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.
This will work If there's a Democratic sweep on Nov. 3. The Dems will throw money into solar energy, and this is a good play. FSLR makes the solar modules in solar panels.
Allan Tong’s Discover Picks NEE stock boasts a one-year return of 32% and almost 200% over five years. Revenue growth year-over-year stands at nearly 15%, double the sector (in the U.S). NextEra trades at a 34x PE and pays a 1.85% dividend. The stock has climbed 25% year-to-date and it currently sailing at all-time highs.…
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)
Successful stock, a momentum stock. Uncertain where it will be in 2 years. High expectations. Extended valuations. 150x forward PE ratio. He's nervous about owning. If you own it, put a stop loss on. Could face severe volatility and competition.
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.
Rock star in a cyclical industry. Best of breed. Supported by government projects, which rolled over, and then Covid didn't help. Operationally, they're leaders. Industrials and cyclicals have started to perform over the last couple of months. Not quite yet time to own