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2021-07-02
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These 3 Renewable Energy Stocks Are Too Cheap to Ignore<blockquote>这3只可再生能源股票太便宜了，不容忽视</blockquote>
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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":156608690,"tweetId":"156608690","gmtCreate":1625215249010,"gmtModify":1631890584176,"author":{"id":3585644708482224,"idStr":"3585644708482224","authorId":3585644708482224,"authorIdStr":"3585644708482224","name":"DJ_W","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":2,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Please like n comment</p></body></html>","htmlText":"<html><head></head><body><p>Please like n comment</p></body></html>","text":"Please like n comment","highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/156608690","repostId":1173661415,"repostType":4,"repost":{"id":"1173661415","kind":"news","pubTimestamp":1625214960,"share":"https://www.laohu8.com/m/news/1173661415?lang=zh_CN&edition=full","pubTime":"2021-07-02 16:36","market":"us","language":"en","title":"These 3 Renewable Energy Stocks Are Too Cheap to Ignore<blockquote>这3只可再生能源股票太便宜了，不容忽视</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1173661415","media":"Motley Fool","summary":"Even one of the biggest names in the green energy industry is trading at bargain prices.\nThe renewab","content":"<p>Even one of the biggest names in the green energy industry is trading at bargain prices.</p><p><blockquote>即使是绿色能源行业的大牌之一也在以低廉的价格进行交易。</blockquote></p><p> The renewable energy industry has been hot over the past year as more favorable policies have begun taking shape in Washington, D.C., and even the most old-school energy companies are making efforts to transition more of their power generation to renewable sources. And that has driven up the prices of many renewable energy stocks.</p><p><blockquote>随着华盛顿特区开始形成更多的利好政策，可再生能源行业在过去一年里一直炙手可热，即使是最老派的能源公司也在努力将更多的发电转向可再生能源。这推高了许多可再生能源股票的价格。</blockquote></p><p> As a result, good values among stocks in that arena can be hard to find, but three of our Foolish contributors see<b>First Solar</b>(NASDAQ:FSLR),<b>Proterra</b>(NASDAQ:PTRA), and<b>Vestas Wind Systems</b>(OTC:VWDRY)as great opportunities for investors looking for bargains in the renewables space. And there's something in this group for everyone.</p><p><blockquote>因此，该领域的股票可能很难找到良好的价值，但我们的三位愚蠢的贡献者看到了<b>First Solar</b>（纳斯达克：FSLR），<b>普罗特拉</b>（纳斯达克：PTRA），以及<b>维斯塔斯风力系统</b>（场外交易代码：VWDRY）对于在可再生能源领域寻找便宜货的投资者来说是绝佳的机会。这个小组里有适合每个人的东西。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8d591ade1b30f75ac47b7719ecc64ea\" tg-width=\"2000\" tg-height=\"1332\" referrerpolicy=\"no-referrer\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>The solar leader</b></p><p><blockquote><b>太阳能领导者</b></blockquote></p><p> <b>Travis Hoium(First Solar):</b>Cheap is always a relative term, but in the case of solar manufacturing and equipment, I don't see any stock cheaper than First Solar. The company has among the industry's best margins, has been profitable long term, and has $1.8 billion in cash on its balance sheet. Consider how its profit margin and debt (or in First Solar's case, net cash) compare to those of <b>Canadian Solar</b> and <b>SunPower</b>, two of its leading competitors.</p><p><blockquote><b>Travis Hoium（First Solar）：</b>便宜始终是一个相对术语，但就太阳能制造和设备而言，我没有看到任何股票比First Solar更便宜。该公司拥有业内最高的利润率，长期盈利，资产负债表上有18亿美元现金。考虑其利润率和债务（或者就First Solar而言，净现金）与<b>阿特斯太阳能</b>和<b>太阳电源</b>，其两个主要竞争对手。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9a229c03b59635d4dfffb63dca8c9f79\" tg-width=\"720\" tg-height=\"531\"><span>DATA BYYCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> First Solar's advantage in the market is that it makes a thin-film solar product that has proven to be lower cost than the products of its competitors. It also has more manufacturing capacity in the U.S. than any other company in its niche,which helps it avoid tariffs. Also, it isn't reliant on polysilicon, a raw material in traditional solar cells that has spiked in price in 2021.