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Author Topic: Best listed electricity company stock to buy  (Read 71 times)
icehouse
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May 17, 2018, 11:12:52 PM
Merited by odolvlobo (1)
 #1

Hi guru,

crypto mining consume electricity,
electric cars consume electricity,

I don't know which coins (btc or eth) will win the games or
which automaker (tesla, or gm) will win the games

but pretty sure demand of elelctricity will skyrocketing in the future.

I live in NYC area, I know con edison and pseg. but not many large scale mining farm here as
electricity is expensive here.

Sincerely, asking for the best listed electricity company to buy a few share per month.

Thanks everyone!
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icehouse
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May 18, 2018, 01:39:24 AM
 #2

pump
kalawang
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May 18, 2018, 02:55:05 AM
 #3

Hi guru,

crypto mining consume electricity,
electric cars consume electricity,

I don't know which coins (btc or eth) will win the games or
which automaker (tesla, or gm) will win the games

but pretty sure demand of elelctricity will skyrocketing in the future.

I live in NYC area, I know con edison and pseg. but not many large scale mining farm here as
electricity is expensive here.

Sincerely, asking for the best listed electricity company to buy a few share per month.

Thanks everyone!
if you have a cryptocurrency earner you must have a proper Electricity whether if you are a trader or miner. you should have a proper electricity and of course internet. this are the basic need when we are cryptocurrency earner. you can check your investment anytime you want just should have a proper electricity and internet connection
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May 18, 2018, 03:17:06 AM
 #4

I wouldn't count on Ethereum winning anything, specially on the mining field. Remember that Ethereum will have a hardfork soon to PoS (proof of stake) so Ethereum will no longer have miners.

Now when it comes to Bitcoin.. it's difficult to say which electricity company stocks to buy. You must look at where the hashrate comes from and it comes from China mostly, and im not sure what stocks related to electricity I would pick.

Non-China based, I only know MGT Capital Investments Inc. (MGTI) which is owned by McAffee.

Quote
MGT Capital Investments began Bitcoin Mining September 2016 in Washington State and these facilities are still mining today. These units laid the ground work for our self contained mining containers which can hold up to 400 Bitmain S9 Antminers enabling us to stay mobile if needed.

Our latest Bitcoin Mining facility is in Northern Sweden. We scouted for locations in 2017 and found a location which can hold close to 20,000 Bitmain S9 Antminers.

So this would be an option. If you can, avoid investing in Chinese stuff, they have enough power on that field already.

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May 18, 2018, 03:18:10 AM
 #5

Hi guru,

crypto mining consume electricity,
electric cars consume electricity,

I don't know which coins (btc or eth) will win the games or
which automaker (tesla, or gm) will win the games

but pretty sure demand of elelctricity will skyrocketing in the future.

There is a chance electricity demand won't increase as much as some might expect.

A paradigm shift from gasoline powered cars and diesel powered trucks towards electrically powered vehicles shifts energy demand from oil to the electrical grid. This comes with an energy surplus. Internal combustion engines in cars are credited with being around 15% efficient. Hydroelectric and other methods of generating electricity which are associated with energy grids can be as high as 30% efficient which gives energy produced by the grid roughly two times the efficiency of energy normally extracted by cars and trucks on the road.

Energy produced by power grids are also becoming increasingly decentralized. Rather than relying on state subsidies or big start up costs necessary to build new power plants, there is a significant shift towards people moving off grid, becoming more energy independent via installing solar panels or windmills on their homes. In some states like california they have reported that electricity generation from residential solar panels is so high they actually must pay neighboring states to accept their excess electricity or else they risk damaging their own electrical grid due to an excess of power.

Since bitcoin mining operations can be setup anywhere in the world with a decent internet connection, miners have their choice in terms of where they choose to establish themselves. This flexibility in location translates to miners often opting for hydroelectric power, which is cheaper than coal, in areas where there is a surplus of electricity which translates to lower overall electricity per watt prices.

