Bulletin
Investor Alert

New York Markets After Hours

Philip van Doorn

Deep Dive Archives | Email alerts

Oct. 23, 2021, 10:03 a.m. EDT

20 favorite alternative-energy stocks with expected upside of up to 102%

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    S&P 500 Index (SPX)
  • X
    Tesla Inc. (TSLA)
  • X
    iShares Global Clean Energy ETF (ICLN)

or Cancel Already have a watchlist? Log In

By Philip van Doorn

1 2

  • Invesco Solar ETF /zigman2/quotes/210041821/composite TAN +0.62%

  • First Trust Nasdaq Clean Edge Green Energy Index Fund /zigman2/quotes/205893823/composite QCLN +1.14%

  • ALPS Clean Energy ETF /zigman2/quotes/204291195/composite ACES +2.04%

  • First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index ETF /zigman2/quotes/201178568/composite GRID +0.12%

Click the tickers for more information about each ETF — they follow varied strategies. Click  here  for Tomi Kilgore’s detailed guide to the wealth of information available for free on MarketWatch’s quote page.

3. A shorter-term view

Another way to consider individual alternative-energy stocks is to think shorter-term and look at investment analysts’ ratings. The ratings are generally based on 12-month price targets. One year is a short period for serious long-term investors, but the 12-month price target is a long tradition for analysts that work for brokerage firms and for the financial media.

First, to see just how volatile the alternative-energy industries can be, take a look at this 2021 total-return chart for the Invesco Solar ETF:

And now the two-year chart:

There’s tremendous support for alternative-energy stocks, but also plenty of volatility.

Going back to the five alternative-energy ETFs, if we look at their portfolios and remove duplicates, we have a list of 203 stocks, with 144 covered by at least five analysts polled by FactSet. Among these, 52 are rated “buy” or the equivalent by at least 75% of analysts.

Here are the 20 screened alternative-energy stocks with the highest 12-month upside potential implied by consensus price targets. Share prices and target prices are in local currencies:

Company Share “buy” ratings Closing price – Oct. 19 Consensus price target Implied 12-month upside potential Country Held by
FTC Solar Inc. /zigman2/quotes/226387844/composite FTCI 88% 6.76 13.63 102% U.S. QCLN
Lion Electric Co. /zigman2/quotes/221559284/composite LEV 75% 11.39 20.19 77% Canada QCLN
Lightning eMotors Inc. /zigman2/quotes/218421281/composite ZEV 86% 8.02 13.57 69% U.S. ACES
Niu Technologies ADR Class A /zigman2/quotes/206773348/composite NIU 100% 25.28 42.65 69% China WCLN
Azure Power Global Ltd. /zigman2/quotes/200585653/composite AZRE 100% 23.35 36.75 57% India ICLN
Centrais Eletricas Brasileiras S.A.-Eletrobras ADR /zigman2/quotes/201045521/composite EBR 86% 7.06 10.97 55% Brazil ICLN
Albioma /zigman2/quotes/203845261/delayed FR:ABIO 100% 33.22 51.48 55% France ICLN
Renewable Energy Group Inc. /zigman2/quotes/207492840/composite REGI 86% 54.78 82.38 50% U.S. ICLN
Grenergy Renovables S.A. /zigman2/quotes/208210688/delayed ES:GRE 86% 31.00 46.40 50% Spain TAN
Nio Inc. ADR Class A /zigman2/quotes/204905836/composite NIO 90% 40.03 59.50 49% China QCLN
Nordex SE /zigman2/quotes/201472194/delayed XE:NDX1 80% 14.97 22.19 48% Germany ICLN
CS Wind Corp. /zigman2/quotes/202122112/delayed KR:112610 100% 71,700.00 104,333.34 46% South Korea ICLN
Sunrun Inc. /zigman2/quotes/205021014/composite RUN 86% 51.62 73.53 42% United States ICLN
MasTec Inc. /zigman2/quotes/207965492/composite MTZ 92% 86.87 123.58 42% U.S. GRID
Daqo New Energy Corp. ADR /zigman2/quotes/206327009/composite DQ 77% 71.90 97.54 36% China ICLN
Meyer Burger Technology AG /zigman2/quotes/209534923/delayed CH:MBTN 86% 0.46 0.62 35% Switzerland ICLN
Engie S.A. /zigman2/quotes/207568496/delayed FR:ENGI 94% 11.82 15.85 34% France GRID
Xinyi Energy Holdings Ltd. /zigman2/quotes/203873508/delayed HK:3868 100% 4.72 6.29 33% China ICLN
Doosan Fuel Cell Co. Ltd. /zigman2/quotes/214640156/delayed KR:336260 100% 51,400.00 68,014.50 32% South Korea ICLN
Sunnova Energy International Inc. /zigman2/quotes/213414922/composite NOVA 89% 40.41 52.72 30% U.S. ICLN
Source: FactSet

Don’t miss: Investor who almost doubled the return of her index says these three midcap stocks are ripe for the economic recovery