</p><p><blockquote>First Solar在市场上的优势在于，它生产的薄膜太阳能产品已被证明比竞争对手的产品成本更低。该公司在美国的制造能力也比该领域的任何其他公司都多，这有助于其避免关税。此外，它不依赖多晶硅，多晶硅是传统太阳能电池的原材料，价格在2021年飙升。</blockquote></p><p> Add it up and you have a very profitable solar business. Management expects earnings per share this year in the $4.05 to $4.75 range, and recently announced a $680 million investment in new capacity that should keep its earnings growing. Shares currently trade for 20.6 times the midpoint of 2021's forecast earnings range, a reasonable multiple for a growing energy company -- and that's before accounting for the cash on the balance sheet. I think First Solar is both a good value and has opportunities to grow or return cash to shareholders, both of which would be good for the stock price.</p><p><blockquote>加起来，你就有了一个非常有利可图的太阳能业务。管理层预计今年每股收益在4.05美元至4.75美元之间，最近宣布投资6.8亿美元建设新产能，这将使其盈利保持增长。目前股价是2021年预测盈利范围中点的20.6倍，对于一家成长中的能源公司来说，这是一个合理的倍数——而且还是在考虑资产负债表上的现金之前。我认为First Solar既有良好的价值，又有机会增长或向股东返还现金，这两者都对股价有利。</blockquote></p><p> <b>A potential bargain</b></p><p><blockquote><b>潜在的便宜货</b></blockquote></p><p> <b>Howard Smith(Proterra):</b>Defining a stock as cheap has to be put in the proper perspective. By most standards, speculative investments don't have discounted valuations. They can be shots in the dark, with values that won't be clear until the companies have years of additional development and (hopefully) business success under their belts.</p><p><blockquote><b>霍华德·史密斯（Proterra）：</b>必须从正确的角度来定义一只股票便宜。按照大多数标准，投机性投资的估值没有折扣。它们可能是在黑暗中拍摄的，在公司获得多年的额外发展和（希望）商业成功之前，它们的价值观不会变得清晰。</blockquote></p><p> But even so, electric battery and bus electrification specialist Proterra is one company that speculative investors may want to put on their radar.</p><p><blockquote>但即便如此，电池和公交车电气化专家Proterra也是投机投资者可能想要关注的一家公司。</blockquote></p><p> Proterra just went public through aSPAC mergerin June with ArcLight Clean Transition, but we can still look at the prior financial data that it has provided. Some newly public electric vehicle (EV) companies are having trouble living up to the projections they made prior to going public. So regardless of management's credibility, it's prudent to focus on current financials and only a few future projections.</p><p><blockquote>Proterra刚刚于6月份通过aSPAC与ArcLight Clean Transition合并上市，但我们仍然可以查看它提供的之前的财务数据。一些新上市的电动汽车（EV）公司在实现上市前的预测方面遇到了困难。因此，无论管理层的可信度如何，谨慎的做法是关注当前的财务状况，而只关注一些未来的预测。</blockquote></p><p> The company had revenue of almost $200 million in 2020. For Q1 2021, it reported $54 million in total revenue. This was derived from delivering 48 vehicles and 26 battery systems. Proterra's original equipment manufacturer (OEM) partners include Thomas Built Buses and Freightliner, both subsidiaries of<b>Daimler</b>(OTC:DMLR.Y). Proterra announced this week that it is partnering with Miami-Dade County in Florida for a fleet electrification project; the county will be acquiring 42 Proterra ZX5+ electric transit buses, and plans to install 75 Proterra chargers in three bus depots.</p><p><blockquote>该公司2020年收入近2亿美元。2021年第一季度，该公司报告总收入为5400万美元。这来自交付48辆汽车和26个电池系统。Proterra的原始设备制造商(OEM)合作伙伴包括Thomas Built Buses和Freightliner，这两家公司都是<b>戴姆勒</b>（场外交易代码：DMLR.Y）。Proterra本周宣布，它正在与佛罗里达州迈阿密戴德县合作开展车队电气化项目；该县将收购42辆Proterra ZX5+电动公交巴士，并计划在三个公交车站安装75个Proterra充电器。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1541b06de55485ca5091ee37ebcc2d64\" tg-width=\"700\" tg-height=\"525\"><span>PROTERRA ZX5 BATTERY ELECTRIC BUS. IMAGE SOURCE: PROTERRA.</span></p><p><blockquote><p class=\"t-img-caption\"><span>PROTERRA ZX5电池电动巴士。图片来源：PROTERRA。</span></p></blockquote></p><p> The recently announced bipartisan infrastructure package now under discussion in Congress includes $15 billion for EV infrastructure and electric buses and transit. Those investments aren't guaranteed to be part of the final version of this infrastructure legislation, but Proterra should still benefit from a Biden administration that favors a wider shift to electric vehicles. Secretary of Energy Jennifer Granholm was a member of Proterra's board of directors before she resigned ahead of taking up that cabinet position.</p><p><blockquote>最近宣布的两党基础设施一揽子计划目前正在国会讨论，其中包括150亿美元用于电动汽车基础设施、电动公交车和交通。