4 Renewable Energy Stocks To Watch Before May entrepreneur.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from entrepreneur.com Daily Mail and Mail on Sunday newspapers.
Plug Power Inc.
Plug Power is a renewable energy company that is engaged in developing hydrogen fuel cell systems that replace conventional batteries in equipment and vehicles powered by electricity. In essence, it is a leading provider of clean hydrogen and zero-emission fuel cells that are both cost-effective and reliable. PLUG stock has risen by over 400% over the past year. During the same period, the company has announced multiple partnerships and executed strategic acquisitions.
Source: TD Ameritrade TOS
In its fourth-quarter financials that were posted in February, the company reported $337 million in gross billings for the year 2020, a 42.5% increase year-over-year. It also ended the year with $5 billion in cash to execute on its global growth strategy and objectives.
These Top Renewable Energy Stocks Are In Focus Before 2021
It has been a remarkable year for renewable energy stocks so far. They are amongst the top-performing sectors in the stock market. It is no surprise that top renewable energy stocks have outpaced the broader energy industry in 2020. This is because, with the ever-growing threat of climate change, renewable energy is a key focus for both world governments and investors alike.
Speaking of governments, renewable energy investors were definitely relieved when Joe Biden won the U.S. presidential race back in November. Being a strong advocate in the fight against climate change, Biden has a lot in store for the countryâs green initiatives. Firstly, Biden has pledged to rejoin the Paris Agreement and achieve economy-wide net zero emissions by 2050. Second, there are also plans to achieve zero-carbon electricity generation in the U.S. by 2035. His pledge of $400 billion in investments for his first term would see the accelerat