Bulletin
Investor Alert

Feb. 13, 2020, 9:53 a.m. EST

Disruptive Solar and Electric Companies on the Move

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Alphabet Inc. Cl A (GOOGL)
  • X
    Amazon.com Inc. (AMZN)
  • X
    Apple Inc. (AAPL)

or Cancel Already have a watchlist? Log In

Feb 13, 2020 (IAM Newswire via COMTEX) -- Innovation and a green world are on top of today's discussions. In a perfect world humanity produces only green energy, forests are saved and the horizon is filled with fresh air.

Tech giants who use enormous amounts of energy in their operations are working toward a goal of meeting 100% of its energy from renewable sources. At the same time other companies are improving solar panels, building innovative products that produce solar or wind energy in the road to a world driven by renewable energy.

Renewable energy only
Google's chief executive /zigman2/quotes/202490156/lastsale GOOGL +1.36% revealed last year that they sign up to $2 billion wind and solar investments which is one of the biggest renewable energy deal in corporate history to make huge steps in using 100% renewable energy. Google is also involved in other projects like the Project Sunroof which computes

Amazon Inc /zigman2/quotes/210331248/lastsale AMZN -0.72% also plans to invest in new wind and solar projects. It plans to have 80% of their energy needs coming from renewable sources by 2024 and even 100% by 2030.

Apple Inc. /zigman2/quotes/202934861/lastsale AAPL -0.20% doubled suppliers that committed to run on 100 percent clean energy. Exceeding its goal to bring 4 gigawatts of renewable energy into the supply chain by 2020.

Tesla Inc /zigman2/quotes/203558040/lastsale TSLA +4.36% is without a slightest doubt, one of decade's biggest disruptors. Its CEO Elon Musk is now also nothing less of an icon but also a very rich man as the company's market cap reached new highs this year. With its stock surging 12 percent after the electric pioneer reported higher than expected earnings for the fourth-quarter. The term 'cash-crunch' is not revolving around Tesla no more as the company reported its very first annual profit since becoming public 10 years ago.

Solar and Pickup trucks
Tesla's Cybertruck has reached already millions of people while some players even preordered. Investors should not forget about companies that prosper from these developments in both the solar and the electric vehicle market. For example, Franchise Holdings International Inc., /zigman2/quotes/200413469/delayed FNHI +30.36% parent of Worksport Ltd which produces light truck tonneau covers generating electricity from solar energy announced yesterday that they will sell and distribute their products on Amazon. With a portfolio of intellectual property this company has been rapidly expanding for several years in three continents.

EV's Super Bowl win
The last Super Bowl there were quite a bit of ads about electric cars showing the increasing interest in electric cars. Audi showed up with GOT's star Maisie Williams in its new electric car campaign. General Motors' /zigman2/quotes/205226835/lastsale GM -2.53% plus one was LeBron James for its electric Hummer. And to top it off after Ford Motor Company's /zigman2/quotes/208911460/lastsale F -3.98% electric Mustang Mach-E, Porsche debuted its very first all-electric vehicle. But interestingly, unlike others Tesla, known for not spending money on advertising so its products can generate the far more powerful word of mouth, had its own advertising around the Super Bowl for free. As it tuns out, the players are obsessed with Tesla's speed and automation, and the brand has become the new status symbol in the NFL. A definite win for EVs during this year's Super Bowl and what a delightful surprise and free gift for Tesla!

Tesla's stock soared
Already over the last eight months, Tesla's stock has rocketed, bringing Tesla just behind Toyota Motors /zigman2/quotes/200537742/lastsale TM -4.21% when it comes to market value. At this years high its stock went to a record-high of $968 per share, which brought it above the market cap of Volkswagen /zigman2/quotes/204431732/delayed VWAGY +0.66% and BMW /zigman2/quotes/200850296/delayed BMWYY +0.35% combined. By the looks of it, Tesla has headed into a potentially crucial year on a very positive note. But most importantly, these results suggest that Tesla has overcome the problems that plagued it in the first half of last year, when it lost more than $1 billion and scrambled to raise capital. What is certain is that although over the years, Tesla has given bulls reason to believe and bears reason to doubt the company, Musk has succeeded in making electric cars "cool".

More to come
With companies like Enphase Energy Inc /zigman2/quotes/207948472/lastsale ENPH +0.91% , Solaredge Technologies Inc /zigman2/quotes/207754270/lastsale SEDG +0.29% and Vivint Solar Inc /zigman2/quotes/202100570/lastsale VSLR -5.00% next to the Tech giants leading the way of innovation we can be pretty confident that the solar and electric systems of the have much more to show in the next decade.

