The Pros Pick 4 Solar Stocks For 2014

Jan. 02, 2014 4:46 AM ETMYBRF, EBODF, HASI, FSLR, TSLA15 Comments
Tom Konrad, CFA profile picture
Tom Konrad, CFA

With the average solar stock having doubled in 2013, it's much harder to find bargains in the solar industry than it was a year ago. But two of the professional green money managers think there is still value to be found. When I asked them for their top three green stock picks for 2014, they came back with two solar picks each. You can also read about my panel's green income stock picks and green information technology picks the earlier articles in this series.

Shawn Kravetz is the solar expert on my panel. He is President of Esplanade Capital LLC, a Boston based investment management company one of whose funds is focused on solar and companies impacted by the emergence of solar. Last year, he had the top pick of all my panelists, Amtech Systems (ASYS), which was up 160%.

This year, Kravetz says "Finding extreme values is challenging" but he still was able to find two that he considers "quite compelling." His first pick is Meyer Burger (Swiss:MBTN, MYBUF), a "Leading solar equipment manufacturer whose business has finally troughed." Kravetz thinks the company's business is about to make a "substantial turn" for the better, but the stock has hardly advanced despite the large increase in price for other solar stocks. Even after a strong 2013, Kravetz says "Global solar installations will likely grow 20% in 2014. With demand finally nearing an equilibrium with cost efficient supply, this will drive leading players to modernize and expand. The hangover of the solar nuclear winter and a poorly timed acquisition of competitor Roth & Rau is ending, leaving Meyer Burger extremely well positioned for 2014."

His second pick, Renewable Energy Trade Board Corporation (OTC:EBODF) is not for the faint at heart. He calls it the "Highest risk but highest reward of our

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Tom Konrad, CFA profile picture
I have canceled my republication agreement with Seeking Alpha.  Look for my future articles at Tom Konrad, PhD., CFA is a portfolio manager, financial analyst, and freelance writer specializing in renewable energy and energy efficiency. He is currently looking for a money management firm to sponsor what he believes would be the first dividend income oriented green mutual fund, based on a strategy, the Green Global Equity Income Portfolio, he has been managing since December 2013. He is Editor at Tom lives in New York's lower Hudson River Valley. He volunteers for the environmental nonprofit community, runs, and is a woodworker. He's currently using those woodworking skills to renovate (and upgrade the energy performance) of the 1930 farmhouse he lives in with his wife. He can be reached at tom at tom konrad dot com.

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