这些投资不能保证成为这项基础设施立法最终版本的一部分，但Proterra仍应受益于拜登政府支持更广泛地转向电动汽车。能源部长詹妮弗·格兰霍姆(Jennifer Granholm)在担任内阁职位之前辞职之前曾是Proterra董事会成员。</blockquote></p><p></p><p> Like many young EV companies, however, Proterra is valued at a large premium based on its potential. It has a market cap of about $3.5 billion, but including warrants issued upon the close of the SPAC merger, that figure would be closer to $4 billion. That represents a price-to-sales ratio of 20 based on 2020 revenue, including the warrants. The company believes it could have sales of over $2 billion in 2025. But even ignoring that ambitious projection, a mere doubling of its sales would result in a reasonable valuation at recent prices, especially if the company, and the sector, continue to grow. That makes Proterra a possible bargain for a speculative holding.</p><p><blockquote>然而，与许多年轻的电动汽车公司一样，Proterra的估值基于其潜力而具有很高的溢价。它的市值约为35亿美元，但包括SPAC合并结束时发行的认股权证在内，这一数字将接近40亿美元。根据2020年收入（包括认股权证）计算，市销率为20。该公司相信2025年销售额可能超过20亿美元。但即使忽略这一雄心勃勃的预测，以最近的价格计算，其销售额仅仅翻一番就会带来合理的估值，特别是如果该公司和该行业继续增长的话。这使得Proterra成为投机性持有的可能便宜货。</blockquote></p><p> <b>A rare chance to \"buy the dip\" in the world's leading wind energy company</b></p><p><blockquote><b>全球风能龙头企业难得“抄底”机会</b></blockquote></p><p> <b>Daniel Foelber(Vestas Wind Systems):</b>Investors interested in the wind energy sector will likely findpicking stocks in it to be challenging. Unlike solar, which has its fair share of U.S.-based technology companies, parts and panel suppliers, and components manufacturers, many leading wind energy companies are based in Europe. As such, Americans may be less familiar with these businesses, and have trouble purchasing their shares on a U.S. exchange like the NYSE or Nasdaq.</p><p><blockquote><b>Daniel Foelber（维斯塔斯风力系统）：</b>对风能行业感兴趣的投资者可能会发现挑选该行业的股票具有挑战性。与太阳能不同，太阳能拥有相当多的美国科技公司、零部件和面板供应商以及零部件制造商，许多领先的风能公司都位于欧洲。因此，美国人可能不太熟悉这些企业，并且很难在纽约证券交易所或纳斯达克等美国交易所购买其股票。</blockquote></p><p> A good way of discovering leading wind stocks is by lookingat the holdingsof the <b>First Trust Global Wind Energy ETF</b>(NYSEMKT:FAN). Its biggest holding, Vestas Wind Systems, is the largest wind machinery and technology manufacturer, operator, and service provider in the world. In 2020, it controlled one-third of global onshore wind energy installation capacity (excluding China). Vestas also has anAmerican Depositary Receiptthat lets U.S. buyers purchase the equivalent of Vestas shares without exchanging dollars for euros.</p><p><blockquote>发现领先风电股的一个好方法是查看该股的持股情况<b>第一信托全球风能ETF</b>（纽约证券交易所股票代码：FAN）。其最大控股公司维斯塔斯风力系统公司是全球最大的风力机械和技术制造商、运营商和服务提供商。2020年控制了全球陆上风能装机量的三分之一（不含中国）。维斯塔斯还拥有美国存托凭证，允许美国买家购买等值的维斯塔斯股票，而无需将美元兑换成欧元。</blockquote></p><p> Vestas is currently trading around a six-month low, which could be a buying opportunity. One reason for the stock's decline could be that the company's revenue fell by 12% year over year in Q1 2021, and itsEBITmargin went negative, partly due to higher sales, general, and administrative expenses. However, Vestas is guiding for 2021 revenue in the range of 16 billion euros to 17 billion euros, which would amount to growth in the 8% to 15% range, and set a record high.</p><p><blockquote>维斯塔斯目前的交易价格在六个月低点附近，这可能是一个买入机会。该股下跌的原因之一可能是该公司2021年第一季度的收入同比下降12%，其比特利润率为负值，部分原因是销售、一般和管理费用增加。然而，维斯塔斯预计2021年收入在160亿欧元至170亿欧元之间，相当于增长8%至15%，并创下历史新高。</blockquote></p><p> Vestas also has an extremely strong balance sheet, with more cash than debt and a net-debt-to-EBITDA ratio of negative 0.3. Like other renewable energy stocks, Vestas is struggling in a business environment that is thick with competition, high earnings expectations, valuation concerns, and rising interest rates -- not to mention that the oil and natural gas sector is doing quite well this year compared to last. The short-term narrative has changed, butclean energy remains the future. Vestas is a proven winner that's showing no signs of surrendering its leading position in the global wind energy industry.</p><p><blockquote>维斯塔斯还拥有极其强劲的资产负债表，现金多于债务，净债务与EBITDA比率为负0.3。与其他可再生能源股票一样，维斯塔斯在竞争激烈、盈利预期高、估值担忧和利率上升的商业环境中苦苦挣扎，更不用说石油和天然气行业今年的表现与去年相比相当不错。短期叙事已经改变，但清洁能源仍然是未来。维斯塔斯是一个久经考验的赢家，没有表现出放弃其在全球风能行业领先地位的迹象。