On speculation Joe Biden could win the election, clean energy stocks are pushing higher.
All as investors get swept up by the possibility he could win. Plus, he reportedly has a $2 trillion sustainable energy infrastructure plan that could make the U.S. carbon free by 2035.
“Assuming Joe Biden is elected and the Democrats have a majority in both houses of Congress, then investments in infrastructure stocks (or infrastructure ETFs) should receive a high priority,” says David Kass, Clinical Professor Finance at the University of Maryland’s Robert H. Smith School of Business. “Climate related opportunities in solar and wind power, batteries for electric vehicles and electric vehicle manufacturers should be explored.”InvestorPlace – Stock Market News, Stock Advice & Trading Tips
7 Cutting-Edge Biotech Stocks for Tomorrow
In fact, here are the top 7 clean energy stocks to keep an eye on:
iShares Global Clean Energy ETF (NASDAQ:ICLN)
ALPS Clean Energy ETF (BATS:ACES)
First Solar (NASDAQ:FSLR)
Enphase Energy (NASDAQ:ENPH)
SolarEdge Technologies (NASDAQ:SEDG)
Ballard Power Systems (NASDAQ:BLDP)
Plug Power (NASDAQ:PLUG)
At this point, no one is quite sure who could win. And I’m not about to share political opinions here because they have no place in this article. What I simply want to do is share some of the top clean energy stocks piquing interest on a potential Biden win.
Clean Energy Stocks to Watch: iShares Global Clean Energy ETF (ICLN)
The ICLN ETF gives investors exposure to companies producing energy from solar, wind and other renewable energy sources. Since June, the ETF has exploded from a low of $12 to current prices around $19.68. From here, I strongly believe it could run well above $25 a share as millions of people push for a greener future.
The other reason I like this and other ETFs is because you can own more for less. With the ICLN ETF for example, investors can gain exposure to dozens of clean energy stocks like First Solar, Enphase Energy, Vestas Wind Systems (OTC:VWDRY), Plug Power, Sunrun Inc. (NASDAQ:RUN), and Canadian Solar (NASDAQ:CSIQ). All for $19.64 a share.
In short, you can diversify among dozens of names, and pay a fraction of the cost of buying just a single share of each stock.
ALPS Clean Energy ETF (ACES)
With the ACE ETF, you can own dozens of clean energy stocks for $56.50 a share. Some of ACES top holdings include Tesla (NASDAQ:TSLA), Plug Power, Ballard Power Systems, Cree Inc. (NASDAQ:CREE), and Brookfield Renewable Partners (NYSE:BEP).
It’s another high-flying green trade that’s run from a July low of $37.50 to $56.50. From here, I believe the ETF could double, if not triple with patience.
That’s especially true, given its exposure to the green hydrogen opportunity.
7 Cutting-Edge Biotech Stocks for Tomorrow
Goldman Sachs is already calling green hydrogen a “once in a lifetime opportunity,” says Barron’s. They also note the addressable market could be worth up to $11.7 trillion in the next 30 years with the U.S., Asia and Europe leading the way.
First Solar (FSLR)
Source: IgorGolovniov / Shutterstock.com
First Solar has been just as explosive, running up from a July low of $50 on Biden speculation as well. After bottoming out at $60 in September, the stock has since climbed to $81.
FSLR is also flying high on news it will provide solar power to three General Motors (NYSE:GM) plants in the Midwest. Per GM Chief Sustainability Officer Dane Parker:
“As GM continues its transition to an all-electric, zero-emissions future, it is imperative that we also invest in a cleaner grid that can support everything — from our factories to our vehicles. Investments like these have increased access to renewable power, and with this deal we are exploring the next frontier of renewable energy, which integrate the principles of circularity and energy storage, among others.”
In addition, First Solar is set to release earnings on Oct. 27. Analysts are looking for EPS of 61 cents on sales of $693 million.
Enphase Energy (ENPH)
Source: IgorGolovniov / Shutterstock.com
Enphase is another explosive opportunity that’s popped from a June low of $40 to more than $99 a share. We could see higher highs here too.
It’s also quickly expanding its presence around the world. Not only did it just expand into the home energy market, it also entered into three solar distribution companies in Belgium and the Netherlands — Carbomat Group, Libra Energy and Solarclarity — further strengthening Enphase’s presence in the European solar market.
7 Cutting-Edge Biotech Stocks for Tomorrow
With regards to earnings, while year-over-year Q2 revenues were down 6.94%. the company did post record gross margins of 39.6% on a non-GAAP basis. The company is expected to post third quarter results on October 27 after the closing bell.
SolarEdge Technologies (SEDG)
Source: IgorGolovniov / Shutterstock.com
SolarEdge Technologies is an Israeli solar energy company that creates smart solar solutions that provides inverters, photovoltaic monitoring and power harvesting accessories. Since bottoming out around $70 in March, SolarEdge Technologies exploded to $269 a share. This is another name running off anticipatory momentum ahead of the elections.
