New Energy Weekly – Happy New Year
Happy New Year
I’m incredibly proud of what we’ve done together. In just six months, we generated a model portfolio of stocks that outperformed the market. Our open positions, including Jade Power Trust, are up about 10% since we launched in June 2022.
Our benchmarks for the overall stock market have not done nearly as well in that time period – the Nasdaq is down 12%, the S&P 500 is down 5.2%, and the Dow Jones Industrial Average is up just 2.2%, as you can see in the chart below:
That’s great performance. I’m pleased with what we’ve done so far. But we’re all looking forward to 2023.
We have an exciting new pick for January. You’ll get that letter next week. In it, we lay out some of our thesis for the new year. And we will dive into a small power company that’s making an improvement in the snarl of electric power in the northeastern U.S.
The company has no debt and impressive profit margin growth. I think you’re going to like it very much.