June 11, 2021

6 minutes to read

This story originally appeared on StockMarket

Do you have these best green energy stocks on your summer watchlist?

It wouldn’t surprise me to see that green energy stocks are among the most active stocks today. Naturally, with the effects of climate change more severe than ever, the green energy industry would be increasingly crucial. As the world moves towards clean and sustainable sources of energy, green energy stocks could flourish. For this reason, investors might be eyeing the sector now. On the one hand, investment bank Citi (NYSE: C) seems to believe so. Yesterday, Citi’s chief investment officer for Asia-Pacific, Ken Pang, pointed out that the sector was “”very productive” now.

According to Pang, the world’s leading governments are focused on sustainable development. By extension, this would mean that there would be sufficient funds for the industry. Not only that, but the analyst also believes that the trend towards green energy “is likely to be with us for much of the next decadeâ€. This could make green energy stocks potential long-term games for investors now. For example, we could look at the big names in the solar power industry now. Companies such as Enphase (NASDAQ: ENPH) and Daqo New Energy (NYSE: DQ) have seen their stock prices skyrocket over the past year. Meanwhile, ENPH stock has risen by over 200% and DQ stock is targeting gains of over 490%.

Meanwhile, First Solar (NASDAQ: FSLR) is looking to invest $ 680 million to expand its solar power manufacturing capabilities in the United States. There is no shortage of exciting developments in the industry today, you might be interested in green energy stocks yourself. If you are, here are four you should know about on the stock market right now.

Green energy stocks to watch this month

General Electricity Company

To begin with, we have the General Electric Company (GE). As the name suggests, the multinational conglomerate has many companies in the energy sector. Today we will focus on its GE Renewable Energy division. According to GE estimates, its green power arm represents a $ 15.7 billion business. In addition, it has one of the largest portfolios in the renewable energy sector. This includes, but is not limited to, a combination of onshore and offshore wind turbines, large scale solar solutions and grids. To date, GE Renewable Energy has installed more than 400 gigawatts of clean, renewable energy, equipping more than 90% of utilities worldwide with its grid solutions.

Aside from the impressive green portfolio, GE doesn’t seem to be slowing down any time soon. Since yesterday, the company is currently working with LafargeHolcim, a world leader in construction solutions, on its latest wind project. Together, the two companies will explore more sustainable and economical applications for old, decommissioned wind turbines. Prior to that, GE also landed one of the largest onshore wind contracts in the Southeast Asia region last month.

Additionally, he works with some of the biggest names in renewable energy in the Philippines-Vietnam region. As part of this collaboration, GE will supply, install and commission wind turbines for the 88 megawatt wind farm in Vietnam. With the company’s green power division shifting into high gear, GE stock could be a viable green power game. Would you say the same?

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Ford Motor Company

Ford is a multinational automaker that has invested heavily in the green energy space with its new line of electric vehicles. The company recently announced its Ford + plans for growth and value creation based on its electric vehicles and connected services. Diving in, the company says it expects 40% of Ford vehicle sales to be fully electric by 2030 and has increased its planned electrification spending to more than $ 30 billion by 2025. This would include the development of its proprietary IonBoost batteries. F-share is up more than 70% since the start of the year.

Earlier this week, the company announced a new type of pickup that is incredibly fuel efficient and packed with smart technology and features. The all-new 2022 Ford Maverick is a standard five-seat, four-door pickup, with a fully hybrid powertrain. It is built for durability and is capable of carrying a payload of 1,500 pounds.

“The Maverick product proposition is unlike anything else. This is a great truck with four doors that can accommodate five adults, a standard full hybrid engine with city fuel economy that outperforms a Honda Civic, plenty of towing and hauling options for road trips. weekend or DIY projects, and it starts under $ 20,000,Said Todd Eckert, Ford Truck Group Marketing Director. “We believe it will be compelling to many people who had never considered a truck before.“For these reasons, will you be looking at F stock?

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Brookfield Renewable Partners LP

Brookfield Renewable Partners (BEP) is a green energy company that owns and operates renewable energy assets. Essentially, it operates one of the largest publicly traded renewable energy platforms in the world. Its portfolio includes approximately 21,000 MW of capacity and nearly 6,000 production facilities in North America. Last month it posted strong first quarter financial results.

On the plunge, it generated operating funds of $ 242 million, or $ 0.38 per unit, a 21% increase on a normalized per unit basis from the same period a year earlier. The company has also made progress of approximately 6,000 megawatts through construction and late-stage permitting. It has also added nearly 4,500 megawatts to its development pipeline.

During the quarter, it also signed 29 agreements for approximately 2,300 GWh of renewable energy production with business buyers in all major industries. Finally, BEP also says it has invested or agreed to invest $ 1.6 billion of equity in a range of transactions, including onshore wind. Given the enthusiasm that surrounds the business, will you watch the BEP share?

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Connect the power supply inc.

Plug Power is a company dedicated to the development of hydrogen fuel cell systems. Its systems are used to replace conventional batteries in electrically powered equipment and vehicles. In essence, the company presents itself as the architect of modern hydrogen and fuel cell technology, and for good reason. He took technology from concept to commercialization and revolutionized the material handling industry with his full-service GenKey solution.

On Thursday, the company announced plans to build a green hydrogen production plant in Camden County, Georgia, to serve customers in the southeastern United States. The plant will produce 15 tonnes per day of liquid green hydrogen, produced from 100% renewable energy and intended to supply transport. applications including material handling and fuel cell electric vehicle fleets.

Plug Power is investing $ 84 million in the facility, which is expected to create at least 24 jobs in the local community from 2022. All things considered, is the PLUG inventory worth watching?