1 Ocean Power Technologies Inc
22. NextEra Energy
NextEra Energy (Ticker: NEE) is the world’s largest producer of wind and solarenergy, with more than 45,500 megawatts of net generating capacity. Thecompany is one of America’s largest capital investors in infrastructure, with$50-55 billion planned investments through 2022. It ranked No.1 in theelectric and gas utility industry on Fortune’s list of Most Admired Companiesin 2020.With over 148 billion market cap, NEE stock is among the components of the S&P500. The company also pays quarterly dividends. The annual dividend of NEEstock is $1.54.
25. Berkshire Hathaway
Berkshire Hathaway (Ticker: BRK.B) is the giant holding company of legendaryinvestor, Warren Buffett. It is one of the favorite stocks of millennials. Thecompany ranked No. 6 in Fortune 500 Companies in 2020 among the largestcompanies in the USA in terms of revenue.Berkshire Hathaway also has a stock portfolio of popular companies like Apple,Coca-Cola, American Express, Bank of America, Wells Fargo, among others.BRK.B has over 590 billion market cap and is among the finest stocks listed inthe S&P 500. Berkshire Hathaway also manages well-known brands, includingDairy Queen, Fruit of the Loom, NetJets, GEICO, Helzberg Diamonds, PamperedChef, and Kraft Heinz and many more.Stock| Buy-Below-Price| Target Price —|—|— Microsoft (MSFT)| 271| 298 MasterCard (MA)| 359| 395 Alphabet (GOOG)| 2227| 2450 Amazon (AMZN)| 3750| 4125 Apple (AAPL)| 150| 165 Tesla (TSLA)| 818| 900 Visa (V)| 218| 240 Starbucks (SBUX)| 105| 115 NVIDIA (NVDA)| 568| 625 Walmart (WMT)| 150| 165 JPMorgan Chase (JPM)| 136| 150 Salesforce.com (CRM)| 255| 280 Square (SQ)| 250| 275 Netflix (NFLX)| 636| 700 Adobe (ADBE)| 486| 535 Paypal (PYPL)| 286| 315 McDonald’s (MCD)| 205| 225 Advance Micro Devices (AMD)| 100| 110 Boeing (BA)| 205| 225 ServiceNow (NOW)| 559| 615 Facebook (FB)| 273| 300 NextEra Energy (NEE)| 82| 90 UnitedHealth (UNH)| 350| 385 Home Depot (HD)| 295| 325 Berkshire Hathaway (BRK.B)| 227| 250 Disclosure: I am a long term investor of some of the stocks mentioned. I wrotethis article myself, and it expresses my own opinion. This content is forinformation purposes only and should never be considered as professionaladvice. Every investor has different risk tolerance and goals. Always do yourown research to meet your goals. All investments have risks. Risk only capitalyou’re not afraid to lose. I have no business relationship with the companieswhose stocks have been mentioned.
NextEra Energy (NEE)
Source: Gorodenkoff / Shutterstock.comOne of the most popular renewable energy stocks, NextEra Energy is, accordingto its website, the world’s largest producer of wind and solar energy. Thisimmediately puts NEE stock on fertile ground, given the social and politicalenvironment. Not surprisingly, NEE stock has bounced back strongly from theMarch doldrums, gaining nearly 27% year-to-date.Still, there is something to be said about everyone betting on the same horse.As InvestorPlace.com contributor Vince Martin pointed out recently, NEE stockisn’t the cheapest bet in the renewables sector. However, he makes theargument that it shouldn’t be priced at a discount. With its dominant marketposition, NextEra Energy affords itself a relevant path forward. Specifically,Martin notes: “That scale positions NextEra to profit in however the renewablerevolution plays out. Whether it’s long-awaited battery storage, or bettersolar farms, NextEra is going to have its hand in projects around thecountry.”Barring an unusual event, such as the highly unlikely scenario of faithlesselectors overriding the will of the American people, NEE should enjoy steadyupside in the years ahead.
