currently a private investor and has from time to time been a financial/technology consultant to a number of companies. He can be reached via e-mail at: solarpl@aol.com.

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Cannabis Investor and Expert Alan Brochstein, CFA, Talks about the Evolution of the Sector; the Risks and Opportunities

Cannabis Investor and Expert Alan Brochstein, CFA, Talks about the Evolution of the Sector; the Risks and Opportunities

“I believe that there was a landmark revelation in Spicer's comments that people may be overlooking” - Alan Brochstein, CFA

Point Roberts, WA, Delta, BC – March 6­, 2017 – Investorideas.com, a global news source and investor resource covering actively traded sectors including cannabis and hemp stocks features an exclusive interview with Alan Brochstein, CFA. Alan is a well-known expert in the sector and founded 420 Investor, a subscription-based due diligence platform for investors interested in publicly-traded cannabis stocks.

Alan talks about the evolution of the sector and some of the short and long term risks and opportunities.

Read the interview in full at http://www.investorideas.com/news/2017/marijuana/03061Evolution.asp

Alan Brochstein, CFA

Interview  

Q: Investorideas.com

Alan can you share your background and what drew you to the cannabis sector?

A: Alan Brochstein, CFA

My entire thirty-year career has been in the investment industry, with most of it in equity analysis and portfolio management. In 2013, when I was running an independent equity research and consulting practice and working with a handful of institutional money managers, I stumbled upon the publicly-traded cannabis stocks and was surprised on a number of fronts. First, just the fact that there were publicly-traded stocks was quite a shock. Second, it didn't seem as if investment professionals were aware. Third, and most importantly, I was disappointed when I looked at these few stocks to see such terrible fundamentals, high valuations and poor corporate governance practices. Quite simply, these companies didn't really reflect the industry. As a teenager who was very involved with the Libertarian Party back in the 80s, cannabis legalization was a big issue for me, but I had really not been paying attention for over twenty years to the progress that was being made. Over the balance of 2013, I devoted a great deal of time to catching up and learning about the social justice, economic, civil liberties and health issues surrounding cannabis legalization.

Q: Investorideas.com

How would you break down the past few years in terms of the evolution of the sector and in particular, the impact of the last election in terms of legalization in several new states?

A: Alan Brochstein, CFA

The sector has evolved slowly. I joke that I goofed when I named my service "420 Investor" and should have called it "420 Trader". I track about 450 companies in North America, a number that keeps growing. Most of these companies are either stock selling schemes or just not likely to succeed.  The tremendous recent progress of the industry is a two-sided sword, as on the one hand, it represents a fundamental opportunity that attracts investors. At the same time, it also attracts opportunists looking to prey on that investor interest. Hence, the market has been one more appropriate for traders of penny stocks rather than investors.

The legalization of Colorado set off a tremendous bull market in the few stocks that were in existence then (back in early 2014), even if the companies weren't ever going to benefit from what was going on in Colorado. Both the Colorado and Washington implementations went reasonably well. While the industry continued to expand, adding Oregon and Alaska to the states that had fully legalized as well as dramatically expanding the number of state-legal medical cannabis programs, the stocks suffered for two years following that early 2014 move where the typical stock went up over 600% in fewer than three months. The recent elections, which doubled the number of "recreational" states, including the addition of California and Massachusetts especially but also Maine and Nevada, brought a lot of interest to the sector, which recently posted levels not seen since early 2015, as measured by the 420 Investor Cannabis Stock Index. Unfortunately, we are seeing some of the same opportunism among penny stock promoters and newsletters that we saw back in 2014, but at the same time, we are seeing some new entrants in the sector that better reflect the industry in terms of having sales, for example.

We have reached an inflection point, in my view. Recently, two companies announced that they will soon offer Exchange-Traded Funds (ETFs) for the cannabis sector, and there is also a mutual fund. While I find these investment vehicles to have fatal flaws, it shows that there is demand.

Yes, there remains way too much noise in the sector, but I recently launched my fourth model portfolio that reflects my view that investors now have options for long-term investing. My "420 Quality" model portfolio will include these names and is not going to be trading-oriented.

