With energy costs continuing to rise as a result of concerns about supply shortages, investors may be interested in renewable energy stocks on the stock market.
Given that numerous countries have already committed to becoming carbon neutral by the mid-century mark under the Paris Agreement, investors are eyeing top green energy stocks that could ride this wave.
The delays in enacting infrastructure bills in the United States have hindered the development of clean energy options. The critical question is which renewable energy stocks are worth monitoring at the moment.
The stock price of the majority of energy penny stocks does not increase significantly over time, and they are quite volatile. Certain energy penny stocks sometimes make significant swings in response to a catalyst, such as news regarding new production, drilling findings, or increased demand. However, the possibilities of purchasing an energy stock before it makes a significant move are extremely slim, as many energy stocks remain stationary.
2022 is a poor year for several energy stocks due to the Covid-19, which results in decreased demand for fuels as more people stay at home rather than travel.
Renewable Energy Stocks: What Are They?
Renewable energy stocks are shares in businesses primarily focused on generating or selling renewable energy.
Governments throughout the world are increasing the number of solar parks, wind farms, and hydroelectric power facilities. Additionally, as global warming and climate change continue to dominate headlines, investors are showing an increased interest in renewable energy companies and stocks.
As costs decrease and green regulations become more prevalent, success in this industry becomes increasingly possible. However, not all countries have the same capacity for harnessing clean, renewable energy or the appropriate environment for particular energy projects.
China, the United States of America, and Brazil are among the world's leading producers of renewable energy. However, it's unsurprising that all of these top countries are also the largest energy consumers on the planet. For example, Norway, New Zealand, Brazil, and Colombia produce more than 75% of their energy from renewable sources.
What are Renewable Energy Stocks Under $1?
Energy penny stocks is a list of renewable energy penny stocks that trade for less than $1 and have a daily volume of greater than 300,000.
Many individuals look at the historical success of renewable energy stocks and the media coverage they have garnered, but they do not completely comprehend why investing in this sector and its related services have garnered so much interest.
The following are four primary reasons why I feel investors should include this industry in their strategy this year.
Capitalize on Possibilities for Growth
The phrase "growth stock" is frequently used in finance to refer to a company that has a positive cash flow and larger revenue expectations than its peers.
Not only does investing in some green technology and energy stocks on the NYSE offer a higher-than-average rate of return, but the wind utilities, solar energy, and energy storage industries as a whole are outperforming all other industries.
And renewable energy sectors do not only provide an opportunity to develop your investment fund; they can also provide you with income, which we will discuss next.
Obtain a Source of Consistent Revenue
Observing portfolios or mutual funds rise year after year reassures you that you are ensuring your financial future.
However, keep in mind that investing your money should also generate income in the form of dividends on a quarterly basis.
Fortunately, there are numerous utilities and high-tech businesses worldwide that today offer a competitive dividend yield and a track record of increasing those payments.
This implies that your investments will grow each year, freeing up funds to invest in other new possibilities around the world.
Maintain a healthy portfolio of personal assets
Additionally, investing in the renewable industry is an excellent method to avoid overexposure to particular sectors.
Diversification is the strongest defense against unexpected crashes in a single area. However, many investors have spent the last few years investing in a bank, finance, and computer technology stocks, missing out on the largest industry expansion since the 1990s Internet boom.
Invest in Sustainable Energy Stocks to Ensure a Green Future
Finally, investing in green and clean stocks has a moral component, as it enables new services and technology to scale to enormous economies of scale.
The more quickly these corporations can assist the world in transitioning to renewable electricity sources, the more beneficial the influence on climate change will be.
As with any investment, investing in renewable energy – such as wind energy stocks – carries a risk.
One of the most significant obstacles confronting renewable energy is direct competition with energy generated by fossil fuels, such as oil. As previously said, the sun does not shine at the same intensity every day, nor does the wind blow at the same pace. On the other side, fossil fuels can generate consistent power, and when prices are low, demand for renewable energy may suffer, resulting in a decline in renewable energy share.
Changes in government policy are another risk associated with investing in renewable energy. For instance, when Donald Trump was elected President-elect of the United States of America in 2016, many renewable energy shares plummeted due to legitimate fears about his probable approach to climate change policy.
Deloitte recently reported that wind and solar capacity additions totaled over 13.8 GW in the first eight months of 2021, an increase of approximately 28% year on year, despite supply chain difficulties affecting total production significantly. Green hydrogen investments and shifting supply chain strategies will be two major developments shaping the industry in 2022. Solar photovoltaic development has also made significant gains in urban and rural regions, with costs falling by 85 percent over the last decade.