</blockquote></p><p> <b>Renewable energy opportunities at a discount</b></p><p><blockquote><b>折扣可再生能源机会</b></blockquote></p><p> These three companies run the gamut from wind to solar to a potentially disruptive transportation stock, but they all look like great values. And as renewable sources take over more and more of the energy market, they are among the companies with a lot of potential to reward investors.</p><p><blockquote>这三家公司的业务范围从风能到太阳能，再到潜在的颠覆性运输股，但它们看起来都很有价值。随着可再生能源占据越来越多的能源市场，它们是具有巨大潜力回报投资者的公司之一。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These 3 Renewable Energy Stocks Are Too Cheap to Ignore<blockquote>这3只可再生能源股票太便宜了，不容忽视</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese 3 Renewable Energy Stocks Are Too Cheap to Ignore<blockquote>这3只可再生能源股票太便宜了，不容忽视</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-07-02 16:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Even one of the biggest names in the green energy industry is trading at bargain prices.</p><p><blockquote>即使是绿色能源行业的大牌之一也在以低廉的价格进行交易。</blockquote></p><p> The renewable energy industry has been hot over the past year as more favorable policies have begun taking shape in Washington, D.C., and even the most old-school energy companies are making efforts to transition more of their power generation to renewable sources. And that has driven up the prices of many renewable energy stocks.</p><p><blockquote>随着华盛顿特区开始形成更多的利好政策，可再生能源行业在过去一年里一直炙手可热，即使是最老派的能源公司也在努力将更多的发电转向可再生能源。这推高了许多可再生能源股票的价格。</blockquote></p><p> As a result, good values among stocks in that arena can be hard to find, but three of our Foolish contributors see<b>First Solar</b>(NASDAQ:FSLR),<b>Proterra</b>(NASDAQ:PTRA), and<b>Vestas Wind Systems</b>(OTC:VWDRY)as great opportunities for investors looking for bargains in the renewables space. And there's something in this group for everyone.</p><p><blockquote>因此，该领域的股票可能很难找到良好的价值，但我们的三位愚蠢的贡献者看到了<b>First Solar</b>（纳斯达克：FSLR），<b>普罗特拉</b>（纳斯达克：PTRA），以及<b>维斯塔斯风力系统</b>（场外交易代码：VWDRY）对于在可再生能源领域寻找便宜货的投资者来说是绝佳的机会。这个小组里有适合每个人的东西。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8d591ade1b30f75ac47b7719ecc64ea\" tg-width=\"2000\" tg-height=\"1332\" referrerpolicy=\"no-referrer\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>The solar leader</b></p><p><blockquote><b>太阳能领导者</b></blockquote></p><p> <b>Travis Hoium(First Solar):</b>Cheap is always a relative term, but in the case of solar manufacturing and equipment, I don't see any stock cheaper than First Solar. The company has among the industry's best margins, has been profitable long term, and has $1.8 billion in cash on its balance sheet. Consider how its profit margin and debt (or in First Solar's case, net cash) compare to those of <b>Canadian Solar</b> and <b>SunPower</b>, two of its leading competitors.</p><p><blockquote><b>Travis Hoium（First Solar）：</b>便宜始终是一个相对术语，但就太阳能制造和设备而言，我没有看到任何股票比First Solar更便宜。该公司拥有业内最高的利润率，长期盈利，资产负债表上有18亿美元现金。考虑其利润率和债务（或者就First Solar而言，净现金）与<b>阿特斯太阳能</b>和<b>太阳电源</b>，其两个主要竞争对手。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9a229c03b59635d4dfffb63dca8c9f79\" tg-width=\"720\" tg-height=\"531\"><span>DATA BYYCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> First Solar's advantage in the market is that it makes a thin-film solar product that has proven to be lower cost than the products of its competitors. It also has more manufacturing capacity in the U.S. than any other company in its niche,which helps it avoid tariffs. Also, it isn't reliant on polysilicon, a raw material in traditional solar cells that has spiked in price in 2021.</p><p><blockquote>First Solar在市场上的优势在于，它生产的薄膜太阳能产品已被证明比竞争对手的产品成本更低。该公司在美国的制造能力也比该领域的任何其他公司都多，这有助于其避免关税。此外，它不依赖多晶硅，多晶硅是传统太阳能电池的原材料，价格在2021年飙升。</blockquote></p><p> Add it up and you have a very profitable solar business. Management expects earnings per share this year in the $4.05 to $4.75 range, and recently announced a $680 million investment in new capacity that should keep its earnings growing. Shares currently trade for 20.6 times the midpoint of 2021's forecast earnings range, a reasonable multiple for a growing energy company -- and that's before accounting for the cash on the balance sheet. I think First Solar is both a good value and has opportunities to grow or return cash to shareholders, both of which would be good for the stock price.