Top Green Energy Stocks in 2022
Welcome back to another week in trading! Today, we’re going to look at 5 hotly tipped green energy stocks for 2022. Once we’ve covered that, we’ll dip into some of the key fundamental events happening this week. Shall we?
This year’s hottest renewable energy stocks
Covid fears have slowed the pace of many of the companies on this list, which is the reason you’re about to see a lot of red charts that point downwards.
Regardless, the green energy sector is a ticking time bomb, and it’s only a matter of time before the stock prices of the most successful companies in this space really start to kick off. Here are our picks for 2022.
#1 SunPower (SPWR)
Price on 25.02.2021: 47.33 USD
Price on 21.02.2022: 15.80 USD
% change: -66.63%
SunPower focuses on the residential and commercial solar, battery and energy management business. The company had a positive end to 2021, with 14,300 new customers in Q3 and a further 58,000 in the pipeline. Things are looking positive.
The residential space is almost certainly going to pick up with a strong tailwind, which is why many investors believe that the Covid-infused dip in prices is the perfect time to buy, with investor worries easing.
SPWR, 12-month
Source: Google
#2 Stem Inc. (STEM)
Price on 21.02.2021: 32.00 USD
Price on 21.02.2022: 12.51 USD
% change: -60.91%
Stem is a relative unknown, yet it’s a major contender in the energy storage space. The company sells proprietary AI-enabled software that provides what amounts to a “battery as a service” to renewable power generation projects and other industrial customers. Pretty neat.
The software essentially creates a smart internal grid that supports various applications, such as managing solar-powered big box stores and electric vehicle fleet charging.
Bookings for the solution currently sit above the $100 million per quarter level, which is very healthy. With global battery storage capacity expected to rise 25 times by 2030, and $1.2 trillion of green-storage investment coming in, Stem looks well placed to rock the market.
…and it’s even experiencing a dip. No further comments needed.
STEM, 12-months
Source: Google
#3 ChargePoint Holdings CHPT
Price on 21.02.2021: 38.68 USD
Price on 21.02.2022: 13.22 USD
% change: -65.82%
ChargePoint operates the largest online network of independently owned EV charging stations operating in 14 countries and makes the technology used in it.
The company expects business to continue to grow along with US EV sales. At present, EVs account for just 4% of US car sales per year. That leaves plenty of room for ChargePoint’s business to scale and reach profitability.
CHPT, 12-months
Source: Google
#4 Atlantica Sustainable Infrastructure (AY)
Price on 21.02.2021: 45.76 USD
Price on 21.02.2022: 32.26 USD
% change: -29.50%
Another clean energy stock that’s taken a beating over the last 12 months. The majority of Atlantica Sustainable’s power generation comes from renewable energy, most of which from solar energy.
The company’s revenues grew 8.4% in the first 9 months of 2021, with it’s most successful investments taking place in North America. The recent US infrastructure bill that will potentially allocate additional funds to US renewable energy development, points to highly positive growth in the coming years.
AY, 12-months
Source: Google
#5 FuelCell Energy (FCEL)
Price on 21.02.2021: 18.05 USD
Price on 21.02.2022: 3.90 USD
% change: -78.39%
FuelCell has been operating for over 50 years and is one of the pioneers of commercial development of battery-like generators of hydrogen-based electricity.
In 2021, it received $80 million worth of fuel cell orders, and sales are forecast to hit more than $140 million this year.
Hydrogen is seen as a great format for storing excess renewable energy generation as well as being used in backup power systems for utilities. So there’s an expectation that, when fears over covid dissipate, companies like FuelCell are going to have a monumental windfall.
Priced as it is, that makes FCEL a very exciting prospect.
FCEL, 12-months
Source: Google
Have you considered going green?
It’s a very interesting time for the market, with some high-potential stocks on offer at great prices. Is 2022 the perfect time to jump into the world of green? Tweet us your thoughts at @_contentworks; and if you’re looking for regular and insightful fintech marketing content, please follow us!
What’s on the trading agenda week commencing 24.01.22?
A really busy week lies ahead for the currency markets. Here are all of the top events to take note of.
Monday
● AUD — Markit Composite PMI Flash (JAN)
● USD — Markit Manufacturing PMI Flash (JAN)
Tuesday
● AUD — Inflation Rate YoY (Q4)
● USD — CB Consumer Confidence (JAN)
Wednesday
● CAD — BoC Interest Rate Decision
● USD — Fed Interest Rate Decision; Fed Press Conference
● NZD — Inflation Rate YoY (Q4)
Thursday
● USD — Durable Goods Orders MoM (DEC); GDP Growth Rate QoQ Adv (Q4)
Friday
● USD — Core PCE Price Index YoY (DEC); PCE Price Index YoY (DEC); Michigan Consumer Sentiment Final (JAN)
Here at Contentworks we closely follow market movements and prep content that we think your traders would love to read. Let’s get you started right here.
Speak soon!
The Contentworks team
