JEV:CC - Are These Renewables Stocks Set for MASSIVE Growth?
(NewsDirect)
ValueTheMarkets.com News Commentary: The enormousgrowth of renewable energy capacity and availability is creating areal variety of exciting opportunities for the discerning investor.This article discusses the issue with reference to First Solar( NASDAQ:FSLR ) , Brookfield Renewable Partners ( NYSE:BEP ) , Ormat Technologies ( NYSE:ORA ) and Jericho Energy Ventures ( TSXV:JEV ) ( OTC:JROOF ) .
Renewables are seeing enormous growth. According tothe International Energy Agency, 2022 was a record year for renewableelectricity capacity additions and this is set to be smashed by anunprecedented level of acceleration this year as new capacity hits 440GW. This momentum is enormous for green tech stocks and is boostinginvestor, analyst and corporate confidence. First Solar is adding newmanufacturing capacity, Ormat Technologies is upping storagecapabilities and Brookfield Renewable Partners is investing heavilyacross the board.
Renewables growth is fantastic for BUY-rated Jericho EnergyVentures ( TSXV:JEV ) ( OTC:JROOF ) , which produces zero-emissions tech thatrelies on renewable hydrogen energy. The company saw its analyst pricetarget upgraded by Atrium Research, jumping from C$0.40 to C$0.50.This boost follows strong news from the clean hydrogen specialist,including several partnership and customer wins. The company won afirst order for its unique zero-emissions hydrogen boiler technologyfrom one of America's biggest universities. It's also signed adeal to collaborate with one of the planet's leading alcoholicbeverage brands on a decarbonization study, which could lead to salesfrom a gigantic customer. It seems analysts have recognized that thecompany is starting to build the kind of momentum that could lead tomore major share price growth.
First Solar ( NASDAQ:FSLR ) is, unsurprisingly, a major player in thesolar energy game. The company has just announced plans for a fifth USfactory, with this $1.1bn expansion anticipated to grow manufacturingcapacity by 3.5 gigawatts (GW) to reach approximately 14 GW in the USand 25 GW globally in 2026. The business is throwing major weightbehind expansion, having committed to over $2.8bn in capitalinvestment and 7.9 GW of additional manufacturing capacity in the USover the last year. Its massive confidence in the part solar will playin the green transition has been mirrored to some degree by investors.That's because recent months have seen the company enjoysignificant share price growth, with gains of over 30% across the yearto date and almost 100% over the last 12 months. As such, the businesslooks like a key renewable energy player for the future.
Brookfield RenewablePartners ( NYSE:BEP ) operates a massive array of renewable energyassets. The company's portfolio consists of hydroelectric, wind,solar, distributed energy and sustainable solutions across fivecontinents. Like others in the space, it is splashing out on new greenenergy acquisitions to bolster its stock of green tech. Thecompany's most high-profile recent acquisition is that of DukeEnergy Renewables, a fully integrated developer and operator ofrenewable power assets, for $1.05bn in equity proceeds. This newlysnapped-up business has 5,900 megawatts of operating and underconstruction wind, utility-scale solar and storage assets, and a6,100-megawatt development pipeline. The move means that the businesswill have a total of almost 90,000 megawatts of operating anddevelopment assets, making it one of the largest renewable energypowerhouses in the US. It's safe to say that the company is all inon a renewable future.
Geothermal power specialist Ormat Technologies ( NYSE:ORA ) has broken new ground in the renewable energygame this year, bringing its newest and most advanced power plantproject online in May. The impact of the project is significant, withthe business claiming it will power 22,000 homes and reduce 3.5million tons of atmospheric carbon dioxide. In total, thecompany's second quarter saw it add approximately 100 MW of totalcapacity in geothermal, solar, and storage assets. More is on the waytoo, with the company having commenced construction of a 50MWgeothermal project in New Zealand, as well as three new energy storagefacilities. CEO Doron Blachar has noted "increasing demandglobally for geothermal energy" as general interest in renewablesaccelerates, boosting the company's confidence that it will beable to take advantage of growth opportunities in the comingmonths.
Themassive acceleration of renewable energy availability is leading tomajor opportunities in many different areas. Brookfield RenewablePartners is backing the sector to broadly succeed, but specialistslike Ormat Technologies and First Solar have found niche areas toexploit in the ongoing green revolution. Perhaps most interesting arebusinesses like Jericho Energy Ventures, which look beyond powergeneration to bring the revolutionary technologies that are madepossible through renewable energy acceleration.
IMPORTANTNOTICE AND DISCLAIMER
PAID ADVERTISEMENT
Thiscommunication is a paid advertisement. ValueTheMarkets is a tradingname of Digitonic Ltd, and its owners, directors, officers, employees,affiliates, agents and assigns (collectively the "Publisher")is often paid by one or more of the profiled companies or a thirdparty to disseminate these types of communications. In this case, thePublisher has been compensated by Jericho Energy Ventures Inc. toconduct investor awareness advertising and marketing and has paid thePublisher the equivalent of two hundred and sixty thousand US dollarsto produce and disseminate this and other similar articles and certainrelated banner advertisements. This compensation should be viewed as amajor conflict with the Publisher's ability to provide unbiasedinformation or opinion.