</p><p><blockquote>加起来，你就有了一个非常有利可图的太阳能业务。管理层预计今年每股收益在4.05美元至4.75美元之间，最近宣布投资6.8亿美元建设新产能，这将使其盈利保持增长。目前股价是2021年预测盈利范围中点的20.6倍，对于一家成长中的能源公司来说，这是一个合理的倍数——而且还是在考虑资产负债表上的现金之前。我认为First Solar既有良好的价值，又有机会增长或向股东返还现金，这两者都对股价有利。</blockquote></p><p> <b>A potential bargain</b></p><p><blockquote><b>潜在的便宜货</b></blockquote></p><p> <b>Howard Smith(Proterra):</b>Defining a stock as cheap has to be put in the proper perspective. By most standards, speculative investments don't have discounted valuations. They can be shots in the dark, with values that won't be clear until the companies have years of additional development and (hopefully) business success under their belts.</p><p><blockquote><b>霍华德·史密斯（Proterra）：</b>必须从正确的角度来定义一只股票便宜。按照大多数标准，投机性投资的估值没有折扣。它们可能是在黑暗中拍摄的，在公司获得多年的额外发展和（希望）商业成功之前，它们的价值观不会变得清晰。</blockquote></p><p> But even so, electric battery and bus electrification specialist Proterra is one company that speculative investors may want to put on their radar.</p><p><blockquote>但即便如此，电池和公交车电气化专家Proterra也是投机投资者可能想要关注的一家公司。</blockquote></p><p> Proterra just went public through aSPAC mergerin June with ArcLight Clean Transition, but we can still look at the prior financial data that it has provided. Some newly public electric vehicle (EV) companies are having trouble living up to the projections they made prior to going public. So regardless of management's credibility, it's prudent to focus on current financials and only a few future projections.</p><p><blockquote>Proterra刚刚于6月份通过aSPAC与ArcLight Clean Transition合并上市，但我们仍然可以查看它提供的之前的财务数据。一些新上市的电动汽车（EV）公司在实现上市前的预测方面遇到了困难。因此，无论管理层的可信度如何，谨慎的做法是关注当前的财务状况，而只关注一些未来的预测。</blockquote></p><p> The company had revenue of almost $200 million in 2020. For Q1 2021, it reported $54 million in total revenue. This was derived from delivering 48 vehicles and 26 battery systems. Proterra's original equipment manufacturer (OEM) partners include Thomas Built Buses and Freightliner, both subsidiaries of<b>Daimler</b>(OTC:DMLR.Y). Proterra announced this week that it is partnering with Miami-Dade County in Florida for a fleet electrification project; the county will be acquiring 42 Proterra ZX5+ electric transit buses, and plans to install 75 Proterra chargers in three bus depots.</p><p><blockquote>该公司2020年收入近2亿美元。2021年第一季度，该公司报告总收入为5400万美元。这来自交付48辆汽车和26个电池系统。Proterra的原始设备制造商(OEM)合作伙伴包括Thomas Built Buses和Freightliner，这两家公司都是<b>戴姆勒</b>（场外交易代码：DMLR.Y）。Proterra本周宣布，它正在与佛罗里达州迈阿密戴德县合作开展车队电气化项目；该县将收购42辆Proterra ZX5+电动公交巴士，并计划在三个公交车站安装75个Proterra充电器。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1541b06de55485ca5091ee37ebcc2d64\" tg-width=\"700\" tg-height=\"525\"><span>PROTERRA ZX5 BATTERY ELECTRIC BUS. IMAGE SOURCE: PROTERRA.</span></p><p><blockquote><p class=\"t-img-caption\"><span>PROTERRA ZX5电池电动巴士。图片来源：PROTERRA。</span></p></blockquote></p><p> The recently announced bipartisan infrastructure package now under discussion in Congress includes $15 billion for EV infrastructure and electric buses and transit. Those investments aren't guaranteed to be part of the final version of this infrastructure legislation, but Proterra should still benefit from a Biden administration that favors a wider shift to electric vehicles. Secretary of Energy Jennifer Granholm was a member of Proterra's board of directors before she resigned ahead of taking up that cabinet position.</p><p><blockquote>最近宣布的两党基础设施一揽子计划目前正在国会讨论，其中包括150亿美元用于电动汽车基础设施、电动公交车和交通。这些投资不能保证成为这项基础设施立法最终版本的一部分，但Proterra仍应受益于拜登政府支持更广泛地转向电动汽车。能源部长詹妮弗·格兰霍姆(Jennifer Granholm)在担任内阁职位之前辞职之前曾是Proterra董事会成员。</blockquote></p><p></p><p> Like many young EV companies, however, Proterra is valued at a large premium based on its potential. It has a market cap of about $3.5 billion, but including warrants issued upon the close of the SPAC merger, that figure would be closer to $4 billion. That represents a price-to-sales ratio of 20 based on 2020 revenue, including the warrants. The company believes it could have sales of over $2 billion in 2025. But even ignoring that ambitious projection, a mere doubling of its sales would result in a reasonable valuation at recent prices, especially if the company, and the sector, continue to grow. That makes Proterra a possible bargain for a speculative holding.