The median return for all stock market indexes during May was -4.75%. The average return for the indexes during the month was -4.91%. Last Year: During the last 12 months, the S&P TSX Index had a rank of 11 with a return of 0%. The top ranked index during the last year was the Dow Utility Index, with a return of 12%.
© Provided by The Motley Fool Clean energyIncludes Royal TS (for Windows), Royal TSX (for macOS) and Royal Server Personal License (non-commercial) Royal TS/X + Royal Server Personal License € 0. Licensing FAQ License Agreement Royal TSX for macOS. Per-User Licenses Individual User License. Single User, multiple devices € 0. Stocks kick off October with tech-led advances, as Nasdaq gains 1.4%. Breaking News. Oct 01, 2020. Another 837,000 American workers filed for unemployment benefits last week (850,000 expected). Royal Downloads Our products can be downloaded, installed and used for free without any time limit, license key or registration. This allows you to get started quickly and if you only have a small environment you can continue using our products free of charge in 'Shareware Mode'. Limitations: Royal TSX can be downloaded, installed and used for free without any time limit (no trial expiration!) and without a license key. In this mode, the following restrictions are applied: You cannot have more than 10 connections per Royal TSX application instance. You cannot have more than 10 credentials per Royal TSX application instance.
Green power investors have a strong buy in Algonquin Power & Utilities(TSX:AQN)(NYSE:AQN). Let’s review some of its strong points before comparing it with three of its closest competitors.
Diversification makes for a strong dividend
![Royal tsx 1 4 6 cylinder Royal tsx 1 4 6 cylinder](https://static.macupdate.com/screenshots/270432/m/royal-tsx-screenshot.png?v=1601031593)
Algonquin’s revenue is divided among three distinct business segments: Distribution, generation, and transmission. These three facets make Algonquin a powerfully diversified stock. Its inclusion on the TSX 60 Index also makes Algonquin part of the top cadre of Canadian names to buy for their defensively large-cap status.
Algonquin’s American operations include water, natural gas, and electricity distribution utilities. Their regulated status should be reassuring to the low-risk investor seeking buy-and-forget dividends. These operations add to Algonquin’s diversified asset portfolio, spreading risk and strengthening payment reliability. This segment of Algonquin’s business is heavily weighted by natural gas.
However, when you look at Algonquin’s generation segment, it’s clear that the emphasis is on renewable energy. Electricity sales are powered by hydroelectric, wind, solar, and thermal power generation. Again, this section is also weighted more by one source than another; here, the focus is on wind farms.
Transmission makes up the remainder of Algonquin’s business, with both natural gas pipelines and electricity transmission falling within its purview. A 4.7% dividend yield is tasty enough for a long-term position.
Overall, Algonquin is moderately well valued, pays an adequate dividend, and satisfies a growth thesis. But how do its competitors stack up?
Three great stocks for green power exposure
Royal Tsx 1 4 6 Cyl
Northland Power(TSX:NPI) pays a decent dividend and has a strong track record. It doesn’t match Algonquin in terms of value, with a P/B of 5.6 times book compared with Algonquin’s twice-book share price. Its mix of assets covers similar ground to Algonquin’s, though with strong international partnerships and a growing windfarm empire.
Royal Tsx 1 4 6 Cylinder
Potential five-year total returns of 145% underscore just why Northland is one of the top green energy stocks to buy in 2020. Algonquin could be looking at similar returns of around 149%, though, making this one too close to call. Overall, Algonquin is a stronger all-rounder, though Northland’s deal-making in the wind farm space is enticing.
Polaris Infrastructure is an extreme value play for green energy coverage. It’s currently selling at a discount of 80% below fair value. This is clearly one to add to a list of deeply oversold assets. Its outlook does not match those of Algonquin or Northland, though
Furthermore, Polaris’ balance sheet is marred by a high debt to equity ratio of 85%. Still, its exposure to geothermal and hydroelectric assets and 6% dividend yield are appetizing.
Brookfield Renewable Partners stock comes with the high pedigree of a world-class asset management name, as well as defensive variety across asset types. This is the number-one stock to buy if you want instant exposure to green energy assets across the Americas, Europe, and Asia. However, beyond a 4.6% dividend and strong diversification, Brookfield falls down on valuation selling at double its book price.
![Royal Tsx 1 4 6 Royal Tsx 1 4 6](https://www.royalapps.com/blog/user/pages/05.blog/customizing-royal-ts-x-settings/rts_docking_panels.png)
Royal Tsx 1 4 64
Algonquin sizes up favourably against its closest analogues, making it a solid buy in the green energy space. Investors should weigh their exposure and consider adding shares in Northland Power, Polaris, and Brookfield Renewable Partners for a comprehensive spread of renewable power assets.
Getting your money’s worth is key to long-term investing. That’s why we’ve compiled the following must-read report…
Royal Tsx 1 4 600
Phoneclean 4 0 4 download free. Motley Fool Canada‘s market-beating team has just released a brand-new FREE report revealing 5 “dirt cheap” stocks that you can buy today for under $49 a share.
Our team thinks these 5 stocks are critically undervalued, but more importantly, could potentially make Canadian investors who act quickly a fortune.
Don’t miss out! Simply click the link below to grab your free copy and discover all 5 of these stocks now.
More reading
Fool contributor Victoria Hetherington has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Polaris Infrastructure Inc.
The post 4 Renewable Energy Stocks for TSX Investors appeared first on The Motley Fool Canada.