Tesla, New Flyer and the Top 8 Renewable Energy Stocks to Buy Now
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 :
Greenpower has the electric version of the yellow 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 :
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? :
Covanta Holding Corp. (CVA-N)
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
Canadian Solar Inc. (CSIQ-Q)
Great job building out best-in-class solar panels. Issue is competition from China. Biden administration has suspended tariffs for 2 years, so facing more competition. He'd prefer BLX or NPI, which will benefit from price competition.
(A Top Pick Jul 14/22, Up 90.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with FSLR is progressing well. To remain disciplined, we recommend trailing up the stop (from $90) to $112.
Lots of revenue from Florida, impacted by Hurricane Ian. Put lots of electricity lines underground, which has sped up getting things back online. Valuation more elevated than Canadian names. Well run, good renewables presence.
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.
Tesla Motors Inc (TSLA-Q)
Trades around 35x earnings, similar to Ferrari. Big difference is Ferrari is super-niche, selling only 11K units per year. TSLA's going after the mass market. On track to deliver 1.3M cars in 2022, whereas competitors deliver 5-10M cars every year and they're bringing on a wave of EVs. So TSLA facing lots of competition. Overvalued.…
(A Top Pick Jun 29/21, Down 78%) Stopped out. Still loves the company. Continues to deliver and hit its marks. Awesome investment for a long-term investor. Could be taken out eventually. Bright future.
It has many problems including supply chain issues and a lot of debt. It has just been de-listed from the TSX. Good one to sell for tax loss purposes.