Guinness Sustainable Energy Fund on Carlisle Companies
Thesis
The fund owns Carlisle Companies as a high-quality building-products exposure within its energy-efficiency theme. The managers expect higher power costs and stronger efficiency standards to improve the economics of building upgrades over time. Carlisle's roofing exposure therefore participates in a broader push toward more efficient buildings, although renovation activity remains rate-sensitive in the near term.
“high-quality roofing manufacturer Carlisle Companies”
Key risks
- High interest rates are a near-term drag on building renovation rates
- Construction and renovation activity can weaken