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The post Best Alternative Fuel Stocks by Chetan Shekar appeared first on Benzinga. Visit Benzinga to get more great content like this.
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.
Contents
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.
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.
The post Best Alternative Fuel Stocks by Chetan Shekar appeared first on Benzinga. Visit Benzinga to get more great content like this.
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