With these two factors in mind, let's take a look at three trending energy stocks this week. That is a game changer. Wind + Solar: NextEra Energy Inc. Market Cap: $114.0B. What's more impressive is that in the past six months, shares have shot up by a staggering 380% or so. Why Are Investors Watching These 4 Energy Penny Stocks? The company states that the proceeds from this offering will be used in the evaluation and assessment of activities at the Wheeler River project. This means that there is a large focus on renewable energy penny stocks. One of the main factors for the growth of oil and gas penny stocks is a COVID vaccine. Over the last year, SOL shares have climbed from lows of $0.85 to over $32 this week. The company states that its primary assets are located in South America. In the past month, shares are up by around 20%; and since October, shares are up by around 50%. CEO of the company, Bill Way, stated that "this strategic transaction represents another deliberate step in our disciplined repositioning strategy. On PennyStocks.com you will find a comprehensive list of Penny Stocks & discover the Best Penny Stocks to buy, top penny stock news, and micro-cap stock articles. Energy Penny Stocks to Watch: Gevo Inc. Gevo Inc. is a renewable chemicals and biofuel company working out of the U.S. The MarketWatch News Department was not involved in the creation of this content. Energy Penny Stocks to Buy [or avoid] #2: Southwestern Energy Company. Ocean Power Technologies Inc. (OPTT Stock Report) is another company on this list that is quite different from many of its competitors. It seems as though there are two reasons why this is the case. ... Ormat Technologies Inc (ORA) Q4 2020 Earnings Call Transcript. Despite a successful hedging strategy, my Ten Clean Energy Stocks for 2020 model portfolio has now lost almost 25% of its value since the start of the year. Now, around eleven months after the pandemic began, we are beginning to see hope from investors for greater energy demand. One of the things that potentially make OPTT stock one to watch is its position in the renewable energy market. As vaccine efforts rise, investors are continuing to search for penny stocks to watch. But, very quickly massive stay-at-home orders took place, resulting in a massive reduction in energy consumption. Is there a problem with this press release? Now, this is quite broad as it includes both renewable energy penny stocks, oil, and coal stocks, and companies related to the production or distribution of energy. These companies saw a large drop in value as demand for fuel shot down earlier in the year. In October, the company completed a public offering of around 51 million common shares. This software can help customers to monitor offshore oil and gas operations as well as offering communications solutions for these operations. Dec 15, 2020 (StockMarket.com via COMTEX) -- Will These Top Renewable Energy Stocks Flourish In 2021? Contact the source provider Comtex at editorial@comtex.com. One of the main industries that investors are watching right now is the energy sector. At the end of 2019, the company stated that it had around 12,721 billion cubic feet of natural gas equivalent (Bcfe). 4 Stocks On Robinhood To Watch, Penny Stocks Definition & Frequently Asked Questions, Can You Make Money With Penny Stocks? A member of The Motley Fool since 2006, Scott began contributing content in 2013. Additionally, because it has resumed work at its Wheeler River project, the company should be on target to reach its uranium goals for year-end 2020. While KOS stock is definitely volatile due to its penny stock pricing, it has shown a great deal of bullish interest from investors this month. Energy Penny Stocks to Watch: Contango Oil & Gas Co. Contango Oil & Gas Co.(MCF Stock Report) is an independent oil and natural gas company working on the acquisition, exploration, and development of various projects around the U.S. Electricity consumption is down around … At the end of last year, the company stated that it held reserves north of 316 billion cubic feet equivalent. The first is the elephant in the room, which is covid. The goal is to begin seeing higher demand as covid hopefully lessens in severity in the coming months. This would hopefully mean that more people could travel, thus an increased demand for energy. The contingent payments locked into the agreement with Shell ensure we retain upside from frontier exploration with no further investment.". Southwestern Energy Company works similarly to Kosmos in that it explores and develops natural gas and oil. In addition, Gevo Inc is researching how to utilize low carbon fuels to help reduce carbon emissions in air travel. 