Plby Group Inc
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Consumer Discretionary : Textiles, Apparel & Luxury Goods | Small Cap Growth
Company profile

PLBY Group, Inc., formerly Mountain Crest Acquisition Corp, is a leisure lifestyle company and owner of Playboy brand. The Company is principally engaged in connecting consumers around the world with products, services, and experiences. It has three reportable segments: Licensing, which includes licensing of Playboy brands to third parties; Direct-to-Consumer, including sales of third-party products through its owned-and-operated ecommerce platforms; and Digital Subscriptions and Content, including the sale of subscriptions to Playboy programming and trademark licensing for online gaming products. The Company's products are classified under four market categories: Sexual Wellness, including intimacy products and lingerie; Style and Apparel, including a variety of apparel and accessories products for men and women; Gaming and Lifestyle, such as digital gaming, hospitality and spirits; and, Beauty and Grooming, including fragrance, skincare, grooming and cosmetics for women and men.

Closing Price
$22.94
Day's Change
0.06 (0.26%)
Bid
--
Ask
--
B/A Size
--
Day's High
23.50
Day's Low
22.71
Volume
(Heavy Day)
Volume:
1,909,836

10-day average volume:
792,802
1,909,836

20 stocks for maximum growth as the world switches to clean energy

8:35 am ET August 14, 2021 (MarketWatch)
Print

By Philip van Doorn

A landmark U.N. climate report is urging policy makers to reduce carbon output. These companies operate in industries aiming to do just that.

If you would like your investments to help protect the Earth, you might as well go in for the long term and try to make a lot of money as companies specializing in low-emissions and sustainable energy technologies grow.

Below is a screen of alternative-energy companies expected to produce the fastest revenue growth over the next three years.

The United Nations Intergovernmental Panel on Climate Change released its new report on climate change Aug. 9 and said that the past decade had been the warmest over the past 125,000 years. Here are five quick takeaways from the U.N. IPCC's report (https://www.marketwatch.com/story/5-quick-takeaways-from-the-uns-ipcc-climate-report-including-signs-that-theres-enough-time-for-change-11628520916?mod=mw_latestnews). You can read the IPICC's summaries and download the entire report here (https://www.ipcc.ch/report/ar6/wg1/).

Climate change is a controversial subject, but regardless of your opinion about governments' responsibility, as an investor you need to move toward lower emissions, more sustainable power sources, smart electric grids, among other things. Changing your portfolio with the times gives you an opportunity to profit as innovative companies grow quickly.

A diversified investment in one or more exchange traded funds focused on clean energy is one way to do this -- it also sets the basis for the stock screen that follows.

Here are the largest five alternative energy ETFs listed by ETF Database (https://etfdb.com/etfdb-category/alternative-energy-equities/).

To begin the screen, we looked at the five largest cloud ETFs:

ETF  Assets ($mil)  Expense ratio  Holdings  Strategy 
iShares Global Clean Energy ETF ICLN  $6,117  0.42%  83  Tracks a market cap-weighted index of global clean energy companies, with weighting modified by a an exposure score. 
Invesco Solar ETF TAN  $3,480  0.69%  56  Tracks an index of global solar energy companies, "this cutting out much of the broader renewable energy market," according to FactSet. The portfolio is weighted to emphasis pure-play solar companies. 
First Trust Nasdaq Clean Edge Green Energy Index Fund QCLN  $2,693  0.60%  53  Tracks a market-cap-weighted index of U.S. clean energy companies. 
ALPS Clean Energy ETF ACES  $953  0.55%  40  Tracks an index of clean energy companies listed in the U.S. and Canada. Portfolio is weighted by market capitalization, subject to a 5% maximum. 
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index ETF GRID  $449  0.70%  70  Tracks a market-cap-weighted index of global companies in the smart grid and electric infrastructure industries. 
Source: FactSet 

These ETFs have varying strategies, and definitions of alternative or clean energy companies may be broad. For example, electric-vehicle maker Tesla Inc. (TSLA) also makes solar-power-generation equipment and is held by QCLN, ACES and GRID. Rival EV makers Nio Inc. (NIO) and Xpeng Inc. (XPEV) are held by QCLN.

