Daqo New Energy (NYSE:DQ)
Daqo New Energy Corp is a polysilicon manufacturer based in China. The company is engaged in the manufacturing and selling of high-purity polysilicon to photovoltaic product manufacturers who processed polysilicon into ingots, cells, and modules for solar power solutions. It offers ready-to-use polysilicon, packaged to meet crucible stacking, pulling, and solidification needs. All of its revenues gets derived from the People’s Republic of China.
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| Open18.600 | Close- |
| Vol / Avg.779.010K / 1.524M | Mkt Cap1.265B |
| Day Range18.600 - 19.330 | 52 Wk Range13.620 - 30.850 |
Brookfield Infr Partners (NYSE:BIP)
Founded in 2008, Brookfield Infrastructure Partners LP is among the largest infrastructure companies in the world. Brookfield’s global network of infrastructure facilitators is engaged with clients from industries such as energy, water, freight, public transport and data.
BIP’s 2020 revenues came out to $8.89 billion. However, they were able to beat this in 2021 by generating $11.53 billion.
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| Open31.670 | Close- |
| Vol / Avg.85.639K / 349.813K | Mkt Cap14.694B |
| Day Range31.650 - 32.210 | 52 Wk Range24.840 - 36.500 |
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Renewable Energy is a company committed to sustainability and transforming renewable resources into high-quality cleaner fuels. It operates 14 biorefineries in the U.S. and Europe.
Renewable Energy generated total revenue of $2.1 billion in 2020. Impressively, they were able to increase their revenue to $3.2 billion in 2021.
In January 2020, Renewable Energy Group and Phillips 66 announced it will discontinue joint efforts to construct a large-scale renewable diesel plant in Ferndale, Washington. This 250 million-gallon-per-year project would have resulted in the largest renewable diesel refinery on the West Coast.
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Covanta Holding Corp is a holding company engaged in the businesses of waste and energy services. It is engaged in the conversion of waste to energy, as well as other waste disposal and renewable energy production businesses. The firm generates its income in the form of waste and service revenue, energy revenue, recycled metals revenue, and other operating income. Geographically, the company operates in the United States.
Canadian Solar (NASDAQ:CSIQ)
Canadian Solar Inc is a Canadian solar power company. It is an integrated provider of solar power products, services, and system solutions. The company engages in designing, developing and manufacturing solar ingots, wafers, cells, modules and other solar power products. It operates through two business segments MSS segment and Energy segment. The MSS segment involves the design, development, manufacturing, and sale of solar power products, including standard solar modules and specialty solar products. Its Energy segment consists of solar power project development and sale and EPC and development services. Most of the revenue is earned from the MSS segment. Geographically, it derives the majority of revenue from the United States.
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| Open11.630 | Close- |
| Vol / Avg.724.120K / 2.293M | Mkt Cap759.026M |
| Day Range11.390 - 11.750 | 52 Wk Range10.596 - 26.850 |
Traditional fuel companies have taken a major hit in stock prices due to escalating tensions and trade wars between the Middle East and the U.S. Alternative fuels continue to gain traction with biodegradable methods of production and consumption, and investors are taking note. Do your part to reduce the global carbon footprint and make sustainable living possible with an investment in alternative fuel stocks.
Quick Look at the Best Alternative Fuel Stocks:
- Daqo New Energies Corp
- Brookfield Infrastructure Partners LP
- Renewable Energy
- Covanta Holding Corp
- Canadian Solar Inc.
Overview: Alternative Fuel Stocks
Alternative fuels are derived from renewable energy sources. Companies that produce alternative fuels domestically have reduced the volume of imported oil and natural gas. These production processes create a smaller carbon footprint than refined gasoline and diesel.
There are many types of alternative fuel companies. These companies generate power from different sources such as:
- Ethanol: fuel is produced from corn and other crops
- Electricity: energy is produced from solar, wind and hydro power plants
- Biodiesel: fuel is derived from vegetable oils and animal fats
You can research alternative fuels on the Alternative Fuels Data Center (AFDC). The U.S. Department of Energy launched the AFDC in 1991 in response to the Alternative Motor Fuels Act of 1988 and the Clean Air Act Amendments of 1990. It has since become an indispensable resource for fleet managers, fuel providers, policymakers and clean city coalitions.
Solar energy producers also work tirelessly to improve the efficiency of batteries while reducing greenhouse gas emissions. The rising demand for alternative fuels has been critical to the explosive growth of companies like Ellomay Capital (AMEX: ELLO). It reported more than $21 million in revenue in 2018 and 2019, and continues to be 1 of the best energy stocks to invest in.
Best Online Brokers for Alternative Fuel Stock
Online brokers are packed with professional tools to improve your trading tactics. For example, you can set the price range in the stock screener to show you all the stocks under $5 to quickly find penny stocks that are worth investing.
Here are our top recommendations of online brokers to get you started.
- Best For:Active and Global TradersVIEW PROS & CONS:Securely through Interactive Brokers’ website
- Best For:Global Broker for Short SellingVIEW PROS & CONS:securely through TradeZero's website
Features to Look for in Alternative Fuel Stock
- Profitable earnings per share. Take a closer look at the earnings per share (EPS) of a company over each quarter. A steady increase in the EPS reports can indicate that the alternative fuel stock is performing well in the market.
- Undervalued stocks with a low price-earnings ratio. Alternative fuel stocks under $10 tend to have the lowest price-earnings (P/E) ratios from the energy industry.
- Planned solar projects and power plants. Alternative fuel companies are constantly creating a buzz in the market by announcing up and coming solar plant installations and power supply agreements. These press releases are usually followed by an increase in the stock value of alternative fuel firms.
Decrease Carbon Footprint, Increase Your Returns
The increasing awareness of climate change and global warming has caused many clean energy companies to sprout all over the world. Make smarter investment choices by backing alternative fuel companies that can earn you good returns in the long run.
Frequently Asked Questions
What is considered alternative fuel?
Alternative fuel is considered anything that is not gasoline such as natural gas or electricity.
Have alternatice fuel stocks performed well?
In response to things like global warming and scare resources, alternative fuel stocks have been gaining lots of traction resulting in a positive performance. If the alternative fuel market continues to grow, alternative fuel stocks could be an increasingly attractive investment.
What are the best alternative fuel stocks?
Benzinga provides a list of the best alternative fuel stocks above.