Target Rock Advisors


Utilities Stand Out as Pillars of Sustainability

FierceEnergy : Thursday, April 4, 2013

Eight utilities are being recognized for their environmental stewardship, economic performance and contributions to society. Target Rock Advisors has identified these utilities for their performance and management of the classic pillars of sustainability in three categories -- large capitalization, mid-cap and small cap -- from a pool of 150 publicly traded energy utilities and related organizations. [read more]

PG&E Ranked Among Top Utilities For Sustainability Efforts

WSJ MarketWatch : Wednesday, April 3, 2013

Pacific Gas and Electric Company (PG&E) announced today that it has been named one of the nation's three most sustainable large utilities by Target Rock Advisors, and has also been included in Target Rock's 2013 Sustainable Utility Leaders Index (SULI). This is the second time the utility has been included in the annual index, which is based on performance in three categories of sustainability - economic, environmental and social. [read more]

IDACORP Recognized as Utility Sustainability Leader

PRNewswire : Tuesday, April 2, 2013

IDACORP, Inc. and its primary subsidiary Idaho Power are pleased to announce their selection for Target Rock Advisors' 2013 Sustainable Utility Leader Award. "Today's investors always look to traditional metrics, but they're also beginning to examine how companies are doing from an environmental, social and governance standpoint," said IDACORP Director of Investor Relations Larry Spencer . "This award helps differentiate our company from other utilities as a long-term, sustainable investment." [read more]

Target Rock Advisors Updates List of Sustainable Utility Leaders

Kapitall Wire : Wednesday, March 27, 2013

In May of 2012 Kapitall interviewed Richard Rudden, Managing Partner of Target Rock Advisors. He highlighted the rapid increase of dollars invested in socially responsible firms and suggested utility stocks are a logical and profitable place for socially responsible investors. Target Rock's sustainability index returned an impressive average 13% 1-year return. On Tuesday morning (March 26, 2013) Managing Partner Richard Rudden and co-founder Kyle Rudden announced updates to the index. [read more]

Utilities Aren't Just Blowing Smoke -- They are Generating Goodwill

Forbes : Saturday, March 23, 2013

The foundation on which this country was built is shifting. Indeed, capitalism’s scope is becoming wider and now entails not just the interest of shareholders but also those of their internal and external communities. At least one analytics firm that specializes in the energy sector says that companies that focus on the so-called triple bottom line — economics, environment and social — are the ones that consistently do well by all standards. Not only does the record show that utilities using such guideposts are outperforming other broader indices, it also demonstrates that they are living their missions and ingraining their brands among their customers. [read more]

Sempra Ranks No.1 Again; Receives Target Rock Sustainability Leadership Award

TRA : Wednesday, March 20, 2013

News Release

For immediate release

For additional information, contact

Richard Rudden
Managing Partner and co-founder
Target Rock Advisors, LLC

Kyle Rudden
Partner and co-founder
Target Rock Advisors, LLC


Sempra Recognized for Outstanding Sustainability Practices and Triple-Bottom-Line Performance

HAUPPAUGE, NY – March 20, 2013 – Target Rock Advisors has named Sempra Energy as its industry leader in utility sustainability. For the... [read more]

Utility Sustainability Practices Leading to Better Bottom Lines

Energy Central : Tuesday, March 5, 2013

Companies that practice sustainability may be getting good PR. But they are also achieving better returns for their investors. That’s the conclusion of one utility analytics firm that says the best managers are the ones who are looking beyond their fours walls and into the communities where they serve. Target Rock indexes show a positive relationship between sustainability and total stock market return, consistent with other academic and trade research. [read more]

Executives Win Responsible CEO Awards

Environmental Leader : Thursday, September 13, 2012

CR Magazine announced the winders of its fifth annual Responsible CEO of the Year awards, including Wisconsin Energy's Chairman, President and CEO Gale Klappa. CR Magazine cited Wisconsin Energy as a Sustainability Leader in Target Rock's 2012 utility industry sustainability assessment and ranking. [read more]