</p><p><blockquote>然而，与许多年轻的电动汽车公司一样，Proterra的估值基于其潜力而具有很高的溢价。它的市值约为35亿美元，但包括SPAC合并结束时发行的认股权证在内，这一数字将接近40亿美元。根据2020年收入（包括认股权证）计算，市销率为20。该公司相信2025年销售额可能超过20亿美元。但即使忽略这一雄心勃勃的预测，以最近的价格计算，其销售额仅仅翻一番就会带来合理的估值，特别是如果该公司和该行业继续增长的话。这使得Proterra成为投机性持有的可能便宜货。</blockquote></p><p> <b>A rare chance to \"buy the dip\" in the world's leading wind energy company</b></p><p><blockquote><b>全球风能龙头企业难得“抄底”机会</b></blockquote></p><p> <b>Daniel Foelber(Vestas Wind Systems):</b>Investors interested in the wind energy sector will likely findpicking stocks in it to be challenging. Unlike solar, which has its fair share of U.S.-based technology companies, parts and panel suppliers, and components manufacturers, many leading wind energy companies are based in Europe. As such, Americans may be less familiar with these businesses, and have trouble purchasing their shares on a U.S. exchange like the NYSE or Nasdaq.</p><p><blockquote><b>Daniel Foelber（维斯塔斯风力系统）：</b>对风能行业感兴趣的投资者可能会发现挑选该行业的股票具有挑战性。与太阳能不同，太阳能拥有相当多的美国科技公司、零部件和面板供应商以及零部件制造商，许多领先的风能公司都位于欧洲。因此，美国人可能不太熟悉这些企业，并且很难在纽约证券交易所或纳斯达克等美国交易所购买其股票。</blockquote></p><p> A good way of discovering leading wind stocks is by lookingat the holdingsof the <b>First Trust Global Wind Energy ETF</b>(NYSEMKT:FAN). Its biggest holding, Vestas Wind Systems, is the largest wind machinery and technology manufacturer, operator, and service provider in the world. In 2020, it controlled one-third of global onshore wind energy installation capacity (excluding China). Vestas also has anAmerican Depositary Receiptthat lets U.S. buyers purchase the equivalent of Vestas shares without exchanging dollars for euros.</p><p><blockquote>发现领先风电股的一个好方法是查看该股的持股情况<b>第一信托全球风能ETF</b>（纽约证券交易所股票代码：FAN）。其最大控股公司维斯塔斯风力系统公司是全球最大的风力机械和技术制造商、运营商和服务提供商。2020年控制了全球陆上风能装机量的三分之一（不含中国）。维斯塔斯还拥有美国存托凭证，允许美国买家购买等值的维斯塔斯股票，而无需将美元兑换成欧元。</blockquote></p><p> Vestas is currently trading around a six-month low, which could be a buying opportunity. One reason for the stock's decline could be that the company's revenue fell by 12% year over year in Q1 2021, and itsEBITmargin went negative, partly due to higher sales, general, and administrative expenses. However, Vestas is guiding for 2021 revenue in the range of 16 billion euros to 17 billion euros, which would amount to growth in the 8% to 15% range, and set a record high.</p><p><blockquote>维斯塔斯目前的交易价格在六个月低点附近，这可能是一个买入机会。该股下跌的原因之一可能是该公司2021年第一季度的收入同比下降12%，其比特利润率为负值，部分原因是销售、一般和管理费用增加。然而，维斯塔斯预计2021年收入在160亿欧元至170亿欧元之间，相当于增长8%至15%，并创下历史新高。</blockquote></p><p> Vestas also has an extremely strong balance sheet, with more cash than debt and a net-debt-to-EBITDA ratio of negative 0.3. Like other renewable energy stocks, Vestas is struggling in a business environment that is thick with competition, high earnings expectations, valuation concerns, and rising interest rates -- not to mention that the oil and natural gas sector is doing quite well this year compared to last. The short-term narrative has changed, butclean energy remains the future. Vestas is a proven winner that's showing no signs of surrendering its leading position in the global wind energy industry.</p><p><blockquote>维斯塔斯还拥有极其强劲的资产负债表，现金多于债务，净债务与EBITDA比率为负0.3。与其他可再生能源股票一样，维斯塔斯在竞争激烈、盈利预期高、估值担忧和利率上升的商业环境中苦苦挣扎，更不用说石油和天然气行业今年的表现与去年相比相当不错。短期叙事已经改变，但清洁能源仍然是未来。维斯塔斯是一个久经考验的赢家，没有表现出放弃其在全球风能行业领先地位的迹象。</blockquote></p><p> <b>Renewable energy opportunities at a discount</b></p><p><blockquote><b>折扣可再生能源机会</b></blockquote></p><p> These three companies run the gamut from wind to solar to a potentially disruptive transportation stock, but they all look like great values. And as renewable sources take over more and more of the energy market, they are among the companies with a lot of potential to reward investors.</p><p><blockquote>这三家公司的业务范围从风能到太阳能，再到潜在的颠覆性运输股，但它们看起来都很有价值。