7.9% Div Yield, 15% EBITDA Growth, FCF to EV of 16%
Spark Energy (NASDAQ: SPKE) delivers electricity and natural gas to its customer base which includes residential and commercial customers across 19 different states in the US. With significant room for organic growth and the company’s strategy of acquisitions over the last few years, we believe Spark Energy should continue growing well in the medium term. We estimate 2020 adjusted EBITDA growth of 15.2% YoY. This growth, coupled with a compelling dividend yield of 7.9% and 2020 FCF to EV of 15.8%, we believe, offers