The green energy revolution is in full swing, and it’s not just about protecting the planet - it’s also about creating opportunities for smart investors. With the world moving away from fossil fuels and toward cleaner, more sustainable alternatives, the demand for renewable energy solutions is growing faster than ever.
Whether it’s electric vehicles, solar power, or alternative fuels, the companies driving this shift might become the powerhouses of tomorrow. So, if you’re thinking about adding a little eco-friendliness to your portfolio, here’s a deep dive into some key green energy stocks!
Electric Vehicle Charging Infrastructure: Powering the EV Revolution 🔋
The electric vehicle (EV) market is booming, but for all those Teslas and Lucids zooming around, they need charging stations to keep them going. That’s where the electric vehicle charging infrastructure market comes in. As more and more people switch to EVs, the demand for charging solutions is skyrocketing, making this sector a must-watch for any green energy investor.
Here are some of the key players in the EV charging space:
- ChargePoint Holdings
As one of the largest EV charging networks in the world, ChargePoint is leading the charge (pun intended) in creating a widespread and accessible EV charging infrastructure. With a million charging points globally, ChargePoint has established itself as a front-runner in the industry. Its partners include businesses, governments, and car manufacturers. - Tesla
Of course, we can’t talk about EVs or charging infrastructure without mentioning Tesla. The company not only makes electric cars, but also operates its own proprietary Supercharger network. Tesla’s global network of fast chargers allows for long-distance travel, setting the company apart from other EV makers. Already a market leader, Tesla is aggressively expanding its charging infrastructure. - Lucid Group
While Lucid is best known for producing luxury electric vehicles that rival Tesla, they’re also making moves in the EV charging space. Lucid offers a high-performance charging network to support its luxury EVs, and the company’s commitment to green technology and fast charging solutions makes it a compelling investment beyond just car manufacturing.
At the time of writing in October 2024, all three of these stocks are considered by analysts to be a ‘Hold’ - so investors who don’t already hold shares in these companies might want to watch and wait for the right time to buy.
Solar Power Industry: Harnessing the Sun's Potential ☀️
Solar energy is another cornerstone of the green revolution, and the solar industry has been growing at an incredible rate. As solar technology becomes more affordable and efficient, companies in this space are in the perfect position to benefit from the global shift toward renewable energy. From solar panel manufacturers to technology providers, this sector offers a range of exciting investment opportunities.
Here are some solar stocks you should be keeping an eye on:
- First Solar
As a leader in the solar panel manufacturing space, First Solar specialises in making thin-film solar modules, which are more efficient and cost-effective than traditional silicon-based panels. Right now, First Solar is considered by analysts to be a ‘Buy’ - they think it might increase in value by a whopping 40.69% over the next year. - Canadian Solar Inc
Based in Canada, Canadian Solar is one of the largest solar power companies in the world. The company produces solar photovoltaic (PV) modules and provides solar energy solutions. Analysts also call Canadian Solar a ‘Buy’ in October 2024 - it’s currently priced at $13.78 but they think over the next year this price might almost double to reach $27.34. - Sunrun Inc
Sunrun focuses on residential solar installations, offering homeowners solar panels and battery storage solutions. Sunrun is at the forefront of making solar energy accessible to everyday consumers, particularly in the U.S. Also currently considered a ‘Buy’, its price might go up by 30.83% in the next 12 months. - Array Technologies Inc
Array Technologies is a major player in the solar tracking systems market. Their technology allows solar panels to follow the sun’s movement, maximising energy output throughout the day, increasing efficiency and reducing the cost of solar power. This stock is currently priced at $6.52, making it a cheap ‘penny stock’ - but analysts, who call it a ‘Buy’, think it might increase in value by 196.63% in the next year.
Clean Energy: A New Era of Power 🪴
Beyond solar and EVs, the broader clean energy sector offers a variety of exciting opportunities for investors. From biofuels to geothermal energy, these companies are revolutionising the way we think about power. If you’re looking to diversify your green energy investments, these clean energy stocks are worth learning about:
- Clean Energy Fuels Corp
Clean Energy Fuels is a leader in renewable natural gas (RNG) production. RNG is produced from organic waste, like dairy farms and landfills, making it one of the most sustainable fuel sources available. Clean Energy Fuels provides fueling stations for trucks and buses that run on RNG, making it a key player in reducing carbon emissions from transportation. Right now, analysts consider this stock to be a ‘Buy’, as they think it might soar from $2.79 to $7.52 in the next year, growth of 169.63%. - NextEra Energy
NextEra Energy is one of the largest clean energy companies in the U.S., focusing on wind and solar power generation. It operates through its subsidiary, Florida Power & Light, providing clean energy to millions of customers. NextEra has been a consistent performer, thanks to its large renewable energy portfolio and commitment to sustainability. This stock is a ‘Hold’ right now. - Ormat Technologies Inc
Specialising in geothermal energy, Ormat Technologies provides an alternative to solar and wind power. Geothermal energy is a consistent and reliable power source because it doesn’t rely on weather conditions. Analysts call Ormat Technologies a ‘Buy’ and think it might make a modest increase in price over the next year of 7.25%. - Gevo Inc
Gevo is a renewable chemicals and biofuels company. They’re focused on creating sustainable alternatives to petroleum-based products, including jet fuel and gasoline. Gevo is still in its early stages, but its innovative approach to biofuels could make it a game-changer in the clean energy space. Analysts call this $1.91 penny stock a ‘Buy’ as they think it might go up in price by 171.38% in the next year. - Ballard Power Systems Inc
Ballard Power is a leader in hydrogen fuel cell technology, which has the potential to revolutionise transportation and energy storage. Ballard’s fuel cells are used in everything from buses to forklifts, providing a clean alternative to traditional fuel sources. The cheapest stock in our list at only $1.61, analysts think it might soar over the next year, increasing in price by 170.84%.
Conclusion: The Future Is Green
The green energy revolution is here, and the companies leading the charge are paving the way for a more sustainable and profitable future. From EV charging infrastructure to solar power and clean energy alternatives, there are countless opportunities for investors looking to align their portfolios with the future of energy.
Whether you’re interested in the fast-growing electric vehicle market or the steady rise of solar and clean energy, now might be just the time to get in on the action. These companies are not only helping to fight climate change but also offering some seriously tasty investment opportunities. Ready to go green with your investments? Dive in and take a look at our ‘Green Energy’ neme, where we have grouped up these and other stocks in this growing sector.
Begin your investment journey with Nemo Money today! We’re welcoming new users who register a 50% registration bonus - we’ll give you 50% of whatever you top up your account with, up to a maximum bonus of $50. Happy investing!
