Due to Covid-19, the year 2020 will be remembered as one of the most volatile years for the entire energy sector, for good and bad. Conventional fossil fuel commodities and companies shares have seen a historic plunge in prices. On April 20th, 2020, the price of West Texas Intermediate crude oil slumped into negative for the first time in history, falling to negative 37.63 U.S. dollars per barrel. Nevertheless, some energy stocks, mostly the renewable energy ones, have seen an incredible rise in value and investor optimism going into 2021. Here are some of the industry’s Top Stocks for 2020\2021:
Pacific Ethanol, Inc. – (PEIX)
Pacific Ethanol is the leading producer and marketer of low-carbon renewable fuels in the Western United States. With the addition of four Midwestern ethanol plants in July 2015, the company has expanded their operations and sales footprint, more than doubling its scale, entering new markets, and expanding its mission to become the industry leader in the production and marketing of low carbon renewable fuels.
The stock returned an incredible 567.57% in the last 12 months, after a sharp correction from its October highs
Cheniere Energy Inc. – (LNG)
Cheniere Energy, Inc. is an international energy company, headquartered in Houston, Texas. They are the leading producer of liquefied natural gas (LNG) in the U.S. and the second largest LNG operator is the world.
The stock returned 29.54% in the last 3 months and it almost doubled since its March lows.
Brookfield Renewable Partners – (BEP)
Brookfield Renewable Partners is one of the world’s largest publicly traded renewable energy companies. It operates a global, multi-technology platform, which includes hydroelectric, wind, and solar energy generation facilities, as well as energy storage assets.
The stock returned 77% in the last 12 months and it is more than doubled in value since its March lows.
SolarEdge – SEDG
SolarEdge Technologies is a U.S.-domiciled, Israel-headquartered provider of power optimizer, solar inverter and monitoring systems for photovoltaic arrays. Its SolarEdge system consists of inverters, power optimizers, communication devices, smart energy management solutions, and a cloud-based monitoring platform.
The stock returned 213.45% in the last 12 months and has grown more than 4X since the March lows.
Ørsted A/S – OMX
Ørsted engages in the provision of renewable energy solutions. It operates across the globe through the following business segments: Wind Power, Bioenergy & Thermal Power, Distribution & Customer Solutions and Other Activities.
The stock returned 80.48% in the last 12 months and has doubled since the March lows.