EVA - Enviva Partners, LP

NYSE - NYSE Delayed Price. Currency in USD
29.80
-0.05 (-0.17%)
At close: 4:02PM EST
Stock chart is not supported by your current browser
Previous Close29.85
Open29.85
Bid29.00 x 1000
Ask34.00 x 800
Day's Range29.39 - 30.12
52 Week Range25.01 - 33.20
Volume70,365
Avg. Volume55,700
Market Cap789.062M
Beta (3Y Monthly)0.55
PE Ratio (TTM)14,900.00
EPS (TTM)0.00
Earnings DateFeb 20, 2019 - Feb 25, 2019
Forward Dividend & Yield2.51 (8.52%)
Ex-Dividend Date2018-11-14
1y Target Est33.25
Trade prices are not sourced from all markets
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Source: Shutterstock ### Renewable Energy Stocks to Buy: Brookfield Renewable Partners (BEP) Brookfield Renewable Partners (NYSE:BEP) announced that it had increased its ownership (with partners) of TerraForm Power (NASDAQ:TERP) from 51% to 65% by purchasing an additional 61 million shares in a private placement. The investment will add $80 million annually to Brookfield Renewable's funds from operations. TerraForm Power generates 3,634 megawatts of solar and wind power around the globe with 65% right here in the U.S., another 26% in Europe, and the remainder from facilities in Canada, Chile and Uruguay. Brookfield Renewable worldwide has 843 renewable power facilities in North America, Latin America and Europe capable of producing 16,300 megawatts of power annually. In North America alone its renewable energy facilities generate enough electricity to power 2 million homes. If you want to own more than renewable energy assets, you might consider Brookfield Asset Management (NYSE:BAM) which owns 61% of BEP and is one of the world's largest alternative asset managers. * 10 Stocks You Can Set and Forget (Even In This Market) If I could only own one company's stock, Brookfield Asset Management would be at the top of my list. Source: russellstreet via Flickr ### Renewable Energy Stocks to Buy: TransAlta (TAC) Like Brookfield Renewable, it could be more attractive to U.S. investors to buy TransAlta Corporation (NYSE:TAC) rather than its 64%-owned renewable energy subsidiary TransAlta Renewables (TSE:RNW), which trades on the Toronto Stock Exchange. TransAlta Renewables pays approximately CAD 150 million in dividends annually to its parent from the free cash flow generated from wind-power facilities in the U.S. and Canada that have the capacity to produce 1,248 megawatts of power and 49% of its annual cash flow along with natural gas-fired power generation that delivers 47% of its annual cash flow with hydroelectric facilities providing the rest. TransAlta Renewables is in the process of strengthening its balance sheet. Over the past two years, it has cut CAD$900 million of its debt, which should result in the company's free cash flow doubling over the next three years. The company currently pays a monthly dividend of CAD$0.07833, which works out to CAD 94 cents and a yield of 8.7%. By buying the parent, you're giving yourself a little more safety but a much lower dividend yield. Although there are risks to owning Canada's largest generator of wind power, if you're an aggressive investor, I'd go with RNW. Source: Stiller Beobachter via Flickr ### Renewable Energy Stocks to Buy: Enviva (EVA) This is probably the least sexy stock you could buy in the renewable energy sector, but Enviva Partners (NYSE:EVA) is a good one nonetheless. Eviva is the world's largest producer of wood pellets, producing over three million metric tons each year from seven plants in the Southeastern part of the U.S. The pellets themselves are sold to utilities in the U.K. and Europe that use them in place of coal to produce a cleaner electricity source. Thanks to wood pellet businesses in the south like Enviva, greenhouse gas emissions have been reduced (PDF), forests are growing and jobs have been created, providing a trio of benefits that are hard to beat. Enviva has long-term supply contracts that provide stable cash flows. Its current contracted backlog is $6 billion with nine years left on the average supply contract. In 2018, the company expects to generate at least $79.5 million in distributable cash flow resulting in distributions of at least $2.53 a share for an 8.8% yield. * 7 Retail Stocks to Buy for Winning the Online Battle If you're an income investor, Enviva is a very safe way to meet your annual income requirements. Source: Nick Allen via Flickr ### Renewable Energy Stocks to Buy: Renewable Energy Group (REGI) Renewable Energy Group (NASDAQ:REGI) is another simple yet attractive businesses turning vegetable oils and animal fats into diesel fuel. Whenever you see one of those trucks sucking out the grease traps at a restaurant, it's going to one of Renewable Energy's 13 biomass refineries to be turned in diesel fuel. The company has the capacity to produce 575 million gallons of diesel fuel annually, 70% of which is sold to major travel centers and fuel marketers. The demand for biodiesel is tremendous. California, Texas, New York and seven other states demand 1.5 billion gallons of the stuff in 2018, up from 1.15 billion in 2016. In Q3 2018, Renewable Energy sold 178.8 million gallons of biodiesel generating $597.8 million in revenue and $34.58 million in adjusted EBITDA. The company's adjusted EBITDA in the quarter was the highest in the past five years. Add in the benefit from biomass tax credits and the quarterly adjusted EBITDA profit jumps to $60 million, 50% higher than in the same quarter a year ago. Although its stock has had a strong 2018, up 124% year-to-date, I believe it has got room to move into the $30s on rising demand. Source: Dave via Flickr (Modified) ### Renewable Energy Stocks to Buy: TPI Composites (TPIC) What is one of the main ingredients needed for wind power? Wind, of course, but you also need turbine blades to generate that power. TPI Composites (NASDAQ:TPIC) is the largest independent manufacturer of composite wind blades for turbine manufacturers. 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Source: Susann Nilsson via Flickr ### Renewable Energy Stocks to Buy: Siemens (SIEGY) This last one gives you exposure to a global industrial player in Siemens (OTCMKTS:SIEGY) which, amongst its many ventures, owns 59% of Siemens Gamesa Renewable Energy (OTCMKTS:GCTAF), the world's largest producer of wind turbines. Siemens Gamesa sells its turbines to both onshore and offshore wind farms around the world. In June, Siemens Games announced that it will supply 70 units of its Onshore OptimaFlex wind turbines to three onshore wind farms in Norway. The turbines will provide approximately 294 megawatts of power and have a 25-year lifetime. In Norway alone, Siemens Gamesa's turbines provide more than 500 megawatts of power with another 390 megawatts under installation. Now multiply that by how many countries around the world and you get a total installed base of 85 gigawatts of power generated from its wind turbines. In the first six months of fiscal 2018, Siemens Gamesa wind turbine sales of $4.4 billion and $375 million in earnings before interest and taxes. As of this writing, Will Ashworth did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy for Winning the Online Battle * The 7 Best Stocks in the Entrepreneur Index * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post 7 Renewable Energy Stocks to Buy for Sunny Long-Term Returns appeared first on InvestorPlace.

