Investorideas.com (www.investorideas.com) Cleantech Stock News Bites
Point Roberts WA, Delta, BC - February 20, 2020 - Investorideas.com, a leading investor news resource covering Cleantech stocks and Renewableenergystocks.com release a special report on the continued growth and success of the clean energy/technology sector over the last year and how investors are winning by going green.
A recent Bloomberg article on how Cleantech stocks are paying out mentioned, "not since 2013 has there been a year when the S&P 500 Index and Russell 3000 gained 31%. Yet this exceptional result didn't come close to the performance of the clean companies, with their combined total return (income plus appreciation) of 40%. Together they were worth $946 billion last year, more than triple their market capitalization at the end of 2010. Whether the investment period is 2, 5 or 10 years, the return is superior by margins of 12%, 37% and 112% for clean companies."
The article continued, "Utilities, energy and technology are the most prominent industries among the 92 companies meeting the BNEF criteria. The 19 energy firms in the group produced a 106% total return, 15 times the 7% gain by the overall energy-stock benchmark, the Russell 3000 energy sector. The nine technology companies among the 92 returned 70% when the Russell 3000 technology sector appreciated 46%, and the 16 BNEF-designated utilities earned 34% when the comparable Russell group advanced 26%, according to data compiled by Bloomberg."
Betting on solar with its acquisition in the sector, SinglePoint Inc. (OTCQB: SING) recently released its preliminary (unaudited) annual results achieving over $3,300,000 in revenue. SinglePoint continues to show positive progress with annual revenue traction delivering increased revenue in the triple digits, 190% increase from 2018 to 2019. $2,000,000 in annual revenue was directly derived from Direct Solar of America, in approximately six months of operations. Annualizing these results would have delivered over $5,000,000 in 2019 revenue. The 2020's are positioned to be the decade of solar, and with SinglePoint's acquisition of Direct Solar of America and its emerging business units, SinglePoint anticipates significant and sustained growth through the decade.
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