Tesla, New Flyer and the Top 8 Renewable Energy Stocks to Buy Now

Melisa R. H. Posted On February 12, 2019

Looking to invest in green energy? Wind energy has been experiencing great success, and solar energy is getting cheap. Companies like Tesla, Green Power and New Flyer are also working on utilizing this clean energy.

Here’s what a New Flyer electric bus look like :

Electric Bus

Greenpower has the electric version of the yellow school bus :

Greenpower School Bus

And you probably already know what a Tesla look like, but we never get tired of looking at those Falcon Wing doors so here they are for your pleasure :

Tesla Model X

Enough with the pictures! We selected the top 8 companies on Stockchase with a focus on renewable energy, the electric vehicle companies being the most interesting for sure but turning waste-to-energy companies also fascinate me. Isn’t it how Doc Brown powers his car at the end of the movie Back to the Future? :

🚚Industrials
Covanta Holding Corp. (CVA-N)

Covanta Holding Corp. (CVA-N) — Stockchase

He really likes them but it's a risk that the company is involved in a specific waste-to-energy technology, which can change suddenly. CVA takes away waste and turns it into energy. A safer way to play CVA is the EDX ETF. 5.7% dividend

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⚡ Energy
Canadian Solar Inc. (CSIQ-Q)

Canadian Solar Inc. (CSIQ-Q) — Stockchase

Stockchase Research Editor: Michael O'Reilly Trading at 5x earnings, under book value and with an 18% ROE, CSIQ is a TOP PICK. The 22 year old Guelph Ontario solar manufacturer recently reported earnings that doubled over year ago levels and a 39% increase in revenues. We recommend a stop-loss at $21, looking to achieve $41…

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First Solar Inc. (FSLR-Q)

First Solar Inc. (FSLR-Q) — Stockchase

(A Top Pick Jun 29/23, Up 23.6%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with FSLR has triggered its stop at $180. To remain disciplined, we recommend covering the position at this time. Combined with the previous buy recommendations, this will result in a net investment gain of 31%.

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NextEra Energy (NEE-N)

NextEra Energy (NEE-N) — Stockchase

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research NEE has had a tough year, with rising rates, and is now down 19% YTD. But it remains one of our preferred US large-cap utility stocks. It has shown very steady earnings growth, and cash flow is secure and solid. The yield is 2.8% and…

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Innergex Renewable Energy (INE-T)

Innergex Renewable Energy (INE-T) — Stockchase

Good producer. He owns the preferred shares. His favourites in the space include AQN, FTS, and BIP.UN. Nothing wrong with INE. Focus is more wind-focused, so growth profile is not as diversified. Balance sheet is not as strong.

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🛍 Consumer
Tesla Motors Inc (TSLA-Q)

Tesla Inc (TSLA-Q) — Stockchase

He added more puts today. Thinks shares will go lower.

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GreenPower Motor Company Inc. (GPV-X)

GreenPower Motor Company Inc. (GPV-X) — Stockchase

Spiked, sold off. Smaller company, growing but without solid earnings. Recently, announced sale of 100 vehicles. Sold some school buses last quarter. Big move so far this year, around 100%. At a point where they're ramping up.

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New Flyer Industries Inc. (NFI-T)

New Flyer Industries Inc. (NFI-T) — Stockchase

End product is desirable, but supply chains have really hurt it. Reported this morning, and the market is cheering that news. High-risk name. Not for the faint of heart, but perhaps it's turned a corner.

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