Why the Reiteration?
Pinnacle West posted inspiring earnings results in the first quarter of 2013, widely surpassing our expectation. The company outperformed on the back of positive non-fuel rate changes and favorable retail sales.
Nevertheless, our reiteration takes into consideration the impact of the Obama climate plan which calls for reduction in coal-fired operations in the future. This will inevitably take a toll on Pinnacle West�� coal-generation business, which forms a major part of its operational mix.
Also, the lingering weak economic fundamentals in the U.S. will continue to prevent electric prices from gaining momentum thereby deterring Pinnacle West�� opportunities.
Yet, the company�� gradual shift to renewable energy sources will bode well for its future broad growth objectives. Pinnacle West has a series of solar investments in the pipeline in Arizona which will elevate its clean energy generation share to 15% by 2025. This will be further supported by consistent customer additions expected in the next 3 years.
Top Clean Energy Stocks To Buy Right Now: Touchdown Capital Inc(TDW.V)
Touchdown Resources Inc., an exploration stage company, engages in acquiring, exploring, and developing mineral prospects in Canada. It primarily explores for molybdenum, gold, and base metals. The company holds interests in the Sphinx and Jodi properties consisting of 15,400 hectares located west of Kimberly, British Columbia; McFarlane Lake Property comprising 3 mineral claims that consist of 22 units covering 352 hectares located in Broder Township, Ontario; and the Caribou property comprising 15 mineral claims located in the Caribou Mining Division of British Columbia. It also holds options to acquire a 80% interest in the Argyle gold project located west of Kirkland Lake, northern Ontario; a 100% in the Whitney property located in the central portion of Whitney township; and a 100% interests in 4 mineral claims located in Porcupine Mining Division, Ontario. The company was formerly known as Touchdown Capital Inc. and changed its name to Touchdown Resources Inc. in Mar ch 2010. Touchdown Resources Inc. was incorporated in 2005 and is headquartered in Vancouver, Canada.
Top Clean Energy Stocks To Buy Right Now: Joyas International Hldgs Ltd (E9L.SI)
Joyas International Holdings Limited, an investment holding company, engages in the design, manufacture, trading, packaging, and sale of metal gift, jewelry, and packaging products. It operates in three segments: Metal Gift Products, Jewelry Products, and Packaging and Other Items. The Metal Gift Products segment provides fashion accessories, including lipstick holders, compact mirrors, perfume atomizers, cufflinks, tie pins, and smoking accessories; desk top accessories, such as writing instruments, writing pad holders, calculators, and photo frames; computer accessories comprising keyboards, mice, and mouse pads; table top accessories, including candle stands, serving items, and bar ware; and time items, such as desk, travelling, carriage, functional, and pocket clocks. It designs and manufactures these products for international brands and designer labels, and other corporations to be used as corporate gifts. This segment sells its metal gift products under the Argent b rand name through its franchisees. It exports its products to Europe, the United States, and Asia, as well as sells through its franchisees� retail outlets in the People�s Republic of China and Hong Kong. The Jewelry Products segment involves in the design of jewelry products and subcontracts the manufacture of these products to independent third party subcontractors. It serves jewelry agents and retailers in Hong Kong and internationally. The Packaging and Other Items segment engages in designing, manufacturing, and selling packaging products. This segment also manufactures and sells print items, such as designed boxes for gift packaging, coasters, cloth bags, and board games. Joyas International Holdings Limited was incorporated in 2006 and is based in Kowloon, Hong Kong.
Top 10 China Stocks To Buy For 2014: GSV Capital Corp (GSVC)
GSV Capital Corp. (GSV Capital), formerly NeXt Innovation Corp., is a development-stage company. The Company is an externally managed, non-diversified closed-end management investment company. The Company�� investment objective is to maximize capital appreciation. The Company will seek to achieve its investment objective by investing primarily in privately held high growth venture backed companies and select mid cap and large cap publicly traded companies.
