Top Climate Stocks to Consider Heading into New Year 2023 November 17, 2022 - Baystreet.ca With a new $370 billion clean energy and climate deal, keep an eye on green stocks heading into New Year 2023. Analysis “suggests the measures would reduce US carbon emissions by up to 40% by 2030. Strong climate regulations from the Biden administration and action from states would be needed to get to Biden’s goal of cutting emissions 50% by 2030,” says CNN. “The bill also contains many tax incentives meant to bring down the cost of electricity with more renewables, and spur more American consumers to switch to electricity to power their homes and vehicles.” That could also be beneficial for companies, such as Northstar Clean Technologies (TSXV: ROOF) (OTCQB: ROOOF), which is focused on the sustainable recovery and reprocessing of asphalt shingles. Other shingles stocks to be aware of in the market include Owens Corning (NYSE: OC), Lowe’s Companies (NYSE: LOW), Beacon Roofing Supply Inc. (NASDAQ: BECN), and Home Depot Inc. (NYSE: HD). Look at Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) For Example Northstar Clean Technologies Inc. announced the first collection of previously landfill bound asphalt shingles at the Company’s asphalt shingle reprocessing facility in Delta, British Columbia. While the Company has been producing saleable quantities of liquid asphalt for some time now from its on-site shingle inventory and having received its Brokering License from Metro Vancouver (as previously announced by the Company on August 3, 2022), the Company has now fully commissioned its digital weigh scale and is able to collect shingles. The processing of the first truck of asphalt shingles means the shingle collection process is operational. The Company expects to work with local partners to ramp up collection activities at the Empower Pilot Facility. Mr. Aidan Mills, President & CEO and Director of Northstar, stated “This is an exciting milestone for Northstar and our stakeholders, as it marks the start of diverting discarded asphalt shingles from the Vancouver landfill to our Empower Pilot Facility, allowing them to enter the circular economy and reduce greenhouse gas emissions from liquid asphalt production. We will work with our industry partners to increase shingle collection at the Empower Pilot Facility. This is an important step for our business model, as it will mark our ability to collect tipping fees, an important revenue stream for the business.” Other related developments from around the markets include: Owens Corning took an important step toward reaching its circular economy aspiration with the announcement of enhanced shingle recycling efforts. By 2030, the company intends to recycle two million tons of shingles per year in the U.S. “Owens Corning has a strong sustainability foundation and has set ambitious goals. This includes establishing circular economy business models that ensure materials in our products remain in the economy indefinitely. We are focused on bringing these breakthrough solutions to life as a critical next chapter of work in our sustainability journey,” said David Rabuano, Senior Vice President and Chief Sustainability Officer. “Our mission is to build a sustainable future through material innovation, and with this enhanced focus on shingle recycling we continue to make progress.” Lowe’s Companies reported net earnings of $154 million and diluted earnings per share (EPS) of $0.25 for the quarter ended Oct. 28, 2022, which included a pre-tax non-cash asset impairment charge of $2.1 billion related to its Canadian retail business, compared to diluted EPS of $2.73in the third quarter of 2021. Excluding the impairment charge, third quarter adjusted diluted EPS1 increased 19.8% to $3.27 compared to the prior year. Total sales for the third quarter were $23.5 billion compared to $22.9 billion in the third quarter of 2021, and comparable sales increased 2.2%. Comparable sales for the U.S. home improvement business increased 3.0% for the third quarter. Beacon Roofing Supply Inc. announced results for the third quarter ended September 30, 2022. “Beacon’s record third quarter results demonstrate our team’s focused execution and the resiliency of our business model in a dynamic environment,” said Julian Francis, Beacon's President & CEO. “We continued to deliver value to our customers, driving record third quarter net income and our 11th straight quarter of year-over-year increases in Adjusted EBITDA. At the same time, we continued making strategic investments toward achieving our Ambition 2025 growth and margin targets. We took an important step this week with the acquisition of Coastal Construction Products, one of the largest independent distributors of specialty waterproofing products in the U.S. The combination of Beacon’s specialty waterproofing branches in the West, and Coastal’s strong presence in the Southeast, creates a new national player in waterproofing products and significantly enhances our value proposition by providing a building envelope solution to our commercial and multifamily roofing customers. We also accelerated greenfield investments in several key markets, creating capacity, expanding our branch footprint and enhancing service to our core exteriors customers. Our balanced capital allocation demonstrates our commitment to creating shareholder value and confidence in our Ambition 2025 strategic plan. I am extremely pleased with our achievements in the third quarter and know the Beacon team remains prepared to quickly adapt to changing market conditions going forward as we help our customers build more.” Home Depot Inc., the world's largest home improvement retailer, reported sales of $38.9 billion for the third quarter of fiscal 2022, an increase of $2.1 billion, or 5.6 percent from the third quarter of fiscal 2021. Comparable sales for the third quarter of fiscal 2022 increased 4.3 percent, and comparable sales in the U.S. increased 4.5 percent. Net earnings for the third quarter of fiscal 2022 were $4.3 billion, or $4.24 per diluted share, compared with net earnings of $4.1 billion, or $3.92 per diluted share, in the same period of fiscal 2021, representing an 8.2 percent increase in diluted earnings per share. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Northstar Clean Technologies Inc. by Northstar Clean Technologies Inc. We own ZERO shares of Northstar Clean Technologies Inc. Please click here for full disclaimer. Contact: Ty Hoffer Winning Media281.804.7972[email protected]