随着可再生能源占据越来越多的能源市场，它们是具有巨大潜力回报投资者的公司之一。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/07/01/these-3-renewable-energy-stocks-are-too-cheap-to-i/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PTRA":"Proterra Inc.","VWDRY":"Vestas Wind Systems A/S","FSLR":"第一太阳能"},"source_url":"https://www.fool.com/investing/2021/07/01/these-3-renewable-energy-stocks-are-too-cheap-to-i/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173661415","content_text":"Even one of the biggest names in the green energy industry is trading at bargain prices.\nThe renewable energy industry has been hot over the past year as more favorable policies have begun taking shape in Washington, D.C., and even the most old-school energy companies are making efforts to transition more of their power generation to renewable sources. And that has driven up the prices of many renewable energy stocks.\nAs a result, good values among stocks in that arena can be hard to find, but three of our Foolish contributors seeFirst Solar(NASDAQ:FSLR),Proterra(NASDAQ:PTRA), andVestas Wind Systems(OTC:VWDRY)as great opportunities for investors looking for bargains in the renewables space. And there's something in this group for everyone.\nIMAGE SOURCE: GETTY IMAGES.\nThe solar leader\nTravis Hoium(First Solar):Cheap is always a relative term, but in the case of solar manufacturing and equipment, I don't see any stock cheaper than First Solar. The company has among the industry's best margins, has been profitable long term, and has $1.8 billion in cash on its balance sheet. Consider how its profit margin and debt (or in First Solar's case, net cash) compare to those of Canadian Solar and SunPower, two of its leading competitors.\nDATA BYYCHARTS\nFirst Solar's advantage in the market is that it makes a thin-film solar product that has proven to be lower cost than the products of its competitors. It also has more manufacturing capacity in the U.S. than any other company in its niche,which helps it avoid tariffs. Also, it isn't reliant on polysilicon, a raw material in traditional solar cells that has spiked in price in 2021.\nAdd it up and you have a very profitable solar business. Management expects earnings per share this year in the $4.05 to $4.75 range, and recently announced a $680 million investment in new capacity that should keep its earnings growing. Shares currently trade for 20.6 times the midpoint of 2021's forecast earnings range, a reasonable multiple for a growing energy company -- and that's before accounting for the cash on the balance sheet. I think First Solar is both a good value and has opportunities to grow or return cash to shareholders, both of which would be good for the stock price.\nA potential bargain\nHoward Smith(Proterra):Defining a stock as cheap has to be put in the proper perspective. By most standards, speculative investments don't have discounted valuations. They can be shots in the dark, with values that won't be clear until the companies have years of additional development and (hopefully) business success under their belts.\nBut even so, electric battery and bus electrification specialist Proterra is one company that speculative investors may want to put on their radar.\nProterra just went public through aSPAC mergerin June with ArcLight Clean Transition, but we can still look at the prior financial data that it has provided. Some newly public electric vehicle (EV) companies are having trouble living up to the projections they made prior to going public. So regardless of management's credibility, it's prudent to focus on current financials and only a few future projections.\nThe company had revenue of almost $200 million in 2020. For Q1 2021, it reported $54 million in total revenue. This was derived from delivering 48 vehicles and 26 battery systems. Proterra's original equipment manufacturer (OEM) partners include Thomas Built Buses and Freightliner, both subsidiaries ofDaimler(OTC:DMLR.Y). Proterra announced this week that it is partnering with Miami-Dade County in Florida for a fleet electrification project; the county will be acquiring 42 Proterra ZX5+ electric transit buses, and plans to install 75 Proterra chargers in three bus depots.