The energy sector has been changing at a rapid pace over the course of the few years due to the onset of a large number of companies that are trying to come up with innovative solutions to age-old problems. It is a sector that is of considerable interest to investors at this point and this article looks into three energy stocks that you could consider tracking at this point.
Principal Solar (OTCMKTS:PSWW): Principal Solar is involved in making strategic investments in new opportunities in clean energy, renewable and also the traditional sectors in the energy industry. Earlier on in the month of March 17, the company was in focus among investors after its Chief Executive Officer Bryce Toussaint provided an update to the company’s shareholders.
He noted that 2022 had proved to be a fairly busy year for the company and went on to announce that Principal Solar was going to host a special meeting of shareholders toward the end of March. He announced at the time that at that meeting the board members would discuss strategic initiatives and other topics. It was a major new announcement from the company and it might now be the right time to add it to your energy stocks watch lists.
Houston Natural Resources Corp (OTCMKTS:HNRC) is another energy company that you could look into at this point in time is Houston Natural Resources Corp. There has been no news about the company this week so far but last week Houston Natural Resources was in considerable focus after it announced that it had inked a letter of intent with regards to the acquisition of Cunningham Energy LLC.
As per the provisions of the letter of intent signed by the two parties, Houston Natural Resources is going to pay up as much as $100 million in cash and securities for completing the acquisition. However, that is not all. PIPE and SPAC funds in the future are also going to add as much as $600 million in the form of development funds. It could be a good time to start tracking the stock.
Gaensel Energy Group (OTCMKTS:GEGR): Diversified holding company Gaensel Energy Group primarily functions as an acquisition incubator and is mainly involved in picking up patents as well as companies created by visionaries. Earlier this week on Tuesday, the company came into focus after it announced that it had completed the filing of its annual report, corporate updates, and the OTC Legal letter as well. These were important steps for the company as it had earlier stated that it needed some ‘extra oxygen’ so that it could move ahead with its plans. Hence, it is now going to be interesting to see in the coming days if the stock can come into focus among investors in any meaningful way or not.
SusGlobal Energy Corp (OTCMKTS:SNRG): A company that could come into focus among investors this week is of SusGlobal Energy Corp after the company made a major announcement earlier on in the week on Tuesday. First of all, it is necessary for investors to note that the company is best known for having developed a highly innovative liquid fertilizer that is free of pathogens.
On Tuesday, the company came into focus once among investors after it announced that SusGlobal Energy Hamilton Ltd, its fully owned subsidiary company, has been working towards the development of the 51,535 square foot facility. The facility in question is situated in Hamilton, Ontario. On the other hand, the facility also possesses an Environmental Compliance Approval that allows it to process as much as 65884 tonnes of organic waste and then turn it into regenerative products.
Triad Pro Innovators (OTCMKTS:TPII): Last but certainly not least, it is the Triad Pro Innovators Inc stock that could be added to the watch lists by investors. The company is in fact in the news today after it announced this morning that it was going to showcase its solar-powered golf cart, storage tech, and new-age energy generation at the POWERGEN International event that is going to be held in Dallas, Texas.
POWERGEN operates the biggest business and network hub for those companies which are involved in the electricity generation industry. Hence, the attendance at the event could well prove to be a major breakthrough for the company. It may be a good move to add the stock to your watch lists at this point.