The Company may also invest in select publicly-traded equity securities of companies that otherwise meet its investment criteria. It seeks to acquire its investments primarily through private secondary market transactions and, to a lesser extent, through transactions executed on public securities exchanges and direct investments in its portfolio companies. The Company�� investment activities will be managed by GSV Asset Management. GSV Capital Service Company will provide the administrative services.
Advisors' Opinion:- [By Jon C. Ogg]
Chegg, Inc. (NYSE: CHGG) was the IPO disappointment of the week. Sure it has a lot of competition, but IPOs are supposed to be on fire now. Chegg managed to gain almost 3% on Friday to close at $9.13, but one must remember that the IPO price at $12.50 never saw the $12.50 open. The stock opened at $9.80 and closed at $8.88 on the first day, a move which will baffle IPO investors of growth companies who are buying an IPO at a time when major indexes are hitting new all-time highs. By the way, GSV Capital Corp. (NASDAQ: GSVC) was a runner-up�loser along with Chegg, as this fund owned shares of Twitter and Chegg pre-IPO. The stock price was above $16 before the Twitter IPO and is now down to $12.03 after another 8.8% drop on Friday. Bye-bye.
- [By Jon C. Ogg]
A third angle to consider is the business development company GSV Capital Corp. (NASDAQ: GSVC). This is public and it owns a slug of Twitter shares. Its recent peak was $16.90 and the shares were recently down at $15.60. This stock rose into the Facebook, Inc. (NASDAQ: FB) IPO as well, only to roll over as Facebook’s shares did. The portfolio update from GSV on October 3 showed the following: Twitter, Inc. was shown to have a fair value of GSV Capital investment of $37.6 million, or about 15.1% of net assets at the time. If the IPO price has risen, so has that value. Another hot upcoming IPO of Chegg, Inc. was shown to have a fair value of GSV investment of $14.0 million, worth some 5.6% of net assets. Be advised that this stock has doubled since mid-summer, and shares fell rapidly from $18 down to $10 after the Facebook IPO.
- [By Helix Investment Research]
Keating Capital is far from the only publicly traded pre-IPO investment company. There are several others, including GSV Capital (GSVC) and Firsthand Technology Value Fund (SVVC). Hercules Technology Growth Capital (HTGC) is also a pre-IPO fund, but with the bulk of its assets (over 92%) invested into loans to and debt of private companies, as opposed to their equity, the company's investment philosophy is different than that of these other pre-IPO funds. Unlike GSV Capital and Firsthand, Keating Capital, as a matter of policy, always purchases equity directly from portfolio companies, never from secondary markets such as SharesPost or SecondMarket. Mr. Keating outlined that this is due to the company's requirement that it be given access to all relevant financial data and managerial projections of its portfolio companies at all times, something that Mr. Keating believes is essential to being able to make informed investor decisions. We note that shares of Facebook (FB) and Twitter are conspicuously absent from Keating Capital's portfolio; the company declined to purchase shares of either company due to an inability to acquire direct financial information regarding these companies. In addition, Keating Capital has a stated goal of investing in the most senior equity securities available at each portfolio company.
- [By Chris Versace, Editor, PowerTrend Brief and PowerTrend Profits]
I tend to avoid IPOs, per se, but every so often there's an opportunity to climb into a position before the company goes public, and in this case, that's GSV Capital, which is a venture portfolio company, publicly-traded, ticker symbol (GSVC) and they have about 15% of their holdings in Twitter.
Top Clean Energy Stocks To Buy Right Now: King Solomon Mines Ltd (KSO.AX)
King Solomon Mines Limited, through its subsidiaries, engages in the acquisition, exploration, and development of mineral resource properties in China. It primarily explores for gold, copper, and other metallic deposits. The company�s properties located in the Sonid Zuoqi county, Inner Mongolia include the Marmot copper�molybdenum�gold project that covers an area of 39.7 square kilometers; Sonid North gold project covering an area of 24.8 square kilometers; and Naogaoshandu gold project, which covers an area of 47.2 square kilometers. It also holds interest in Bu Dun Hua porphyry copper�molybdenum project covering an area of 25.1 square kilometers in the Wengniute County, Inner Mongolia. The company was founded in 2003 and is based in Auckland, New Zealand.
