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)
They got hit hard when China when big into green tech a decade ago and flooded the market with solar panels. CSIQ was one of the big solar panel-makers. They also spun off their renewable energy assets. This stock is completely ethical, but the price of panels plunging hurts this stock.
Largest solar panel manufacturer probably in the world. They got hit when China flooded the market with cheap solar panels. One of these company that had a great product but had to continuously drop their price which had a huge impact on their revenues. Has a new solar panel coming out this year and sees…
The old Florida Light and Power Company. They are the biggest renewable power generator in the US. Over 20% of renewable power generated in the US comes from them. As more money goes into ESG, they will benefit. Even Apple is looking to have power from wind and solar. A utility that pays a growing…
It has been on fire this year (up 30%). Hydro Quebec is buying 10% of the stock. He would stay on the sidelines since it has rallied just based on a strategic alliance with Hydro Quebec.
Tesla Motors Inc (TSLA-Q)
The challenge with these high-Beta companies is that they are highly volatile -- sometimes moving by 4-5 times that of the daily market moves. He looks for lower beta, lower volatility companies.
There is a lot of froth in the green space area. He thinks there is a shift to people wanting to trade these at a premium. Longer term it makes sense to hold this, but be careful chasing names in this space.
(A Top Pick Apr 30/19, Down 56%) They have suspended operations. It has been hit during this crisis. They are in a paradigm shift. It is hard to know when they will go back to normal. It is not only about the buses but about the infrastructure such as electric bus charging. It will take…