3 Top Renewable Energy Stocks to Buy Right Now ... Feb 24, 2020 at 8:15AM Author Bio. With its position in the energy market continuing to increase, Contango Oil & Gas could be a penny stock to watch right now. An annual tradition, here is my Ten Clean Energy Stocks for 2021, which is also the new model portfolio for the year, with equal dollar values of each stock using closing prices on 12/29/2020. There are a few key reasons why these have shot up so much in value in the past few months. Returning stocks … In the past month, shares have shot up by over 85%, and since September, around 120%. This deal should bring in around $95 million in funds as well as potential future payments of $100 million or so. Top Energy Penny Stocks to Watch, December 2020. In its 2020 and 2021 market-outlook update, the organization predicts that additions to global renewable-energy capacity will resume growth to new highs of almost 200 gigawatts (GW) in … Renewable Energy and Electric Vehicle Penny Stocks To Watch Right Now. In the report, the company stated that it recently resumed production at its key locations following a covid-related shutdown. Press Release 4 Energy Penny Stocks to Buy Under $4 In December 2020 Published: Dec. 10, 2020 at 12:15 p.m. NextEra Energy (NEE) Not only is NextEra Energy (NYSE:NEE) the world’s largest utility, it’s also the … Penny Stocks (PennyStocks.com) is the top online destination for all things Micro-Cap Stocks. Contact the source provider Comtex at editorial@comtex.com. This could mean a bullish trading pattern for fossil fuel-based energy in the next few months. Energy Penny Stocks to Buy [or avoid] #3: Denison Mines Corp. Denison Mines Corp. is different than the other penny stocks on this list in that it explores and develops uranium. We strengthened our position as a premier producer in the Appalachia basin with an at-market, accretive acquisition that provides a step change in free cash flow. Luke Lango looks at several solar energy stocks that will surge in 2021. Oil and gas penny stocks are generally represented by the Invesco S&P SmallCap Energy ETF , though the fund includes many micro- and small-cap stocks that are not considered penny stocks… These are companies that produce anything from solar/wind power to natural gas. ORA earnings call for the period ending December 31, 2020. New Flyer was a great 10 Clean Energy … [Read More]Penny Stocks Definition & Frequently Asked Questions, Recently, the company announced a statement regarding United Airlines commitment to reducing its greenhouse gases. For some context, Wheeler River stands as the largest undeveloped uranium project in the Athabasca Basin. The proceeds enable Kosmos to strengthen the balance sheet while accelerating high graded exploration opportunities in proven basins. Energy Penny Stocks to Watch: Ocean Power Technologies Inc. [Read More]4 Energy Penny Stocks to Buy Under $4 In December 2020 When looking for a biotech penny stock to watch, investors should consider the company's participation in the market as … The company states that it produces both crude oil and natural gas in the Gulf of Mexico as well as in Texas, Louisiana, Oklahoma, and Wyoming. During trading on December 15th, shares of OPTT stock shot up by around 7.3%. During the trading day, shares of SWN shot up by a solid 12.8% or so. As a large energy company, SWN has benefitted from vaccine hopes in the U.S. and abroad. This would be a major benefit to companies like Gevo Inc. for obvious reasons. American Clean Energy And Security Act Of 2009: A piece of legislation that was created in an attempt to establish an economy-wide climate and energy policy to help address the issue of … With this, it was able to raise almost $19 million. The second factor has to do with the upcoming Biden presidency. The company states that this resource could yield up to 132 million pounds of 3.3% grade uranium. The company operates in the airline sector, providing jet fuel, gasoline and diesel to commercial and private aircraft. 5 To Watch Today. You can also contact MarketWatch Customer Service via our Customer Center. Sunrun (RUN) Cue the solar-related puns for Sunrun, because RUN stock is higher by 267% this year, … As stated earlier, Biden's presidency has a large goal of moving the U.S. toward renewable energy within the next decade or so. Currently, the company has around 5% of its capital going to exploration activities. Recently, the company announced its 2021 capital budget as well as a financial update. Dec 15, 2020 (Penny Stocks via COMTEX) -- Will Energy Penny Stocks Recover In 2021? This means that it is a part of the fossil fuels industry as well as the renewable energy market. Hindsight is 2020, and even that target was conservative in light of what has happened. Whether or not this makes the list of penny stocks to buy right now remains up to investors. With that in mind, it appears as though companies like Ocean Power could build in popularity. 