Top Clean Energy Stocks To Buy Right Now: Delta Natural Gas Company Inc. (DGAS)
Delta Natural Gas Company, Inc. distributes or transports natural gas in central and southeastern Kentucky. It operates through two segments, Regulated and Non-Regulated. The Regulated segment sells and distributes natural gas to its retail customers primarily in 23 rural counties. This segment also transports gas to industrial customers on its system who purchase gas in the open market, as well as transports gas on behalf of local producers and other customers not on its distribution system. The Non-Regulated segment purchases natural gas in the open market, primarily from Kentucky producers, and resells this gas to industrial customers on its distribution system and to others not on its system. This segment also produces natural gas that is sold to Delgasco for resale in the open market. The company owns approximately 2,500 miles of natural gas gathering, transmission, distribution, storage, and service lines; and holds leases for the storage of natural gas under 8,000 a cres located in Bell County, Kentucky. It serves approximately 37,000 customers. The company was founded in 1949 and is headquartered in Winchester, Kentucky.
Top Clean Energy Stocks To Buy Right Now: Central European Distribution Corp (CEDCQ)
Central European Distribution Corporation (CEDC), incorporated on September 4, 1997, operates primarily in the alcohol beverage industry. CEDC is a producer of vodka and is Central and Eastern Europe�� integrated spirit beverages business. During the year ended December 31, 2011, as measured by total volume, the Company produced and distributed approximately 33.2 million nine-liter cases . The Company�� business primarily involves the production and sale of its own spirit brands (principally vodka), and the importation on a basis of a range of spirits, wines and beers. Its primary operations are conducted in Poland and Russia. In addition the Company also has operations in Hungary and Ukraine. CEDC has six manufacturing facilities located in Poland and Russia. On February 7, 2011, the Company completed purchasing of the remaining stake of the Whitehall Group.
CEDC is an importer of spirits, wines and beers in Poland, Russia and Hungary. The Company maintains import contracts for a number of internationally recognized brands, including Jim Beam Bourbon, Campari, Jagermeister, Remy Martin Cognac, Corona, Budweiser (Budvar), E&J Gallo wines, Carlo Rossi wines, Sutter Home wines, Metaxa Brandy, Sierra Tequila, Teacher�� Whisky, Cinzano, Old Smuggler, Grant�� Whisky and Concha y Toro wines. In addition to its operations in Poland, Russia, and Hungary the Company has Ukraine and distribution agreements for its vodka brands in a number of key export markets including the United Kingdom, Ukraine, the Baltics and the CIS for Green Mark, Zhuravli, Parliament and Zubrowka, the United States, Japan, the United Kingdom, France for Zubrowka and many other Western European countries. In 2011, exports represented 11% of its sales by value.
Poland
In Poland, CEDC is the vodka producers with a brand portfolio that includes Absolwent, Zubrowka, Zubrowka Biala, Bols, Palace and Soplica brands, each of which it produces at its Polish distilleries. It produces and sells vodka! s primarily in three vodka sectors: premium, mainstream, and economy. The Company owns two production sites in Poland: one in Oborniki and one in Bialystok. In the Oborniki distillery, it produces the Bols and Soplica vodka brands, among other spirit brands. In Bialystok it produces Absolwent and Zubrowka. Zubrowka is also exported out of Poland to many markets around the world, including the United States, England, Japan and also France. In addition to the Absolwent and Zubrowka brands, in Bialystok it produces the Zubrowka Biala brand. The Company has rights to import and distribute approximately 70 brands of spirits, wine and beer into Poland. It also provides marketing support to the suppliers. During 2011, the Company sold approximately 10.7 million nine-liter cases of vodka, wine and spirits through its Polish business during 2011 including both its own produced vodka brands as well as its exclusive agency import brands. During 2011, the Company sold approximately 191 thousand nine-liter cases of Zubrowka outside of Poland. During 2011, the Company�� Polish operations accounted for 26.3% of its revenue.