Renewable Energy Group (REGI)
Source: ShutterstockOne of the beautiful aspects of renewable energy stocks is that the sectorisn’t exclusively focused on replacing one industry with another. That’s amisconception with the green revolution. Rather, companies like RenewableEnergy Group have enjoyed tremendous success and relevance because ofimproving already established infrastructure. If we can extend the life ofproducts or enhance their efficiency, this will ameliorate the massive wasteproblem in the U.S. and across the world.For REGI stock specifically, the underlying business is tied to alternativefuels, such as biodiesel and renewable diesel. Rather than attempting to“force” trucking fleets to buy all-new transportation vehicles, retrofittingexisting infrastructure to accept alternative fuels can be an effectivetransition. As well, these energy sources provide performance benefits, suchas improved efficiency/mileage and cleaner combustion.Like other renewable plays, REGI stock has skyrocketed in the past few months.Therefore, a risk of bag-holding exists. Nevertheless, the long-haul pictureshould be favorable for Renewable Energy Group as it provides a practicalapproach to clean energy.
1. Ocean Power Technologies, Inc.
Ocean Power Technologies commercializes proprietary systems that createelectricity. As their name suggests, they primarily harness energy from thekinetic power of the ocean’s waves. The company has multiple segments whichare broken down along geographical lines. There are segments for NorthAmerica, Europe, Asia, and Australia.Hovering around $4.80 per share, Ocean Power Technologies’ stock is one of thehot energy penny stocks on our radar.Overall market sentiment has been high on OPTT stock lately. It receives aBullish rating from InvestorsObserver’s Stock Sentiment Indicator.One of the things that potentially make OPTT stock one to watch is itsposition in the renewables market. Joe Biden’s presidency has a large goal ofmoving the United States toward sustainable power within the next decade orso. With that in mind, it could be that companies like Ocean Power will growin popularity.This exciting alternative energy company acquired 3Dent Technology, anoffshore alternative energy engineering and design services company based inHouston, Texas just a few weeks ago. 3Dent’s services expand OPT’s ability toprovide comprehensive solutions to customers operating in offshore wind andoffshore oil and gas.As of this new merger, 3Dent Technology will operate under its current brandname as a wholly-owned subsidiary of OPTT.
3. Clean Energy Fuels Corp
Don’t sleep on this penny stock to watch. Just last year (March 2nd 2020) thecorporation was trading at $2.16 on the stock chart, and since then it’s grownto $13 a share. California-based Clean Energy Fuels Corp (CLNE on the NYSE)provides clean gas and alternative fuels for vehicle fleets in North America.They’re one of my favorite green energy penny stocks at the moment. Thecompany also builds and manages compressed natural gas (CNG) and liquifiednatural gas (LNG) fueling stations.On February 8th, the clean energy company announced that the Los AngelesCounty Metropolitan Transportation Authority (Metro) has signed a newagreement for an estimated 47.5 million gallons of its renewable gas (RNG) tofuel the nation’s largest transit bus fleet.This agreement will mark the completion of Metro’s 5-year goal to transitionits diesel fleet to cleaner, low-carbon fuel, with 2,400 buses now running onRNG—the first renewable and commercially available vehicle fuel made entirelyfrom organic waste. This and a few other recent deals have seen the company’sstock shoot up by over 37% following the breaking newsIt’s one of those alternative energy penny stocks that you need to keep youreyes on (or better yet take a look at investing)CLNE also recently announced a partnership with Chevron to help Chevronproduce renewable natural gas. This and a few other recent deals have seen thecompany’s stock shoot up by over 20% following the breaking news. The stock isstill trading at $17.74 on the stock chart and is one of the hottestenvironment friendly penny stocks to watch. We have a strong buy rating onthis clean energy penny stock based on a promising outlook for the future.