CHANGES IN SHARE TRADING ANDPRICE
Readers should beware that third parties, profiledcompanies, and/or their affiliates may liquidate shares of theprofiled companies at any time, including at or near the time youreceive this communication, which has the potential to adverselyaffect share prices. Frequently companies profiled in our articlesexperience a large increase in share trading volume and share priceduring the course of investor awareness marketing, which often ends assoon as the investor awareness marketing ceases. The investorawareness marketing may be as brief as one day, after which a largedecrease in share trading volume and share price may likelyoccur.
NO OFFER TO SELL OR BUY SECURITIES
Thiscommunication is not, and should not be construed to be, an offer tosell or a solicitation of an offer to buy anysecurity.
INFORMATION
Neither this communicationnor the Publisher purport to provide a complete analysis of anycompany or its financial position. This communication is based oninformation generally available to the public and on an interviewconducted with the company's CEO, and does not contain anymaterial, non-public information. The information on which it is basedis believed to be reliable. Nevertheless, the Publisher does notguarantee the accuracy or completeness of the information. Further,the information in this communication is not updated after publicationand may become inaccurate or outdated. No reliance should be placed onthe price or statistics information and no responsibility or liabilityis accepted for any error or inaccuracy. Any statements made shouldnot be taken as an endorsement of analyst views.
NO FINANCIALADVICE
The Publisher is not, and does not purport to be, abroker-dealer or registered investment adviser or a financial adviser.The Publisher has no access to non-public information about publiclytraded companies. The information provided is general and impersonal,and is not tailored to any particular individual's financialsituation or investment objective(s) and this communication is not,and should not be construed to be, personalized investment advicedirected to or appropriate for any particular investor or a personalrecommendation to deal or invest in any particular company or product.Any investment should be made only after consulting a professionalinvestment advisor and only after reviewing the financial statementsand other pertinent corporate information about the company. Further,readers are advised to read and carefully consider the Risk Factorsidentified and discussed in the advertised company's SEC, SEDARand/or other government filings. Investing in securities, particularlymicrocap securities, is speculative and carries a high degree of risk.Past performance does not guarantee future results.
FORWARDLOOKING STATEMENTS
This communication containsforward-looking statements, including statements regarding expectedcontinual growth of the featured companies and/or industry. Statementsin this communication that look forward in time, which includeeverything other than historical information, are based on assumptionsand estimates by our content providers and involve risks anduncertainties that may affect the profiled company's actualresults of operations. These statements involve known and unknownrisks, uncertainties and other important factors that could cause theactual results and performance to differ materially from any futureresults or performance expressed or implied in the forward-lookingstatements. These risks, uncertainties and other factors include,among others: the success of the profiled company's operations;the size and growth of the market for the company's products andservices; the company's ability to fund its capital requirementsin the near term and long term; pricing pressures; changes in businessstrategy, practices or customer relationships; general worldwideeconomic and business conditions; currency exchange and interest ratefluctuations; government, statutory, regulatory or administrativeinitiatives affecting the company'sbusiness.
INDEMNIFICATION/RELEASE OF LIABILITY
Byreading this communication, you acknowledge that you have read andunderstand this disclaimer in full, and agree and accept that thePublisher provides no warranty in respect of the communication or theprofiled company and accepts no liability whatsoever. You acknowledgeand accept this disclaimer and that, to the greatest extent permittedunder applicable law, you release and hold harmless the Publisher fromany and all liability, damages, injury and adverse consequencesarising from your use of this communication. You further agree thatyou are solely responsible for any financial outcome related to orarising from your investment decisions.
TERMS OF USE ANDDISCLAIMER
By reading this communication you agree that youhave reviewed and fully agree to the Terms of Use found herehttps://www.valuethemarkets.com/terms-conditions/ and acknowledge thatyou have reviewed the Disclaimer found herehttps://www.valuethemarkets.com/disclaimer/. If you do not agree tothe Terms of Use, please contact valuethemarkets.com to discontinuereceiving future communications.
INTELLECTUALPROPERTY
All trademarks used in this communication are theproperty of their respective trademark holders. Other thanvaluethemarkets.com, the Publisher is not affiliated, connected, orassociated with, and the communication is not sponsored, approved, ororiginated by, the trademark holders unless otherwise stated. No claimis made by the Publisher to any rights in any third-party trademarksother than valuethemarkets.com.
AUTHORS:VALUETHEMARKETS
valuethemarkets.com and Digitonic Ltd andour affiliates are not responsible for the content or accuracy of thisarticle. The information included in this article is based solely oninformation provided by the company or companies mentioned above. Thisarticle does not provide any financial advice and is not arecommendation to deal in any securities or product. News and researchare not recommendations to deal, and investments may fall in value sothat you could lose some or all of your investment. Past performanceis not an indicator of future performance. ValueTheMarkets do not holdany position in the stock(s) and/or financial instrument(s) mentionedin the above piece. ValueTheMarkets have been paid to produce thispiece by the company or companies mentioned above. Digitonic Ltd, theowner of valuethemarkets.com, has been paid for the production of thispiece by the company or companies mentioned above.
ContactDetails
ValueTheMarkets
+44 141 530 4080
CompanyWebsite
https://www.valuethemarkets.com
Copyright (c) 2023 TheNewswire - All rights reserved.