/zigman2/quotes/210041821/composite
US : U.S.: NYSE Arca
$ 60.51
+0.37 +0.62%
Volume: 1.43M
Jan. 28, 2022 4:00p
loading...
/zigman2/quotes/205893823/composite
US : U.S.: Nasdaq
$ 52.39
+0.59 +1.14%
Volume: 538,956
Jan. 28, 2022 4:00p
loading...
/zigman2/quotes/204291195/composite
US : U.S.: NYSE Arca
$ 49.59
+0.99 +2.04%
Volume: 53,886
Jan. 28, 2022 4:10p
loading...
/zigman2/quotes/201178568/composite
US : U.S.: Nasdaq
$ 89.65
+0.11 +0.12%
Volume: 62,329
Jan. 28, 2022 3:59p
loading...
/zigman2/quotes/226387844/composite
US : U.S.: Nasdaq
$ 3.74
+0.11 +3.03%
Volume: 1.10M
Jan. 28, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$308.49 million
Rev. per Employee
$1.05M
loading...
/zigman2/quotes/221559284/composite
US : U.S.: NYSE
$ 7.97
+0.34 +4.46%
Volume: 1.03M
Jan. 28, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.45 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/218421281/composite
US : U.S.: NYSE
$ 4.16
0.00 0.00%
Volume: 678,616
Jan. 28, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$311.82 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/206773348/composite
US : U.S.: Nasdaq
$ 12.73
+0.38 +3.08%
Volume: 520,679
Jan. 28, 2022 4:00p
P/E Ratio
28.10
Dividend Yield
N/A
Market Cap
$942.00 million
Rev. per Employee
$837,503
loading...
/zigman2/quotes/200585653/composite
US : U.S.: NYSE
$ 13.25
-0.36 -2.65%
Volume: 265,835
Jan. 28, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$873.24 million
Rev. per Employee
$479,205
loading...
/zigman2/quotes/201045521/composite
US : U.S.: NYSE
$ 6.54
+0.13 +2.03%
Volume: 1.62M
Jan. 28, 2022 4:00p
P/E Ratio
8.63
Dividend Yield
10.64%
Market Cap
$10.08 billion
Rev. per Employee
$444,849
loading...
/zigman2/quotes/203845261/delayed
FR : France: Euronext Paris
33.10
-0.62 -1.84%
Volume: 57,309
Jan. 28, 2022 5:37p
P/E Ratio
19.75
Dividend Yield
2.42%
Market Cap
€1.07 billion
Rev. per Employee
€864,200
loading...
/zigman2/quotes/207492840/composite
US : U.S.: Nasdaq
$ 39.37
+0.47 +1.21%
Volume: 617,263
Jan. 28, 2022 4:00p
P/E Ratio
10.37
Dividend Yield
N/A
Market Cap
$1.96 billion
Rev. per Employee
$3.24M
loading...
/zigman2/quotes/208210688/delayed
ES : Spain: Madrid
25.10
+0.15 +0.60%
Volume: 33,872
Jan. 28, 2022 5:38p
P/E Ratio
35.92
Dividend Yield
N/A
Market Cap
€684.59 million
Rev. per Employee
€389,734
loading...
/zigman2/quotes/204905836/composite
US : U.S.: NYSE
$ 20.90
-0.21 -0.99%
Volume: 96.48M
Jan. 28, 2022 4:04p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$34.59 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201472194/delayed
XE : Germany: Xetra
13.39
-0.09 -0.67%
Volume: 1.27M
Jan. 28, 2022 6:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
€2.16 billion
Rev. per Employee
€637,923
loading...
/zigman2/quotes/202122112/delayed
KR : S. Korea: KRX
47,400.00
+1,400 +3.04%
Volume: 342,380
Jan. 28, 2022 3:30p
P/E Ratio
40.08
Dividend Yield
1.27%
Market Cap
₩1939.88 billion
Rev. per Employee
₩11.88B
loading...
/zigman2/quotes/205021014/composite
US : U.S.: Nasdaq
$ 23.42
+0.15 +0.64%
Volume: 10.00M
Jan. 28, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.82 billion
Rev. per Employee
$175,898
loading...
/zigman2/quotes/207965492/composite
US : U.S.: NYSE
$ 85.13
+1.49 +1.78%
Volume: 417,876
Jan. 28, 2022 4:00p
P/E Ratio
17.20
Dividend Yield
N/A
Market Cap
$6.39 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206327009/composite
US : U.S.: NYSE
$ 35.87
-0.20 -0.55%
Volume: 1.23M
Jan. 28, 2022 4:00p
P/E Ratio
4.04
Dividend Yield
N/A
Market Cap
$2.63 billion
Rev. per Employee
$807,474
loading...
/zigman2/quotes/209534923/delayed
CH : Switzerland: SWX
CHF 0.33
-0.0056 -1.68%
Volume: 12.90M
Jan. 28, 2022 5:31p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
CHF882.70 million
Rev. per Employee
CHF94,577
loading...
/zigman2/quotes/207568496/delayed
FR : France: Euronext Paris
13.56
-0.11 -0.83%
Volume: 7.15M
Jan. 28, 2022 5:39p
P/E Ratio
41.85
Dividend Yield
3.91%
Market Cap
€33.04 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203873508/delayed
HK : Hong Kong
$ 3.86
-0.14 -3.50%
Volume: 3.38M
Jan. 28, 2022 4:08p
P/E Ratio
24.60
Dividend Yield
4.12%
Market Cap
$28.44 billion
Rev. per Employee
$8.85M
loading...
/zigman2/quotes/214640156/delayed
KR : S. Korea: KRX
34,400.00
+700.00 +2.08%
Volume: 1.24M
Jan. 28, 2022 3:30p
P/E Ratio
729.54
Dividend Yield
N/A
Market Cap
₩2356.00 billion
Rev. per Employee
₩999.76M
loading...
/zigman2/quotes/213414922/composite
US : U.S.: NYSE
$ 18.19
+0.45 +2.54%
Volume: 6.04M
Jan. 28, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.99 billion
Rev. per Employee
$545,069
loading...

1 2
This Story has 0 Comments
Be the first to comment
More News In
Investing

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.