New renewable energy companies are filling a rapidly rising demand. Renewable energy production has led to new renewable energy penny stocks. These companies provide investors with an opportunity to invest in a growing industry. All while supporting the companies that are helping us move to a future of renewable and clean energy.
Penny stocks are defined by the SEC as stocks traded for under $5. Some investors only consider stocks trading at under $1 to be penny stocks. We will follow the SEC’s definition of a penny stock.
5 Best RENEWABLE ENERGY Penny Stocks
These are some very inexpensive stocks in renewable energy companies.
Ocean Power Technologies, Inc.
Ocean Power Technologies commercializes proprietary systems that create electricity. As their name suggests, they primarily harness renewable energy from the energy of the ocean’s waves. The company has multiple segments which are broken down along geographical lines. There are segments for North America, Europe, Asia, and Australia.
Hovering around $0.70 per share, Ocean Power Technologies’ stock is one of the hot penny energy stocks.
ReneSola Ltd
ReneSola Ltd manufactures solar wafers and modules. Unlike most solar energy penny stocks, this company focuses on this specific part of the solar energy industry. But their activities are broken down into four segments:
Wafer
Cell
Module
Solar Power Projects
The Chinese alternative energy penny stock is currently on an upward trajectory at about $1.25 per share. The products and services they provide are increasing in demand worldwide.
Clean Energy Fuels Corp
California-based Clean Energy Fuels Corp (CLNE on the NYSE) provides natural gas and alternative fuels for vehicle fleets in North America. The company also builds and manages compressed natural gas (CNG) and liquified natural gas (LNG) fueling stations.
Clean Energy Fuels recently announced a partnership with Chevron to help Chevron produce renewable natural gas. This and a few other recent deals have seen the company’s stock shoot up by over 20% following the breaking news. The stock is still trading at under $3 and is one of the hottest energy penny stocks to watch.
Urja Global
This Indian renewable energy company’s penny stock has attracted many investors in a brief time. It is one of the younger companies on our list, so now is a good time to get an early start and buy their shares.
Urja Global recently gained several new contracts for Solar PV module installation projects in several states. It is thus still a younger and thus riskier renewable energy penny stock, but it’s certainly worth watching. It’s also very inexpensive at just $0.05 per share.
Yingli Green Energy Holdings Ltd.
Lastly, we have Yingli Green Energy Holdings Ltd. The $0.15 Chinese penny stock is one of the cheaper ones you’ll find for a Chinese solar panel manufacturer.
More specifically, Yingli Green Energy Holdings produces photovoltaic cells and modules, as well as entire photovoltaic systems. It also develops and operates solar energy projects.
Best Renewable Energy Stocks Above $5
There are also several better-established companies with stocks that sell for more. Here are the best energy stocks above $5.
NextEra Energy Inc
NextEra Energy Inc is one of the largest alternative energy companies in North America. The company has over 14,000 employees in the US and Canada. Together, they produce approximately 45,900 megawatts of renewable energy per year. This resulted in a profit of over $17 billion in 2017.
One of the great things about NextEra Energy is that the company doesn’t only produce energy. It also the biggest utility company, and it invests billions of dollars in infrastructure. The company can also brag that it’s the largest single producer of wind and solar energy in the world. So, it’s a hot investment pick if you’re looking for a defensive investment in an established company.
Renewable Energy Group Inc.
As another established renewable energy company, Renewable Energy Group Inc. is a biodiesel production company based in Iowa. The company currently operates 14 biorefineries and one feedstock processing facility.
Renewable Energy Group became a Fortune 1,000 corporation in 2018. It is now one of the most well-established companies dedicated to biodiesel.
Canadian Solar Inc.
Canadian Solar Inc., together with all its subsidiaries, designs, develops, manufactures, and sells:
Solar ingots
Wafers
Cells
Modules
Other solar power products
There are two segments to Canadian Solar Inc. The first is the module and system solutions (MSS) and energy segment. The MSS and energy segment designs, develops, manufactures, and sells the products listed above. It also provides further services including engineering, procurement, and construction.
The second segment of Canadian Solar Inc. is the Energy segment. This segment develops and sells solar energy projects including solar power plants.
Canadian Solar Inc. is currently trading for under $25.
Why choose Clean/Green Energy Penny Stocks?
The rise of green energy is a defining movement of the 21st century. Governments around the world and in the US have attempted to increase the production of renewable and green energy for environmental purposes. Recently, it has become more apparent that most US consumers feel similarly. The need for clean and renewable energy production is clear.
The shift in state and consumer attitudes to green energy has spawned a new drive for businesses trying to profit from this new demand. That’s why alternative energy penny stock investment represents a new opportunity for investors. The green, renewable energy market is only set to grow in the near future.
Geothermal Energy Companies Stocks (Extra Hot Picks)
Geothermal energy is reliable and environmentally friendly. The efficiency it offers makes geothermal energy companies stocks another option for investors in new energy companies.
Ormat Technologies
Ormat Technologies has operated in California for decades. But the state’s path towards 100% clean energy has led regulators to consider proposals to double geothermal energy production by 2030. That’s where Ormat comes into the picture.
Ormat produces geothermal energy in 25 countries. They are now poised to benefit enormously from the new demand for its product in California. The state needs to produce energy after dark, at which point wind and geothermal energy are the most promising. This diversity will help California reach its clean energy goals.
Polaris Infrastructure
Polaris Infrastructure operates both hydro and geothermal energy production operations. The company's subsidiaries run a 72-megawatt capacity geothermal energy facility in Northwest Nicaragua.
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