“It is unequivocal that human influence has warmed the atmosphere, oceans, and land.” That is the clear conclusion from the Intergovernmental Panel on Climate Change. The news follows the first major review of the science surrounding climate change since 2013. The timing of the news release is clear as a major Glasgow, Scotland climate change summit called COP26 nears. It’s also a wake-up call for clean energy stocks.
The UN chief called the report a “code red for humanity” and several of its findings point to reasons for serious concern. According to the report, the last five years have been the hottest on record since 1850 and recent rates of sea level rise have nearly tripled compared to 1901-1971.
The report concludes that it is very likely, 90% certain, that human influence is the main driver of retreating glaciers since 1990 and decreasing arctic sea ice.
The alarming conclusions of the report were tempered by news that it isn’t too late to reverse the damage. UN Secretary General Antonio Guterres was clear: “If we combine forces now, we can avert climate catastrophe. But, as today’s report makes clear, there is no time for delay and no room for excuses.”
Hot Clean Energy Stocks To Own For 2023: BlackRock Multi-Sector Income Trust(BIT)
BlackRock Multi-Sector Income Trust is a closed-end management investment company. The Trust’s primary investment objective is to seek high current income, with a secondary objective of capital appreciation. The Trust seeks to achieve its investment objective by investing, under normal market conditions, approximately 80% of its assets in loan and debt instruments and other investments. It may invest directly in such securities or synthetically through the use of derivatives. Its portfolio of investments include corporate bonds, non-agency mortgage-backed securities, asset-backed securities, preferred securities, floating rate loan interests, foreign agency obligations and short-term securities. It invests in sectors, such as aerospace and defense, auto components, banks, building products, commercial services and supplies, construction materials, electric utilities, food and staples retailing, media and household durables. The Trust’s investment advisor is BlackRock Advisors, LLC. Advisors’ Opinion:
- [By Ethan Ryder]
Northwestern Mutual Wealth Management Co. increased its stake in Blackrock Multi-Sector Income Trust (NYSE:BIT) by 23.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,769 shares of the investment management company’s stock after purchasing an additional 15,675 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.22% of Blackrock Multi-Sector Income Trust worth $1,415,000 at the end of the most recent quarter.
- [By Max Byerly]
BitRewards (CURRENCY:BIT) traded 7.8% lower against the US dollar during the 24-hour period ending at 19:00 PM E.T. on August 13th. One BitRewards token can now be purchased for approximately $0.0017 or 0.00000027 BTC on exchanges including IDEX and HitBTC. BitRewards has a total market capitalization of $414,691.00 and $106,200.00 worth of BitRewards was traded on exchanges in the last 24 hours. Over the last week, BitRewards has traded down 31.6% against the US dollar.
Hot Clean Energy Stocks To Own For 2023: InfuSystems Holdings, Inc.(INFU)
InfuSystem Holdings, Inc., incorporated on August 15, 2005, is a provider of infusion pumps and related products and services for patients in the home, oncology clinics, ambulatory surgery centers and other sites of care. The Company delivers local, field-based customer support and also operates pump service and repair Centers of Excellence in Michigan, Kansas, California, Texas and Ontario, Canada. The Company’s core service is to supply electronic ambulatory infusion pumps and associated disposable supply kits to oncology clinics, infusion clinics and hospital outpatient chemotherapy clinics for the treatment of a range of cancers, including colorectal cancer, pain management and other disease states (Oncology Business). In addition, the Company sells or rents new and pre-owned pole mounted and ambulatory infusion pumps to, and provides biomedical recertification, maintenance and repair services for oncology practices, as well as other alternate site settings, including home care and home infusion providers, skilled nursing facilities, pain centers and others. The Company also provides these products and services to customers in the hospital market. The Company repairs, refurbishes and provides biomedical certification for the devices as needed. The Company operates through subsidiaries, including InfuSystem Holdings USA, Inc. (Holdings), InfuSystem, Inc. (ISI), First Biomedical, Inc. (First Biomedical) and IFC, LLC (IFC).
The Company bills and collects payment from payers and patients for the use of the pumps, after providing ambulatory pumps to oncology offices, infusion clinics and hospital and outpatient chemotherapy clinics. After a physician determines that a patient is eligible for ambulatory infusion pump therapy, the physician arranges for the patient to receive an infusion pump and provides the necessary chemotherapy drugs. The physician and nursing staff train the patient in the use of the pump and initiate service. The physician bills the payers, which include Medicare, Medicaid, third party payer companies or patients for the physician’s professional services associated with initiating and supervising the infusion pump administration, as well as the supply of drugs. The Company directly bills payers and patients for copays and deductibles for the use of the pump and related disposable supplies. Billing to payers requires coordination with patients and physicians who initiate the service, as physicians’ offices must provide it with paperwork (patient’s insurance information, physician’s order, an acknowledgement of benefits that shows receipt of equipment by the patient, and, in some cases, physician’s progress notes) in order for the Company to bill the payers. The Company provides assistance to those that cannot afford its pumps through a program that matches what the physician practices provide as long as the uninsured patients meet certain criteria.
The Company provides patients with around the clock service and support. Physicians use its services to outsource the capital commitment, pump service, maintenance and billing and administrative burdens associated with pump ownership. The Company provides methods for the physician offices to deliver the paperwork for billing through a number of electronic means, including EXPRESS and InfuConnect. Its pumps are available for daily, weekly, monthly or annual rental periods. The Company also provides biomedical maintenance, repair and certification services for the devices it offers, as well as for devices owned by customers. The Company also offers electronic ambulatory infusion pumps for post-operative pain management using its pumps along with a numbing agent and a continuous nerve block catheter, continuous peripheral nerve block (CPNB).
Advisors’ Opinion:
- [By Shane Hupp]
InfuSystem Holdings Inc (NYSEAMERICAN:INFU) Director Scott Shuda bought 9,548 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The stock was acquired at an average price of $3.23 per share, for a total transaction of $30,840.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
- [By Max Byerly]
LSV Asset Management cut its holdings in InfuSystem Holdings Inc (NYSEAMERICAN:INFU) by 22.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,200 shares of the medical instruments supplier’s stock after selling 36,400 shares during the quarter. LSV Asset Management owned approximately 0.54% of InfuSystem worth $437,000 at the end of the most recent quarter.
Hot Clean Energy Stocks To Own For 2023: IEC Electronics Corp.(IEC)
IEC Electronics Corp., together with its subsidiaries, provides electronic contract manufacturing services in the United States. It specializes in the custom manufacture of circuit boards and system-level assemblies; various cable and wire harness assemblies; and precision metal components. The company offers its assemblies for use in various products, such as aerospace and defense systems, medical devices, industrial equipment, and transportation products. It serves aerospace and defense, medical, industrial, communications, and other sectors through a direct sales force, as well as through a network of manufacturers representatives. The company was founded in 1966 and is headquartered in Newark, New York.