In a sense, it doesn't matter if bitcoin mining consumes a ton of electricity, generally the large majority of it will be generated via green methods like hydroelectric and industrial mining will typically take place in areas where there is an excess of electricity which will prevent mining from making electricity a scarce resource.

There is a lot which could be said on this topic that isn't being commented on by anyone in the media. I'm only covering the general points, here.

Don Pedro Dinero
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May 18, 2018, 03:31:48 AM
 #6

I haven't looked at the data recently but I bought some time ago Emerson Electric shares. It's a global industry manufacturer and a Dividend King. It is a must in a diversified portfolio.
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May 18, 2018, 03:50:59 PM
 #7

I don't think investing in utilities as a way to anticipate demand because of mining or bitcoin use, BUT utility stocks are pretty good on their own because they generally pay really good dividends.

One of my favorites is American Electric Power (AEP), which currently is paying around 3.8% as a dividend.  They provide power to parts of the midwest if I'm not mistaken.  Eversource (ES) is another one.  They're out of Texas but provide power to parts of New England, and their yield is around 3.5%.  Even if you didn't benefit from anything related to bitcoin's power consumption you'd still be earning a decent dividend income.  The downside is that you won't see much in terms of capital gains (probably).

You said you know about Con Ed, and that's a great stock as well.  One of the biggest and best utility plays there is.

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May 18, 2018, 04:15:46 PM
 #8

Just imho but it is not the best move to invest in electricity producing companies. It feels like there will be a huge lobbyism of "green energy" (like it happens right now with electric cars) while none of the green energy producing enough power to fill any serious demand. Doesn't matter how good is the company now when tomorrow it may get drawned by green lobbyists.

icehouse
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May 18, 2018, 05:40:41 PM
 #9

I haven't looked at the data recently but I bought some time ago Emerson Electric shares. It's a global industry manufacturer and a Dividend King. It is a must in a diversified portfolio.

Thank you Don,

I am looking for electricity company with good dividend
icehouse
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May 18, 2018, 05:43:49 PM
 #10

I don't think investing in utilities as a way to anticipate demand because of mining or bitcoin use, BUT utility stocks are pretty good on their own because they generally pay really good dividends.

One of my favorites is American Electric Power (AEP), which currently is paying around 3.8% as a dividend.  They provide power to parts of the midwest if I'm not mistaken.  Eversource (ES) is another one.  They're out of Texas but provide power to parts of New England, and their yield is around 3.5%.  Even if you didn't benefit from anything related to bitcoin's power consumption you'd still be earning a decent dividend income.  The downside is that you won't see much in terms of capital gains (probably).

You said you know about Con Ed, and that's a great stock as well.  One of the biggest and best utility plays there is.

Thank you Pharma,
3.8% is not bad
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May 18, 2018, 06:33:25 PM
 #11

If it were to bet on any, I would bet on companies linked to renewable sources. Mostly solar and wind.

