Last Updated on January 21, 2021 by Henry John
Sooner rather than later, renewable energy stocks are going to explode.
The earth is warming increasingly. The consensus for the need to solve climate change is growing undoubtedly. And the shift to renewable energy is becoming a reality, rapidly.
Renewable energy companies are now in a hot market, and the market is seemingly going to get hotter with Joe Biden leading the United States for at least, the next four years.
From day one, I expect the Biden administration to make the rapid transition to clean energy, globally, ‘a thing’. And this will set the tone for fast-growth in the renewable energy market.
According to Allied Market Research, “the global renewable energy market was valued at $928.0 Billion in 2017, and is expected to reach $1,512.3 Billion by 2025, registering a CAGR of 6.1% from 2018 to 2025. Renewable energy technologies convert the energy from different natural sources such as sun, tides, wind and others, into its usable forms such as electricity”. Note that this report was written before Biden won the election, nonetheless, it shows that the market is a promising one.
Lots of folks will jump into the renewable energy bandwagon come 2021 boosting demand for renewable energy stocks significantly. I can’t over-stretch the ‘line’: Renewable energy stocks are going to be among the fastest growing stocks in the next couple of years.
There are many ways to enter the renewable energy market, one of which is by buying renewable energy penny stocks. I’ve talked about the Advantages of Penny Stocks, and when you put everything in perspective, renewable penny stocks are one of the best way to get the most out the upcoming clean energy boom.
If you are looking for Renewable (Clean, Solar, or Alternative) Energy Penny Stocks to invest in, here are 10 stocks to consider:
1. Ocean Power Technologies
Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in North and South America, Europe, and Asia. It offers PB3 PowerBuoy system that generates power for use independent of the power grid in remote offshore locations.
The company also provides hybrid PowerBuoy products; subsea battery systems; and payloads, integration services, and marine installation services.
In addition, it offers electric power and real-time data communications for remote offshore and subsea applications in markets, such as offshore oil and gas, defense and security, science and research, and communications.
The company serves public and private entities, and agencies that require remote offshore power. Ocean Power Technologies, Inc. was founded in 1984 and is headquartered in Monroe Township, New Jersey.
2. CleanSpark, Inc.
CleanSpark, Inc. provides energy software and control technology in the United States.
The company offers distributed energy systems that allow customers to design, engineer, and manage renewable energy generation, storage, and consumption; and microgrids, which comprise generation, energy storage, and smart distribution assets that serve a single or multiple loads connected to the utility grid and separate from the utility grid for commercial, industrial, mining, defense, campus, and residential users.
Its products include mPulse software suite, a modular platform that enables fine-grained control of a Microgrid; and microgrid value stream optimizer that provides a robust distributed energy and microgrid system modeling solution.
The company also provides microgrid design and engineering, and project development consulting services; and custom hardware solutions for distributed energy systems that serve military and commercial residential properties.
In addition, it owns a gasification technology and process for converting organic material into SynGas, which is used as clean, renewable, environmentally friendly, and warming fuel for power plants, motor vehicles, and as feedstock for the generation of di-methyl ether.
The company was formerly known as Stratean Inc. and changed its name to CleanSpark, Inc. in November 2016. CleanSpark, Inc. was incorporated in 1987 and is based in Bountiful, Utah.
3. Gevo, Inc.
Gevo, Inc. operates as a renewable fuels company. It commercializes gasoline, jet fuel, and diesel fuel to achieve zero carbon emissions, and reduce greenhouse gas emissions with sustainable alternatives.
The company uses low-carbon renewable-resource-based carbohydrates as raw materials and is developing renewable electricity and renewable natural gas for use in production processes.
It products also include renewable biodiesel, isooctane, isobutanol, sustainable aviation fuel, isobutylene, ethanol, and animal feed.
The company was formerly known as Methanotech, Inc. and changed its name to Gevo, Inc. in March 2006. Gevo, Inc. was founded in 2005 and is headquartered in Englewood, Colorado.
SunHydrogen, Inc. develops solar-powered nanoparticle systems that mimic photosynthesis to separate hydrogen from water.
The company was formerly known as HyperSolar, Inc. and changed its name to SunHydrogen, Inc. in June 2020. SunHydrogen, Inc. was founded in 2009 and is based in Santa Barbara, California.
5. Aemetis, Inc.
Aemetis, Inc. operates as a renewable fuels and bio-chemicals company in North America and India.