If you are interested in any ETF, you should review the fund manager's website.

ETF Database says solar energy is the most common industry among companies held by ETFs in the alternative energy category, but that "wind, hydroelectric and geothermal energies are also represented."

Here's a comparison of total returns for the five ETFs through Aug. 6:

ETF, index or sector  Total return -- 2021  Total return -- 2020  Total return -- 3 years  Total return -- 5 years  Total return -- 10 years 
iShares Global Clean Energy ETF ICLN  -18%  142%  166%  175%  128% 
Invesco Solar ETF TAN  -16%  234%  289%  324%  103% 
First Trust Nasdaq Clean Edge Green Energy Index Fund QCLN  -5%  184%  238%  351%  502% 
ALPS Clean Energy ETF ACES   -12%  140%  184%  N/A  N/A 
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index GRID  21%  49%  100%  178%  292% 
 
S&P 500 Index SPX   19%  18%  64%  124%  353% 
S&P 500 Energy Sector   34%  -34%  -23%  -10%  1% 
Source: FactSet 

Performance among these alternative energy ETFs is mixed, but for the three- and five-year periods, all handily beat the returns of the S&P 500 Index .

Clean-energy stock screen

The five ETFs listed above hold a total of 204 stocks. To project the growth of revenue through 2023, we used calendar 2020 estimates among analysts polled by FactSet as a baseline and then looked at consensus estimates for the subsequent three years, if available. (The 2020 numbers are estimates, because many companies' fiscal years don't match the calendar.)

We emphasized revenue because many of these companies are at early stages and are focused on developing products and services and growing their businesses, rather than showing net income.

To ensure a quality set of estimates, we limited the group of companies to those covered by at least five analysts polled by FactSet. For a slight cut to risk, we also eliminated any company with less than $10 million in estimated revenue during calendar 2020. The available set of data brought the list down to 135 companies.

Here are the 20 companies projected to have the highest compound annual growth rates (CAGR) for revenue through calendar 2023:

Company  Country  Estimated revenue -- 2020  Estimated revenue -- 2021  Estimated revenue -- 2022  Estimated revenue -- 2023  Projected three-year revenue CAGR  Held by 
XPeng Inc. ADR Class A XPEV  China  $896  $2,488  $4,437  $6,810  96.6%  QCLN 
Meyer Burger Technology A.G. CH:MBTN  Switzerland  $101  $111  $296  $521  73.0%  ICLN, TAN 
Nio Inc. ADR Class A NIO  China  $2,517  $5,457  $9,072  $12,902  72.4%  QCLN 
Solaria Energia y Medio Ambiente S.A. ES:SLR  Spain  $70  $123  $222  $293  61.1%  ICLN, TAN 
Greenlane Renewables Inc. CA:GRN  Canada  $18  $37  $50  $66  53.4%  ACES 
McPhy Energy S.A. FR:MCPHY  France  $17  $17  $28  $59  53.2%  ICLN 
Xebec Adsorption Inc. CA:XBC  Canada  $45  $94  $134  $156  51.6%  ACES 
Nel ASA NO:NEL  Norway  $77  $104  $161  $253  48.7%  ICLN 
Renova Inc. JP:9519  Japan  $188  $257  $304  $591  46.5%  ICLN, TAN 
Niu Technologies ADR Class A NIU  China  $375  $625  $906  $1,155  45.6%  QCLN 
Shoals Technologies Group Inc. Class A SHLS  U.S.  $175  $237  $356  $525  44.1%  ICLN, TAN, ACES 
FuelCell Energy Inc. FCEL  U.S.  $71  $81  $133  $210  43.5%  ICLN, QCLN 
Sunnova Energy International Inc. NOVA  U.S.  $161  $237  $343  $465  42.4%  ICLN, TAN, QCLN, ACES 
Enphase Energy Inc. ENPH  U.S.  $774  $1,336  $1,796  $2,232  42.3%  ICLN, TAN, QCLN, ACES, GRID 
Flat Glass Group Co. Ltd. Class H HK:6865  China  $951  $1,424  $2,077  $2,730  42.1%  ICLN, TAN 
Aemetis Inc. AMTX  U.S.  $166  $223  $301  $470  41.5%  ACES 
Doosan Fuel Cell Co. Ltd. KR:336260  South Korea  $412  $424  $774  $1,145  40.6%  ICLN 
Grenergy Renovables S.A ES:GRE  Spain  $122  $174  $258  $331  39.3%  TAN 
Tesla Inc. TSLA  U.S.  $31,536  $50,043  $67,624  $82,515  37.8%  QCLN, ACES, GRID 
Daqo New Energy Corp. ADR DQ  China  $676  $1,468  $1,574  $1,528  31.2%  ICLN, TAN, QCLN 
Source: FactSet 

