This FTSE 100 stock’s slumped 20%! Should you buy its 13.5% dividend yield in an ISA?

first_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Royston Wild | Tuesday, 3rd March, 2020 | More on: IMB Image source: Getty Images. Coronavirus fears still have stock pickers in defence mode. The FTSE 100’s still planted around recent 14-month highs and recent news flow suggests that another plunge lower could be around the corner.But it’s not the only issue that threatens to punish stock markets in the coming days, weeks and months.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Post-Brexit trade talks officially begin today between London and Brussels, a likely-bumpy process that could damage investor sentiment further. The threat of an epidemic also means that key European economies could fall into recession. And large question marks remain over the state of US and Chinese trade relations too.CheapFootsie share Imperial Brands (LSE: IMB) has suffered badly in recent sessions. It shed a fifth of its value in February as the COVID-19 outbreak smashed market sentiment.It’s possible that fresh falls could be around the corner, naturally. But could ignoring the tobacco titan at current prices be akin to looking the proverbial gift horse in the mouth? Right now it trades on a forward P/E ratio of 6 times and carries a 13.5% dividend yield for 2020.Cigarette manufacturers like this were long considered the safe-haven stocks to buy along with utilities, defence and healthcare stocks. The addictive nature of tobacco products could be relied upon to keep growing annual earnings whatever the weather. What’s more, Imperial Brands’s industry-leading labels like Davidoff and Gauloises added an extra layer of strength to its profits visibility. So why does it continue to sink?CheerlessFor its loyal customers, Imperial Brands’s cartons remain essential purchases, regardless of broader social, economic and political factors. The problem is that regulatory action has significantly shrunk the size of this group over the past decade.Public smoking bans, and curbs on the sale and marketing of tobacco products across the globe have seen smokers turning their backs on Big Tobacco and discouraged young people from taking up the habit. The same health concerns over vaporisers (and similar products) have cast doubts around Imperial’s ability to offset a declining cigarette market too.Set to keep sinking?Last month’s financials illustrated the colossal difficulties the FTSE 100 stock faces. Then it said that net revenues would likely flatline in the current financial year (to September 2020) and adjusted earnings per share would likely fall.The reason? Imperial Brands said that “the US FDA’s ban on certain flavours of cartridge-based vapour devices and weaker than expected consumer demand for vapour” would hit business in the near term. I’m not convinced that turnover will rebound any time soon either, given growing health concerns over the likes of its blu e-cigarette and the steady decline of its traditional tobacco market.In this climate, it’s no surprise that investors looking for safe havens are buying other stocks. Annual earnings growth has steadily slowed in recent years. And City analysts expect profits to finally fall in fiscal 2020 (they predict a 5% drop). Imperial Brands has lost almost two-thirds of its value during the past three years. I fully expect it to keep sinking too. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended Imperial Brands. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. “This Stock Could Be Like Buying Amazon in 1997” Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!center_img This FTSE 100 stock’s slumped 20%! Should you buy its 13.5% dividend yield in an ISA? Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Enter Your Email Address Our 6 ‘Best Buys Now’ Shares See all posts by Royston Wildlast_img read more

GMP to build solar array in Berlin, largest in northern New England

first_imgGreen Mountain Power customers will be especially happy to see the sun shine in Berlin, Vermont, where the Company will build the largest solar array in Northern New England. At 200 kilowatts, the new array will be the largest project in Vermont when it is built this summer.”Building a large solar generator is an important step towards reaching our vision of supplying customers with power that has low carbon emissions, low cost and high reliability,” said Mary Powell, president and chief executive officer of Green Mountain Power. “Solar power is extremely low in emissions, and perhaps best of all, with the help of declining solar costs, grants and tax credits, this project will be cost effective for our customers.”The solar generator will be located on Green Mountain Power property west of Montpelier on a site that is ideal for a solar installation, with open space and good sun.Using a competitive bid process, Green Mountain Power has chosen Alteris Renewables (formerly SolarWorks and Solar Wrights) of Montpelier, Vermont, to build the plant. “We very consciously bid the project among Vermont companies so this project would support our green economy and create jobs here at home,” said Ms. PowellThe permitting process has begun and the project is expected to be completed this summer. “This solar plant will be an important milestone for Vermont in terms of realizing cost-effective, utility scale solar generation,” said Leigh Seddon, vice president of Alteris Renewables.The Berlin project will be Green Mountain Power’s third solar installation. The Company recently installed a 58-kilowatt solar power system at GMP’s Westminster, Vermont, service center, which supplies 80 percent of that facility’s electricity needs. It also has four-kilowatt solar panels at its Colchester headquarters, which provide enough electricity to power its two plug-in hybrid vehicles.Green Mountain Power will develop a website with generation data about the plant, which will be accessible to the public and particularly useful to school groups who study renewable energy and choose to tour the site.”In Vermont, we are always happy to see the sun shine,” said Ms. Powell. “This gives us one more reason to rejoice on a sunny day.”About Green Mountain PowerGreen Mountain Power (www.greenmountainpower.com(link is external)) transmits, distributes and sells electricity and utility construction services in the State of Vermont in a service territory with approximately one quarter of Vermont’s population. It serves more than 200,000 people and businesses.About Alteris RenewablesFormed when SolarWrights, Inc, and Solar Works, Inc joined forces in October of 2008, Alteris Renewables is a full service renewable energy systems integrator and project developer. The company provides solar electric (photovoltaic), solar thermal, and wind energy solutions for commercial, residential, education, municipal and institutional clients. The company has industry leading expertise in engineering, design, project management, performance analysis, project financing and renewable energy credit programs. For more information, please visit www.alterisinc.com(link is external).COLCHESTER, VT–(Marketwire – April 06, 2009) -Highlighted LinksGreen Mountain PowerAlteris Renewableslast_img read more