• Twitter
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Aggressive Income Feature

Vistra Energy: Cash Rich and Going Nuclear

By Roger S. Conrad on Mar. 10, 2023
Long deeply discounted, Aggressive Holding Vistra Energy (NYSE: VST) suddenly caught fire this week—and for three very good reasons. First, the energy generation and retail company announced yet another earnings beat, boosting 2022 EBITDA 53.5 percent and handily beating the mid-point of management’s most recent guidance. Despite a 26 percent year-over-year lift in CAPEX, free cash flow topped projections. And the company set robust 2023 guidance, with the mid-point of the EBITDA range an 18.8 percent increase.

America Movil: High Percentage Bet on Emerging Markets with a Big Dividend

By Roger S. Conrad on Feb. 9, 2023

Mexico’s Peso is up almost 9 percent against the US dollar since the beginning of 2022. That’s as the US Dollar Index (DXY) is up 8 percent, and has gained even more against the Euro and other developed world currencies. The Peso’s strength has made Aggressive Holding America Movil (Mexico: AMXL, NYSE: AMX) a sector outperformer over the past year.

Atlantica Yield: Big Dividend and Possibly for Sale

By Roger S. Conrad on Jan. 10, 2023

Algonquin Power & Utilities (TSX: AQN, NYSE: AQN) will update strategy on January 12 with an “Investor Update Call.” One potential course of action: The sale of its 42.49 percent interest in Aggressive Holding Atlantica Yield (NSDQ: AY). Expectations were high when Algonquin purchased ownership in the yieldco from its initial parent, bankrupt Spanish engineering firm Abengoa SA. And while the pace of drop downs to fuel growth has been tepid, the association has been positive for both sides—Atlantica’s dividend is now 6 percent higher than in December 2015, when it suspended its payout to deal with Abengoa’s cross-defaults.

Enel SpA: Non-Core Asset Sales Keep Growth and Dividends onTrack

By Roger S. Conrad on Dec. 12, 2022

Europe’s unfolding energy crisis, rising interest rates and a heavy debt load: That accounts for elevated investor skepticism this year that Italy-based Enel SpA (Italy: ENEL, OTC: ENLAY) can hold to guidance of 10 to 13 percent earnings growth or even its generous dividend.

Nippon Telegraph and Telephone: Solid Franchise with a Currency Kicker

By Roger S. Conrad on Oct. 10, 2022

Since the beginning of 2022, the Japanese Yen has dropped by almost -20 percent against the US dollar. That’s shrunk a 29.8 percent year-to-date local market gain in shares of dominant Japanese telecom Nippon Telegraph and Telephone (Tokyo: 9432, OTC: NTTYY) to a return of just 1.3 percent in US dollar terms.

Avangrid Inc: Unloved Stock with 3 Big Upside Drivers

By Roger S. Conrad on Sep. 8, 2022

Shares of Aggressive Holding Avangrid Inc (NYSE: AGR) trade basically where they began 2022. That underperformance of the Dow Jones Utility Average is no surprise, with the US arm of 81.65 percent owner Iberdrola SA (Spain: IBE, IBDRY) facing regulatory and operating uncertainty on three fronts. And Wall Street is obviously skeptical, with six “underweight/underperform/sell” recommendations by Bloomberg Intelligence-tracked analysts last month.

MDU Resources Group: Betting on the Sum of the Parts

By Roger S. Conrad on Aug. 8, 2022

Companies operating in multiple businesses frequently trade at a “conglomerate discount” to more focused rivals. This month, Aggressive Holding MDU Resources (NYSE: MDU) became the latest utility to simplify—announcing a tax-free spinoff to shareholders of its Knife River construction materials division.

AES Corp: Still Growing and Going Cheap Again

By Roger S. Conrad on Jul. 11, 2022

Last month, Aggressive Holding AES Corp (NYSE: AES) bought a 183-megawatt capacity wind power facility in Mississippi from Vestas Wind Systems (Denmark: VWS, OTC: VWSYF). It started up 96 MW of solar/storage projects in Massachusetts and New York. And it forged a consortium with Clearway Energy (NYSE: CWEN) to buy 7 gigawatts of solar panels annually from US manufacturers starting in 2024.

AGL Energy: The Big Unlock

By Roger S. Conrad on Jun. 10, 2022

Last month’s Labor Party’s victory in parliamentary elections is a sea change for Australian energy policy. And long-suffering shareholders of AGL Energy (ASX: AGL, OTC: AGLXY) are now uniquely positioned to benefit.

The Sun’s Still Shining On Clearway Energy

By Roger S. Conrad on May. 9, 2022

Even before the Commerce Department launched its probe of imports from Southeast Asia, the cost of solar panel costs was as much as 50 percent higher in the US than Europe and Australia. And Solar Energy Industries Association members have cut 2022-23 installation forecasts by 46 percent, on the prospect of new retroactive tariffs as high as 250 percent.