5. Yingli Green Energy Holdings Ltd.
Lastly, we have Yingli Green Energy Holdings Ltd. The $0.98 share on the stockchart is one of many Chinese green energy penny stocks although it’s one ofthe cheaper ones you’ll find for a Chinese solar panel manufacturer. Yingli’sestimated annual revenue last year was $700m USD.According to a report published on Bloomberg, the Crystalline silicon solar PVmodules Market to grow by $46.90 in 2021. This would put a small company likeYingli on the forefront of a bullish market sentiment between 2021 and 2025.You can read the article about this exciting company to buy hereMore specifically, Yingli Green Energy Holdings Ltd produces photovoltaiccells and modules, as well as entire photovoltaic systems. It also developsand operates solar electricity projects.
Best Clean Energy Stocks Above $5
There are also several better-established energy sector companies with stocksthat sell for more. Companies like Urja Global above could easily be seen asspeculative. Energy penny stocks can net you a great profit if you investwisely long term, but the alternative energy corporations below are tried andtested in the industry. Instead of energy penny stocks to buy, here are thebest energy stocks above $5.P.S: These are the companies on my watchlist I’m dollar cost averaging inevery month for long term growth. These should be stocks to watch on yourlist.
1. NextEra Energy Inc
NextEra Energy Inc is one of the largest alternative energy businesses inNorth America. Last year, they generated a revenue of 18 billion USD. Theclean energy company has over 14,000 employees in the US and Canada. Together,they produce approximately 45,900 megawatts of environmentally green powerevery year. This resulted in a profit of over $17 billion in 2017. Shares ofNextEra Energy (NYSE:NEE) rallied 27.4% in 2020, according to data provided byS&P Global Market Intelligence.One of the great things about NextEra Energy is that the company doesn’t onlyproduce energy. It also one of the biggest utility companies in the UnitedStates, and it invests billions of dollars in infrastructure. The company canalso brag that it’s the largest single producer of wind and solar power in theworld. So, it’s a hot investment pick if you’re looking for a defensiveinvestment in a well established company.I’m bullish on NEE, just like electric vehicles stocks in my portfolio likeNIO.
2. Renewable Energy Group Inc.
As another established sustainable clean energy company, REGI is a biodieselproduction company based in Iowa. The company currently operates 14biorefineries and one feedstock processing facility.REGI Group became a Fortune 1,000 corporation in 2018. It is now one of themost well-established clean energy companies dedicated to biodiesel.As noted by Seeking Alpha, REGI is also uniquely positioned to benefit fromgrowing commitments to carbon reductions from other countries, state and localgovernments, investors, and individual companies. Quoting management from the2020 Investor Day:“companies are making commitments to reduce carbon… To highlight just acouple, Amazon has made the commitment to be net zero carbon across theirbusiness by 2040, 10 years ahead of the Paris Climate Agreement; Microsoft hasvowed to be carbon negative by 2030. REG has a solution today with ourproducts to help these companies begin this hard work today. Investors arealso making commitments, and they’re acknowledging that everyone has a role toplay. BlackRock states that every government, company and shareholder mustconfront climate change, we could not agree more.”
Why choose Clean/Green Energy Penny Stocks?
The rise of green energy is a defining movement of the 21st century.Governments around the world and in the US have attempted to increase theproduction of renewable and green energy for environmental purposes. Recently,it has become more apparent that most US consumers feel similarly. The needfor clean and green energy manufacturing is clear.The shift in state and consumer attitudes to green energy has spawned a newdrive for businesses trying to profit from this new demand. That’s whyalternative power penny stock investment represents a lucrative newopportunity for investors. This hyper relevant green, renewables market isonly set to grow in the near future with several key companies we’ve listed inthis article poised for historical bull runs in 2021.
Geothermal Energy Companies Stocks (Extra Hot Picks)
Geothermal energy is reliable and environmentally friendly. The efficiency itoffers makes geothermal energy companies stocks another option for investorsin new energy companies.