Duke-Progress Merger Creates Long-Term Benefits, Short-Term Risks

Fierce Energy : Monday, July 23, 2012

A Target Rock Advisors analysis of the Duke-Progress merger and its effect on the sustainability of the new company (Duke Energy) contends that Duke Energy has the potential to create substantial long-term economic, environmental and social value for shareholders and the community as a whole. However, recent and much publicized events that have already tarnished Duke's image raise important questions, could increase regulatory risk, and make for a difficult post-merger integration, reducing or delaying the near- and medium-term benefits creating near-term risks. [read more]

U.S. Energy Utility Regulators Should Adopt a Comprehensive View of Sustainability (VIDEO)

The CSR Minute : Friday, July 20, 2012

Target Rock Advisors says regulators should adopt a more comprehensive view of sustainability in the U.S. energy utility sector. In a new report, "Sustainable Utility Regulation and Socio-Economic Success," the consulting firm argues that the industry should be establishing triple bottom line standards for the $2 trillion dollars that will be invested in the electric power network in the next several decades. [read more]

Sustainable Utility Regulation and Socio-Economic Success

Electricity Policy : Wednesday, July 11, 2012

In a paper published in the July issue of the online journal we suggest that state regulators adopt a more comprehensive and balanced view of sustainability in the U.S. energy utility sector. With as much as $2 trillion needing to be invested in the electric power network over the next several decades, the article argues that the industry should begin establishing standards that explicitly take into account economic, environmental and social factors, a framework also known as the “Triple Bottom Line,” or TBL. [read more]

Utilities and the Challenges of Sustainable Investing

AOL Energy : Friday, June 22, 2012

Sustainable investing is an increasingly mainstream activity. But utilities are only beginning to adjust their business approaches to get in on the popularity of using those sustainability metrics to evaluate company performance and outlooks. A new company from a father-and-son pair of energy experts says it has identified a remaining gap in the market for indices. Target Rock Advisors was organized to cut through the noise and create financial market indexes, and other metrics necessary to facilitate sustainable planning and development, as well as inform socially responsible investment decisions. [read more]

The Importance of Being Sustainable

Public Utilities Fortnightly : Thursday, June 21, 2012

In this Public Utilities Fortnightly article, Richard and Kyle Rudden discuss the relevance of sustainability to electric and combination gas/electric utilities, as well as the value that sustainability can bring to operations and stock market performance. They also discuss the potential importance of socially responsible investment funds in helping to meet the $2 trillion of capital requirements needed by the utility and energy industries for their upcoming 20 year infrastructure build-outs. [read more]

Using Sustainability to Choose Stocks (VIDEO)

Fox Business News : Thursday, June 14, 2012

Richard Rudden, Target Rock's CEO, appeared on Fox Business News' Markets Now show to discuss sustainability in the energy utility sector and the company's top five dividends picks for a market characterized by uncertainty and price volatility. [read more]

Coal-Generated Electricity Falls to 39-Year Low

Environmental Leader : Thursday, June 7, 2012

The share of electricity generated from coal-fired power plants dropped to 34 percent in March, the lowest level in at least 39 years, the US Energy Information Administration said. The shift to cleaner-burning fuels like natural gas has helped public power systems reduce carbon dioxide emissions 2.4 percent since 2001, despite a 9.4 percent increase in power generation, according to a May report by Target Rock Advisors. [read more]

Xcel Proposes Commercial Energy Efficiency Program

Environmental Leader : Wednesday, June 6, 2012

Xcel Energy has filed its proposed Conservation Improvement Program, a three-year plan that includes an energy efficiency program targeted to commercial customers. Xcel’s efforts to reduce emissions and improve efficiency has helped it earn a high ranking in Target Rock Advisors’ main sustainability index, which focuses exclusively on investor-owned utilities in the US. [read more]

Consumer-Owned Utilities Hold Their Own in Emissions Reductions, Study Finds

Public Power Daily : Thursday, May 31, 2012

Consumer-owned utilities are holding their own in the domain of emissions reductions, says a study by Target Rock Advisors, a consulting and research firm in Hauppauge, N.Y. The firm on May 29 released the results of an analysis of trends in emissions produced by consumer-owned utilities, including municipal utilities, state and federal power agencies and rural electric cooperatives. [read more]

