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

Melisa R. H. Posted On February 12, 2019

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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

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.

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First Solar Inc. (FSLR-Q)

First Solar Inc. (FSLR-Q) — Stockchase

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…

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NextEra Energy (NEE-N)

NextEra Energy (NEE-N) — Stockchase

They have one of the largest fleets of alternative energy out there. Regulators are encouraging utilities to install more sun and wind. They have a nice growth trajectory. Because it is a utility, they are very sensitive to rising interest rates. You need to be concerned that money will shift over to banking in an…

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Innergex Renewable Energy (INE-T)

Innergex Renewable Energy (INE-T) — Stockchase

It isn't moving with the markets. It bottomed at $12 in October and has broken out nicely since then. Interesting. Will meet resistance at current levels. But it has the potential to reach $16-17. People are buying it for the decent yield. Looks good now, but dangerous if it falls below $13.25. Take a break…

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🛍 Consumer
Tesla Motors Inc (TSLA-Q)

Tesla Motors Inc (TSLA-Q) — Stockchase

A volatile stock, a volatile owner. Tesla hasn't made money yet. It's very challenging. The current melt-up is a short squeeze that's overbought.

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GreenPower Motor Company Inc. (GPV-X)

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

They just posted record revenues. E-buses run on specific routes, and so are aware of their battery ranges and to allow time to recharge them. Meanwhile, this technology will advance. GPV will take off depending on cities' budgets--if cities spend on e-buses, then GPV will hugely benefit. GPV remains a small company, so he doesn't…

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New Flyer Industries Inc. (NFI-T)