\nPROTERRA ZX5 BATTERY ELECTRIC BUS. IMAGE SOURCE: PROTERRA.\nThe recently announced bipartisan infrastructure package now under discussion in Congress includes $15 billion for EV infrastructure and electric buses and transit. Those investments aren't guaranteed to be part of the final version of this infrastructure legislation, but Proterra should still benefit from a Biden administration that favors a wider shift to electric vehicles. Secretary of Energy Jennifer Granholm was a member of Proterra's board of directors before she resigned ahead of taking up that cabinet position.\nLike many young EV companies, however, Proterra is valued at a large premium based on its potential. It has a market cap of about $3.5 billion, but including warrants issued upon the close of the SPAC merger, that figure would be closer to $4 billion. That represents a price-to-sales ratio of 20 based on 2020 revenue, including the warrants. The company believes it could have sales of over $2 billion in 2025. But even ignoring that ambitious projection, a mere doubling of its sales would result in a reasonable valuation at recent prices, especially if the company, and the sector, continue to grow. That makes Proterra a possible bargain for a speculative holding.\nA rare chance to \"buy the dip\" in the world's leading wind energy company\nDaniel Foelber(Vestas Wind Systems):Investors interested in the wind energy sector will likely findpicking stocks in it to be challenging. Unlike solar, which has its fair share of U.S.-based technology companies, parts and panel suppliers, and components manufacturers, many leading wind energy companies are based in Europe. As such, Americans may be less familiar with these businesses, and have trouble purchasing their shares on a U.S. exchange like the NYSE or Nasdaq.\nA good way of discovering leading wind stocks is by lookingat the holdingsof the First Trust Global Wind Energy ETF(NYSEMKT:FAN). Its biggest holding, Vestas Wind Systems, is the largest wind machinery and technology manufacturer, operator, and service provider in the world. In 2020, it controlled one-third of global onshore wind energy installation capacity (excluding China). Vestas also has anAmerican Depositary Receiptthat lets U.S. buyers purchase the equivalent of Vestas shares without exchanging dollars for euros.\nVestas is currently trading around a six-month low, which could be a buying opportunity. One reason for the stock's decline could be that the company's revenue fell by 12% year over year in Q1 2021, and itsEBITmargin went negative, partly due to higher sales, general, and administrative expenses. However, Vestas is guiding for 2021 revenue in the range of 16 billion euros to 17 billion euros, which would amount to growth in the 8% to 15% range, and set a record high.\nVestas also has an extremely strong balance sheet, with more cash than debt and a net-debt-to-EBITDA ratio of negative 0.3. Like other renewable energy stocks, Vestas is struggling in a business environment that is thick with competition, high earnings expectations, valuation concerns, and rising interest rates -- not to mention that the oil and natural gas sector is doing quite well this year compared to last. The short-term narrative has changed, butclean energy remains the future. Vestas is a proven winner that's showing no signs of surrendering its leading position in the global wind energy industry.\nRenewable energy opportunities at a discount\nThese three companies run the gamut from wind to solar to a potentially disruptive transportation stock, but they all look like great values. And as renewable sources take over more and more of the energy market, they are among the companies with a lot of potential to reward investors.","news_type":1,"symbols_score_info":{"FSLR":0.9,"PTRA":0.9,"VWDRY":0.9}},"isVote":1,"tweetType":1,"viewCount":1362,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":18,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/156608690"}
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