NEW YORK, January 31, 2017 /PRNewswire/ --
Green Stocks Keep Chugging Along
NetworkNewsWire News Coverage: Now that the Dow has rallied above 20,000 for the first time, we can step back and review the landscape. Few should be surprised that several infrastructure stocks have been the beneficiary of the new Administration's policies. Conversely, the conventional wisdom was that we should forget green stocks for the next four to eight years, especially with President Trump nominating ExxonMobil (NYSE: XOM) CEO Rex Tillerson to be his Secretary of State. It's worth taking a look at a variety of equities - such as Source Financial, Inc. (OTCQX: SRCF), Tesla Motors' (NASDAQ: TSLA) and Methanex Corp. (NASDAQ: MEOH) - to see how they fit into the current playing field.
However, that's not playing out as expected. In fact, the green sector has some of the best performers since the election, and the recent announcement that Source Financial, Inc. and CSES Group, Inc. are entering a merger transaction to bring CSES's proprietary refrigerant technology, alltemp, to market, is well-timed.
In addition to being the world's first Montreal and Kyoto Protocol compliant refrigerant, alltemp delivers impressive energy consumption savings, without any loss in capacity, according to tests conducted in several Fortune 500 company facilities.
CSES plans on increasing manufacturing capacity of alltemp to $100 million per month at its plant in Oregon.
The green sector rally really shouldn't have caught anybody off guard. After all, one of the high-profile meetings that the Trump transition team hosted at Trump Tower was with Leonardo DiCaprio and Terry Tamminen, the CEO of the Leonardo DiCaprio Foundation, to discuss the importance of green sector jobs and how the sector boosts the economy.
Tamminen stated, "Our conversation focused on how to create millions of secure, American jobs in the construction and operation of commercial and residential clean, renewable energy generation."
The Trump Administration also hosted Elon Musk, who reportedly stated that the Trump Administration may "be positive on renewables," and appointed Tesla Motors' front man to President Trump's Strategic and Policy forum.
Morgan Stanley analyst Adam Jonas made the following comment concerning Musk's appointment, "While we cannot explicitly apply a monetary value to this relationship, we believe this level of coordination with the new administration could actually evolve into greater strategic value than with the prior administration."
Jonas also believes that the relationship could send Tesla (NASDAQ: TSLA) shares 30% higher this year, and said, "To the extent the creation of high-tech manufacturing jobs in the United States is a high priority of the administration, we believe Mr. Musk might have some objectives that could be very much in alignment with those of the Trump administration."
On top of boosting the "Made in America" agenda, as the green technologies and renewables sector could become a prime employment driver in the U.S., this also points to President Trump's belief in smart ecology, where green technologies should be able to compete, and win, on other merits.
In other words, the Trump Administration could help boost environmental technologies, which see massive demand increases with higher energy prices.
Ultimately, the green space products must be compelling without any incentives or subsidies. The space will succeed because the products are becoming more affordable and captivating by the day, with or without government incentives.
The environmental, renewable and alternative fuel space is much more than just Tesla. Among top-moving green sector players is the U.S. Alternative Fuel Index, the second-best performing industry over the past month, led by Methanex Corp (NASDAQ: MEOH)., which just reported record quarterly and annual production, as well as the third consecutive quarter of record sales volume. Methanex's board of directors also declared a quarterly dividend of $0.275 per share that will be payable March 31, 2017, to holders of common shares of record March 17, 2017.
ExxonMobil's (NYSE: XOM) board of directors also declared a cash dividend last week, but at $0.75 per share on the common stock, payable March 10, 2017, to shareholders of record of common stock at the close of business February 10, 2017. ExxonMobil will release its fourth quarter and full year 2016 financial results January 31.
For more information, please visit: Source Financial, Inc. (SRCF)
Please see full disclaimers on the NetworkNewsWire website: http://NNW.fm/Disclaimer
New York, New York
DISCLAIMER: NetworkNewsWire (NNW) is source of content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NNW or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. NNW & FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.
NNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW & FNM undertakes no obligation to update such statements.
Media Contact e-mail: FN Media Group, LLC - email@example.com , (954)345-0611