The Best Places to Invest Your Green Dollars
These days, many investors look to make their profits from green stocks. Green stocks exist in a wide range of industries, from solar panel production and alternative energies to green chemicals and building materials. Although these stocks may come from very different places, the businesses behind these stocks all have similar goals: They are looking to deliver solutions to the world’s most pressing ecological problems in a way that is both sustainable and energy-efficient… and make a little money in the process.
Here are a few green stocks in several industries that look promising in terms of both profits and their environmentally friendly philosophies.
Solar City (SCTY)
Solar is an obvious choice for a green technology stock, and Solar City specifically delivers a unique business model that makes investors happy. Unlike Solar City’s industry competitors, whose profits are dependent on the price of the solar panels they produce, Solar City engages with local governments, businesses and individual homeowners to install solar systems and energy-efficient products.
They also sell electricity generated by solar energy systems as well as market and install electric vehicle charging equipment – an up-and-coming sector as more electric vehicles hit the market every year.
In terms of stock price, Solar City has also displayed incredible growth over the past year, with the price up more than 300 percent since March 2013.
Based in Quebec, Canada, Boralex Inc. is a power producer that develops and operates renewable energy power stations using wind, hydroelectric, thermal and solar power generation. Focused on Europe, Canada and the U.S., the Boralex philosophy is to continue to grow while respecting the communities they work with and the environment.
In terms of their stock, Boralex announced in February that it will pay its first dividend to shareholders, citing strong cash flow and several upcoming projects. Executives at the corporation anticipate that they will grow the company’s generation capacity by 38 percent by the end of 2015.
NextEra Energy (NEE)
NextEra Energy, another power company, operates the Florida Power & Light Company, as well as NextEra Energy Resources, LLC. Between those two subsidiaries and their affiliates, NextEra energy is the largest generator of power from the wind and sun in North America.
Although they also have a sizeable portfolio of natural gas and nuclear power, the company is frequently recognized for its sustainability efforts, and most recently was named first among electric and gas utilities on Fortunes list of the “World’s Most Admired Companies” … for the eighth year in a row. According to a presentation at a 2013 financial conference in Florida, the company also purports to have one of the lowest emissions profiles among U.S. power producers.
In terms of price, NEE stock has risen more than 30 percent over the past year on the promise of future expanded solar contracts.
ZBB Energy Corporation (NYSE MKT: ZBB)
ZBB Energy Corporation develops batteries, and power control technologies for both conventional and renewable power sources. The company serves a variety of customers from residential and commercial to governmental. The company is also known for supplying key parts to hybrid vehicle control markets.
Although generally a lower-priced stock, ZBB surged up in the beginning of March, and could be looking to make further gains in coming weeks.
Whatever your investment strategy, choosing green stocks is one way to boost your portfolio while helping to promote businesses that are looking for sustainable, energy-efficient solutions.
– By Tim Alan