Q: Investorideas.com

When you look at the Canadian market and the publicly traded stocks and the US stocks and market, what are some of the biggest differences in terms of risk and opportunity in each?

A: Alan Brochstein, CFA

The Canadian market has been a big focus of mine. Having a federally legal medical program that will in all likelihood permit sales to all adults beginning in 2018 is a substantial difference from the United States, which is federally illegal. This matters in terms of scaling the businesses as well as raising capital. Since Justin Trudeau was elected in late 2015, the publicly-traded licensed producers in Canada have raised over C$700M, and this excludes subsequent warrant exercises as well as capital raised by private companies. Publicly-traded U.S.

companies struggle to raise capital. Even NYSE-listed REIT Innovative Industrial Properties (IIPR), one of the few stocks that doesn't trade on the OTC, wasn't successful in its IPO, dramatically reducing the size of the offering. Another opportunity for the Canadian companies is their ability to extend their intellectual property and capital into other markets. Germany, for instance, allows imports and will be implementing its federally legal medical cannabis system for local production by 2019, a development that is favorable for a few Canadian companies that are already in that market. Similarly, other parts of the world, including Australia and South America, provide opportunity for the Canadian LPs. The risks in Canada, in my view, are primarily potential delays in legalization as well as the valuation of the stocks.

Q: Investorideas.com

Based on surveys and voting, the American public wants to see marijuana legalized, yet headlines in the last week have investors very nervous following White House Press Secretary Sean Spicer saying during a White House briefing on Feb. 23 that he predicts “greater enforcement” of federal marijuana laws. Where do you see the two contradictory realities meeting over the short term and long term?

A: Alan Brochstein, CFA

I believe that there was a landmark revelation in Spicer's comments that people may be overlooking, as the government is publicly supporting medical cannabis. At the same time, it talks about "recreational" cannabis as being potentially problematic. I believe that these comments about greater enforcement refer to two distinct areas. First, the federal government may play a more active role in determining the ground-rules. The Cole Memo laid out 8 rules that, if followed, would prevent federal interference in states with legal cannabis, and these may be made a bit tougher perhaps. One of those rules, avoiding diversion, is likely the source of concern for the Trump Administration, as there has been litigation from non-legal states against Colorado for not taking effective steps to prevent diversion to their states. This is a serious concern, as commercial organizations are clearly violating federal law by transporting cannabis products outside of Colorado. So, it's actually in the best interests of the cannabis industry for the federal government to step up enforcement in this area. So, more regulations and a more active federal role may be what lies ahead. At the same time, both former President Obama and Attorney General Jeff Sessions have suggested that the current laws need to be changed by Congress, which has acted like an ostrich with its head in the sand over the past few years. I don't expect full legalization at the federal level for quite some time, but there are several steps Congress can take that would help clarify what is permitted under state-legal cannabis and what isn't. Big areas of concern have been banking and medical research.

Can federally regulated banks work with state-legal businesses? Can state institutions who take federal money conduct medical cannabis research? The laws aren't clear, and the uncertainty has stymied the industry.

Q: Investorideas.com

Also on that note, there was a big sell-off on some of the stocks, some dropping up to 15% on the Spicer comment. Do you see that as a buying opportunity for the right stocks?

A: Alan Brochstein, CFA

Without doubt, there is substantial uncertainty and potential risk to cannabis companies post-November. Cannabis remains federally illegal, and the hands-off enforcement policy since 2013 (Cole Memo) may be ending. With that said, the higher quality companies in the sector have pulled back rather dramatically since early November. While the Trump Administration is taking a potentially different approach to "recreational" cannabis than medical cannabis, which it has endorsed, I don't expect major changes ahead. The states that have implemented will not go back, in my view, though we could see not only some changes to how the federal government deals with state-legal cannabis from a regulatory perspective as well as some delays in implementing in the new states to legalize, which includes California, Maine, Massachusetts and Nevada. With that said, I believe that Congress may finally move over the next few years to address some issues like banking and research.

Q: Investorideas.com

Separate from the growers and retailers, where do you see opportunity in the service providers in the sector and where do you see the biggest untapped potential?

