Eco-Fuel: The Green Energy Stocks With HUGE Potential
Eco-Fuel: The Green Energy Stocks With HUGE Potential
Renewable energy is the future. Billions of dollars are pouring in and governments around the world are getting on board. How can investors seek returns from this green energy frontier?
Jericho Energy Ventures (TSXV: JEV) (OTC: JROOF) is THE green transition opportunity. It’s developing the next generation of green hydrogen solutions for the massive industrial and commercial markets. Governments around the world are spending billions in hydrogen grants and incentives, meaning there has never been a better time to get behind this rapidly growing industry!
Jericho could be investors’ ticket to ride the green wave.
Hello, and welcome to another edition of Investing Intel from the team at ValueTheMarkets! As always, the newsletter is packed with stock picks and investing insights we think you’ll enjoy, including:
👉 Three stock tips
👉 Investing signals
👉 Fear & Greed
👉 Key dates for your diary
👉 Investment strategy insights
Renewables are indisputably the future of energy.
According to the International Energy Agency, around 30% of the planet’s energy currently comes from renewable sources. new additions of renewable power capacity are anticipated to jump by approximately a third this year as the adoption of greener energy accelerates.
This faster adoption is being catalysed by several factors, including innovation and policy adoption by governments around the world. For example, the Biden Administration’s Inflation Reduction Act was the largest piece of federal legislation to address climate change, and will reportedly lead to $783bn in provisions for energy security and climate change.
As such, there are huge drivers behind renewable energy companies, making the space too important to ignore for discerning investors. We’ve picked out our three favourite renewable energy stocks, just to help you get your head around the sector.
NextEra Energy Inc (NYSE: NEE)
NextEra is the world's largest generator of renewable energy from the wind and sun. Its commitment to renewable energy aligns with global efforts to transition away from fossil fuels, positioning the company at the forefront of this critical trend.
With an eye on the future, NextEra is investing in grid modernization, including smart grid technology. This positions the company to benefit from the increased integration of distributed energy resources and the broader electrification trend.
NextEra has made strategic acquisitions to diversify its portfolio, including investments in natural gas pipelines and other energy infrastructure. These acquisitions can create synergy and open up new revenue streams.
The company has consistently demonstrated strong revenue growth, profitability, and cash flow generation. This solid financial performance provides a foundation for future expansion and investments.
In addition to its history of strong results, NextEra displays steady dividend growth. This makes the stock attractive to income-focused investors. Its commitment to returning value to shareholders also underscores management's confidence in the company's long-term prospects.
The company's combination of traditional utility services with its leading renewable energy portfolio provides a balanced and resilient business model. Even during economic downturns, the demand for essential utility services tends to remain stable.
First Solar Inc (NASDAQ: FSLR)
Strong Position in Solar Industry: First Solar is one of the largest solar manufacturers in the world, specializing in thin-film technology. Its position in the market gives it a competitive edge and the ability to scale.
First Solar’s thin-film solar technology offers some advantages over traditional silicon-based solar panels. Continued investment in research and development can lead to further innovation, efficiency gains, and cost reductions.
Thin-film technology’s tendency to be more cost-competitive than traditional solar technologies means reduced production costs, which can make First Solar more resilient to price fluctuations in the broader solar market.
First Solar's involvement in large-scale utility projects across the globe, along with a strong pipeline of future projects, offers steady revenue growth opportunities. The company's experience in managing complex projects adds to its attractiveness.
First Solar has established partnerships with various industry players and expanded its footprint in key markets around the world. This strategic positioning allows it to tap into emerging markets and diversify its revenue streams.
Plug Power Inc (NASDAQ: PLUG)
Plug Power is considered a leader in the hydrogen fuel cell industry. With a well-established name and proven technology, they are strategically positioned to capture a significant share of the growing market. Hydrogen fuel cells are becoming a preferred choice in various applications, including transportation and material handling.
The company has formed collaborations with significant players across industries, including automotive and retail giants. These partnerships provide access to essential markets and could be key drivers for growth.