The company focuses on the acquisition, development, and commercialization of various technologies that replace traditional petroleum-based products primarily through the conversion of ethanol and biodiesel plants into advanced bio refineries.
It owns and operates an ethanol facility in the California Central Valley near Modesto; and a renewable chemical and advanced fuel production facility on the East Coast of India.
The company sells biodiesel and refined glycerin to transport companies, resellers, distributors, and refiners through its sales force and independent sales agents, as well as to brokers who resell the product to end-users.
It also produces ethanol; and wet distiller’s grains, distiller’s corn oil, and condensed distillers solubles to dairies and feedlots as animal feed. In addition, it produces dairy biogas; and high-grade sanitizer alcohol and various feed products.
The company was formerly known as AE Biofuels, Inc. and changed its name to Aemetis, Inc. in November 2011. Aemetis, Inc. was founded in 2005 and is headquartered in Cupertino, California.
6. Pacific Ethanol, Inc.
Pacific Ethanol, Inc. produces and markets low-carbon renewable fuels and alcohol products in the United States. The company operates in two segments, Production and Marketing.
It produces and markets ethanol; and co-products, such as wet and dry distillers grains, wet and dry corn gluten feed, condensed distillers solubles, corn gluten meal, corn germ, corn oil, dried yeast, and CO2, as well as markets ethanol produced by third parties.
The company also offers ethanol transportation, storage, and delivery services through third-party service providers.
It sells ethanol to integrated oil companies and gasoline marketers; distillers grains and other feed co-products to dairies and feedlots; and corn oil to poultry and biodiesel customers.
The company owns and operates nine ethanol production facilities, including four plants located in the Western states of California, Oregon, and Idaho; and five plants in the Midwestern states of Illinois and Nebraska.
Pacific Ethanol, Inc. was founded in 2003 and is headquartered in Sacramento, California.
7. BioHiTech Global, Inc.
BioHiTech Global, Inc., through its subsidiaries, provides technological, biological, and mechanical engineering solutions for the control, reduction, and/or reuse of organic and municipal waste worldwide.
Its suite of technologies includes on-site biological processing equipment for food waste, patented processing facilities for the conversion of municipal solid waste into renewable fuel, and proprietary real-time data analytics tools to reduce food waste generation.
The company also markets Revolution Series Digesters, an aerobic digestion technology solution for the disposal of food waste at the point of generation; and High Efficiency Biological Treatment Resource Recovery Technology to process waste at the municipal or enterprise level.
In addition, it offers BioHiTech Cloud and Cirrus mobile applications for digester customers. Its principal customers include producers of food waste.
The company serves healthcare, grocery, prison, retail food service, and hospitality industries, as well as food distributors, governments, conference centers, municipalities and academic institutions, stadiums.
BioHiTech Global, Inc. is headquartered in Chestnut Ridge, New York.
8. Clean Energy Fuels Corp
Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets, primarily in the United States and Canada.
The company supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for light, medium, and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.
It also designs, builds, operates, and maintains fueling stations; sells and services natural gas fueling compressors and other equipment that are used in CNG and LNG stations; and provides assessment, design, and modification solutions to offer operators with code-compliant service and maintenance facilities for natural gas vehicle fleets.
In addition, the company transports and sells CNG and LNG through virtual natural gas pipelines and interconnects; procures and sells RNG; sells tradable credits, such as RNG and conventional natural gas as a vehicle fuel comprising Renewable Identification Numbers and Low Carbon Fuel Standards credits; enables its customers to acquire and finance natural gas vehicles; and obtains federal, state and local credits, grants, and incentives.
It serves heavy-duty trucking, airports, refuse, public transit, industrial, and institutional energy users, as well as government fleets.
As of December 31, 2019, the company served approximately 1,000 fleet customers operating approximately 48,000 natural gas vehicles; and owned, operated, or supplied approximately 550 natural gas fueling stations in 41 states in the United States and four provinces in Canada.
Clean Energy Fuels Corp. was incorporated in 2001 and is headquartered in Newport Beach, California.
9. Ascent Solar Technologies
Ascent Solar Technologies, Inc. designs, manufactures, and sells photovoltaic (PV) integrated consumer electronics and portable power applications for commercial and military users.
It offers outdoor solar chargers, such as XD-12 and XD-48 for the individual soldier and platoon power needs; high-voltage SuperLight thin-film CIGS PV blankets; and solar modules.
The company markets and sells its products through distributors, value added resellers, and e-commerce companies.
Ascent Solar Technologies, Inc. was founded in 2005 and is headquartered in Thornton, Colorado.