New Energy Stocks To Watch
3 Top Renewable-Energy Stocks to Watch in January; If you want to add renewable-energy stocks to your portfolio, then Enviva Partners, SolarEdge Technologies, and Darling Ingredients are worth watching.
Tyler Crowe, Rich Smith, and John Bromels, January 29, 2019 (The Motley Fool)
“…[T]he long-term outlook for renewable energy looks incredibly promising…[The economics for renewable energy make it, in many cases,] cost-competitive without subsidies or other incentives…[Three stocks that reflect this are] Enviva Partners(NYSE:EVA), SolarEdge Technologies (NASDAQ:SEDG), and Darling Ingredients(NYSE:DAR)…[Enviva Partners is a] wood-pellet producer..[Its long-term contracts ensure] its revenue will be relatively stable over the next decade…[and] they bake in production growth of] 53% between now and 2023…It may be worth watching Enviva Partners for a few quarters…
[Darling Ingredients is steadily ramping up] its biofuel production…[Its Diamond Green Diesel joint venture with Valero Energy plans] a 70% increase in annual production capacity…[Solar-inverter maker SolarEdge recently expanded beyond solar by taking] a majority stake in Italy's S.M.R.E. SpA, a leader in ‘integrated powertrain technology and electronics for electric vehicles,’ including motorcycles, commercial vehicles, and trucks…[Its stock then] soared 19% in value…Priced at just 12.5 times earnings and expected to grow those earnings at 22% annually over the next five years, SolarEdge seemed to be a bargain even before this S.M.R.E. deal…” click here for more
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