Ryan Kelley, chief investment officer at fund manager Hennessy Funds, does not like risk. So when major utilities began to announce sales of their unregulated renewable energy assets about midway through the COVID-19 pandemic, he was rather pleased by the news.
“Utilities are that excellent space where they will tell you, here is our plan for the next five years, and they will mainly make those projections,” Kelley said. “Some people call that boring. But at the end of the day, I like boring.”
