What Could These 3 Clean Energy Penny Stocks Offer Investors?
clean energy penny stocks have been on a tear ever since President Biden outlined his green energy & infrastructure plans on the campaign trail. For this reason, many investors are looking for the most promising clean energy penny stocks to watch right now.
“Alternative energy stocks have undergone a correction…but the fundamentals remain very good, and arguably got better with the unveiling of the Biden infrastructure plan, so we think the pullback presents a buying opportunity broadly.”
JPMorgan Analysts This Week
In the $2 trillion plan, hundreds of billions of dollars will be funneled into making the U.S. clean energy reliant within the next few decades. Because current infrastructure is not capable of this, there is a lot of potential in the future to find burgeoning clean energy companies.
Since there are so many to choose from and plenty of ancillary niches to monitor, it could be daunting to make a watchlist right now. It’s important to consider both the financials and what the company is doing in the long term. You should also consider if companies are currently working on a commercial strategy or still in the early developmental stages. Ideas are great, but physical products & executable services are obviously better. With all of this in mind, here are three clean energy penny stocks for your watch list right now.
Clean Energy Penny Stocks to Watch
Hudson Technologies Inc.
Hudson Technologies makes industrial products used in everything from commercial air cooling to refrigeration. This includes the production of refrigerants, industrial gasses, system decontamination, and more. It utilizes its Zugibeast System, which is a portable device used in on-the-go maintenance of critical services. You might be thinking, “Well, what does this have to do with clean energy?”
The answer is that refrigerant is a well-known greenhouse gas. Knowing this, Hudson is working to build out a platform that is less harmful to the environment. A few months ago, it announced a partnership with Bluesource, a carbon offset development leader, to reduce emissions associated with HFC refrigerants.
These refrigerants are found in industrial, commercial, and residential HVAC systems and almost any device that uses refrigerants. The pair aim to produce less environmentally harmful and more economical HFC refrigerants. On the financial side, Hudson Technology reported a Q4 2020 EPS of $0.11, which is an increase YoY of 56%.
Additionally, revenue came in at $22.11 million for the period, which is a decline of 14% over the previous years’ same period. This data shows that Hudson Technologies’ business is growing, but it has been affected by the pandemic. If Hudson can work to reinvent the refrigerant market, it could be a game-changer for the company. Will it be on…