$2.3 billion Electron Capital's renewable energy bets paid off last year. The firm is banking on Biden's green energy and infrastructure plans to give it another boost.
Monday, 10 May 2021, 19:20:58
Summary List Placement Count Electron Capital is one of the many firms leaning into ESG as President Joe Biden's administration takes hold. The $2.3 billion hedge fund has long been an infrastructure and utilities investor, run by former SAC Capital portfolio manager Jos Shaver, and many of its top holdings still include legacy energy players like PG&E. But the firm's banner year last year, sources say, was driven by renewable energy companies, and the manager is expecting interest to only increase in the space as the Biden administration sets its policies. The fund returned 37.7% last year, and has made 6.3% through April this year, a recent factsheet states. The average hedge fund was up 11.8% and 8.7%, respectively, according to Hedge Fund Research. Last year was the best on record for Electron, according to the factsheet. The firm's renewable bets are no small wagers either. Among the firm's top positions are investments into solar battery-maker Sunnova Energy International and NextEra Energy, which generates the most wind and solar energy of any company in the world.
— Business Insider
RBC Capital Stick to Their Hold Rating for PG&E By Investing.com
Wednesday, 21 April 2021, 03:54:13
RBC Capital Stick to Their Hold Rating for PG&E
— Investing.com
Morgan Stanley Stick to Their Hold Rating for PG&E By Investing.com
Tuesday, 20 April 2021, 18:41:33
Morgan Stanley Stick to Their Hold Rating for PG&E
— Investing.com
California utility PG&E facing criminal charges over the state's largest 2019 wildfire
Wednesday, 7 April 2021, 13:43:22
Criminal charges have been filed against the Pacific Gas and Electric Company over the 2019 Kincade Fire in California.
— CNN
PG&E Charged With Crimes in 2019 California Wildfire
Wednesday, 7 April 2021, 00:18:16
A district attorney filed five felony and 28 misdemeanor counts in connection with the Kincade Fire, which ravaged Sonoma County.
— New York Times
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