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Investors concerned about greenhouse gas emissions may prefer investing in companies that follow environmentally friendly practices. Governments have imposed restrictions on carbon emissions, making some polluting companies less desirable investments.
As a result, many companies specializing in green technology and manufacturing products that use renewable sources of energy have become alluring investments. Zero-emission companies may raise capital by offering their stocks to the public. Benzinga discovered five of the best green energy penny stocks and detailed the benefits of investing in these assets.
Quick Look at the Top Performing Green Penny Stocks:
| Ticker | Company | ±% | Price | Invest | ||
|---|---|---|---|---|---|---|
| AQMS | Aqua Metals | 4.17% | $1.50 | Buy stock | ||
| – % | $ – | Buy stock | ||||
| SPI | SPI Energy | -2.78% | $0.31 | Buy stock | ||
| CBAT | CBAK Energy Tech | 5.42% | $0.90 | Buy stock | ||
| – % | $ – | Buy stock | ||||
Deep Dive
Benzinga searched the market for investments meeting its environmental criteria.
1. American Battery Technology Company (OTCMKTS: ABML)
| Ticker | Company | ±% | Price | Invest | ||
|---|---|---|---|---|---|---|
| – % | $ – | Buy stock | ||||
The American Battery Technology Co. (OTCMKTS: ABML) recycles lithium-ion batteries and extracts metal batteries. It produces domestically sourced battery-grade metals that minimally impact the environment and cost less than conventionally sourced battery metals.
The company has developed a closed-loop battery recycling process that recovers vital materials from end-of-life batteries and purifies metals to the quality specifications required to sell them back to the manufacturing supply chain.
ABML uses novel extraction technologies to extract lithium for sedimentary claystone resources to manufacture battery cathode-grade lithium hydroxide. It has received government funding of $4.5 million to expand its production of battery materials.
Financially, ABML demonstrates positive indicators with cash reserves, reduced operating costs, increased investments in research and development and potential government grants. ABML's dedication to innovation and sustainability in battery recycling and manufacturing processes positions it favorably in the market and aligns with the growing demand for domestic battery metals.
2. SPI Energy (NASDAQ: SPI)
| Ticker | Company | ±% | Price | Invest | ||
|---|---|---|---|---|---|---|
| SPI | SPI Energy | -2.78% | $0.31 | Buy stock | ||
SPI Energy Co. (NASDAQ: SPI) provides solar storage and electric vehicle (EV) solutions to governments, businesses, residents and utility customers. Its focus is on the photovoltaic (PV) markets, and it develops, finances and installs residential power projects in China, Japan, Europe and North America.
The company generates revenue from manufacturing EVs and EV charging solutions. Another income stream is its engineering and construction services to independent power developers.
SPI Energy's strong foundation in the renewables sector positions it favorably for future opportunities and long-term success.
3. CBAK Energy Technology (NASDAQ: CBAT)
| Ticker | Company | ±% | Price | Invest | ||
|---|---|---|---|---|---|---|
| CBAT | CBAK Energy Tech | 5.42% | $0.90 | Buy stock | ||
CBAK Energy Technology Inc. (NASDAQ: CBAT) is the first publicly listed Chinese lithium stock in the U.S. market energy sector. This Chinese high-tech corporation is involved in the development, manufacturing and sales of lithium batteries and raw materials used for manufacturing high-power lithium batteries.
CBAK Energy Technology, a leading lithium-ion battery manufacturer and electric energy solution provider in China, has reported impressive financial results. CBAK Energy's collaboration with PowerOak, a globally recognized brand in the portable power supply market, further strengthens its growth prospects.
4. Orbital Infrastructure Group Inc. (NASDAQ: OIG)
| Ticker | Company | ±% | Price | Invest | ||
|---|---|---|---|---|---|---|
| – % | $ – | Buy stock | ||||
Orbital Infrastructure Group, Inc. (NASDAQ: OIG) provides engineering, design, construction and maintenance services to industries such as electric power, telecommunications and renewables.
It aims to support the growth and sustainability of these sectors by offering innovative solutions and reliable services. OIG is a leading player in the industry and strives to meet the evolving needs of its customers.
It is currently looking into strategic alternatives to improve growth prospects. While not guaranteed, this approach shows its commitment to expansion and value creation.
5. Aqua Metals Inc. (NASDAQ: AQMS)
| Ticker | Company | ±% | Price | Invest | ||
|---|---|---|---|---|---|---|
| AQMS | Aqua Metals | 4.17% | $1.50 | Buy stock | ||
Aqua Metals Inc. (NASDAQ: AQMS) provides clean and safe metal recycling services through technology innovations that deliver high-value raw materials back into the manufacturing supply chain.
The company has been awarded 68 patents for its AquaRefining technology, which recovers high-valued metals from recycled lithium-ion batteries. Its investments in metal recycling methodologies should help retain strategic metals within the U.S. and encourage lower reliance on toxic mining operations.
Besides offering one of the most cost-efficient recycling solutions for lithium-ion batteries, Aqua Metals will produce high-quality nickel and lithium hydroxide from lithium-ion batteries. This development is a key innovation step since present recycling processes cannot recover lithium.
Pros
Popular stocks such as Amazon and Google can cost several thousand dollars per share. That makes the barrier to entry for investment too high for investors with limited funds. Penny stocks are cheap, enabling investors with a few hundred dollars to own thousands of shares in certain companies.
Because of their high volatility, penny stocks offer significant growth potential. They can provide high returns in short periods, but they’re also highly risky.
In summary, penny stocks are:
- More affordable than high-priced stocks
- Offer significant growth potential because of high volatility
- Feature low prices to enable potential massive capital appreciation in short periods
Cons
Besides their inherent risk, penny stocks lack key components investors require to make a sound investment.
Limited Public Information
Penny stock companies are usually listed on pink sheets, so they’re not required to file financial statements to the SEC. That provides the public with limited financial information about these companies, which don’t follow the same regulations as SEC-regulated companies.
Low Liquidity
Selling your penny shares might be challenging because of low liquidity as a result of infrequent trading. Low liquidity also opens the door to price manipulation and could result in a pump-and-dump scheme.
No Minimum Standards
Companies listed on pink sheets don’t need to meet the minimum standard requirements to continue trading on over-the-counter (OTC) exchanges. That enables a penny stock company to move from a major exchange to a smaller OTC exchange if it cannot maintain its listing position.
Where to Buy
Reduce the risk of investing in penny stocks by choosing the right broker. Benzinga found the best penny stock brokers.
- 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
Frequently Asked Questions
Can you get rich on penny stocks?
Getting rich with any asset depends on the amount you own and its volatility. Investors who own a large number of penny stocks with low a market cap experience high volatility but can also make significant returns.
What stocks are green right now?
Some of the popular green penny stocks Benzinga found are SPI Energy, American Battery Technology Company and CBAK Energy Technology.
Should you invest in greenenergy?
Investing in green energy stocks can provide potential long-term growth and align with socially responsible investing, but they can also be volatile and affected by regulatory changes. It’s important to research and consult with a financial adviser before making a decision.
About Goran Radanovic
Goran Radanovic is a seasoned expert in Equities, Forex, and Crypto markets. With extensive experience in financial analysis and trading strategies, Goran provides valuable insights into investment opportunities across diverse asset classes. His expertise spans from evaluating equity markets to navigating the complexities of the Forex and cryptocurrency landscapes. As a trusted authority in the field, Goran Radanovic delivers informative content and analysis to empower investors in making well-informed decisions.