The transition to the clean energy paradigm is one of the most surefire secular investment premises in play today, mostly due to the fact that – according to Morgan Stanley data – millennials will inherit over $68 trillion in generational investment wealth over the coming 10 years, and there’s plenty of data showing where attitudes are around climate change, industry, and the need for action.
Those who control the capital control the thematic playing field among investible assets.
Companies will see board control shift as investor interests shift. That governance factor is already starting to come into play. From there, capital and governance will begin to have full control, shaping the future of the energy industry according to the clean energy paradigm.
$68 trillion carries a big stick.
This has enormous implications, especially for companies moving into position within the context of this theme, including Clean Energy Fuels Corp (NASDAQ:CLNE), NextEra Energy Inc (NYSE:NEE), Enphase Energy Inc (NASDAQ:ENPH), Brookfield Renewable Partners LP (NYSE:BEP), Bloom Energy Corp (NYSE:BE), and Viking Energy Group Inc (OTC US:VKIN).
Clean Energy Fuels Corp (NASDAQ:CLNE) bills itself as a company that engages in the provision of natural gas as an alternative fuel for vehicle fleets in the United States and Canada.
CLNE also builds and operates compressed natural gas (CNG) and liquefied natural gas (LNG) vehicle fueling stations; manufacture CNG and LNG equipment and technologies; and deliver more CNG and LNG vehicle fuel.
Clean Energy Fuels Corp (NASDAQ:CLNE) recently announced its operating results for the second quarter of 2021, where delivered 101.4 million gallons in the second quarter of 2021, a 13% increase from 89.5 million in the second quarter of 2020. This increase was principally from the lifting of certain restrictions related to the COVID-19 pandemic, primarily affecting the airports and public transit customer markets. Renewable natural gas (“RNG”) gallons delivered increased 19% in the second quarter of 2021 compared to the second quarter of 2020.
Andrew J. Littlefair, Clean Energy’s President and Chief Executive Officer, stated “In the second quarter we completed the most important commercial agreement in the history of our Company with Amazon, our business has begun to return to pre-COVID-19 levels, we raised $200 million in growth capital, our earnings were better than expected and there continues to be an increasing understanding of the role our renewable fuel can play today in addressing climate change. We’re also executing on our plans to develop low CI renewable natural gas and to provide renewable natural gas from additional sources to our nationwide fueling network.”
If you’re long this stock, then you’re liking how the stock has responded to the announcement. CLNE shares have been moving higher over the past week overall, pushing about 14% to the upside on above average trading volume. CLNE shares have been relatively flat over the past month of action, with very little net movement during that period.
Clean Energy Fuels Corp (NASDAQ:CLNE) managed to rope in revenues totaling $942K in overall sales during the company’s most recently reported quarterly financial data — a figure that represents a rate of top line growth of -98.4%, as compared to year-ago data in comparable terms. In addition, the company has a strong balance sheet, with cash levels exceeding current liabilities ($254.2M against $84.8M).
Viking Energy Group Inc (OTC US:VKIN) is an interesting smaller cap play that highlights the potential for more traditional oil and gas plays to move in the clean energy direction. The company is gaining ground after getting some good news from its majority-owner, Camber Energy Inc (NYSEAMERICAN:CEI), which recently secured a $15 million equity transaction from a key Institutional Investor.
The company engages in the acquisition, exploration, development, and production of oil and natural gas properties, and owns and invests in oil and gas assets located in North America in Kansas, Missouri, Texas, Louisiana, and Mississippi. However, that story may be expanding in important ways at this point, including in the clean energy direction.
Viking Energy Group Inc (OTC US:VKIN) recently announced that it has entered into an Exclusive Intellectual Property License Agreement with ESG Clean Energy, LLC (“ESG”) regarding ESG’s patent rights and know-how related to stationary electric power generation, including methods to utilize heat and capture carbon dioxide. This has the potential to catapult VKIN into a key position in the clean energy space.
According to the release, the ESG Clean Energy System is designed to generate clean electricity from internal combustion engines and utilize waste heat to capture ~ 100% of the carbon dioxide (CO2) emitted from the engine without loss of efficiency, and in a manner to facilitate the production of precious commodities (e.g., distilled/ de-ionized water; UREA (NH4); ammonia (NH3); ethanol; and methanol) for sale.
James Doris, President and Chief Executive Officer of Viking, commented, “In my view this transaction positions us as an industry leader in terms of being able to assist with the power generation needs of commercial and industrial organizations while at the same time helping them reduce their carbon footprint to satisfy regulatory requirements or to simply follow best ESG-practices. We are excited to be able to use the platform of Simson-Maxwell Ltd., our recently acquired majority-owned subsidiary, to promote the ESG Clean Energy System.”
Viking Energy Group Inc (OTC US:VKIN) also noted that the ESG Clean Energy System is designed to be utilized within a number of different environments, including Plastics Recycling Operations, Nitrogen Removal, Microgrids, Data Centers, and Crypto Mining Operations.
NextEra Energy Inc (NYSE:NEE) has been red-hot as money flows into the green tech space amid high-profile federal moves to invest in the space through infrastructure spending. The company a key electric power and energy infrastructure player that operates through the following its FPL & NEER segments. The FPL segment engages primarily in the generation, transmission, distribution, and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.
NEE provides full energy and capacity requirements services; engages in power and gas marketing and trading activities; participates in natural gas production and pipeline infrastructure development; and owns a retail electricity provider.
NextEra Energy Inc (NYSE:NEE) recently announced a comprehensive, four-year rate settlement agreement developed jointly with the Florida Office of Public Counsel – the state’s consumer advocate – as well as the Florida Retail Federation, the Florida Industrial Power Users Group and the Southern Alliance for Clean Energy, that would phase in new rates starting in 2022. The agreement would support continued long-term investments in infrastructure, clean energy and innovative technology – including the largest solar buildout in the United States – while keeping FPL’s typical residential customer bills well below the national average through the end of 2025.
“This agreement is a big win for all 5.6 million FPL customers and our state, and it demonstrates what can be achieved through a collaborative process,” said FPL President and CEO Eric Silagy. “In a rapidly growing state on the front lines of climate change, our customers deserve bold and decisive, long-term actions as we build a more resilient and sustainable energy future all of us can depend on, including future generations. This agreement paves the way for FPL to continue delivering America’s best energy value – electricity that’s not just clean and reliable, but also affordable.”
Even in light of this news, NEE hasn’t really done much of anything over the past week, with shares logging no net movement over that period. Shares of the stock have powered higher over the past month, rallying roughly 9% in that time on strong overall action.
NextEra Energy Inc (NYSE:NEE) managed to rope in revenues totaling $5.4B in overall sales during the company’s most recently reported quarterly financial data — a figure that represents a rate of top line growth of 23.7%, as compared to year-ago data in comparable terms. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($959M against $16.8B, respectively).
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