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

He's cool on the solar energy space and predicts some of these names will not last.

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First Solar Inc. (FSLR-Q)

First Solar Inc. (FSLR-Q) — Stockchase

Demand for solar power and their stocks enjoy huge tailwings. ESG is one. Companies like Blackrock and Exxon Mobil are making ESG a serious priority, for example. Secondly, out electric grid is falling apart. Witness the Texas outage last winer. Third, new homeowners are happy to add solar panels to their roofs as prices of…

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NextEra Energy (NEE-N)

NextEra Energy (NEE-N) — Stockchase

Very good stock, however, being treated like a tech stock instead of a utility. Most of the business is in Florida and consists of solar, wind, natural gas and battery storage. 35x P/E Ratio. Growth rate around 11%. Buy a little now and buy more if/when there is a correction.

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Innergex Renewable Energy (INE-T)

Innergex Renewable Energy (INE-T) — Stockchase

It is a new addition for him on the renewable side. He took advantage of the Texas ice storm a couple of years ago. He likes the valuation.

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🛍 Consumer
Tesla Motors Inc (TSLA-Q)

Tesla Motors Inc (TSLA-Q) — Stockchase

Trades at 100x 2023. Don't make it a core position. Satellite position in a non-registered account. Musk is the ultimate leader. He's changed the world. Projected share growth rate is about 72%, so not a bad PEG ratio. Buy it when it's being ignored.

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GreenPower Motor Company Inc. (GPV-X)

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

E-cars were a super hot trend. GPV make e-cars like cutaway vans and schoolbuses. They use a wireless charging technology, so vehicles can always be charging. Biden wants to phase out gas buses by 2025, so this a big opportunity. GPV numbers of last night aren't EBITDA-positive, but will be EBITDA positive later this year…

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New Flyer Industries Inc. (NFI-T)

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

Watching stock has valuation has been low the past few months. Electric bus growth is strong. Chip shortage is negatively affecting growth. Supply chain recovery will improve company.

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