The biomass industry is off and running. According to a report from Grandview Research, the biomass industry will experience a compounded annual growth rate of 5.9% through 2028. As more energy is consumed overall, demand for clean and renewable energy sources continues to grow. Firms like Viking Energy Group (OTCMKTS: VKIN) that produce biodiesel are not only aiding that growth, but are reaping the benefits of it as well. Investors interested in biomass and clean energy stocks should consider these five firms.
Viking Energy Group (OTCMKTS:VKIN) is perfect for any speculative investor searching for ESG investments. The diversified green company has made three recent acquisitions; a carbon capture system that produces sellable commodities from carbon emissions, a medical waste treatment device called the ‘OZONE’, and a Green Renewable Diesel Production Facility in Reno that it is extremely close to closing on. VKIN has a lot of potential market shifting events potentially in the near-term horizon. So now is the time to start your research on VKIN.
Chinese firm CN Energy Group Inc (NASDAQ:CNEY) may not have been in the news in the past few days but on February 10 the company made a major announcement. On that day, the company announced that the Chinese Ministry of Science and Technology had officially named it as a High Technology Enterprise.
It was a significant development for the company since the new designation is actually a recognition of its innovative practices. It also indicates that its activities are aligned with the investment, growth and research and development policies of the Chinese government. It is a recognition that could place CN Energy in a stronger position in its industry.
Origin Materials Inc (NASDAQ:ORGN): The next company that could be looked into this morning is Origin Materials Inc (NASDAQ:ORGN). The company, which is based out of West Sacramento, announced not too long ago that it had signed an incentive based deal worth in excess of as much as $100 million for building the second carbon negative plant. The facility in question is going to be spread over an area of 150 acres and is going to be built at Geismar in Louisiana. In this regard, it ought to be noted that the new plant is also expected to create as many as 500 new jobs.
Last week on February 17, Babcock & Wilcox (NYSE:BW) had come into focus among investors after the company made a key announcement with regards to its Babcock & Wilcox Environmental division.
The company announced that the particular division had managed to bag an order worth as much as $13 million for the purpose of designing and supplying equipment for the reduction of environmental hassles from ash produced at an American power plant. It was a significant announcement and one that could have a positive long term effect on the company’s stock.
Codexis Inc. (NASDAQ:CDXS) is scheduled to report fourth quarter and fiscal year 2021 financial results on Thursday, February 24, 2022, following the close of market. Codexis management will host a conference call and webcast at 4:30 p.m. Eastern Time to discuss the Company’s financial results and provide a business update.
Analysts are estimating the company to report a loss of 18 cents a share and revenue is projected at $24.09 million, up 14.6% from the year-ago quarter.