Sign In  |  Register  |  About Los Altos  |  Contact Us

Los Altos, CA
September 01, 2020 1:26pm
7-Day Forecast | Traffic
  • Search Hotels in Los Altos

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Are These Renewables Stocks Set for MASSIVE Growth?

ValueTheMarkets.com News Commentary: The enormous growth of renewable energy capacity and availability is creating a real variety of exciting opportunities for the discerning investor. This article discusses the issue with reference to First Solar (NASDAQ: FSLR), Brookfield Renewable Partners (NYSE: BEP), Ormat Technologies (NYSE: ORA) and Jericho Energy Ventures (TSXV: JEV) (OTC: JROOF).

Renewables are seeing enormous growth. According to the International Energy Agency, 2022 was a record year for renewable electricity capacity additions and this is set to be smashed by an unprecedented level of acceleration this year as new capacity hits 440 GW. This momentum is enormous for green tech stocks and is boosting investor, analyst and corporate confidence. First Solar is adding new manufacturing capacity, Ormat Technologies is upping storage capabilities and Brookfield Renewable Partners is investing heavily across the board.

Renewables growth is fantastic for BUY-rated Jericho Energy Ventures (TSXV: JEV) (OTC: JROOF), which produces zero-emissions tech that relies on renewable hydrogen energy. The company saw its analyst price target upgraded by Atrium Research, jumping from C$0.40 to C$0.50. This boost follows strong news from the clean hydrogen specialist, including several partnership and customer wins. The company won a first order for its unique zero-emissions hydrogen boiler technology from one of America's biggest universities. It's also signed a deal to collaborate with one of the planet's leading alcoholic beverage brands on a decarbonization study, which could lead to sales from a gigantic customer. It seems analysts have recognized that the company is starting to build the kind of momentum that could lead to more major share price growth.

First Solar (NASDAQ: FSLR) is, unsurprisingly, a major player in the solar energy game. The company has just announced plans for a fifth US factory, with this $1.1bn expansion anticipated to grow manufacturing capacity by 3.5 gigawatts (GW) to reach approximately 14 GW in the US and 25 GW globally in 2026. The business is throwing major weight behind expansion, having committed to over $2.8bn in capital investment and 7.9 GW of additional manufacturing capacity in the US over the last year. Its massive confidence in the part solar will play in the green transition has been mirrored to some degree by investors. That's because recent months have seen the company enjoy significant share price growth, with gains of over 30% across the year to date and almost 100% over the last 12 months. As such, the business looks like a key renewable energy player for the future.

Brookfield Renewable Partners (NYSE: BEP) operates a massive array of renewable energy assets. The company's portfolio consists of hydroelectric, wind, solar, distributed energy and sustainable solutions across five continents. Like others in the space, it is splashing out on new green energy acquisitions to bolster its stock of green tech. The company's most high-profile recent acquisition is that of Duke Energy Renewables, a fully integrated developer and operator of renewable power assets, for $1.05bn in equity proceeds. This newly snapped-up business has 5,900 megawatts of operating and under construction wind, utility-scale solar and storage assets, and a 6,100-megawatt development pipeline. The move means that the business will have a total of almost 90,000 megawatts of operating and development assets, making it one of the largest renewable energy powerhouses in the US. It's safe to say that the company is all in on a renewable future.

Geothermal power specialist Ormat Technologies (NYSE: ORA) has broken new ground in the renewable energy game this year, bringing its newest and most advanced power plant project online in May. The impact of the project is significant, with the business claiming it will power 22,000 homes and reduce 3.5 million tons of atmospheric carbon dioxide. In total, the company's second quarter saw it add approximately 100 MW of total capacity in geothermal, solar, and storage assets. More is on the way too, with the company having commenced construction of a 50MW geothermal project in New Zealand, as well as three new energy storage facilities. CEO Doron Blachar has noted "increasing demand globally for geothermal energy" as general interest in renewables accelerates, boosting the company's confidence that it will be able to take advantage of growth opportunities in the coming months.

The massive acceleration of renewable energy availability is leading to major opportunities in many different areas. Brookfield Renewable Partners is backing the sector to broadly succeed, but specialists like Ormat Technologies and First Solar have found niche areas to exploit in the ongoing green revolution. Perhaps most interesting are businesses like Jericho Energy Ventures, which look beyond power generation to bring the revolutionary technologies that are made possible through renewable energy acceleration.

