![]() Up more than 90% in the past year, you may think you missed the chance to ride the CCJ stock rebound. China, India, Egypt and Turkey have been investing in new nuclear reactors, which has already driven more interest in uranium plays like CCJ stock. The Gates/Buffett deal may be making headlines, but there’s already been a wave in nuclear power usage outside the United States. But their profit timeline and clean-hydrogen experiment means BE stock may be the best way to play this clean energy trend. But Bloom Energy has the shortest timeline to profitability. Besides BE stock, there’s FuelCell Energy (NASDAQ: FCEL) and Plug Power (NASDAQ: PLUG). Sure, there are many hydrogen fuel cell plays out there. This may be enough to send shares up from their current price of $24 and toward previous highs. Yet projections still call for this industry to grow at a healthy clip through 2027. Unfortunately, the president’s still-pending bill favors the battery-run electric vehicle (EV) space more than the hydrogen fuel cell industry. In the near term, Bloom Energy could be helped by more indicators that hydrogen will play a role in a post-fossil fuel world. For now, it may not have a big impact on the near-term price action of Bloom Energy shares. This possible catalyst for a BE stock bump is still in its early stages. Recently, the company signed a deal with Idaho National Laboratory to run experiments using nuclear energy to generate clean hydrogen. But when you dive into the details, there may be a nuclear connection with BE stock. Source: Sundry Photography / Īt first glance, oxide fuel cell company Bloom Energy has little to do with the Buffett/Gates deal. Ocean Power Technologies (NASDAQ: OPTT).So with the business community charging ahead toward a carbon-free future, which companies could benefit? These seven clean energy stocks have already gotten investors’ attention and could be just starting to heat up: And if nuclear power is part of the equation, the uranium sector may go along for the ride with conventional clean energy sources. Yet the private sector isn’t slowing down with its green pivot. A subsequent boom in nuclear power may take years to play out, and the government may be slow to implement policy changes. Sure, this project is only in its infancy. Advanced nuclear reactors are safer than traditional reactors and could help the world make the full shift away from fossil fuels. Uranium-based energy has gotten negative publicity, but has significantly improved in quality over the years. The clean energy sector does include nuclear power, but is largely focused on solar, wind and other less-controversial sources. Gates’ Terrapower is partnering with PaciCorp, which is owned by Buffett’s Berkshire Hathaway (NYSE: BRK-A, NYSE: BRK-B), to build an advanced nuclear reactor on the site of an old coal plant in Wyoming. The White House may still be working on its game plan to go green.īut a recent deal involving Bill Gates and Warren Buffett highlights how the business community is charging ahead with clean energy. This makes sense, given that Congress is still kicking the tires of President Joe Biden’s ambitious multi-trillion dollar green energy plan. The Dallas-based company is led by industry veteran Scott Sheffield, who has said he will retire at the end of this year and be succeeded by his chief operating officer Richard Dealy.After zooming on “blue wave” election results, clean energy stocks have cooled in recent months. shale rivals DoublePoint Energy for $6.4 billion in 2021 and Parsley Energy for $7.6 billion in 2020. Pioneer itself has bulked up through dealmaking, including the acquisitions of U.S. Chevron Corp (CVX.N), for example, agreed in May to acquire shale producer PDC Energy Inc in a stock-and-debt transaction worth $7.6 billion. ![]() Other oil majors have also been turning to dealmaking because they find it risky to drill new acreage. The potential deal is set to attract political and regulatory scrutiny, after the White House accused Exxon in February of achieving bumper profits at the expense of consumers. Still, this was dwarfed by Pioneer's output in the basin, which averaged 711,000 boed in the same period. Exxon produced about 620,000 boed in the Permian basin in the second quarter, a record for the company.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |