VKIN - 5 Top Green Penny Stocks For 2023 (CEI VKIN SAENF HYSR SPI)
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Asthe world becomes increasingly focused on sustainability, there hasnever been a better time to invest in green penny stocks. If you areinterested in investing in companies that are making a positive impacton the environment while also potentially earning sizable returns onyour investment, then don't sleep on this project sector.
These companies arededicated to developing environmentally friendly solutions to theworld's most pressing problems, and as a result, they’re wellpositioned to benefit from the growing demand for sustainable productsand services.
Green penny stocks are working to revolutionize industries rangingfrom energy, waste management to agriculture, and their low stockprices allow investors to get in on the ground floor.
In this article, we’llhighlight four green penny stocks that have the potential to deliverreturns, while also making a difference.
Viking Energy Group, Inc. (OTC: VKIN) a subsidiary of Camber Energy Inc. (NYSE: CEI) is agrowth-oriented, diversified energy company. Viking provides customenergy and power solutions to commercial and industrial clients inNorth America through a number of majority-owned subsidiaries. VikingEnergy Group also holds an exclusive license in Canada for a patentedcarbon capture system.
Among the many green technologies under the VKIN umbrellainclude, a majority interest in entities with intellectual propertyrights to a fully developed, ready-for-market proprietary Medical& Biohazard Waste Treatment System using Ozone Technology and anOpen Conductor Detection System designed for power grid use.
Last month, the companyannounced that Viking Ozone Technology, LLC, the company'smajority-owned subsidiary, was granted U.S. Utility Patent No.11,565,289 by the United States Patent and Trademark Office.
The patent is titled"Multi-Chamber Medical Waste Ozone-Based Treatment Systems andMethods." VKIN states that a related international application isin the works, and in the near future, a few nations will be chosen fornational phase coverage.
The green technology will not be limited to insidethe US borders as VKIN believes that the approval of this US patentapplication will result in the issuance of additional related patentsin other countries.
This utility patent relates to Viking Ozone's proprietarymethods and devices utilizing ozone-based treatments for biohazardouswaste. Viking expects to use this technology in waste treatment anddisposal systems, such as those used in hospitals, prisons,laboratories, military bases, and care facilities.
The global medicalwaste management market was valued at $7,226.4 million in 2020 and isprojected to reach $12,834.9 million by 2030, with a CAGR of 5.8% from2021 to 2030.
According to the World Health Organization, managing medicalwaste requires greater diligence and care in order to avoid negativehealth effects. As the demand for medical waste grows, it is criticalto prioritize waste treatment and disposal options that are both safeand environmentally responsible.
VKIN continues to diversify their portfolio,investing in game-changing technologies and intellectual propertiesthat make a positive impact on the environment.
Solar AllianceEnergy Inc. (OTC: SAENF) is a leading solar energy solutionsprovider focused on the commercial and utility solar sectors.
SAENF is an energysolutions provider focused on the commercial, utility, and communitysolar sectors. The company focuses on reducing or eliminatingcustomers' vulnerability to rising energy costs. SAENF offers anenvironmentally friendly source of electricity generation and providesaffordable, turnkey clean energy solutions.
SAENF recentlyannounced that their Board of Directors has approved the appointmentof Christina Wu as Chief Financial Officer (CFO)) of the company,effective March 10, 2023.
Ms. Wu was previously CFO of the company fromFebruary 2020 to September 2021 and has served as CFO for severalpublicly listed companies.
"Ms. Wu was a critical member of the SolarAlliance team as we began our transition to large commercial,industrial, and utility solar projects," said CEO Myke Clark."I am pleased to welcome Ms. Wu back to the Solar Alliance andlook forward to continuing our progress.”
According to thecompany, SAENF is pursuing opportunities to expand throughpartnerships, joint ventures, or other initiatives.
Another green pennystock that should appeal to investors is SunHydrogen Inc. (OTC:HYSR) , which is developing breakthrough technologies to make,store, and use green hydrogen.
The company has its own patented SunHydrogen Paneltechnology, which is still currently in development and uses sunlightand any source of water to produce low-cost green hydrogen. In thesame way that solar panels produce electricity, the SunHydrogen Panelswill produce green hydrogen.
Recently, HYSR published a photo of the largestversion to date of the company’s nanoparticle-based green hydrogentechnology.
Theimage shows a panel that houses multiple hydrogen generators andcontains 16 times more hydrogen generator area than the previoussmall-scale model built by HYSR.
This prototype is currently the only self-containednanoparticle-based hydrogen generation device of its kind that splitswater molecules into high-purity green hydrogen and oxygen using thesun's energy.
For those interested in investing in revolutionary greentechnology, HYSR is leading the charge in hydrogen production, amarket that Goldman Sachs estimates to be worth $12 trillion by2050.
Forinvestors looking for a bit more of an established green penny, SPIEnergy Co. (NASDAQ: SPI) is a global renewable energy company andprovider of solar storage and electric vehicle (EV) solutions forbusiness, residential, government, logistics, and utilitycustomers.
In arecent company update, SPI disclosed their projected net income for2023, with the key figures being $250 million to $300 million inrevenue and $29 million to $36 million in net income.
“With near-termexpectations for an EBITDA positive and net profitable Q1 2023, we areconfident we will deliver between $29 million and $36 million in netincome for fiscal year 2023," said Xiaofeng Peng, Chairman and CEOof SPI Energy.
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