Wednesday, June 11, 2008

Top High Yielding Green Stocks

If you are looking for alternative energy oriented 'green' stocks, but you like high yields, you can actually find a combination of both. The following are a group of stocks involved in alternative energy in some way, such as wind power or solar energy or ethanol. They all pay dividends.

PG&E Corp. (PCG) This California-based electric and gas utility serves 5 million customers. Their electrical generation comes from natural gas, nuclear, hydro, coal, geothermal, wind, and several other types of renewable sources. The P/E is 15 and the PEG is 1.91. The stock yields 4%.

IdaCorp, Inc. (IDA) This holding company owns Idaho Power Company, which is involved in the generation, transmission, distribution, and sale of electric energy primarily in southern Idaho and eastern Oregon. Their electrical generation comes from hydroelectric, natural gas, diesel, coal, and geothermal plants. Geothermal is now considered a hot source energy. The P/E is 18 and the PEG is 2.58. The stock yields 3.8%.

Otter Tail Corp. (OTTR) is an electric utility which also manufacturers and markets wind towers. They have a PE of 23 , a PEG of 2.81 and pays a yield of 3.1% .

Avista Corporation (AVA) This Spokane, Washington company was founded in 1889. They generate and distribute energy throughout the United States and Canada. The company also sells its patented fuel cells. Their patent covers any type of fuel cell system that utilizes multiple fuel cell modules. It has a P/E of 23, a PEG of 3.25, and generates a relatively high yield of 3%.

Cabot Corporation (CBT) This is a is a specialty chemicals and performance materials company. They also develop and manufacture advanced fuel cell electrocatalysts for PEM and DMFC fuel cells. This is another fuel cell dividend generator traded on the New York Stock Exchange that yields 1.5%. The P/E is 21, the PEG is 1.32, and the yield is 2.3%.

Constellation Energy Group (CEG). This company, founded in 1906, is an electrical generating company which owns and operates generating plants and fuel processing facilities utilizing various types of fuel including nuclear, coal, natural gas, oil, solar, geothermal, hydro and biomass. The P/E is 21 and the PEG is 2.03. Yield is 2.2%.

United Technologies (UTX) This NYSE company produces technology products and services to the building systems and aerospace industries. They also produce fuel cells for commercial, transportation, and space applications. P/E is 15, a PEG of 1.17 and the yield is 1.9%.

Air Products (APD) developed and continues to operate a hydrogen production facility, a fuel cell power plant and a fueling station which dispenses hydrogen and hydrogen blended fuels to a fleet of light duty vehicles in Las Vegas. They also supply Honda Motor Company with high pressure gas and two hydrogen fuelers for their Fuel Cell Vehicle Program with the city of Los Angeles. The stock has a P/E of 19, a PEG of 1.52, and is one of the few fuel cell related stocks that pays a dividend, generating a yield of 1.7%.

Brookfield Asset Management (BAM) is a Canadian based asset management holding company which has a division that develops wind power throughout Canada, along with the operation of hydroelectric power facilities, interconnections, and transmission facilities throughout North America. The stock has a market cap of over $19 billion. They have a PE of 28, a PEG of 3.34 and pays a yield of 1.5% .

Praxair Inc (PX) This NYSE company is involved in the production and distribution of industrial gases around the world. Praxair provides its customers with hydrogen supply for fuel cells. P/E is 25, P/S is 2.85, PEG of 1.85 and the yield is 1.5%.

Archer Daniels Midland (ADM) is involved in the production of corn and oilseeds processing used to make ethanol. The stock has a P/E of 10, a PEG of 1.09, and a yield of 1.4%.

The Andersons (ANDE) is involved in the management of ethanol production facilities and grain and ethanol trading. The stock has a P/E of 10, a PEG of 1.8, and a yield of 0.8%.

Trinity Industries Inc. (TRN) is a Dallas, Texas based company which has an Energy Equipment division which manufactures structural wind towers. The company has a market cap of $3 billion. They have a PE of 10 , a PEG of 1.11 and pays a yield of 0.8% .

Ormat Technologies Inc. (ORA) is a Nevada based company, which trades on the New York Stock Exchange, was founded in 1965. It owns and operates geothermal power plants, selling electricity in the United States, Guatemala, Kenya, Nicaragua, and the Philippines. They also provide products and services to other geothermal power generators. The P/E is 48, the PEG is 2.15, and the yield is 0.4%.

Author owns OTTR.

By Fred Fuld at

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