Click on the tickers for more about each company.

The following table includes price-to-earnings ratios based on current market capitalizations and consensus net income estimates for calendar 2022 (if they are more than zero) and price-to-sales ratios based on market caps and consensus revenue estimates for calendar 2022.

All numbers feeding the P/E and price-to-sales ratios are in U.S. dollars.

The table also includes summaries of analysts' opinions about the stocks, with share prices and price targets in local currencies where the stocks are listed.

Company  Price/ consensus 2022 earnings (if applicable)  Price/ consensus 2022 revenue  Share "buy" ratings  Closing price -- Aug. 6  Consensus price target   Implied 12-month upside potential 
XPeng Inc. ADR Class A XPEV  N/A  6.0  88%  41.22  48.89  19% 
Meyer Burger Technology A.G. CH:MBTN  N/A  4.4  71%  0.44  0.60  36% 
Nio Inc. ADR Class A NIO  N/A  6.6  80%  43.84  59.10  35% 
Solaria Energia y Medio Ambiente S.A. ES:SLR  31.2  10.5  60%  15.90  21.08  33% 
Greenlane Renewables Inc. CA:GRN  75.7  3.6  100%  1.57  2.91  85% 
McPhy Energy S.A. FR:MCPHY  N/A  18.8  67%  16.21  26.57  64% 
Xebec Adsorption Inc. CA:XBC  180.7  3.4  60%  3.77  5.36  42% 
Nel ASA NO:NEL  N/A  15.2  56%  14.94  24.53  64% 
Renova Inc. JP:9519  90.9  10.7  0%  4,595.00  3,678.00  -20% 
Niu Technologies ADR Class A NIU  21.5  1.7  83%  23.55  38.61  64% 
Shoals Technologies Group Inc. Class A SHLS  42.0  9.4  75%  32.72  40.92  25% 
FuelCell Energy Inc. FCEL  N/A  15.3  0%  6.33  8.13  28% 
Sunnova Energy International Inc. NOVA  N/A  11.7  88%  35.99  54.00  50% 
Enphase Energy Inc. ENPH  99.1  13.5  64%  179.74  200.55  12% 
Flat Glass Group Co. Ltd. Class H HK:6865  6.1  1.1  81%  41.00  33.60  -18% 
Aemetis Inc. AMTX  N/A  1.0  100%  9.27  30.50  229% 
Doosan Fuel Cell Co. Ltd. KR:336260  58.8  3.7  100%  49,950.00  67,230.86  35% 
Grenergy Renovables S.A ES:GRE  21.7  3.6  100%  27.95  46.55  67% 
Tesla Inc. TSLA  82.5  10.2  44%  699.10  694.96  -1% 
Daqo New Energy Corp. ADR DQ  6.9  2.7  77%  58.15  108.65  87% 
Source: FactSet 

-Philip van Doorn

	

(END) Dow Jones Newswires

August 14, 2021 08:35 ET (12:35 GMT)

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