The Smart Grid group was in transition with investors this year because of a post-stimulus slowdown, election inertia and project delays. Valuations and relative expectations are lower, resulting in an attractive investment opportunity.
Itron (ITRI), perhaps the best known smart meter stock, is approaching bottom. Orders have been thin, but ITRI is poised to deliver solid earnings momentum and margin expansion as on-going projects proceed.
Elster (ELT) is less well known and undervalued. It dominates in industrial gas metering solutions and has a solid backlog and project pipeline.
EnerNOC (ENOC), the industry leader in demand response, is expanding its market share in the US and abroad. In Lighting, Universal Display (PANL) should benefit from 2011 being a break-out year for OLEDs.
In Recycling, metals recycler Schnitzer Steel (SCHN) will benefit from strong industry fundamentals as prices are trending higher and supply is constrained.
In Green Building, NCI Building Systems (NCS) is positioned to capitalize on recovery in non-residential construction. The company supplies "cool" roofs, insulated metal products and other greeen building products.
Water continues to be an attractive investment theme, even with municipal spending challenges. There's a potential push for a national infrastructure bank. Even with very strong recent stock performance, Nalco (NLC) continues to impress because of its core competencies in Energy and Water markets.
Markets face strong headwinds in 2011
Commodity, mining and energy stocks were exceptionally strong in Canada this year. Which sectors of the Canadian market do you expect to perform best in 2011
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FTSE 100 set for best December since 1987 as Santa rally gets second wind
for the FTSE in 2011 of 6400 and said the biggest challenge for investors and the wider economy would be inflation driven by rising commodity price Read More...
Markets face strong headwinds in 2011, roundtable told
Equity markets in North America defied the skeptics again in 2010, following up a banner year in 2009 with another double-digit rise. While Canada seems to be emerging from recession with vigour, there are still plenty of clouds hovering over the markets as we enter 2011 Read More...
The five big questions facing investors in 2011
It's the time of year when everyone comes out with their forecasts for 2011 – and we've got plenty of them for you in the current issue of MoneyWeek magazine. For now, let's look at five of the big issues that investors will have to cope with next year. Read More...
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