With a focus on expanding into European and Asian markets, Plug Power has the potential to tap into the global demand for hydrogen fuel cell technology. International expansion could be a significant growth driver.
Plug Power's investments in hydrogen production and refuelling infrastructure are not only essential for its ecosystem but also place the company in a strong position within the hydrogen economy. Building infrastructure is key to widespread hydrogen adoption.
Continuous investment in research and development allows Plug Power to stay ahead of the technological curve. Innovations can lead to efficiency improvements, cost reductions, and the development of new products that meet market needs.
The company has secured substantial financial backing, both from private investments and government grants. This funding supports its ambitious growth plans and capital-intensive infrastructure development.
Investing Signals
It wouldn’t be an issue of Investing Intel without delving into some of the top trending stocks. As of Monday morning, the top five trenders are:
Vistagen Therapeutics (NASDAQ: VTGN)
Tyson Foods Inc (NYSE: TSN)
Save Foods Inc (NASDAQ: SVFD)
DraftKings (NASDAQ: DKNG)
Tesla (NASDAQ: TSLA)
Vistagen is leading the way following truly explosive share price growth of more than 700% over the past week. The huge leap came after phase 3 trial results for its fasedienol anti-anxiety nasal spray met primary and secondary endpoints, seeing the business end a run of bad luck in spectacular fashion.
Tyson Foods saw its share price heading in the opposite direction after the company’s third-quarter earnings missed expectations as previously forecast acceleration in consumer demand failed to materialize.
Meanwhile, green food preservation specialists Save Foods have seen their share price rocket by almost 200% over the last week. The only problem is working out why! The business has released no recent news of note, indicating that the sharp price increase could be attributed to a violent penny stock fluctuation or a potential meme stock play.
DraftKings is no meme stock though, and the sports betting giant is generating chatter after earning an upgrade from Wells Fargo analysts due to their expectation for continued growth.
Finally, EV giant Tesla rounds off the top trending stocks as a share price dip coincides with news that finance chief Zachary Kirkhorn will be leaving the business. This appears to have concerned some commentators, with Kirkhorn having reportedly been touted as a possible successor to Elon Musk as the company’s CEO.
Fear & Greed
The Fear and Greed Index is a measure of stock market sentiment calculated by CNN Business using seven measures, including market momentum, market volatility, and safe haven demand. It’s meant to shed light on the emotions currently driving the market, giving you insight into how traders are making decisions. Remember, traders are humans, not robots.
The last week has seen a notable decline in investor sentiment, with the S&P500 and DOW both declining after a series of positive weeks. Disappointing earnings from Apple and rising unemployment figures appear to have left a sour taste in the mouth, though investors are still broadly viewing the market positively.
Dates in the Diary
Monday 7th - Canadian Markets Closed (Civic Day)
Tuesday 8th - US Balance of Trade (Jun) / Chinese Balance of Trade (Jul)
Wednesday 9th - Chinese Inflation Data (Jul)
Thursday 10th - US Inflation Data (Jul)
Friday 11th - US PPI Data (Jul) / UK GDP Data (Jun)
More Hot Content from ValueTheMarkets
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As Jericho Energy Ventures continues to establish powerful alliances, a prominent Western university takes an interest in its innovative hydrogen boiler tech.
Investing Strategies - Copycat Investing
Sometimes, it’s easier to be a follower than a leader. That’s the basic rationale behind copycat investing. If you don’t have the time, drive or smarts to fully construct your own portfolio and strategy, why not just pick somebody who seems to know what they’re doing and just follow suit?
It’s easy enough to grab onto the coattails of some famous investors and to back the stocks they back. The holdings of mutual funds and the best investment managers are easy enough to access online.
Be careful about who you place your trust in though! It’s also important to remember that even the biggest and most famed investors can have their failures, with notable recent examples including star UK money manager Neil Woodford and famous value investor Bill Miller.
Additionally, you will need to bear in mind that your objectives might not align with those of the investor who you are following. Timing is crucial too, as you might miss out on potential returns if you’re too slow to follow your chosen investor.
Turns out that being a copycat isn’t always as easy as it sounds!
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Until Next Time!
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