5 To Watch Today, ‘Very difficult to be bearish’ on stock market, says billionaire investor David Tepper, Don’t buy the dip in tech stocks, sell the bounces, strategist says, PayPal to acquire Curv as it bolsters crypto ambitions, 3 things you can still do to minimize last year's taxes, GE's stock jumps toward 3-year high after WSJ report that deal to sell GECAS to AerCap is near. The top renewable energy stocks have a bright future. FANG shares have shot about 160% higher from … While rollout may take some time, the hopes are that travel can resume in the very near future. Southwestern Energy Company is another big gaining energy penny stock on December 10th. 2021 is expected to be a huge year for penny stocks. Benzinga's Proprietary Penny Stock Service is Finally Here. Ocean Power Technologies states that it works in producing clean electric power in offshore projects. In addition, the added factor of a cemented Biden presidency means that there are additional industries that traders should be focused on. If a vaccine can see widespread adoption and covid comes to an end, there's no doubt that energy consumption would go up. COMTEX_376236360/2643/2020-12-15T16:46:11. Why Are Investors Focusing On These Energy Penny Stocks? The company works by utilizing a full-cycle deepwater drilling method in order to produce oil and gas. The company also stated that it believes 2021 could have a great deal of growth for it. … .. but the Street is undervaluing renewable natural gas stocks. While it was hit hard in early 2020 like most other energy stocks, Diamondback Energy (FANG, $40.52) has come back with a vengeance. Patrick Gruber, CEO of Gevo, stated that "we welcome United's positive announcement to support the reduction of greenhouse gases. Both of these countries have also put significant emphasis on their desire to have mining operations continue in the near future. Is there a problem with this press release? You can also contact MarketWatch Customer Service via our Customer Center. 4 To Watch Today, ‘Very difficult to be bearish’ on stock market, says billionaire investor David Tepper, Don’t buy the dip in tech stocks, sell the bounces, strategist says, PayPal to acquire Curv as it bolsters crypto ambitions, 3 things you can still do to minimize last year's taxes, GE's stock jumps toward 3-year high after WSJ report that deal to sell GECAS to AerCap is near. The company states that it is working on utilizing renewable electricity and natural gas to help increase sustainability. With both of these seeing heightened interest from investors, SWN stock could be one to watch. Andrew Inglis, CEO of the company stated that "we are pleased to complete this transaction with Shell on schedule. Jump straight to ... Renewable energy stocks can seem like an attractive investment but make sure there are enough … Starting today, we are delivering on our commitment of at least $30 million in synergies.". With this, the company could continue its exploration into new properties as well as in the development of existing ones. The energy stock has a market cap of $1.7 billion and an … This is better than its broad market benchmark (SDY), which is down a little over 25%, but it is well below the rather resilient performance of its clean energy income stock … The company states that it has assets around the world in areas such as Ghana, Equatorial Guinea, and the Guld of Mexico. Copyright © 2021 MarketWatch, Inc. All rights reserved. Now, at the end of 2020, the vaccine means that covid could soon come to an end. Copyright © 2021 MarketWatch, Inc. All rights reserved. While the uranium market does move slower than traditional energy markets, bullish interest continues to look high. But it's likely we haven't seen the … Renewable energy stocks have been in turmoil over the last few months as investors wonder how energy investing will change in 2020 and beyond. The total purchase price of this deal comes out to around $58 million in total. At the beginning of the pandemic, energy companies were still producing high amounts of fuel as operations seemed quite normal. These activities mostly pertain to the Putumayo Basin in Colombia as well as the Oriente Basin in Ecuador. With all of this in mind, let's take a look at four energy stocks to watch as covid vaccines hit the market. In the past month, shares are up by over 40%. Dec 15, 2020 (Penny Stocks via COMTEX) -- Why Are Investors Focusing On These Energy Penny Stocks? It … Renewable energy stocks have had a great year in 2020, not because they've had outstanding growth or earnings, but because investors are speculating that the future will be very … Similarly, … Joe Biden has stated that he wants to bring America toward complete reliance on renewable energy within the next decade or so. Energy Penny Stocks to Buy [or avoid] #4: Gran Tierra Energy Inc. Gran Tierra Energy Inc. operates as an international energy company working on both oil and natural gas exploration. The MarketWatch News Department was not involved in the creation of this content. In July, the company announced that its Wheeler River project would be up and running once again following a covid-related shutdown. On December 10th, shares of KOS stock are up by as much as 13.7% during intraday trading. With its massive stockpiles, the company looks like it should be able to meet any