This month, we’re dropping three stocks from the EIA Model Portfolio: The second half of our original position in Brookfield Renewable Partners (TSX: BEP-U, NYSE: BEP), Northland Power Inc (TSX: NPI, OTC: NPIFF) and Texas Instruments (NYSE: TXN). In their places, over the next few weeks we’ll be tapping into stocks of companies positioned to take advantage of the next upleg of the energy price cycle.

All three of these stocks served us well while energy prices were trending downward. Despite being underwater by roughly -14 percent in 2021, the one-half position we continued to hold in contract renewable power producer Brookfield nonetheless generated a total return of 300 percent plus from our entry point in September 2013.

Northern Power returned almost 100 percent from entry in November 2017, also despite a -14 percent return in 2021. And Texas Instruments gained almost as much from our initial buy in May of 2018.