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Good buy or goodbye? – Yahoo Finance
Why This Portfolio Manager Favors ExxonMobil Over First Solar
Today’s Good Buy or Goodbye segment features host Julie Hyman alongside Hennessy Energy Transition Portfolio Fund Manager Ben Cook. Together, they explore Cook’s top stock picks and top stocks to avoid in the energy sector. Cook singles out ExxonMobil (XOM) as his top stock pick for investors, citing several key factors. He praises the company’s integrated business model, stating that it “provides flexibility to generate consistent financial results through the cycle.” Cook also notes ExxonMobil’s success in creating growth opportunities “through acquisitions and the drilling business.” Additionally, he describes the company as “the best in the industry” at returning capital to shareholders, emphasizing its attractive “cash return profile.” On the other hand, Cook advises investors to stay away from First Solar (FSLR), citing several risk factors. He notes that the company’s revenue generation is heavily dependent on “policy safeguards,” which are subject to change with different presidential administrations. Cook also highlights the challenges of the energy transition, noting its “uneven pace,” with reliability and cost being the main concerns. Finally, he mentions that First Solar has been negatively impacted by the high interest rate environment. For more expert insights and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith