Analysis: Renewable investments have walloped oil and gas over the past five years

first_imgAnalysis: Renewable investments have walloped oil and gas over the past five years FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Renewable energy stocks have punched well above their weight over the past five years, an analysis by S&P Global Market Intelligence found, with the biggest players tripling in value in that period as oil and gas production company stocks held steady.An equally weighted basket of the 20 largest publicly traded stocks of North American companies that make and sell renewable power — geothermal, wind and solar energy sellers — gained 201% over the past five years as of Aug. 31. Meanwhile, the equally weighted value of the 73 firms in S&P’s Oil & Gas Exploration and Production Index—energy providers—gained 2% over the same period.Of the 20 renewable stocks, with a total market value of $34 billion, 65% gained in value over the five years, while only 30% of the 73 S&P oil and gas index companies, a group totaling $1.36 trillion in market cap, were in positive territory after five years. The broader benchmark S&P 500 index grew 40% over the five years.A 35% slide in the price of crude oil has not helped the E&P stocks, which are historically closely tied to the commodity, while renewable stocks have tracked more closely with the tech sector, said Deanna Zhang, an energy tech and renewables analyst for the energy investment bank Tudor Pickering Holt & Co.Raymond James & Associates Inc. oil and gas analyst Pavel Molchanov agreed that the market rewards high-growth stocks and renewables. Largely based on new and improving technologies, renewable energy companies are benefiting from the same trend that has exploded the value of such high-tech issues as Amazon.com Inc. and Facebook Inc.“It is not surprising that renewable stocks have outperformed the E&P index over the past five years,” said Vishal Shah, a partner with Hudson Sustainable Investments LLC, a $3 billion private equity fund. “[A] combination of positive industry fundamentals and favorable global policy support have resulted in this outperformance for renewables. Corporate renewables and storage plus renewables, along with the strong growth of distributed generation, are the main drivers for strong fundamentals in the renewables sector for power generation,” Shah said.More ($): Renewable premium: Wind, solar stocks soar as oil prices constrain drillerslast_img read more

Clippers’ Doc Rivers bemoans the Cavs’ firing of Tyronn Lue

first_imgDoc Rivers sometimes speaks about having been told, as a player, that he would be a good coach someday. He says he never believed it until it happened.It was Doc Rivers who suggested that Lue, as a player, might face a similar fate, having noticed Lue’s attention to detail and appetite for coaches’ scouting reports.“Ty is, he’s like my son,” Rivers said before this season began. “I love the guy. I never thought I’d tell another coach, ‘Hey love ya, take care.’ Yet every time every time me and Ty talk, that’s what we say.”Rivers said he and Lue spoke at length Sunday.“I think it’s awful,” Rivers said. “What it shows you is: Go to the Finals, win it, go to the Finals three years in a row and then come back and get fired. LOS ANGELES — For the first time in four seasons Sunday, Clippers coach Doc Rivers found himself coaching against his son – and hurting for another coach who he has likened to a son.The Clippers’ game against the Washington Wizards at Staples Center on Sunday night represented Austin Rivers’ first meeting with his former team – and his dad – since the 6-foot-4 guard was traded for starting center Marcin Gortat during the offseason.Being reunited as rivals would be fun, Doc Rivers said, in contrast to the “ugly” news that the Cleveland Cavaliers fired Coach Tyronn Lue, one of Rivers’ proteges. Lue coached the Cavs to three consecutive NBA Finals, including the 2016 NBA title, and was 128-83 on the job – but 0-6 this season, following LeBron James’ departure.Lue played for Rivers in Orlando and was one of Rivers’ assistant coach on the Boston Celtics team that won the championship before he came aboard as a Clippers assistant coach – operating as something of a defensive coordinator from 2013 until Cleveland hired him as an associate head coach the next year. Newsroom GuidelinesNews TipsContact UsReport an Error In a statement to ESPN, Lue said, in part: “I am very grateful for the dedication, sacrifice, and support of all the players on our team, the tremendous coaches I worked with and of course, our incredible fans. Lastly, deep thanks to (owner) Dan Gilbert, (former General Manager) David Griffin and (GM) Koby Altman for the opportunity over the last three years and I only wish the organization success moving forward.”Rivers said he would have had a hard time being so diplomatic.“I thought the way he handled (it), he’s better than me,” Rivers said. “He handled it with just amazing class, thanked everybody – he’s better than me.”GREAT SCOTTCoach Scott Brooks said his Wizards were happy to see Clippers forward Mike Scott, who averaged 8.8 points and shot 53 percent from the floor in 18.5 minutes per game last season for Washington. Scott signed a one-year, $4.32 million deal with the Clippers in July.“He’s loved by all of this team,” Brooks said. “We just saw him a few minutes before (when) he came in the locker room. A lot of hugs. A lot of great memories with Mike. We wish him nothing but the best and hope he has another great year.”This season with the Clippers, Scott is averaging 2.2 points in just fewer than 10 minutes per game. “It makes no sense, it’s the ugly part of our game. He’s really disappointed, but he has a lot to be proud of. He did a heck of a job in extreme circumstances and (I’m) probably no prouder (of) anybody that’s played for me and been a coach under me than Ty Lue. It makes you so angry when you see stuff like that, but there’s nothing you can do about it.”last_img read more

FBI Seeks to Monitor Social Media in Real Time for Mass Shooting Threats

first_imgThe FBI is planning its next steps following the recent mass shootings in Texas and Ohio.The agency wants to monitor social media in real time for such threats with the help of private contractors who can gather and send them the posts.FBI Agent Stuart Kaplan says, “With these mass shootings and these active shooting scenarios, the person may tend to post a manifesto or last will and testament online and immediately go out and carry out a horrific act.”Without the use of a third party, the FBI would need to obtain warrants or wait for tips.According to Kaplan, “If the FBI or government has to jump through those hoops, the delay may in fact be too late.” He acknowledges that some privacy would have to be taken away from social media users, but thinks it is necessary in order to address the threat.Kaplan adds, “Domestic terrorism has become more of the forefront, our national security is more front and center with respect to homegrown, and I hate to say this, United States citizens acting as lone wolves.”In this month’s Dayton, Ohio shooting, FBI agents say the shooter had concerning posts on Twitter that hinted he was violent. The El Paso shooter also posted a manifesto in an online message board.last_img read more