IMPORTANT NOTICE AND DISCLAIMER

PAID ADVERTISEMENT

This communication is a paid advertisement. ValueTheMarkets is a trading name of Digitonic Ltd, and its owners, directors, officers, employees, affiliates, agents and assigns (collectively the "Publisher") is often paid by one or more of the profiled companies or a third party to disseminate these types of communications. In this case, the Publisher has been compensated by Jericho Energy Ventures Inc. to conduct investor awareness advertising and marketing and has paid the Publisher the equivalent of two hundred and sixty thousand US dollars to produce and disseminate this and other similar articles and certain related banner advertisements. This compensation should be viewed as a major conflict with the Publisher's ability to provide unbiased information or opinion.

CHANGES IN SHARE TRADING AND PRICE

Readers should beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you receive this communication, which has the potential to adversely affect share prices. Frequently companies profiled in our articles experience a large increase in share trading volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases. The investor awareness marketing may be as brief as one day, after which a large decrease in share trading volume and share price may likely occur.

NO OFFER TO SELL OR BUY SECURITIES

This communication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security.

INFORMATION

Neither this communication nor the Publisher purport to provide a complete analysis of any company or its financial position. This communication is based on information generally available to the public and on an interview conducted with the company's CEO, and does not contain any material, non-public information. The information on which it is based is believed to be reliable. Nevertheless, the Publisher does not guarantee the accuracy or completeness of the information. Further, the information in this communication is not updated after publication and may become inaccurate or outdated. No reliance should be placed on the price or statistics information and no responsibility or liability is accepted for any error or inaccuracy. Any statements made should not be taken as an endorsement of analyst views.

NO FINANCIAL ADVICE

The Publisher is not, and does not purport to be, a broker-dealer or registered investment adviser or a financial adviser. The Publisher has no access to non-public information about publicly traded companies. The information provided is general and impersonal, and is not tailored to any particular individual's financial situation or investment objective(s) and this communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor or a personal recommendation to deal or invest in any particular company or product. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the advertised company's SEC, SEDAR and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk. Past performance does not guarantee future results.

FORWARD LOOKING STATEMENTS

This communication contains forward-looking statements, including statements regarding expected continual growth of the featured companies and/or industry. Statements in this communication that look forward in time, which include everything other than historical information, are based on assumptions and estimates by our content providers and involve risks and uncertainties that may affect the profiled company's actual results of operations. These statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results and performance to differ materially from any future results or performance expressed or implied in the forward-looking statements. These risks, uncertainties and other factors include, among others: the success of the profiled company's operations; the size and growth of the market for the company's products and services; the company's ability to fund its capital requirements in the near term and long term; pricing pressures; changes in business strategy, practices or customer relationships; general worldwide economic and business conditions; currency exchange and interest rate fluctuations; government, statutory, regulatory or administrative initiatives affecting the company's business.

INDEMNIFICATION/RELEASE OF LIABILITY

By reading this communication, you acknowledge that you have read and understand this disclaimer in full, and agree and accept that the Publisher provides no warranty in respect of the communication or the profiled company and accepts no liability whatsoever. You acknowledge and accept this disclaimer and that, to the greatest extent permitted under applicable law, you release and hold harmless the Publisher from any and all liability, damages, injury and adverse consequences arising from your use of this communication. You further agree that you are solely responsible for any financial outcome related to or arising from your investment decisions.

TERMS OF USE AND DISCLAIMER

By reading this communication you agree that you have reviewed and fully agree to the Terms of Use found here https://www.valuethemarkets.com/terms-conditions/ and acknowledge that you have reviewed the Disclaimer found here https://www.valuethemarkets.com/disclaimer/. If you do not agree to the Terms of Use, please contact valuethemarkets.com to discontinue receiving future communications.

INTELLECTUAL PROPERTY

All trademarks used in this communication are the property of their respective trademark holders. Other than valuethemarkets.com, the Publisher is not affiliated, connected, or associated with, and the communication is not sponsored, approved, or originated by, the trademark holders unless otherwise stated. No claim is made by the Publisher to any rights in any third-party trademarks other than valuethemarkets.com.

AUTHORS: VALUETHEMARKETS

valuethemarkets.com and Digitonic Ltd and our affiliates are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above. This article does not provide any financial advice and is not a recommendation to deal in any securities or product. News and research are not recommendations to deal, and investments may fall in value so that you could lose some or all of your investment. Past performance is not an indicator of future performance. ValueTheMarkets do not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above piece. ValueTheMarkets have been paid to produce this piece by the company or companies mentioned above. Digitonic Ltd, the owner of valuethemarkets.com, has been paid for the production of this piece by the company or companies mentioned above.

Contact Details

ValueTheMarkets

+44 141 530 4080

editor@valuethemarkets.com

Company Website

https://www.valuethemarkets.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 LosAltos.com & California Media Partners, LLC. All rights reserved.