Last Updated on January 29, 2024 by admin
The rising global acceptance of Green Technology has created a bullish market for environmental technology providers. People are now more aware of sustainability issues that have driven green energy stocks into an inflating market. As an umbrella term, Greentech refers to everything that reduces the impact on the environment. The global economy is shifting away from consuming fossil fuels to adopting green energy due to climate change concerns.
Investments within green energy stocks have, without a doubt, been skyrocketing recently. In order to keep up, here are five green energy stocks you should consider investing in, in 2022:
Clearway Energy (CWEN) has a market value of $3.7 billion and generated revenue of $1.2 billion in 2020. The company is operating and developing green energy projects in twenty-five states with a focus on solar and wind resources. The “community solar farm” is one of the many renewable energy project initiatives led by Clearway Energy. Subscriptions to this project are available to homes, commercial customers, and small businesses who will receive energy credits to reduce their electricity bills and consumption.
Brookfield Renewable is a leading company that produces hydroelectric energy globally. In 2021, 62% of its portfolio was made up of renewable energy. The company has energy storage capacities. Brookfield facilitates its consumers to go green through increased wind and solar energy distribution. It has produced an annual total return of 20%, making the company an outstanding performer. Due to its wide-ranging renewable energy projects, Brookfield is expected to grow up to 20% annually for the next three years. Powered by this projection, the company will be announcing annual dividends of 5% to 9%, making it one of the highest return generating green energy stocks.
One of the world’s leading automobile makers, Ford Motors, is doubling its footprint in adopting green technology. By 2030, Ford+ is aiming to achieve a goal of producing 40% of its global vehicle volume as electric vehicles. Ford has spent over $30 billion on the electrifying its vehicles, which includes a new battery technology, production procedures, and development expenditures. Ford has incorporated technologies from Alphabet, Apple, Baidu, and Amazon into its vehicles to enhance its digital services.
SolarEdge produces inverter systems that are fully optimized and help maximize the production of solar panel energy. Since its Initial Public Offering, the company has generated 50% of its annual return. Solar power is predicted to grow by 27% between now and 2050, according to a forecast. This projection will enable SolarEdge to expand its operations and grow its revenues exponentially.
Hannon Armstrong Sustainable Infrastructure Capital
Hannon Armstrong is the first-ever public company to invest in climate change as it believes in reaping the return from putting resources into environmentally-friendly solutions. To make a positive contribution to climate change, the company focuses exclusively on sustainability and renewable energy and has invested $7 billion in these areas. Since 2000, it has been involved in over 450 projects that were solely focused on sustainable infrastructure.