Yieldcos Reboot
The Lifelong Income Portfolio has migrated to sister-product Deep Dive Investing’s Idea Vault. For our Portfolio readers, we run through additional Idea Vault members that may be of interest.
The New Faith in Renewables
Renewable energy uses to be seen as a threat to the existing utility sector. But now solar investments have filtered into utilities’ regulated service territories. But which part of the renewable market and how those markets are played can make a significant difference in a given company’s outcome.
First Solar and SunPower’s Yieldco: Building Value or Cashing Out?
First Solar and SunPower Corp announced a yieldco earlier this week. Should you believe the hype?
Utilities Enter the Spin Cycle
Expect more utilities to monetize assets and recycle capital by spinning off yieldcos and master limited partnerships.
Yieldcos: Built to Last, But Priced for Speed
Long-term supply contracts ensure that utility yieldcos should maintain their dividends even if the boom in renewable-energy installations goes bust. However, lofty valuations suggest that the market has already priced in a great deal of upside. Tread carefully.