In its most recent earnings report, both revenue and GAAP EPS beat expectations, by $12.3 million and 22 cents respectively. However, compared to the second quarter last year, revenue dropped 23% to $331.9 million.
While there were some negatives over the last year, the company and its stock have remained resilient. “This quarter, despite the challenges caused by COVID 19, we maintained healthy profitability while generating cash from operating activity,” said Zivi Lando, CEO of SolarEdge.
“Our global strength, and in particular our loyal customer base in the Netherlands, Germany, Italy and Australia, softened the decline in U.S. demand this past quarter. While the pandemic has created many operational challenges, I am confident in our financial strength and grateful for the trust of our customers and dedication of our employees which enable us to continue to focus on product innovation and execution of our long term plans even in these challenging times.”
Ballard Power Systems (BLDP)
Source: Pavel Kapysh / Shutterstock.com
Analysts love Ballard Power Systems. Over the last few weeks, Bernstein upgraded the stock to a buy with a $22 price target. TD Securities upgraded the stock to a speculative buy from a hold rating. And National Bank upgraded BLDP to a buy from a hold, as well.
“The push for hydrogen is global and gaining steam,” National Bank analyst Rupert Merer told Barron’s.
7 Cutting-Edge Biotech Stocks for Tomorrow
“Regulations have advanced in Europe and the U.S. to transition bus and trucks to zero emission. In China…a detailed hydrogen plan could come soon and target 1 [million] hydrogen vehicles by 2030.”
Plug Power (PLUG)
Plug Power will source renewables energy from Canada’s Brookfield Renewables Partners and use it for the production of green hydrogen.
In addition, according to the company, “Plug Power customer demand for hydrogen has grown 10x in five years — nearly a 200% annual growth rate. From a market perspective, McKinsey expects hydrogen will provide 18% of global energy by 2050. As the world’s largest supplier and user of liquid hydrogen, we’re positioned as the forward-thinking company, leading the expansion of green hydrogen technologies while growing their use into a range of transportation and stationary power applications.”
“We’re projecting using more than 80 tons of hydrogen in 2024, and have made a commitment to achieve 50% green content,” they added.
On the date of publication, Ian Cooper did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Ian Cooper, an InvestorPlace.com contributor, has been analyzing stocks and options for web-based advisories since 1999. As of this writing, Ian Cooper did not hold a position in any of the aforementioned securities.
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Eat Beyond Welcomes Downstream Marketing Strategist Michael Owen to its Investment Committee – Canada NewsWire
Michael Owen brings over 30 years of expertise to provide hands-on support to drive the growth of the Eat Beyond portfolio companies
VANCOUVER, BC, Nov. 26, 2020 /CNW/ – Eat Beyond Global Holdings Inc. (CSE: EATS) (FSE: 988) (“Eat Beyond” or the “Company“), an investment issuer focused on the global plant-based and alternative food sector, is announcing that Michael Owen has joined the Eat Beyond investment committee.
Mr. Owen has over 30 years of experience and is a senior marketing and sales executive. He has held leadership positions in a range of companies focused on consumer packaged goods, with leadership experience in marketing, sales, and supply chain. He spent over 10 years as a partner at Crombie Kennedy, a leading Canadian sales agency, which was acquired by Advantage Solutions in 2010. With Advantage Solutions, Mr. Owen played an instrumental role doubling EBITDA as VP Business Development, responsible for creating innovative sales and supply chain solutions for leading brands across multiple categories during the 5 years post-acquisition.
Prior to this, he held marketing and sales positions with Robin Hood Multifoods Inc., Unilever, Nestle, and Mars Incorporated, where he was CMO of the Uncle Ben’s Rice U.S. division. Previously Mr. Owen has enjoyed entrepreneurial success including ownership of the Duncan Hines brand in Canada and participation in several food company startups. Mr. Owen is also an advisory board member for Nature Bio Foods, India’s largest exporter of organic foods and ingredients.
“Eat Beyond is focused on an area that I consider to be one of the most exciting in the consumer packaged goods, and food space in general. Consumers are seeking healthier, smarter, plant-based, and non-traditional products,” said Michael Owen. “I believe that my extensive operating experience in sales and marketing can add tremendous value and insight to the Eat Beyond portfolio.”
Mr. Owen joins Lloyd Lockhart, Diane Jang, and Allen Linder on the investment committee, rounding out the team with his marketing and sales expertise. The investment committee works to scout and select companies for the Eat Beyond portfolio, and is also hands-on, working closely with the Eat Beyond portfolio companies to support their success.
