Point Roberts, WA and Delta, BC - December 30, 2019 (Investorideas.com Newswire) Investorideas.com, a global news source and leading investor resource covering cleantech and renewable energy stocks issues today's edition of the Cleantech and Climate Change Podcast, talking about today's problems and solutions for the future.
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Today's podcast transcript/overview:
To the surprise and delight of many investors - this was a great year for green stocks. Investors in 2019 could bet with their heart and still see some big wins financially. Although cannabis stocks were making all the headlines, this sector was making a lot of noise in the background.
Starting with the best performing stock on the TSX this year, Ballard Power Systems (NASDAQ: BLDP) ( TSX: BLDP) delivered on its vision for fuel cell power for a sustainable planet. The 52 Week Range on the TSX was a low of $3.25 to a high of $9.65.
On December 17th the company announced that 8 ExquiCity tram-buses built by Van Hool NV (www.vanhool.be) and powered by 8 Ballard FCveloCity®-HD 100-kilowatt fuel cell modules have been inaugurated at a ceremony in Pau, France and are now in revenue service in Pau's Bus Rapid Transit System.
On December 16th the company announced receipt of a purchase order from Weichai Ballard Hy-Energy Technologies Co., Ltd. for Membrane Electrode Assemblies (MEAs) valued at $19.2 million, to be delivered in 2020 under a long-term MEA supply agreement.
Millennials invested heavily in Tesla (NASDAQ: TSLA) and got a Christmas gift as the stock broke $430. The 52 week range for the stock was a low of $176.99 and a high of $435.31.
Wedbush analyst Daniel Ives recently raised his stock-price target by $100 to $370 noting "Both U.S. consumer demand for Model 3 and most importantly European strength should likely drive upside this quarter and enable Tesla to comfortably hit its vehicle delivery guidance of 360K-400K units for [the 2019 fiscal year], which represents an increase of 45% to 65% year-over-year."
Called the year of solar, 2019 gave investors glowing results, outperforming many other sectors.
Vivint Solar (NYSE:VSLR) had a 52 week range of a low of $3.68 and high of $9.82. In mid-December the company announced it closed a $200 million revolving asset-based loan facility. The facility will help fund the company's continued growth in 2020 and beyond by allowing Vivint Solar to finance the purchase of safe harbor equipment and receive attractive advance rates on projects throughout the development life cycle. Vivint Solar operates in 22 states and has raised more than $4.9 billion in cash equity, tax equity, and debt since its inception in 2011.
JinkoSolar's (NYSE:JKS) 52 week range was $9.52 - $24.84 and is currently trading between $22 and $23.
On December 10th the company announced it signed an agreement with COSCO SHIPPING Lines (Greece) S.A. to use the Greek Port of Piraeus as a distribution hub for the shipment of its renewable energy products in Europe, and in particular for Greece, the Balkans and the EMEA region.
JinkoSolar distributes it solar products and sells its solutions and services to a diversified international utility, commercial, and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium and other countries and regions.
SolarEdge Technologies (NASDAQ:SEDG) had an investor playing field of a $33.88 - $96.69 52 week range. SolarEdge says it has invented an intelligent inverter solution that has changed the way power is harvested and managed in a solar photovoltaic (PV) system. The SolarEdge DC optimized inverter system maximizes power generation at the individual PV module-level while lowering the cost of energy produced by the solar PV system.
Their third Quarter 2019 Highlights included:
Enphase Energy (NASDAQ:ENPH), a global energy technology company and the world's leading supplier of solar microinverters had a 52 week range of $4.56 - $35.42 and is currently trading under $27.00.
On December 19th they announced that Solair LLC, a commercial solar installation and green energy consulting firm based in Delaware, deploys Enphase microinverters on commercial solar projects to precisely right-size systems for financial incentives and interconnection requirements, improve installation time, and issue production guarantees with confidence.
Note all stock prices referenced were at the close of December 27, 2019.
If you would like to be a guest on this podcast and tell your story please call me at 800 665 0411
Thanks, that's it for today. Do something good for this beautiful planet each and every day
Podcast host: Dawn Van Zant
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