Russia
CEDC produces Green Mark in Russia and the sub-premium vodkas in Russia, Parliament and Zhuravli. During 2011 the Company introduced new brands to the Russian market Talka, Sotka and Silver Blend. The Company also produces Yamskaya, the economy vodka in Russia, and premixed alcohol drinks, or long drinks. The Company also owns Whitehall, which holds the exclusive rights to the import of such leading premium wine and spirit brands as Concha y Toro, Paul Masson, Robert Mondavi, DeKuyper, Jose Cuervo and Label 5. In addition to these import activities, Whitehall has distribution centers in Moscow, Saint Petersburg, and Rostov as well as a wine and spirits retail network located in Moscow. During 2011, the Company�� Russian operations accounted for 70.2% of its revenue. During 2011,the Company produced and sold approximately 16.6 million nine-liter cases of vodka th! rough its! Russian business in the main vodka segments in Russia: premium, sub-premium, mainstream, economy and cheap. In addition it produced and sold approximately 2.8 million nine-liter cases of long drinks.
Hungary
The Company sells Royal Vodka in Hungary through its Bols Hungary subsidiary. The imported brands to Hungary include Bols Vodka, Zubrowka, Royal Vodka, Campari, Cinzano, Jaegermeister, Bols Liqueurs, Cointreau, Carolans, Galliano, Irish Mist, Jose Cuervo, Calvados Boulard, Remy Martin, Metaxa, St Remy, Grant��, Glenfiddich, Tullamore Dew and Old Smuggler.
Top Clean Energy Stocks To Buy Right Now: NetSpend Holdings Inc.(NTSP)
Netspend Holdings, Inc., together with its subsidiaries, provides general purpose reloadable (GPR) prepaid debit and payroll cards, and alternative financial service solutions to underbanked and other consumers in the United States. Its GPR cards offer access to FDIC-insured depository accounts with a menu of pricing and features tailored to underbanked consumers needs; and serves as access devices to an FDIC-insured depository account with a bank. The company also provides various products and services to its cardholders, such as direct deposit, interest-bearing savings accounts, bill pay functionality, card-to-card transfer capability, personal financial management tools, and online and mobile phone card account access, as well as overdraft protection through its issuing Banks, and complimentary insurance coverage services. Netspend Holdings, Inc. markets its cards through various distribution channels, including retail distributors, direct-to-consumer and online marketi ng programs, and contractual relationships with corporate employers. As of December 31, 2011, it offered approximately 2.1 million active cards through approximately 600 retail distributors at approximately 40,000 locations; and reload services through approximately 450 retailers at approximately 130,000 locations. The company was founded in 1999 and is based in Austin, Texas.
Advisors' Opinion:- [By Jane Edmondson]
One additional item of note: the stock has been a rumored take-out candidate since another large competitor, NetSpend (NTSP), received an offer to be acquired in February by global payment solutions provider TSYS (TSS).
Top Clean Energy Stocks To Buy Right Now: Astrotech Corporation(ASTC)
Astrotech Corporation operates as a commercial aerospace company in the United States. The company provides spacecraft payload processing and related services; designs and manufactures space hardware; and commercializes space technologies for use on the earth. It also offers satellite launch processing support to government and commercial customers for their communication, earth observation, and deep space satellites. The company?s processing activities consist of satellite ground transportation; pre-launch hardware integration and testing; satellite encapsulation, fueling, launch pad delivery; and communication linked launch control, as well as engineering services. In addition, it develops Miniature Chemical Detector, a chemical analyzer for use on international space station, as well as detects residues and vapors from a range of chemicals, including explosives, chemical warfare agents, toxic chemicals, and volatile organic compounds. The company serves the United Stat es Government and commercial satellite and spacecraft customers. Astrotech Corporation was founded in 1984 is headquartered in Austin, Texas.
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