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Cleantech and Climate Change Podcast: Cleantech stocks go "to the Moon" with Tesla (NASDAQ: $TSLA) Leading the Pack

 

Point Roberts, WA and Delta, BC - June 11, 2020 (Investorideas.com Newswire) Investorideas.com, a global news source and leading investor resource covering cleantech and renewable energy stocks (Renewableenergystocks.com) issues today's edition of the Cleantech and Climate Change Podcast, talking about today's problems and solutions for the future.

Listen to the Podcast:

https://www.investorideas.com/Audio/Podcasts/2020/061120-CleanTech.mp3

Cleantech and Climate Change Podcast: Cleantech stocks go to the "Moon" with Tesla (NASDAQ: TSLA) Leading the Pack

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Today, Investorieas.com is looking at the stellar performance of some well- known cleantech stocks. (Note: all prices are based on the close of trading for Wednesday June 10th.)

Tesla Inc.'s ( NASDAQ: TSLA) stock broke the $1000 price mark and closed up at $1,025.05, a gain of $84.38 or 8.97%. Looking at recent months and how the stock fell with the initial Covid-19 response, Tesla has regained its pre-pandemic highs and soared past them. But let's not forget that this guy now has a successful manned space launch under his belt, and he's apparently pushing SpaceX to his 7,000 plus employees, saying not to waste any time after this first manned space launch.

CNBC reported that this recent spike may be due to a recent memo pushing another product. "Tesla CEO Elon Musk is pushing the company to begin "volume production" of its Semi commercial truck, according to the memo obtained by CNBC."

"It's time to go all out and bring the Tesla Semi to volume production. It's been in limited production so far, which has allowed us to improve many aspects of the design," Musk said in the memo. "Production of the battery and powertrain would take place at Giga Nevada, with most of the other work probably occurring in other states."

Ballard Power Systems Inc. (NASDAQ: BLDP)( TSX: BLDP.TO) closed on the NASDAQ at $14.58, up $2.16, a gain of 17.39% with no news or headlines - just overall momentum for the cleantech sector. The stock was down in aftermarket trading, so we will see what lies ahead short term but long term, the trend is their friend.

On their blog in late May, the CEO outlined 8 industry outcomes to expect in a post COVID-19 world:

  1. Low- and zero-emission regulations are here to stay
  2. Governments will target PM2.5 emissions
  3. Demand for commercial trucks will increase
  4. Stimulus packages could support new hydrogen infrastructure
  5. OEMs and Tier 1 suppliers will partner with zero-emission technology providers
  6. Support for green hydrogen will continue to grow
  7. Big players will increasingly invest in clean energy
  8. Green hydrogen and fuel cells will help improve energy and supply chain security

We are witnessing the trend roll out during the pandemic as large global companies are focusing on their sustainability message as part of their current narrative.

In late April, General Mills (NYSE: GIS) set a goal of 100% renewable electricity by 2030 as part of the RE100 global corporate initiative. To achieve this, the company is investing in renewable energy efforts to support the company's environmental objectives. Examples include two large-scale wind farms which will produce renewable energy credits (RECs), and anaerobic digestion (which captures and uses methane from waste to generate electricity). Internationally, the company is investigating renewable projects where it has energy-intensive operations."

deVere Group reported that since the beginning of May, 26% of clients around the world are eyeing exposure to, or are now part of the environmental, social and governance (ESG) "megatrend."

Other stocks up in Wednesday's session-FuelCell Energy, Inc. (NASDAQ: FCEL) closed up at $3.37, up 0.7600 or 29.12% on substantial volume of over 49 Million shares. The Company announced the upcoming release of its second quarter results prior to the Stock Market Open on Friday, June 12, 2020. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Friday, June 12, 2020 to discuss the second quarter results for fiscal 2020.


Bottom line - these stocks will have their daily and weekly ups and downs but they have shown clearly that they can recover from the pandemic and the long-term picture shows the sky is the limit - as Tesla's founder is conquering that as well.

Thanks, that's it for today. Do something good for this beautiful planet each and every day.

Podcast host: Dawn Van Zant, founder of Investorideas.com

If you would like to be a guest on this podcast and tell your story please call me at 800 665 0411

For investors following cleantech stocks we do have a directory of publicly traded stocks - visit

https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp

The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Sticher, Spreaker.com, iHeart.com and Google Play Music.

Visit the Cleantech and Climate Change Podcast page at Investorideas.com

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea's original branded content includes the following podcasts and columns : Crypto Corner, Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change, Exploring Mining the AI Eye.

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