Richard Sansom, head of research at S&P Global Market Intelligence, said that a record amount of new solar and wind projects would come online in the United States in 2022, adding 44 GW of solar and 27 GW of wind power to the national grid, along with 8 GW of battery storage. Sansom argues that as the energy transition gains momentum, regulators and utilities are increasingly focusing on the assets that will likely be left behind.
S&P Global projects that the US will spend $63 billion in 2022 on updating and modernizing energy and water infrastructure. Roughly $14 billion will be spent on utility-scale renewables during the period. Wastewater utility investments are also expected to increase in 2022. Rising interest rates and inflation could affect utility pricing, resulting in a mini-boom for an industry that has had its Return on Investment fall to its lowest level in decades in the aftermath of the pandemic.
Investors looking to profit from these growth patterns may want to explore investing in renewable energy stocks. For individuals unable to invest in energy titans such as Tesla Inc (NASDAQ: TSLA), Exxon Mobil Corporation (NYSE: XOM), Chevron Corporation (NYSE: CVX), and ConocoPhillips (NYSE: COP), among others, several penny stock options offer good growth potential at far lower pricing.
1. Ozop Energy Solutions, Inc. (OTCMKTS: OZSC)
Ozop Energy Solutions, Inc. manufactures a variety of components for businesses involved in the development of renewable energy solutions.
It develops, manufactures, and distributes high-energy chargers, inverters, and power supplies used in a variety of applications.
Prior to extending to other industries and enterprises, Ozop initially focused on the defense industry, heavy industries, aeronautical sector, and maritime sector.
The company is now focusing on establishing a position as a critical component supplier in the renewable energy market by supplying the assets and infrastructure necessary for renewable energy storage.
With the anticipated increase in demand for renewable energy, the company's stock is certain to appreciate as the green energy sector expands.
2. Enerkon Solar International (ENKS)
Enerkon Solar International ranks last on this list of penny stocks because the stock is extremely speculative. Despite the company's listing of high-value, sophisticated, and apparently successful projects, there are some red flags.
The website is patchy and greets users with false content in some areas, for starters. Additionally, the ENKS stock is split 50-50 on the Yahoo! Finance discussion board. While a substantial majority of the tales say that they profited from the stock, there are just as many comments urging investors to avoid it.
Nonetheless, Enerkon surged beyond $2 in early 2021, suggesting that it may be worth speculation. It is currently trading at a price of seven cents a share.
If the corporation is authentic, it clearly has an interest in renewable energy, having undertaken many projects such as a hydrogen electrolysis venture. If not, it serves as a powerful cautionary story for investors in the fickle world of penny stocks. That However, if it ever retests those previous highs, risk-tolerant investors might make a lot of money.
3. Manganese X Energy Corp. (OTCMKTS: MNXXF)
Manganese X Energy Corp. is a mineral exploration and mining corporation with its headquarters largely in Montreal, Quebec.
Manganese is a critical component of modern lithium-ion battery technology, and the company aspires to be an ethical manganese dioxide provider to battery manufacturers globally.
Manganese demand is expected to increase as rechargeable batteries become increasingly prevalent in many sectors for renewable energy systems.
Solar energy, wind turbines, tidal energy, and even electric automobiles all require Li-ion batteries at some point throughout the energy generation process, which puts Manganese X in an advantageous position.
4. Fernhill Corporation (OTCPK: FERN)
FERN is a multi-faceted technology holding firm. It acquires businesses in financial technology, cryptocurrency, artificial intelligence, and alternative energy sectors like solar and battery storage.
The stock is continuously rising as of this writing. Given the amount of attention it is receiving on Twitter, it could be a pump. Never believe anything that a social media promoter says. Advantage from the buzz by trading your patterns. Simply disregard it.
This one is worth monitoring to determine whether it adheres to my seven-step process. In my "Pennystocking Framework" DVD, I discuss the pattern in detail. It's worth $797, but you receive it complimentary when you enroll in my 30-Day Bootcamp.
5. Solar Alliance Energy Inc. (OTCMKTS: SAENF)
Solar Alliance Energy Inc. is a solar energy firm that specializes in solar energy system design, construction, and installation.
Commercial, industrial, and residential clientele are all served by the organization.
