In this article, we will take a look at the 10 new stocks to buy in 2021 according to Jos Shaver’s Electron Capital. You can skip our detailed analysis of Electron Capital’s history, investment philosophy, and hedge fund performance, and go directly to the 5 New Stocks to Buy According to Jos Shaver’s Electron Capital.
Based in New York, Electron Capital Partners is a hedge fund advisor that concentrates on infrastructure and utility-based stocks. The hedge fund was relaunched in 2013 by James Oscar Shaver also known as Jos Shaver. He is currently the portfolio manager of Electron Capital Partners.
Jos Shaver holds a BA degree in Mathematical Economics from Colgate University. He has done his MBA from Columbia Business School, majoring in Finance and Accounting. Before joining Electron Capital, Jos Shaver worked for SG Barr Devlin as Senior Investment Banker.
As of the second quarter of 2021, Electron Capital Partners has a portfolio value of $2.06 billion.
The top three holdings of the hedge fund include AES Corp (NYSE:AES), Exelon Corporation (NASDAQ:EXC), and PG&E Corporation (NASDAQ:PCG). Electron Capital also has a considerable investment in BlackBerry Limited (NYSE:BB).
Our Methodology
This list was compiled after analyzing the new picks of Electron Capital Partners in the second quarter of 2021. The hedge fund initiated new positions in these stocks in the second quarter.
Why should we pay attention to hedge funds’ stock picks? Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021, our monthly newsletter’s stock picks returned 186.1%, vs 100.1% for the SPY. Our stock picks outperformed the market by 86 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.
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10 New Stocks to Buy in 2021 According to Jos Shaver’s Electron Capital
10. A. O. Smith Corporation (NYSE:AOS)
Electron Capital Partners’ Stake Value: $17.64 million
Percent of Electron Capital Partners’ Portfolio: 0.85%
Number of Hedge Fund Holders: 26
O. Smith Corporation (NYSE:AOS), a manufacturer of residential and commercial electric and gas appliances products, is based in Wisconsin.
26 out of the 873 hedge funds have stakes worth $584 million in A. O. Smith Corporation (NYSE:AOS) as tracked by Insider Monkey in the second quarter of 2021.
On October 5, 2021, Baird upgraded its rating on A. O. Smith Corporation (NYSE:AOS) to “Outperform” from “Neutral” and raised its price tag to $85 from the previously announced $82.
9. Denbury Inc. (NYSE:DEN)
Electron Capital Partners’ Stake Value: $20.69 million
Percent of Electron Capital Partners’ Portfolio: 1%
Number of Hedge Fund Holders: 29
Denbury Inc. (NYSE:DEN) is based in Texas and works in the oil and gas industry by exploring and producing oil from the Gulf coasts. The company reported revenue of $301 million in the second quarter of 2021, reporting a 155% increase on a YoY basis in the quarterly revenue.
In the second quarter, Denbury Inc. (NYSE:DEN) has investments from 29 hedge funds, according to the database of Insider Monkey, valued at $996 million. With 4.42 million shares valued at $339 million, Silver Point Capital is the biggest hedge fund investor in the company.
Denbury Inc. (NYSE:DEN) has a “Buy” rating from MKM Partners and a price target of $96. The company’s initiative to support carbon-capturing technologies is supporting the positive growth of the company.
In the second quarter, the company reported an EPS of $0.61, beating the market estimates by $0.13.
Like Exelon Corporation (NASDAQ:EXC), PG&E Corporation (NASDAQ:PCG), and BlackBerry Limited (NYSE:BB), A. O. Smith Corporation (NYSE:AOS) is under the radar of Electron Capital.
8. Vistra Corp. (NYSE:VST)
Electron Capital Partners’ Stake Value: $21.7 million
Percent of Electron Capital Partners’ Portfolio: 1.04%
Number of Hedge Fund Holders: 32
Vistra Corp. (NYSE:VST) is based in Texas and provides its services in the utility industry. The company is engaged in delivering electricity and natural gas to residential, commercial, and industrial consumers. It serves 4.5 million customers nationwide with a power generation capacity of 38,700 megawatts. The company has operations in 20 states of the US.
On September 17, 2021, Morgan Stanley raised its price target on Vistra Corp. (NYSE:VST) to $29 from $27, keeping an “Overweight” rating.
At the end of the second quarter of 2021, Electron Capital Partners holds 1.16 million shares in Vistra Corp. (NYSE:VST), worth $21.7 million. Vistra Corp. (NYSE:VST) accounts for 1.04% of the 13F portfolio.
7. CSX Corporation (NYSE:CSX)
Electron Capital Partners’ Stake Value: $26.93 million
Percent of Electron Capital Partners’ Portfolio: 1.3%
Number of Hedge Fund Holders: 56
CSX Corporation (NYSE:CSX) is a Florida-based company with operations in the railroad industry. The company provides freight transportation in the US and Canada. The company has a railroad network of 19,500 miles.
On September 17, 2021, RBC Capital downgraded its rating of CSX Corporation (NYSE:CSX) to “Perform” from “Outperform,” reducing the price target to $32 from $37.
At the end of the second quarter of 2021, Electron Capital Partners holds 839,484 shares in CSX Corporation (NYSE:CSX), worth $26.9 million.
CSX Corporation (NYSE:CSX) is one of the noteworthy additions to Electron Capital’s 13F portfolio like Exelon Corporation (NASDAQ:EXC), PG&E Corporation (NASDAQ:PCG), and BlackBerry Limited (NYSE:BB).
6. Zimmer Energy Transition Acquisition Corp. (NASDAQ:ZTAQU)
Electron Capital Partners’ Stake Value: $30.5 million
Percent of Electron Capital Partners’ Portfolio: 1.47%
Number of Hedge Fund Holders: N/A
Zimmer Energy Transition Acquisition Corp. (NASDAQ:ZTAQU) is based in New York and was formed as a special purpose acquisition company to affect a merger, asset acquisition, or business combination. Incorporated in 2021, Stuart Jason Zimmer is the Chairman and CEO of the company.
Zimmer Energy Transition Acquisition Corp. (NASDAQ:ZTAQU) went public in June 2021 and raised $345 million through its initial public offering. The company is searching for target businesses operating in the energy industry, focusing on energy transition and sustainability in North America.
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Disclosure. None. 10 New Stocks to Buy in 2021 According to Jos Shaver’s Electron Capital is originally published on Insider Monkey.