A: Alan Brochstein, CFA

I am always looking for companies that provide technology to help achieve two goals: Lowering the cost of production and improving compliance. While I expect that there will always be a craft cannabis angle that some companies will play, and of course building brands will pay off for many, the production of flower will continue to commoditize over time. We have seen tremendous price pressure in Colorado and Washington just a few years after implementation of legal production for adult use. So, companies that can help growers lower their costs merit attention. Cutting labor and energy costs are big opportunities.

Similarly, many companies will struggle to remain compliant with regulations, which is essential in a legal, regulated market. Another area where I see opportunity is broadly in standardization and consistency of outcomes. The big criticism of cannabis, which is a very complex plant, is that the user experience varies too greatly. I think that those companies that are able to create solutions to this problem will win big. I also think those companies that can create health and wellness solutions as opposed to just marketing big doses of THC, will be tapping into a new market.

Q: Investorideas.com

In closing, every big growth sector like this goes through a cycle of cleansing and purging to let the best rise to the top. Where do you see the stocks in the sector within this cycle and what should investors be looking out for in the short term?

A: Alan Brochstein, CFA

I have been disappointed with the pace of the development of the publicly-traded stocks until recently. While the vast majority of the companies don't merit attention in my view, we are starting to see companies that better reflect the industry. The Canadian story is playing out very well, and the GW Pharma (NASDAQ: GWPH ) progress towards having the first FDA-approved cannabis-derived drug has been substantial.  I suggest investors focus on revenue, and I have identified 10 companies that posted sales of $5M or more in 2016, and I expect this group to grow in size this year. Investors should focus on not only sales potential and financial metrics but also management quality, balance sheet strength and access to capital.

About Alan Brochstein, CFA and 420 Investor: Founded by Alan Brochstein, 420 Investor is a subscription-based due diligence platform for investors interested in publicly-traded cannabis stocks. His affiliated New Cannabis Ventures is a content aggregation site focused on investors and entrepreneurs in the cannabis industry. Alan Brochstein, founder, has worked in the securities industry since 1986, primarily with the responsibility for managing investments in institutional environments until he founded AB Analytical Services in 2007 in order to provide independent research and consulting to registered investment advisors.

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TSX Energy / Construction Services News: Enterprise Group (TSX: $E) Reports Fourth Quarter And Full Year 2016 Results

TSX Energy / Construction Services News: Enterprise Group (TSX: $E) Reports Fourth Quarter And Full Year 2016 Results

Company reports positive EBITDA of C$ 1.8 million for Q4 2016 versus (C$120,950) 2015 . For the same period, EBITDA rose to 22% from negative 2% in Q4 2015

St. Albert, AB - March 22, 2017 (Investorideas.com Newswire) Energy and Construction News alert- Enterprise Group, Inc. ("Enterprise," or "the Company") [TSX: E] , a consolidator of services to the energy sector; focused primarily on construction services and specialized equipment rental, today released its Q4 2016 and FY2016 results.

Consolidated:	Three months December 31, 2016	Three months December 31, 2015 restated(3)(4)	Year ended December 31, 2016	Year ended December 31, 2015 restated(3)(4)	Change year over year
Revenue	$8,326,646	$6,928,381	$28,723,585	$39,754,739	($11,031,154)
Gross margin	$2,415,477	$312,879	$6,828,782	$9,076,938	($2,248,156)
Gross margin %	29%	5%	24%	23%	1%
EBITDA(1)	$1,827,760	($120,950)	$3,851,894	$5,500,260	($1,648,366)
Loss before tax (2)	($8,311,697)	($19,466,008)	($15,553,151)	($23,250,495)	$7,697,344
Net loss from continuing operations (2)	($8,047,925)	($17,252,047)	($12,922,496)	($19,906,559)	$6,984,063
Loss from discontinued operations (3)(4)	($1,872,539)	($1,312,265)	($242,544)	($400,592)	$158,048
Net loss and comprehensive loss (2)	($9,920,464)	($18,408,292)	($13,165,040)	($20,307,151)	$7,142,111
EPS	($0.18)	($0.35)	($0.24)	($0.40)	$0.16
Total assets	$84,600,493	$119,217,868	$84,600,493	$119,217,868	($34,617,375)
(1) Identified and defined under "Non-IFRS Measures".
(2) Includes a non-recurring and non-cash impairment charge of $8,436,911 (2015 - $16,558,240) relating to property, plant and equipment, intangible assets and goodwill.
(3) In July 2016, the Company closed a transaction to divest substantially all the assets of TCB. The net operations of TCB, including the prior period, are presented as a single amount in the consolidated statements of loss and comprehensive loss.
(4) In December 2016, the Company decided to cease all operations relating to single pass tunneling. The net operations of this line of business, including the prior period, are presented as a single amount in the consolidated statements of loss and comprehensive loss.