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  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of EVA earnings conference call or presentation 9-Nov-18 3:00pm GMT

    Q3 2018 Enviva Partners LP Earnings Call

  • This High-Yield Stock Delivered Strong Earnings Despite Hurricane Headwinds
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    This High-Yield Stock Delivered Strong Earnings Despite Hurricane Headwinds

    Investors would have forgiven Enviva Partners for hurricanes disrupting operations in the third quarter, but the company posted better results anyway.

  • Enviva Partners (EVA) Q3 2018 Earnings Conference Call Transcript
    Motley Fool2 months ago

    Enviva Partners (EVA) Q3 2018 Earnings Conference Call Transcript

    EVA earnings call for the period ending September 30, 2018.

  • Associated Press2 months ago

    Enviva Partners: 3Q Earnings Snapshot

    The Bethesda, Maryland-based company said it had net income of 43 cents per share. The master limited partnership posted revenue of $144.1 million in the period. Enviva Partners shares have increased 11 ...

  • Business Wire2 months ago

    Enviva Partners, LP Reports Financial Results for Third Quarter 2018 and Provides Guidance for 2019

    Enviva Partners, LP today reported financial and operating results for the third quarter of 2018.

  • Business Wire3 months ago

    Enviva Partners, LP Announces Thirteenth Consecutive Distribution Increase

    Enviva Partners, LP (EVA) announced today that the board of directors of its general partner declared a quarterly distribution of $0.635 per common unit for the third quarter of 2018. This distribution represents the Partnership’s thirteenth consecutive distribution increase and its distribution has grown at a 14.2 percent compound annual growth rate since its initial public offering. The quarterly distribution will be paid on Thursday, November 29, 2018 to unitholders of record as of the close of business on Thursday, November 15, 2018.

  • Business Wire3 months ago

    Enviva Announces Off-Take Contracts with Mitsubishi Corporation are Firm

    The company will be the sole supplier of imported wood pellet fuel to dedicated biomass power plant in Japan. Enviva announced today that the conditions precedent to the organization’s previously announced take-or-pay off-take contracts to supply 630,000 metric tons per year (MTPY) of wood pellets to a major Japanese customer have been satisfied and the agreements are now firm. Under the terms of the agreements with Mitsubishi Corporation, Enviva will be the exclusive, long-term imported biomass fuel supplier to the Aioi Bioenergy Corporation, a joint venture between Mitsubishi Corporation Power Ltd. And Kansai Electric Power Co, Inc., which is converting an existing oil-fired power plant to biomass.

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  • Business Wire3 months ago

    Enviva Partners, LP Increases Revolver Capacity and Extends Credit Facility

    Enviva Partners, LP announced that it has amended and restated its senior secured credit facility.

  • Business Wire3 months ago

    Enviva Partners, LP to Hold Conference Call for 2018 Third Quarter Financial Results

    Enviva Partners, LP will hold a conference call to discuss 2018 third quarter financial results on November 9th, 2018.

  • Business Wire3 months ago

    Enviva Partners, LP Reports Limited Damage From Hurricane Michael

    Enviva Partners, LP (EVA) (the “Partnership”) today reported that its facilities incurred only limited damage from Hurricane Michael. The Partnership undertook substantial preparation in advance of Hurricane Michael’s landfall to keep employees safe and minimize disruption, including proactively idling operations at its wood pellet production plant in Jackson County, Florida (the “Cottondale plant”) and a third-party deep-water marine terminal in Panama City, Florida (the “Panama City terminal”).

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  • Business Wire4 months ago

    Enviva Partners, LP’s Off-Take Contract with Marubeni Becomes Firm

    Enviva Partners, LP announced today that its previously disclosed take-or-pay off-take contract to supply 180,000 metric tons per year of wood pellets to Marubeni Corporation for fifteen years is now firm, as all conditions precedent to the effectiveness of the contract have been satisfied.

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  • Business Wire4 months ago

    Enviva Partners, LP Reports Minimal Hurricane Damage

    Enviva Partners, LP (EVA) (the “Partnership” or “we”) today reported that its facilities have incurred only minor damage from Hurricane Florence. The Partnership undertook substantial preparation in advance of Hurricane Florence’s landfall to keep employees safe and minimize disruption, including proactively idling operations at its production facility in Sampson County, North Carolina (the “Sampson Plant”) and its deep-water marine terminal (the “Wilmington Terminal”) in the North Carolina State Ports Authority’s (the “NCSPA”) Port of Wilmington.

  • Thomson Reuters StreetEvents5 months ago

    Edited Transcript of EVA earnings conference call or presentation 9-Aug-18 2:00pm GMT

    Q2 2018 Enviva Partners LP Earnings Call