Earlier this year, the Biden administration announced its pledge to cut U.S. greenhouse gas emissions to half of their 2005 levels by 2030. As oil prices rise and along with catastrophic climate events, the momentum for lower carbon emissions continues to earn political and legislative support.
“Companies that can most efficiently decarbonize the economy will likely see strong growth for decades to come,” a Morgan Stanley analyst surmised.
Here are a few companies that will see strong growth according to this analysts statement:
Viking Energy Group (OTCMKTS:VKIN) has acquired ESG Clean Systems technology that captures the carbon emissions from combustion engines and converts it into sellable commodities. This is a novel solution because it adds revenue streams ontop of it’s positive environmental effect. VKIN is diversified in the green space, also in the process of acquiring a Renewable Green Diesel Production facility in Nevada estimated to be capable of 43 million gallons of green diesel production annually. There may be major catalytic announcements in the near term, including updates on sales of its ESG system as well as the closing of its Green Diesel facility acquisition. Make sure you start your research on VKIN now.
Sunrun Inc. (NASDAQ:RUN) stock has seen witnessing high volatility over the past few months with a fall of over 19% over the past month. Moreover, the stock has fallen 19% so far this year. On Wednesday, RUN stock was down 4.58% to $27.71 with more than 7.47 million shares exchanged hands, below its average volume of 5.19 million shares.
Aptiv PLC (NYSE:APTV) is another stock in the BioMass sector which has been showing consistent selling pressure. The stock has moved down 8% over the past one month. Moreover, the stock has fallen 12% so far this year. The stock is trading above 14% from its 52-week low and 19% away from its 52-week high.
Johnson Controls International plc (NYSE:JCI) stock has been consolidating after the recent rally. JCI stock ended lower by 1.38% to $73.71with more than 2.87 million shares exchanged hands, above its average volume of 3.10 million shares. The stock is trading above 52% from its 52-week low and 10% away from its 52-week high.
ReneSola Ltd (OTCMKTS:SOL) is another stock in the biofuel sector which has been showing consistent fall. The stock has moved down 6% over the past one month. SOL stock closed lower by 1.67% to $5.88 in previous trading session with volume of 771K shares, compared to its average volume of 1.78 million shares.
Canadian Solar Inc. (NYSE:CSIQ) stock has been consolidating after the recent rally. CSIQ stock ended lower by 3.26% to $26.40 with more than 974k shares exchanged hands, above its average volume of 1.14 million shares. The stock is trading above 1% from its 52-week low and 60% away from its 52-week high.
