Bulletin
Investor Alert

The Tell Archives | Email alerts

Dec. 14, 2015, 3:38 a.m. EST

These are the stocks for playing climate change

Bank of America Merrill Lynch eyes solar stocks and more

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Enphase Energy Inc. (ENPH)
  • X
    First Solar Inc. (FSLR)
  • X
    Monitronics International Inc. (SCTY)

or Cancel Already have a watchlist? Log In

By Victor Reklaitis, MarketWatch


Getty Images
Banks are getting hot on solar stocks and other climate change-related plays.

A big meeting on climate change in Paris has ended with a historic deal. Banks have been thinking about that hot-button topic — including how to make money from it.

Bank of America Merrill Lynch has come up with more than 220 stocks from around the world that “have exposure to climate change-related solutions.” BAML’s broad roundup comes as Goldman Sachs offers its own ideas about the best “green” stocks.

MarketWatch has whittled down BAML’s long list to just companies that have “high” exposure to such products or services, according to the bank, rather than only “medium” or “low” exposure. Also eliminated are companies that aren’t traded on U.S. exchanges.

There are “9 entry points for investors wishing to play the climate change and low carbon solutions theme,” said BAML equity strategists Sarbjit Nahal, Beijia Ma and Felix Tran in a note released Dec. 1. They say the nine places to get involved are: “1) Energy Efficiency; 2) Wind; 3) Solar; 4) YieldCos; 5) Nextgen Vehicles, Batteries & Storage; 6) Nuclear; 7) Hydro; 8) Diversified Cleantech; and 9) Other Cleantech.”

But the whittled-down list below covers just six of those nine areas, as there are no U.S.-listed companies with high exposure to wind, nuclear or diversified cleantech, according to BAML. The term “YieldCos” refers to renewable-energy spinoffs that promise high payouts, as Barron’s has put it .

Without further ado, below are U.S.-listed stocks that BAML views as having high exposure to climate change-related products or services. The bank released its roundup as the Paris meeting began.

Solar

Enphase Energy /zigman2/quotes/207948472/composite ENPH -0.66%

First Solar /zigman2/quotes/209356097/composite FSLR +0.51%

SolarCity /zigman2/quotes/205874957/delayed SCTY +10.00%

SunEdison

SunPower /zigman2/quotes/200243424/composite SPWR -5.62%

SunRun /zigman2/quotes/205021014/composite RUN +3.79%

Trina Solar

Nextgen Vehicles, Batteries & Storage

Tesla Motors /zigman2/quotes/203558040/composite TSLA +10.78%

Hydroelectric Power

CEMIG /zigman2/quotes/208968898/composite CIG 0.00%

Eletrobras /zigman2/quotes/201045521/composite EBR 0.00% /zigman2/quotes/203160769/composite EBR.B -0.29%  

Endesa Chile  

Enersis  

Other Cleantech

Novozymes /zigman2/quotes/207053704/delayed NVZMY +0.93%  

Energy Efficiency

BorgWarner /zigman2/quotes/201434123/composite BWA +3.23%

FleetMatics Group

Metaldyne Performance Group

Sensata Technologies /zigman2/quotes/205854600/composite ST +1.16%  

/zigman2/quotes/207948472/composite
US : U.S.: Nasdaq
$ 55.43
-0.37 -0.66%
Volume: 2.36M
July 10, 2020 4:00p
P/E Ratio
32.76
Dividend Yield
N/A
Market Cap
$6.99 billion
Rev. per Employee
$740,419
loading...
/zigman2/quotes/209356097/composite
US : U.S.: Nasdaq
$ 57.49
+0.29 +0.51%
Volume: 828,640
July 10, 2020 4:00p
P/E Ratio
143.26
Dividend Yield
N/A
Market Cap
$6.06 billion
Rev. per Employee
$350,897
loading...
/zigman2/quotes/205874957/delayed
US : U.S.: OTC
$ 3.74
+0.34 +10.00%
Volume: 4,394
July 10, 2020 3:54p
P/E Ratio
0.17
Dividend Yield
N/A
Market Cap
$76.50 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/200243424/composite
US : U.S.: Nasdaq
$ 9.23
-0.55 -5.62%
Volume: 3.65M
July 10, 2020 4:00p
P/E Ratio
14.22
Dividend Yield
N/A
Market Cap
$1.66 billion
Rev. per Employee
$261,528
loading...
/zigman2/quotes/205021014/composite
US : U.S.: Nasdaq
$ 28.89
+1.06 +3.79%
Volume: 3.42M
July 10, 2020 4:00p
P/E Ratio
334.70
Dividend Yield
N/A
Market Cap
$3.35 billion
Rev. per Employee
$172,723
loading...
/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 1,544.65
+150.37 +10.78%
Volume: 23.34M
July 10, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$258.60 billion
Rev. per Employee
$439,627
loading...
/zigman2/quotes/208968898/composite
US : U.S.: NYSE
$ 2.19
0.00 0.00%
Volume: 1.72M
July 10, 2020 4:00p
P/E Ratio
5.72
Dividend Yield
2.62%
Market Cap
$3.21 billion
Rev. per Employee
$1.13M
loading...
/zigman2/quotes/201045521/composite
US : U.S.: NYSE
$ 6.75
0.00 0.00%
Volume: 418,282
July 10, 2020 4:00p
P/E Ratio
4.52
Dividend Yield
N/A
Market Cap
$10.94 billion
Rev. per Employee
$509,226
loading...
/zigman2/quotes/203160769/composite
US : U.S.: NYSE
$ 6.94
-0.02 -0.29%
Volume: 16,945
July 10, 2020 3:58p
P/E Ratio
4.65
Dividend Yield
N/A
Market Cap
$10.94 billion
Rev. per Employee
$509,226
loading...
/zigman2/quotes/207053704/delayed
US : U.S.: OTC
$ 58.48
+0.54 +0.93%
Volume: 9,773
July 10, 2020 3:59p
P/E Ratio
35.44
Dividend Yield
0.89%
Market Cap
$16.33 billion
Rev. per Employee
$354,395
loading...
/zigman2/quotes/201434123/composite
US : U.S.: NYSE
$ 35.51
+1.11 +3.23%
Volume: 2.33M
July 10, 2020 4:00p
P/E Ratio
10.26
Dividend Yield
1.91%
Market Cap
$7.13 billion
Rev. per Employee
$351,063
loading...
/zigman2/quotes/205854600/composite
US : U.S.: NYSE
$ 36.52
+0.42 +1.16%
Volume: 2.50M
July 10, 2020 4:00p
P/E Ratio
28.56
Dividend Yield
N/A
Market Cap
$5.67 billion
Rev. per Employee
$161,827
loading...
1 2
This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.