  • Ormat Technologies Inc.   New York   NYSE: ORA   2004   Geothermal, Solar
  • Renewable Energy Group, Inc   New York   NASDAQ: REGI   2012   Renewables
  • Ascent Solar Technologies, INC   New York City   OTCQB: ASTI   2006   Photovoltaics
  • Aventine Renewable Energy   New York City   NYSE: AVR   -   Bio Energy
  • Azure Power   New York City   NYSE: AZRE   2016   Solar
  • Ballard Power Systems   New York City   NASDAQ: BLDP   1995   Fuel Cells
  • Brookfield Renewable Energy Partners LP   New York City   NYSE: BEP   1995   Hydroelectric, Solar, Wind
  • Canadian Solar, INC   New York City   NASDAQ: CSIQ   2006   Photovoltaics
  • China Sunergy Co, LTD   New York City   NASDAQ: CSUN   2007   Photovoltaics
  • DayStar Technologies, INC   New York City   NASDAQ: DSTI   2004   Photovoltaics
  • Enphase Energy   New York City   NASDAQ: ENPH   2012   Photovoltaics, Solar
  • First Solar Holding, LLC   New York City   NASDAQ: FSLR   2007   Photovoltaics
  • Gevo, Inc.   New York City   NASDAQ: GEVO   2011   Bio Energy
  • Green Plains Renewable Energy, INC   New York City   NASDAQ: GPRE      Ethanol
  • H/Cell Energy Corporation   New York City   OTCQB: HCCC      Hydrogen Energy Systems
  • JA Solar Holdings Co, LTD   New York City   NASDAQ: JASO   Photovoltaics
  • LDK Solar Co, LTD   New York City   OTC Pink: LDKYQ   Photovoltaics
  • Liberated Energy Corp.   New York City   OTC Pink: LIBE      Wind, Solar
  • Ocean Power Technologies, INC   New York City   NASDAQ: OPTT      Wave
  • ReneSola, LTD   New York City   NYSE: SOL      Photovoltaics
  • SolarEdge Technologies, Inc   New York City   NASDAQ: SEDG      Photovoltaics
  • Solarfun Power Holdings Co, LTD   New York City   NASDAQ: SOLF      Photovoltaics
  • SunPower Corporation   New York City   NASDAQ: SPWR   Photovoltaics
  • Sunrun   New York City   NASDAQ: RUN      Photovoltaics
  • Suntech Power   New York City   NYSE: STP   Photovoltaics
  • Trina Solar, LTD   New York City   NASDAQ: TSL      Photovoltaics
  • Verenium Corporation   New York City   NASDAQ: VRNM   -   Biofuels
  • Vivint Solar   New York City   NASDAQ: VSLR      Photovoltaics
  • Yingli Green Energy Holding Co, LTD   New York City   NYSE: YGE      Photovoltaics


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cellard
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May 19, 2018, 03:28:00 PM
 #12

Dividends are good, but you will not get rich from that... it's the already rich people that can make a good living off small % dividend returns alone.

If you are born without look, like 99% of us, you need to take more aggressive positions and assume higher risk. The less capital you have, the highest risk and the higher creativity you must take into your moves.

If you are born with millions you can put it on the S&P500 and just chill while making millions doing nothing, if not, then things like Bitcoin are what creates new wealth. That, or getting at the bottom of the next big stock to blow up, etc. You must beat the time/money graph somehow.

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May 19, 2018, 04:59:22 PM
 #13

The thing with these elecricity companies is the lack of expansion, which pretty much means that they have a monopoly in the area they're in and they're not going to expand more to get more customers -- unless more building occurs where they are. Due to these, these stocks don't have much volatility. These stocks are income stocks, meaning that they pretty much just pay out a good amount of their earnings in dividends to people who own their stocks.

I'd rather buy an index fund then bet on different companies.

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Hydrogen
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May 19, 2018, 11:42:12 PM
 #14

The thing with these elecricity companies is the lack of expansion

I agree with that in terms of residential energy sectors. The construction of real estate and living spaces in the united states is not keeping pace with population demand. This reduces electrical consumption by a significant factor via producing a higher population density per household (with lower energy consumption) than would otherwise be necessary. It also artificially boosts the value of real estate via it becoming a more scarce resource.

Total number of bitcoin users doubling every 12 months or so is the type of massive growth investors look for in an industry. Electrical growth isn't likely to grow at a pace anywhere resembling that due to some energy systems becoming more efficient over time. Electronics like tvs, computers and other things are sometimes becoming more efficient as time passes due to transistors being built smaller with less electrical consumption. Energy efficient lightbulbs and similar "green" products are also becoming more mainstream which could go some ways towards thwarting the growth options of businesses in the energy industry.

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May 20, 2018, 06:49:13 PM
 #15

The thing with these elecricity companies is the lack of expansion, which pretty much means that they have a monopoly in the area they're in and they're not going to expand more to get more customers -- unless more building occurs where they are. Due to these, these stocks don't have much volatility. These stocks are income stocks, meaning that they pretty much just pay out a good amount of their earnings in dividends to people who own their stocks.

I'd rather buy an index fund then bet on different companies.

what about more and more people buying electric car?
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