For Q4 ending December 31, 201, Enterprise saw a 20 percent increase in revenue to C$8.3 million from C$6.9 million for the same period 2016. Gross profit margin rose to 29% from 5% in Q4 2015.

As well, the Company is pleased to report positive EBITDA of C$1.8 million for Q4 2016 versus (C$120,950) 2015. For the same period, EBITDA rose to 22% from negative 2% in Q4 2015.

"Enterprise management is extremely encouraged by our latest results," stated Leonard D. Jaroszuk, CEO, President and Chairman. "From negative cash flow in Q4 2015, management efforts raised that number to positive C$0.07 per share. As well, we secured amended loan agreements to reduce our interest rate along with more favourable covenants. Equally impressive is that the Company retired debt of C$18.3 million through the funds (C$19.8 million) received from the transaction to divest substantially all the assets of TC Backhoe & Directional Drilling Ltd (TCB)."

The acquisition of TCB in 2007 for $12 million was immediately accretive. During our 9.5 years of ownership, TC generated roughly 13-fold ($154 million) the purchase price in revenues and extended our reputation as the premier and frankly the only 'One Stop Source' for virtually every critical resource construction service.

While it has been an extremely challenging period for resource companies in Western Canada, Enterprise has demonstrated its confidence and ability to analogously 'weather the storm' strongly while many competitors and clients are either financially impaired or gone altogether.

Enterprise has turned in significant gross margin and EBITDA improvements evidenced in the fourth quarter which is the result of determined leadership. Management's continued efforts to streamline and maximize efficiencies are now firmly in place and delivering meaningful margin ratios while still navigating a challenging landscape.

The improvements to profits and the rapid return to significant cashflow should give investors' and shareholders confidence for the future. Certainly, all is still challenging in Western Canada, but today's results show a significant improvement in both business and the overall environment.

Enterprises' clients include some of Canada's largest energy producers, utility service providers and the federal and provincial governments of Canada. The Company employs management highly experienced in large infrastructure projects.

Given the noted limited visibility for 2017 activity and pricing levels, Enterprise will maintain a conservative approach towards Capital Spending while looking at fleet management and opportunistic asset dispositions. This approach will allow management to both maintain critical financial flexibility, allow for strategic, accretive acquisitions and continue to build compelling shareholder value.

Read this release in full at http://www.investorideas.com/news/2017/energy/03222EnterpriseGroup.asp

About Enterprise Group, Inc.

Enterprise Group, Inc. is a consolidator of construction services companies operating in the energy, utility and transportation infrastructure industries. The Company's focus is primarily construction services and specialized equipment rental. The Company's strategy is to acquire complementary service companies in Western Canada, consolidating capital, management, and human resources to support continued growth. More information is available at the Company's website www.enterprisegrp.ca. Corporate filings can be found on www.sedar.com

Forward Looking Information

Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or the Company's future performance. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. The Company's Annual Information Form and other documents filed with securities regulatory authorities (accessible through the SEDAR website www.sedar.com) describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. The Company disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

Non-IFRS Measures
The Company uses International Financial Reporting Standards ("IFRS"). EBITDAS is not a measure that has any standardized meaning prescribed by IFRS and is therefore referred to as a non-IFRS measure. This news release contains references to EBITDAS. This non-IFRS measure used by the Company may not be comparable to a similar measure used by other companies. Management believes that in addition to net income, EBITDAS is a useful supplemental measure as it provides an indication of the results generated by the Company's principal business activities prior to consideration of how those activities are financed or how the results are taxed. EBITDAS is calculated as net income excluding depreciation, amortization, interest, taxes and stock based compensation.

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