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High Renewable Power Shares To Purchase Immediately? three On your checklist

June
24, 2021

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This story originally appeared on StockMarket

Top Renewable Energy Stocks To Watch For Now

As most people know, the long-term path of the energy industry is towards renewable energies. Because of this, I can understand whether stocks are made from renewable energy sources are among the most active stocks on the stock market today. For the most part, the clean energy industry continues to gain momentum due to the underlying factor of climate change. In fact, world leaders around the world are trying to address the current climate crisis. This would mean more funding and legal support for players in the renewable energy sector, which would stimulate innovation and growth in this area. For example, the European Union plans to use billions of euros by 2027 to become climate neutral. This is to be done through the European Green Deal, which focuses on carbon-intensive regions.

Over the past year, investors flocked and flocked to Pureplay energy companies. We can see this in hydrogen stocks like Plug Power (NASDAQ: PLUG) and solar companies like SunPower (NASDAQ: SPWR). Both the PLUG share and the SPWR share expect gains of over 420% during this period. In the meantime, the automotive industry also seems to be getting involved in the green energy campaign. From electric vehicle (EV) manufacturers like Nio (NYSE: NIO) to pick-and-shovel games like ChargePoint Holdings (NYSE: CHPT), there is likely a renewable energy stock for most investors.

All in all, we seem to be anticipating a cross-industry shift towards sustainable energy sources. Likewise, I wouldn't be surprised to see investors now doing the same with top renewable energy stocks. If you feel like joining this group of investors, here are three headlines on the stock market now.

Top Renewable Energy Stocks To Watch For

Clean Energy Fuels Corp.

Clean Energy Fuels is one of the largest providers of clean fuel for the country's transportation market. The aim is to decarbonise transportation through the development of renewable natural gas (RNG), which is obtained from organic waste. Through the company's services, thousands of vehicles can reduce the amount of climate-warming greenhouse gas from 60% to over 400%, depending on the source of the RNG. CLNE stock is currently trading at $ 11.04 at the end of Wednesday's trading day and is up over 400% over the past year.

In May, the company announced that Chevron (NYSE: CVX) is investing an additional $ 20 million in the Adopt-A-Port initiative with CLNE. The initiative will allow truck operators to subsidize the cost of buying new or converting to RNG powered trucks. Clean Energy will manage the program and provide tank services to qualified truck operators. "Chevron's increased commitment to this project will allow us to cheaply fund smaller, independent operators, which means cleaner, natural gas-powered trucks run in ports," said Greg Roche, vice president of sustainability for Clean Energy. "The resulting positive environmental impacts will help to reduce local air pollution and at the same time eliminate climate pollutants."

On May 6, 2021, Clean Energy reported that it had shipped 92.4 million gallons of RNG and quarterly sales were $ 77.1 million for the first quarter of 2021. During the quarter, the company also entered into a fuel agreement with Amazon (NASDAQ: AMZN) to supply the latter with potentially hundreds of millions of gallons of RNG. Given the exciting developments around the company, are you considering buying CLNE stock?

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Tesla Inc.

Tesla is a renewable energy company focused on electric vehicles and solar panels. The company has made great strides in both electric vehicles and the stock market. With its industry-leading electric vehicles, Tesla has garnered a lot of attention over the past year as the world increasingly moves to electric vehicles. TSLA stock is currently trading at $ 656.57 on Wednesday's closing bell.

Top Electric Vehicle Stocks To Buy Now (Tsla Share)

In April the company released its latest quarterly results. In it, the company reported that it had achieved its highest vehicle production and deliveries to date. GAAP net income reached $ 438 million for the quarter, while non-GAAP net income exceeded $ 1 billion for the first time in the company's history. The Model 3 is still his best-selling premium sedan worldwide.

On Wednesday, the company announced that it had opened a solar-powered charging station with its own electricity storage facility in the Tibetan capital Lhasa. This would be the first plant in China. The country is Tesla's second largest market, but it would be the country's first charging station with dedicated solar and electricity storage on site. All in all, are you going to buy TSLA stock?

(Continue reading) The Best Dividend Stocks To Buy Today? 3 To see before July 2021

General Electric Company

Then we have the multinational conglomerate General Electric, based in New York. In short, the company's extensive portfolio includes the aerospace, healthcare, additive manufacturing and renewable energy sectors, among others. As of today's article, we're taking a look at the company's renewable energy division, GE Renewable Energy (GERE). General Electric estimates that GERE is now a $ 15.7 billion company and has one of the broadest renewable energy portfolios in the industry. These consist of utility-scale wind, hydro and solar energy solutions, to name a few. As it stands, GE stock closed the session on Wednesday at $ 12.95 per share.

best epicenter stocks (GE stock)

On the operational front, GERE does not seem to be sitting idle at the moment. Earlier this month the division successfully signed a major wind power project in New Delhi, India. Working with local renewable energy company Continuum Green Energy, GERE will deliver, install and commission 55 sets of its onshore wind turbines on site. According to the company, the project could potentially provide 125,000 households across India with green energy. As if that weren't enough, GERE is also working hard today to drive innovations in green technology. As of today, the subsidiary LM Wind Power is working together with the sustainable energy research company TNO Energy Transition. The duo is now working together on the Turbine Improvements for Additional Energy project and refining the rotor blade technology of wind turbines.

Overall, General Electric appears to be very active in the renewable energy sector. From expanding the portfolio to improving existing technologies, this is obvious. In addition, the company could expect a tailwind as the demands of the industry on the aviation front rise. Given all that, would you consider GE as a top buy now?

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