This article is contributed by IAMNewswire.com. It was written by an independently verified journalist and is not a press release. It should not be construed as investment advice.

Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com
Contributors – IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: contributors@iamnewswire.com

The post Disruptive Solar and Electric Companies on the Move appeared first on .

COMTEX_361949481/2618/2020-02-13T09:53:18

/zigman2/quotes/202490156/lastsale
US : U.S.: Nasdaq
$ 1,161.95
+15.64 +1.36%
Volume: 3.26M
March 31, 2020 4:00p
P/E Ratio
23.63
Dividend Yield
N/A
Market Cap
$835.52 billion
Rev. per Employee
$1.39M
loading...
/zigman2/quotes/210331248/lastsale
US : U.S.: Nasdaq
$ 1,949.72
-14.23 -0.72%
Volume: 5.12M
March 31, 2020 4:00p
P/E Ratio
84.71
Dividend Yield
N/A
Market Cap
$977.67 billion
Rev. per Employee
$359,671
loading...
/zigman2/quotes/202934861/lastsale
US : U.S.: Nasdaq
$ 254.29
-0.52 -0.20%
Volume: 49.25M
March 31, 2020 4:00p
P/E Ratio
20.08
Dividend Yield
1.21%
Market Cap
$1114.92 billion
Rev. per Employee
$1.98M
loading...
/zigman2/quotes/203558040/lastsale
US : U.S.: Nasdaq
$ 524.00
+21.87 +4.36%
Volume: 17.77M
March 31, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$92.59 billion
Rev. per Employee
$439,627
loading...
/zigman2/quotes/200413469/delayed
US : U.S.: OTC
$ 0.09
+0.02 +30.36%
Volume: 545,307
March 31, 2020 3:58p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.84 million
Rev. per Employee
$518,752
loading...
/zigman2/quotes/205226835/lastsale
US : U.S.: NYSE
$ 20.78
-0.54 -2.53%
Volume: 20.31M
March 31, 2020 6:30p
P/E Ratio
4.54
Dividend Yield
7.31%
Market Cap
$30.47 billion
Rev. per Employee
$849,994
loading...
/zigman2/quotes/208911460/lastsale
US : U.S.: NYSE
$ 4.83
-0.20 -3.98%
Volume: 231.80M
March 31, 2020 6:30p
P/E Ratio
164.85
Dividend Yield
0.00%
Market Cap
$19.94 billion
Rev. per Employee
$805,719
loading...
/zigman2/quotes/200537742/lastsale
US : U.S.: NYSE
$ 119.95
-5.27 -4.21%
Volume: 356,625
March 31, 2020 6:30p
P/E Ratio
7.56
Dividend Yield
2.97%
Market Cap
$174.06 billion
Rev. per Employee
$737,463
loading...
/zigman2/quotes/204431732/delayed
US : U.S.: OTC
$ 13.10
+0.09 +0.66%
Volume: 259,936
March 31, 2020 3:59p
P/E Ratio
4.39
Dividend Yield
N/A
Market Cap
$38.63 billion
Rev. per Employee
$418,728
loading...
/zigman2/quotes/200850296/delayed
US : U.S.: OTC
$ 17.10
+0.06 +0.35%
Volume: 231,309
March 31, 2020 3:59p
P/E Ratio
6.22
Dividend Yield
5.43%
Market Cap
$31.08 billion
Rev. per Employee
$853,878
loading...
/zigman2/quotes/207948472/lastsale
US : U.S.: Nasdaq
$ 32.29
+0.29 +0.91%
Volume: 4.90M
March 31, 2020 4:00p
P/E Ratio
26.54
Dividend Yield
N/A
Market Cap
$3.96 billion
Rev. per Employee
$740,419
loading...
/zigman2/quotes/207754270/lastsale
US : U.S.: Nasdaq
$ 81.88
+0.24 +0.29%
Volume: 1.05M
March 31, 2020 4:00p
P/E Ratio
28.30
Dividend Yield
N/A
Market Cap
$4.02 billion
Rev. per Employee
$539,572
loading...
/zigman2/quotes/202100570/lastsale
US : U.S.: NYSE
$ 4.37
-0.23 -5.00%
Volume: 2.48M
March 31, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$571.13 million
Rev. per Employee
$114,210
loading...

This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.