One of the sure-fire thematic investment themes lining up across markets over the coming decade is green-age technology, which includes EVs, solar power, alternative energy solutions, power grid AI technology, and a host of other smaller thematic puzzle pieces that represent new ways of solving old problems with a negative carbon footprint over time.
This is true not only for the obvious reason – it’s better for the planet – but also because consumers and investors are increasingly active about their choices, with sustainability becoming integrated into capital movement both in investment flows and in household and corporate spending behavior.
This has enormous implications for speculators in the stock market, and points to green tech stocks like Enphase Energy Inc (NASDAQ:ENPH), First Solar, Inc. (NASDAQ:FSLR), FuelCell Energy Inc (NASDAQ:FCEL), Plug Power Inc (NASDAQ:PLUG), NextEra Energy Inc (NYSE:NEE), and Green Stream Holdings Inc (OTC US:GSFI).
We highlight some interesting catalysts among these stocks below.
FuelCell Energy Inc (NASDAQ:FCEL) is a staple in the EV supplier space. The company designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation.
The company offers SureSource product line based on carbonate fuel cell technology in various configurations, including on-site power, utility grid support, distributed hydrogen, and micro-grid, as well as multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications.
FuelCell Energy Inc (NASDAQ:FCEL) recently announced progress toward achieving commercial deployment of its solid oxide fuel cell (SOFC) technology. The technical progress in ongoing programs is further advanced with additional funding provided by the U.S. Department of Energy (DOE). The Company is pleased to report that based on its progress and differentiated platform it has been awarded Phase 2 funding in the amount of $8 million for the previously announced ARPA-E project for development of ultra-high efficiency SOFC systems for power generation.
“We continue to make progress in advancing our solid oxide fuel cell platform toward commercialization with the aid of key DOE programs in addition to our own capital investment,” commented Jason Few, President and Chief Executive Officer of FuelCell Energy. “With the addition of solid oxide technology, FuelCell Energy offers one of the most complete portfolios of stationary fuel cell platforms in the industry. FuelCell Energy is committed to providing distributed power platforms that help modernize the electric grid, provide a path to decarbonization, deliver energy resiliency and offer a solution to more seamlessly integrate intermittent sources of renewable power like wind and solar.”
While this is a clear factor, it has been incorporated into a trading tape characterized by a pretty dominant offer, which hasn’t been the type of action FCEL shareholders really want to see. In total, over the past five days, shares of the stock have dropped by roughly -9% on above average trading volume. All in all, not a particularly friendly tape, but one that may ultimately present some new opportunities.
FuelCell Energy Inc (NASDAQ:FCEL) generated sales of $14M, according to information released in the company’s most recent quarterly financial report. That adds up to a sequential quarter-over-quarter growth rate of -6.2% on the top line. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($156.5M against $56.2M).
Green Stream Holdings Inc (OTC US:GSFI) is a potentially disruptive player in the solar marketplace that targets commercial property owners with a surplus of rooftop or sky-facing square footage space for installation of photovoltaic systems to harness energy access at prices outcompeting local utility pricing. The company is also working actively on projects in the rapidly growing urban gardening sector with solar greenhouses dedicated primarily to rooftop farming
GSFI uses solar power purchase agreements (PPAs) or equipment leasing arrangements with the property owners, and benefits from marginal efficiencies as well as various federal or state tax credits, regulatory agency rebates, and long-term revenue streams generated from the sale of the harnessed electricity.
Green Stream Holdings Inc (OTC US:GSFI) announced last week that the topographical survey associated with its project at 4290 Austin Blvd, Island Park, NY has been completed.
According to its release, the Company had previously contracted with a land surveyor, Ramsay Land Surveying, PC to conduct Topographical Surveys and/or Elevation Certificates for five sites in New York. Ramsay Land Surveying, PC is close to completing the other two surveys which will allow the Company to take the final steps to getting the required permits to begin operations.
CEO James DiPrima said: “Now that the Station Road site survey is completed will allow us to meet the requirements to obtain the permits which will allow us to begin working on these site… with more to follow. It’s an exciting time for the Company and we are looking forward to take the next steps with these properties and others to follow.”
Green Stream Holdings Inc (OTC US:GSFI) could be an undervalued speculative play given the discount priced into shares in recent action, especially since the company appears to be approaching a more active degree of commercial success if its current projects advance as planned. Solar plays have been working well lately as momentum builds around the infrastructure bill, and GSFT could be a big beneficiary.
NextEra Energy Inc (NYSE:NEE) is a key electric power and energy infrastructure player that operates through 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.”
The context for this announcement is a bit of a bid, with shares acting well over the past five days, up about 4% in that timeframe.
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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