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

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.

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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

It's a fantastic forward-thinking utility that does a lot of business with charging. It is still a buy.

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Innergex Renewable Energy (INE-T)

Innergex Renewable Energy (INE-T) — Stockchase

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.

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🛍 Consumer
Tesla Motors Inc (TSLA-Q)

Tesla Motors Inc (TSLA-Q) — Stockchase

Continues to like the prospects of the company even with extremely high valuation. Sky high valuation is justified given the advanced nature of software and technology. Results coming in better than expected as production increases with stable costs. Company able to raise prices on products as consumers willing to pay. Autonomous driving presenting large opportunity…

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GreenPower Motor Company Inc. (GPV-X)

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

(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.

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New Flyer Industries Inc. (NFI-T)

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

They've fallen into a tough time due to supply chain issues. They are bleeding cash. 9% of shares are shorted because the street expects them to raise equity at a terrible time which will dilute existing shares. They remain a well-run business, a successful Canadian company. They generate over $2 billion revenues. They have an…

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