major post-covid demand for energy. New Stocks for 2020 NFI Group, Inc. (NFI.TO, NFYEF) (formerly New Flyer Industries) is a leading manufacturer of transit buses and motor coaches. Top Mushroom Penny Stocks To Watch For 2021, 5 Penny Stocks To Watch Before Next Week, Epicenter Stocks In Focus, Best Penny Stocks To Buy Under $5? After a day of political turmoil in the U.S., the stock market and many penny stocks managed to move higher. Gevo Inc. (GEVO Stock Report) is an interesting energy penny stock in that it is quite different from most others. Solar, wind, hydrogen ... all are renewable energy sources Wall Street loves. The company stated that the Columbian government has allowed for tax refunds and extensions on certain contractual obligations. This includes both Colombia and Ecuador. On December 10th, shares of GTE stock were up by as much as 8% or so during intraday trading. During 2020, Denison Mines has been working on several key projects. While air travel has without a doubt seen better days, many investors believe that a vaccine could help turn this around. When it comes to energy stocks, there are two distinct areas of the market. Before we start making a list of penny stocks to watch, let's talk about why energy penny stocks are seeing so much attention. SolarEdge is one of the most solid pure plays in the renewable energy industry right now. The stock shot up 177% in a 2020 buying rush, from $101 to $280. COMTEX_375896422/2643/2020-12-10T12:15:27. In addition to this, the company recently announced that it has entered into an agreement to purchase various assets in the Big Horn Region as well as in the Permian Region. Second, we have renewable energy penny stocks. Within the pandemic stricken economy, there are several areas of focus that investors are keyed into. In November, Southwestern Energy announced that it had completed the acquisition of Montage Resources. This meant that energy companies were sitting on a lot of raw materials with no demand to match. This should help to bring in roughly $22 million in proceeds. [Read More]Can You Make Money With Penny Stocks? [Read More]Best Penny Stocks To Buy Under $5? With this however, the company will have greater access to some of the most energy rich locations in the U.S. Recently, the company announced that it sold around $14.2 million shares of common stock in a private placement deal. It is also notable the possibility to have a net zero or even negative, GHG profile with SAF like ours. It is good for the airline industry, good for U.S. farmers, good for consumers, and good for the environment.". Historic estimates show that this area alone could produce around 1.2 billion barrels in total. These companies have seen a great deal of bullish momentum for two reasons. In addition to this, the company is also involved in the software industry with its PowerBuoy technology. First Solar (FSLR) First Solar has been just as explosive, running up from a July low of $50 on Biden … YTD Share Returns: 34.1% NextEra Energy … Dec 10, 2020 (Penny Stocks via COMTEX) -- It’s a growing independent energy company primarily engaged in natural gas and crude oil exploration, development and production. First, the election of Joe Biden means that the U.S. will move toward becoming fully renewable energy-based within the next few decades. The company states that it has a 90% interest in the Wheeler River Uranium project which is located in Canada. This includes the Elk Basin, which has produced around 500 million barrels of oil in its entirety. As vaccine efforts rise, investors are continuing to search for penny stocks to watch. In addition, the ending of covid would be a large benefit to the renewable energy market. ... 2020. Recently, Kosmos Energy announced that it has closed on a transaction to lower its interests in Suriname and other areas in Africa. ET Renewable energy stocks have had an amazing year in the stock market so far. Energy Penny Stocks to Buy [or avoid] #1: Kosmos Energy Ltd. Kosmos Energy Ltd. is an independent oil and gas exploration company working in the Atlantic. Energy penny stocks have become some of the most popular investments in the COVID-era of trading. Top Penny Stocks To Watch As Small Caps Reach All-Time Highs In 2020, Best Penny Stocks To Buy Today? In the past few months, GEVO stock has seen some considerable … In the past month, shares have shot up almost 70%; and since November, around 100%. 4 To Watch Today. Because of its solid financial situation and the recent uptick in demand for uranium, Denison Mines has seen a lot of popularity in the past few months. One of the things that separates Southwestern Energy from other energy penny stocks is that it produces both natural gas and oil. In the U.S. a vaccine was approved during the second week of December. With so much positive sentiment surrounding the renewables market, OPTT stock could be considered by some as a penny stock to watch. First, there are energy penny stocks that deal with oil and natural gas.