Biomass stocks are publicly traded companies whose business involves growing, collecting, or using biological matter (biomass) which can be used to make some other form of energy. “
Nano-Cap Stocks Watchlist
Viking Energy Group Inc. (OTCMKTS:VKIN) On a more speculative note, VKIN is a company to watch in the fast-growing ESG space. VKIN’s patented ESG Clean Energy System creates clean electricity by capturing and repurposing carbon dioxide emissions from combustion engines. The technology is useful for recycling operations, nitrogen removal, microgrids, data centers, and crypto mining operations; to name a few. NYSE company Camber Energy believes in VKIN and is one of the company’s largest investors. Do your due diligence now on this high-potential ESG star in the making.
Southern Company (NYSE:SO) The first company that you could look into today is the American electric utility and gas company Southern Company. It is headquartered in the southern region of the United States in Atlanta, Georgia. On the other hand, the executive offices of Southern Company is located in Birmingham, Alabama.
It is the second biggest company in the utilities industry in terms of customer base as of 2021. Earlier on in the year on January 14, the company had actually come into focus after it announced that it was going to pay dividends of as much as 66 cents a share to its shareholders. The dividend is going to be paid out on March 7, 2022 to all shareholders who will be on record as of February 22, 2022.
On Thursday, the stock closed higher by 0.64% to $69.25 with more than 5.55 million shares, higher than the average volume of 4.96 million. The stock has outperformed the broader market in the past quarter with a jump of 11% in the past quarter. The stock is trading above 22% from its 52-week low and 1% away from its 52-week high.
Babcock & Wilcox Enterprises Inc (NYSE:BW) is the other company that could be in focus today among investors is Babcock & Wilcox Enterprises Inc. The company had come into focus in a big way earlier on this week when it announced that it had managed to complete the acquisition of Fossil Power Systems Inc.
Fossil Power is one of the leaders in the renewable pulp and paper, natural gas and hydrogen combustion equipment. The transaction had been competed back on February 1 and the company made the announcement on the next day. It remains to be seen if the Babcock & Wilcox moves today or not.
On Thursday, BW stock gained 1.92% to $7.42 with more than 577K shares, higher than the average volume of 669K. The stock has underperformed the broader market in the past month with a fall of 20% in the past month. The stock is trading above 29% from its 52-week low and 28% away from its 52-week high.
ALLETE Inc (NYSE:ALE) Dividend paying companies are almost always popular with investors and especially so when a company raises the pay out. Yesterday, ALLETTE Inc was in focus after it announced that it was raising its quarterly dividend per share by as much as 3% to 65 cents a share. Bethany Owen, who is the President and Chief Executive Officer of the company, noted that considering the growth outlook of ALLETE at this point in time, it was possibly the right time to raise the dividend pay out. It remains to be seen if the announcement leads to a rally in the stock or not.
On Thursday, ALE stock fell 0.02% to $64.19 with more than 185k shares, higher than the average volume of 247K. Over the past 52-week, the stock has moved within a range of $56.84 – $73.10.
Xcel Energy Inc. (NASDAQ:XEL) stock has been seeing consistent rally over the past month with a jump of 3%. Moreover, the stock has gained 9% over the past year. The stock is trading above 21% from its 52-week low and 5% away from its 52-week high.
In the fourth quarter, the company reported a 14% jump in the top-line at $3,355 million, compared to its year-ago revenue of $2,947 million. Moreover, operating profit stood at 58 cents s share, a 7.40% from 54 cents a share in the year ago period. Analysts were projecting the company to report 58 cents on revenue of $3,136 million. Net profit for the latest quarter came in at $2.96 a share, compared to a year ago profit of $2.76 per share. The successful execution of XEL’s 2021 initiatives resulted in a strong performance.