“We are active in supporting our portfolio companies, helping them to navigate growth and connecting them to industry contacts and resources,” said Patrick Morris, CEO of Eat Beyond. “Mr. Owen is a terrific candidate for the investment committee, with his exceptional track record and breadth of experience in marketing, sales, and growth for consumer packaged goods. We are thrilled to welcome him to the team.”
The Company further announces a grant of 100,000 stock options of the Company to Mr. Owen, exercisable at $0.71 expiring 5 years from the date of grant, subject to regulatory approval.
The Company is also pleased to announce that its common shares were accepted for listing on the Frankfurt Stock Exchange (FSE) under the trading symbol (988). The Company’s common shares are now cross-listed on the Canadian Securities Exchange (CSE) and the FSE.
About Eat Beyond Global Holdings
Eat Beyond Global Holdings Inc. (“Eat Beyond”) (CSE: EATS) (FSE: 988) is an investment issuer that makes it easy to invest in the future of food. Eat Beyond identifies and makes equity investments in global companies that are developing and commercializing innovative food tech as well as plant-based and alternative food products. Led by a team of food industry experts, Eat Beyond is the first issuer of its kind in Canada, providing retail investors with the unique opportunity to participate in the growth of a broad cross-section of opportunities in the alternative food sector, and access companies that are leading the charge toward a smarter, more secure food supply. Learn more: https://eatbeyondglobal.com/
For media inquiries, please contact: [email protected]
For investment inquiries, please contact: [email protected]
SOURCE Eat Beyond Global Holdings Inc.
For further information: please contact Cindy Chiu at [email protected] or (236) 521-6499
Red White & Bloom Announces Participation in Upcoming Investment Conferences – GlobeNewswire
TORONTO, Nov. 25, 2020 (GLOBE NEWSWIRE) — Red White & Bloom Brands Inc. (CSE: RWB and OTC: RWBYF) (“RWB” or the “Company”) is pleased to announce they will be in attendance at two invitational investment conferences this month.
2020 Cantor Fitzgerald Virtual MSO Cannabis Summit
Presentation: Wednesday, December 16th, 2020 – 3:00PM ET
For more information or to schedule a one-on-one meeting with RWB’s management during these events, please contact Red White & Bloom’s Investor Relations at IR@redwhitebloom.com.
About Red White & Bloom Brands Inc.
The Company is positioning itself to be one of the top three multi-state cannabis operators active in the U.S. legal cannabis and hemp sector. RWB is predominantly focusing its investments on the major US markets of Michigan, Illinois, California, Arizona, Oklahoma and Massachusetts with respect to cannabis, and the US and internationally for hemp-based CBD products.
For more information about Red White & Bloom Brands Inc., please contact:
Tyler Troup, Managing Director
Circadian Group IR
Visit us on the web: www.RedWhiteBloom.com
Follow us on social media:
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING INFORMATION
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations. When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release includes information relating to the new team members expertise and how the Company will benefit from their ability to assist the Company implement its business plan. Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: risks associated with the implementation of the Company’s business plan and matters relating thereto, risks associated with the cannabis industry, competition, regulatory change, the need for additional financing, reliance on key personnel, the potential for conflicts of interest among certain officers or directors, and the volatility of the Company’s common share price and volume. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.
There are a number of important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others, risks related to the Company’s proposed business, such as failure of the business strategy and government regulation; risks related to the Company’s operations, such as additional financing requirements and access to capital, reliance on key and qualified personnel, insurance, competition, intellectual property and reliable supply chains; risks related to the Company and its business generally. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. While the Company may elect to, it does not undertake to update this information at any particular time.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
Feds should invest to meet climate goals, catalyze recovery: RBC – Investment Executive
“Making these investments now could help underpin a low-carbon transition, drawing in business investment, and complementing the government’s efforts to support jobs and economic recovery,” it said.
The government has planned emissions reductions toward the ultimate goal of net-zero emissions by 2050.
Yet, for major polluters, such as the energy sector and heavy industry (such as concrete and steel), carbon capture is technically feasible but “often seen to be cost prohibitive,” RBC noted.
Carbon capture projects “are capital intensive and high-risk during the extended construction phase,” it said, adding that this discourages private investment.
This is where government should be stepping into the breach with public funding for research, RBC suggested. Ultimately, driving down costs and developing effective technology will help the projects become more viable for private investment.
“As it lays out long-term climate plans, the federal government has an opportunity to write a new chapter in Canadian climate policy: one that acknowledges the importance of the energy sector, encourages abatement across industries, leverages investment from the private sector, and spurs innovation in sectors that contribute the most to our climate challenge,” the report said.
At the same time, government investment can help combat the long-lasting effects of the Covid-19 crisis, the report said.
“While crisis support for the economy has rightly been the government’s focus, investment in new technologies and industries can limit lasting scars from this recession,” it said.
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