Looking to bet on the green wave? Check out these green energy firms making headlines today.
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This story originally appeared on StockMarket
Do You Have These Top Green Energy Stocks On Your Summer Watchlist?
It wouldn’t surprise me to see green energy stocks are amongst the most active stocks now. Understandably, with all the effects of climate change becoming more severe than ever, the green energy industry would be crucial. As the world makes the shift towards clean and sustainable sources of energy, green energy stocks could flourish. Because of this, investors could be eyeing the sector today. For starters, investment banking company Citi (NYSE: C) seems to think so. Yesterday, Citi’s head of investment strategy for Asia-Pacific, Ken Pang emphasized the industry as being”very productive” now.
According to Pang, important authorities around the globe are focusing on sustainable growth. By extension, this might indicate that there would be ample funds flowing to the industry. Not only that however, the analyst also considers that the green energy trend”is likely to be with us for a good part of the next decade“. This may make green energy stocks possible long-term plays for investors now. For example, we can look at top names from the solar energy industry today. Companies such as Enphase (NASDAQ: ENPH) and Daqo New Energy (NYSE: DQ) have seen their share prices skyrocket over the last year. In that time ENPH stock is up by over 200% and DQ inventory is looking at gains of over 490%.
Meanwhile, First Solar (NASDAQ: FSLR) will be looking to invest $680 million towards expanding its own U.S. solar production capabilities. With no shortage of exciting advancements in the industry today, you might be keen on green energy stocks yourself. If you are, here are just four to know at the stock exchange now.
Green Energy Stocks To Watch This Month
- General Electric Company (NYSE: GE)
- Ford Motor Company (NYSE: F)
- Brookfield Renewable Partners (NYSE: BEP)
- Plug Power Inc. (NASDAQ: PLUG)
General Electric Company
To start with, we have the General Electric Company (GE). As the name implies , the multinational conglomerate boasts numerous ventures in the energy market. Today, we’ll be focusing on its GE Renewable Energy division. By GE’s estimates, its green energy arm is a $15.7 billion business. What’s more, it boasts one of the broadest portfolios in the renewable energy market. This includes but is not limited to, a combination of onshore and offshore wind turbines, utility-scale solar, and grid solutions. To date, GE Renewable Energy has installed 400 gigawatts of clean renewable energy, equipping over 90% of utilities worldwide with its grid options.
Impressive green portfolio apart, GE does not seem to be slowing down anytime soon. As of yesterday, the business is presently working with LafargeHolcim, a worldwide leader in building alternatives, on its most recent wind energy project. Together, the two companies will be researching more sustainable and cost-saving software for older decommissioned wind turbines. Before that, GE also landed one of the largest onshore wind contracts from the Southeast Asia region last month.
Moreover, it is working with some of the greatest renewable energy names in the Philippine-Vietnam area. In this cooperation, GE will be providing, installing, and commissioning wind turbines for the 88-megawatt wind farm in Vietnam. With the organization’s green energy division kicking into high gear today, GE stock could be a workable green energy play. Would you say the same?
Ford Motor Company
Ford is a multinational automaker that has been investing heavily to the green energy space using its own new line of electric vehicles. The company has recently declared its Ford+ strategies for growth and value creation based on its electric vehicles and connected services. Diving in, the company says it anticipates 40% of Ford vehicle sales to be all-electric by 2030 and increased its projected electrification spending to over $30 billion by 2025. This could include the growth of its proprietary IonBoost batteries. F inventory is up by over 70% Nominal.
Earlier this week, the business announced a new kind of pickup that is stunningly fuel-efficient and packed with smart technology and features. The all-new 2022 Ford Maverick is a standard five-passenger, four-door pickup, using a full-hybrid powertrain. It is constructed for strength and is capable of carrying a 1,500 pounds payload.
“The Maverick product proposition is like nothing else out there. It’s a great-looking truck featuring four doors with room for five adults, a standard full-hybrid engine with city fuel economy that beats a Honda Civic, plenty of towing and hauling for weekend trips or do-it-yourself projects, and it starts under $20,000,” said Todd Eckert, Ford truck group marketing manager. “We believe it will be compelling to a lot of people who never before considered a truck. ” For these reasons, are you going to see F inventory?