With high-quality solar energy systems that help clients save money on their electricity bills, the company has grown to become one of the most prominent solar energy solution suppliers in the southeastern United States.
The company designs and manufactures systems to meet any need, from household to large-scale solar applications.
SunBox – a one-size-fits-all solar energy solution — is the company's most popular product.
Solar Alliance has currently installed solar energy equipment in over 10,000 homes and businesses - a figure that is expected to rise.
One of the primary reasons we included it on our renewable energy stocks list is its rapidly rising customer base.
5. Ascent Solar Technologies, Inc. (OTCMKTS: ASTI)
Since 2005, Ascent Solar Technologies, Inc. has been developing cutting-edge solar technologies.
The business commercializes its cutting-edge CIGS photovoltaic technology – a flexible plastic solar panel system.
This thin-film solar panel is portable and easy to install due to its flexible, modular design.
As a unique solar panel solution, Ascent Solar's products find uses in a variety of industries, including space exploration, aerospace, defense, and everyday consumer use.
Ascent Solar has established itself as a market leader in the development of innovative solar energy products.
This company is likely to grow in lockstep with the solar industry as it continues to expand.
6. United States Antimony Corporation (NYSE: UAMY)
United States Antimony Corporation (NYSE: UAMY) is a metals and mining company with a sizable position in antimony, a metal used in the fabrication of semiconductors. These semiconductors are used to power solar systems, which are a major source of clean energy. The stock of United States Antimony Corporation (NYSE: UAMY) has seen increasing investor interest this year as interest in rare earths mining has surged in response to China's dismal production levels and increased worldwide demand due to supply chain constraints.
United States Antimony Corporation (NYSE: UAMY) has taken advantage of the mini-boom to amass a sizable cash pile, which it is using to expand production. The stock has returned more than 215 percent to investors over the last two years, and with demand for battery metals increasing, there is plenty of space for the United States Antimony Corporation (NYSE: UAMY) share price to rise further in the coming months.
Large hedge funds have increased their holdings in United States Antimony Corporation (NYSE: UAMY). Among those tracked by Insider Monkey, Chicago-based PEAK6 Capital Management is a significant shareholder in United States Antimony Corporation (NYSE: UAMY), owning 104,335 shares valued at more than $95,000.
7. SinglePoint Inc. (OTCPK: SING)
SinglePoint Inc. is active in a variety of fields, including solar energy, healthy living, and horticulture. From solar installation to air purification to hydroponic, health, and lifestyle products, we have you covered.
To be honest, it's difficult to discern the nature of some of these dubious penny stocks. That is why I am a pattern and price action stock in penny stocks, and none of these companies inspire confidence in me.
I traded this one in January and February, just before it exploded into a supernova.
Due to the company's massive 1:75 reverse stock split in March 2021, it has a low float of 35 million shares, which is unusual for a penny stock. The majority of these dubious stocks have hundreds of millions of shares, if not billions. With the right catalyst and sufficient volume, it may really take off.
8. Solar Integrated Roofing (SIRC)
Solar Integrated Roofing is a cheap stock with a market capitalization of less than $1. Since mid-March, it's been trading in that range. Additionally, like many of the other penny stocks on our list, it is traded on the volatile over-the-counter market.
Having said that, this solar panel roofing installation firm is unquestionably an investment at present. The company has declared preliminary unaudited record quarterly revenue of $25 million for the three months ending August 31, 2021. Now, CEO David Massey expects the company's growth will continue to accelerate and may perhaps double:
"Looking ahead, we will continue to concentrate our efforts on our corporate streamlining initiative in order to reduce expenses and maximize cost synergies [...] We expect that, as a result of our record sales growth, we will be profitable this fiscal year. Our results, combined with our share repurchase program, are accelerating our capital markets' progress toward audit completion and the submission of an application to list on the OTC Markets' OTCQB(R) Venture Market in the near term, with the goal of eventually uplisting to the Nasdaq."
If this firm continues on its current path and is eventually listed on the Nasdaq, the stock of SIRC should rise dramatically. In and of itself, A Nasdaq listing is a form of screening, and this would imply far higher commercial clout.
Conclusion
Globally, the world is moving away from fossil fuels and toward renewable energy sources. Additionally, as long as fossil fuels remain under pressure, alternative energy sources will begin to tip the balance away from them. This is a fantastic investment opportunity for penny stocks in the renewable energy sector. Energy can be a successful industry to invest in, but you should always be aware of the risks. Bear in mind that this is a field in which your research can have a huge impact.
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