Top Climate Stocks to Consider Heading into New Year 2023 November 17, 2022 - Baystreet.ca With a new $370 billion clean energy and climate deal, keep an eye on green stocks heading into New Year 2023. Analysis “suggests the measures would reduce US carbon emissions by up to 40% by 2030. Strong climate regulations from the Biden administration and action from states would be needed to get to Biden’s goal of cutting emissions 50% by 2030,” says CNN. “The bill also contains many tax incentives meant to bring down the cost of electricity with more renewables, and spur more American consumers to switch to electricity to power their homes and vehicles.” That could also be beneficial for companies, such as Northstar Clean Technologies (TSXV: ROOF) (OTCQB: ROOOF), which is focused on the sustainable recovery and reprocessing of asphalt shingles. Other shingles stocks to be aware of in the market include Owens Corning (NYSE: OC), Lowe’s Companies (NYSE: LOW), Beacon Roofing Supply Inc. (NASDAQ: BECN), and Home Depot Inc. (NYSE: HD). Look at Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) For Example Northstar Clean Technologies Inc. announced the first collection of previously landfill bound asphalt shingles at the Company’s asphalt shingle reprocessing facility in Delta, British Columbia. While the Company has been producing saleable quantities of liquid asphalt for some time now from its on-site shingle inventory and having received its Brokering License from Metro Vancouver (as previously announced by the Company on August 3, 2022), the Company has now fully commissioned its digital weigh scale and is able to collect shingles. The processing of the first truck of asphalt shingles means the shingle collection process is operational. The Company expects to work with local partners to ramp up collection activities at the Empower Pilot Facility. Mr. Aidan Mills, President & CEO and Director of Northstar, stated “This is an exciting milestone for Northstar and our stakeholders, as it marks the start of diverting discarded asphalt shingles from the Vancouver landfill to our Empower Pilot Facility, allowing them to enter the circular economy and reduce greenhouse gas emissions from liquid asphalt production. We will work with our industry partners to increase shingle collection at the Empower Pilot Facility. This is an important step for our business model, as it will mark our ability to collect tipping fees, an important revenue stream for the business.” Other related developments from around the markets include: Owens Corning took an important step toward reaching its circular economy aspiration with the announcement of enhanced shingle recycling efforts. By 2030, the company intends to recycle two million tons of shingles per year in the U.S. “Owens Corning has a strong sustainability foundation and has set ambitious goals. This includes establishing circular economy business models that ensure materials in our products remain in the economy indefinitely. We are focused on bringing these breakthrough solutions to life as a critical next chapter of work in our sustainability journey,” said David Rabuano, Senior Vice President and Chief Sustainability Officer. “Our mission is to build a sustainable future through material innovation, and with this enhanced focus on shingle recycling we continue to make progress.” Lowe’s Companies reported net earnings of $154 million and diluted earnings per share (EPS) of $0.25 for the quarter ended Oct. 28, 2022, which included a pre-tax non-cash asset impairment charge of $2.1 billion related to its Canadian retail business, compared to diluted EPS of $2.73in the third quarter of 2021. Excluding the impairment charge, third quarter adjusted diluted EPS1 increased 19.8% to $3.27 compared to the prior year. Total sales for the third quarter were $23.5 billion compared to $22.9 billion in the third quarter of 2021, and comparable sales increased 2.2%. Comparable sales for the U.S. home improvement business increased 3.0% for the third quarter. Beacon Roofing Supply Inc. announced results for the third quarter ended September 30, 2022. “Beacon’s record third quarter results demonstrate our team’s focused execution and the resiliency of our business model in a dynamic environment,” said Julian Francis, Beacon's President & CEO. “We continued to deliver value to our customers, driving record third quarter net income and our 11th straight quarter of year-over-year increases in Adjusted EBITDA. At the same time, we continued making strategic investments toward achieving our Ambition 2025 growth and margin targets. We took an important step this week with the acquisition of Coastal Construction Products, one of the largest independent distributors of specialty waterproofing products in the U.S. The combination of Beacon’s specialty waterproofing branches in the West, and Coastal’s strong presence in the Southeast, creates a new national player in waterproofing products and significantly enhances our value proposition by providing a building envelope solution to our commercial and multifamily roofing customers. We also accelerated greenfield investments in several key markets, creating capacity, expanding our branch footprint and enhancing service to our core exteriors customers. Our balanced capital allocation demonstrates our commitment to creating shareholder value and confidence in our Ambition 2025 strategic plan. I am extremely pleased with our achievements in the third quarter and know the Beacon team remains prepared to quickly adapt to changing market conditions going forward as we help our customers build more.” Home Depot Inc., the world's largest home improvement retailer, reported sales of $38.9 billion for the third quarter of fiscal 2022, an increase of $2.1 billion, or 5.6 percent from the third quarter of fiscal 2021. Comparable sales for the third quarter of fiscal 2022 increased 4.3 percent, and comparable sales in the U.S. increased 4.5 percent. Net earnings for the third quarter of fiscal 2022 were $4.3 billion, or $4.24 per diluted share, compared with net earnings of $4.1 billion, or $3.92 per diluted share, in the same period of fiscal 2021, representing an 8.2 percent increase in diluted earnings per share. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Northstar Clean Technologies Inc. by Northstar Clean Technologies Inc. We own ZERO shares of Northstar Clean Technologies Inc. Please click here for full disclaimer. Contact: Ty Hoffer Winning Media281.804.7972[email protected]