Public Power Systems Cut Carbon Emissions 2.4% in 10 Years

Environmental Leader : Wednesday, May 30, 2012

Public power systems have reduced carbon dioxide emissions 2.4 percent since 2001, despite a 9.4 percent increase in power generation, according to a recent analysis by Target Rock Advisors. The study measured the change in total tons of emissions and rates of production in three key emissions categories: carbon dioxide, nitrogen oxides and sulfur dioxide. [read more]

Utilities Can Reap Big Rewards From Sustainable Practices

Renew Grid : Wednesday, May 30, 2012

Good sustainability policies and practices could be worth billions of dollars to utility investors, according to a report from Target Rock Advisors, LLC. [read more]

Sustainable Utility Practices Mean Up To $25 Billion For Investors

Financial Advisors's FA Green : Tuesday, May 22, 2012

Sustainable and socially responsible operating procedures by U.S.-based utility companies are worth between $20 billion and $25 billion to investors over the last 10 years, or about 10% for that time period, says Target Rock Advisors LLC based in Hauppauge, N.Y. Target Rock studies and provides technical expertise for utility companies to implement sustainable and socially responsible practices. It had announced earlier that using sustainable practices brings greater investor rewards and has now put a price tag on that activity. [read more]

Socially Responsible Utilities Continue to Outperform

San Francisco Chronicle : Tuesday, May 22, 2012

Target Rock Advisors, LLC (TRA) today released the first quarterly update of its ten energy utility industry Sustainability and ESG (Environmental, Social and Governance) Indexes, originally launched on February 14, 2012. The first quarter showed the continuation of a strong positive relationship between sustainability performance and stock market total returns. [read more]

Profitable Natural Gas Stocks with a Sustainable Edge

Kapitall Wire : Tuesday, May 8, 2012

Last week Kapitall spoke with Richard and Kyle Rudden of Target Rock Advisors, who specialize in creating indexes of profitable and sustainable utility companies. Although utilities are rarely considered “sustainable investments” and “sustainability” is loosely defined to begin with, Target Rock aims to make sense of this otherwise unclear market sector. The Ruddens’ know the ins and outs of utility trends, so it bodes well that their outlook on natural gas utilities jives with other bullish industry analysts. [read more]

Sustainable Utility Investing: A Surprisingly Profitable Approach

Kapitall Wire : Thursday, May 3, 2012

Richard Rudden, CEO of Target Rock Advisors is busy providing the tools to make social responsibility investing not only easy, but also profitable. And they have a surprising niche: Utilities. “Utilities are rarely considered candidates for the large and rapidly growing number of socially responsible investing funds,” says Richard Rudden, CEO of Target Rock Advisors. “But we want to call attention to the industry for people looking for more income producing steady growth in their portfolio.” [read more]

Sustainable Utilities, Big Profits (VIDEO)

The Street : Tuesday, March 13, 2012

Target Rock CEO Richard Rudden discusses his favorite sustainable utility companies with Gregg Greenberg of [read more]

Yes, Utilities Can Be Sustainable

Forbes : Thursday, March 8, 2012

Richard Rudden and Kyle Rudden make the case for utilities as sustainable and socially responsible investments with Kate Stalter of Moneyshow. [read more]

Smaller Utilities Among Leaders in Sustainable Energy Efficiency & Demand Side Management

PRWeb : Tuesday, February 28, 2012

Target Rock Advisors, LLC today released a list of fifteen U.S. utility companies that are industry leaders in energy efficiency and demand side management (DSM). [read more]

Top 5 Triple Bottom Line Utilities

TriplePundit : Friday, February 17, 2012

Testament to the ability of Triple Bottom Line businesses practices to flow through to the traditional ‘bottom line,’ Target Rock found that the 15 High Sustainability Index companies as a group outperformed… [read more]

Sempra, Xcel Lead Utility Sustainability Index

Environmental Leader : Wednesday, February 15, 2012

The advisory group says this is the first sustainability index focused exclusively on publicly-traded utilities in the U.S. [read more]

New Sustainability Index Launched

Reuters : Tuesday, February 14, 2012

Target Rock Advisors, LLC today released the results of its first proprietary U.S. utility sustainability rankings and related stock indexes. [read more]

Deep, Sector-Specific
Sustainability Analytics:

1 industry
49 companies
30+ sources of data and information
2.4+ million points of data
400,000+ lines of proprietary code
1+ million calculations
11 indexes
200+ collective years of experience in the industry