Renewable Energy Stocks Remain Hot Sector In ESG (VKIN, ABML, CLNV, FCEL)
Naples, FL
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February 21, 2023 05:00 AM Eastern Standard Time
When it comes to promoting ethical business practices and environmental sustainability, many investors want to back up their words with actions. However, given that many businesses prioritize profits above all else, this can be challenging.
An ESG stock is one that satisfies certain standards for sustainability and social responsibility. ESG is an acronym that stands for Environmental, Social, and Governance.
These businesses strive to be environmentally responsible, to give back to their communities, and to treat their employees fairly while promoting diversity. They also practice transparency in their leadership and how the business is run.
While some remain skeptical, it is clear that ESG stocks are here to stay, with experts predicting the global renewable electricity capacity to rise more than 60% from 2020 levels to over 4,800 GW—equivalent to the current total global power capacity of fossil fuels and nuclear combined—by 2026. For that reason, stocks in the renewable energy sector could make for a great investment.
However, the high prices of these well-known ESG and other renewable energy stocks can be intimidating for many investors, making it difficult for them to get in on the action.
This is where smaller, cheaper ESG stocks can present a good opportunity. While these stocks may not be as well-known as their larger counterparts, they may have more appealing valuations and the potential for significant growth.
By investing in smaller ESG stocks, investors can potentially get in on the ground floor of a promising company and benefit from its growth over time.
Viking Energy Group Inc. (OTC: VKIN) is a smaller, yet promising, player in the ESG space. The company has a strong focus on acquiring and developing clean energy solutions, making it a great option for those looking for a more socially responsible investment. Furthermore, the company's stock is currently trading at an attractive price, which presents a good opportunity for investors looking to get in on a growing ESG company.
VKIN recently announced an update regarding its medical waste treatment technology. The United States Patent and Trademark Office has granted U.S. Utility Patent No. 11,565,289 to Viking Ozone Technology, LLC, the company's majority-owned subsidiary.
The patent is titled "Multi-Chamber Medical Waste Ozone-Based Treatment Systems and Methods." VKIN states that a related international application is in the works, and in the near future, a few nations will be chosen for national phase coverage. The company believes that the approval of this US patent application will result in the issuance of additional related patents in other countries.
This utility patent covers unique Viking Ozone techniques and equipment for using ozone to treat biohazardous waste. Viking plans to use this technology in waste treatment and disposal systems found in care institutions, hospitals, jails, laboratories, and military bases.
According to the World Health Organization, managing medical waste requires greater diligence and care in order to avoid negative health effects. As the demand for medical waste grows, it is critical to prioritize waste treatment and disposal options that are both secure and environmentally responsible.
Additional technologies covered by VKIN range from carbon capture to green biodiesel production. Viking Energy also has licensing rights to ESG Clean Energy LLC's technology for Canada and 25 other markets in the United States.
VKIN obtained a US Patent (No. 11,286,832) last year for the IP and other rights licensed by VKIN from ESG involving a Bottoming Cycle Power System related to its carbon capture technology. The patent describes a 'exhaust-gas-to-exhaust-gas-heat exchanger.'
With their ground-breaking patents and technologies that cover numerous green technologies, VKIN is leading the market and ought to be at the top of any wise investor's wishlist for ESG stocks in 2023.
Another ESG play in the penny stock price range is American Battery Technology Company (OTC: ABML). ABML is focused on supplying low-cost, low-environmental impact, and domestically sourced battery metals through its three divisions: lithium-ion battery recycling, primary battery metal extraction technologies, and primary resource development.
ABML has developed a clean technology platform that is used to supply a critical source of domestically manufactured critical and strategic battery metals to help meet demand from the electric vehicle, electrical grid storage, and consumer electronics industries.
The company recently released its fiscal results for the second fiscal quarter of FY2023. Some of the key highlights include:
The company received a $57M U.S. Department of Energy (DOE) competitive award through the Bipartisan Infrastructure Law for the construction of its commercial-scale lithium hydroxide manufacturing facility to develop its unconventional, sedimentary claystone resource.
Cash was $11.4 million as of December 31, 2022 plus a subscription receivable of $2.0 million
The company invested $2.0 million in research & development for the six months ended December 31, 2022, up 304% when compared to the same period in the prior year
The stock has received notable attention throughout 2023 and remains a stock for any investor to put on their watchlist.
Another stock trading on the OTC market is Clean Vision Corporation (OTC: CLNV). CLNV owns and operates a portfolio of synergistic companies in the sustainable clean technology and green energy sectors.
Last week, CLNV disclosed that its Board of Directors had decided to declare a special dividend of five shares of the company's common stock for each hundred shares of common stock issued and outstanding.
On February 16, 2023, the board approved the dividend and set the record date for the dividend as February 27, 2023, and the payment date as March 13, 2023.
"We are happy to announce the Board has declared this special dividend to recognize and appreciate the support our shareholders have displayed throughout the early stages of the company's growth. Now, as we enter the next phase for our strategic long-term plans, we wanted to acknowledge and reward the shareholders for their support and confidence in the team at Clean Vision" said Dan Bates, CEO.
The last stock is FuelCell Energy, Inc. (NASDAQ: FCEL). FuelCell Energy is a global leader in sustainable clean energy technologies that address some of the world's most critical challenges around energy, safety, and global urbanization. It collectively holds more than 450 fuel cell technology patents in the United States and globally.
Last week, FECL, along with Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), a wholly owned subsidiary of Malaysia Marine and Heavy Engineering Holdings Berhad (KLSE: MHB), announced that they had signed a memorandum of understanding to collaborate on the development of large-scale electrolyzer facilities in Asia, New Zealand, and Australia.
While the EV and battery market may have underperformed last year, things may change in 2023.
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