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March 3, 2022, 7:00 a.m. EST

Green Tech Stocks are Back in Favor (CLSK, ECOX, FCEL, CLNE, PLUG, BE, BEP, ENPH)

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Eco Innovation Group /zigman2/quotes/209717851/composite ECOX 0.00% most recently that its green construction subsidiary, ECOX Spruce Construction, has been contracted to provide all services to renovate a retail location of a major U.S. merchandiser in Hyannis, Massachusetts.

ECOX is particularly interesting because it has a portfolio of new ideas with commercial application, but it also has a diversified model that balances long-duration high-impact technology with more immediate revenue-generating operations, such as its green construction segment, which is now starting to drive topline growth to help fund its more ambitious higher-margin projects, like its PoolCooled technology.

PoolCooled is a climate control solution that leverages proprietary technology to cool a home or building by taking cool water from an existing swimming pool and looping it through the existing air conditioning system to boost efficiency on a per-unit power consumption basis. It has enormous application potential, including the residential construction market as well as hotels, motels, and public facilities.

The company appears to be readying PoolCooled for market this year. In the meantime, its ECOX Spruce Construction segment continues to pick up contracts, with a major California military base already signed on and now a major Fortune 500 retailer project underway. ECOX reportedly began work for this client on February 21st, and management has said that it believes its green construction segment may be in a position to renovate additional retail locations for this merchandiser, which boasts over 1,000 stores in North America, according to the company's official communications.

Eco Innovation Group /zigman2/quotes/209717851/composite ECOX 0.00% has set a goal of achieving $6 million in revenues from just its ECOX Spruce Construction projects in 2022. Given this backdrop, at a current market cap of less than $1 million, the stock seems potentially very underpriced at current levels.

Plug Power Inc. /zigman2/quotes/205453512/composite PLUG -3.71% provides alternative energy technology, which focuses on the design, development, commercialization, and manufacture of hydrogen and fuel cell systems used primarily for the material handling and stationary power markets.

The company's fuel cell system solution is designed to replace lead-acid batteries in electric material handling vehicles and industrial trucks for some distribution and manufacturing businesses.

Plug Power Inc. /zigman2/quotes/205453512/composite PLUG -3.71% recently announced that it has signed a collaboration agreement with Atlas Copco Mafi-Trench Company LLC, the turboexpander technology center within the Gas and Process division of Atlas Copco, and Fives, a global leader in brazed heat exchangers and cryogenic cold boxes, to jointly develop hydrogen liquefaction plants (also known as hydrogen liquefiers). Liquifying hydrogen makes it easier to transport, leading to significant cost savings and broader distribution coverage.

"Plug Power manufactures the best electrolyzer solution in the world today," said Andy Marsh, CEO of Plug Power. "And, we have the complete delivery network in place. The liquefier system is key to offering hydrogen in liquid form, which is ideal because of its superior energy density versus gaseous hydrogen, lower transportation cost and potential for powering trains, ships and airplanes. Joule's capabilities complete this end-to-end green hydrogen solution for Plug Power, making us the only company in the world with such comprehensive offerings."

Recent action has seen 28% tacked on to share pricing for the name in the past week, but that move comes in the context of a larger bearish trend. Market participants may want to pay attention to this stock. PLUG has evidenced sudden upward volatility on many prior occasions. What's more, the listing has witnessed a pop in interest, as transaction volume levels have recently pushed 34% above the average volume levels in play in this stock over the longer term.

Plug Power Inc. /zigman2/quotes/205453512/composite PLUG -3.71% currently trades at a market cap of $14.6 billion with a significant war chest ($4.3B) of cash on the books, which stands against about $269.9M in total current liabilities. One should also note that debt has been growing over recent quarters. PLUG is pulling in trailing 12-month revenues of $423.8M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 34.5%.

Other key players in the environmental sustainability space include FuelCell Energy Inc. /zigman2/quotes/203763461/composite FCEL -4.70% , Clean Energy Fuels Corp. /zigman2/quotes/207288774/composite CLNE -5.43% , Bloom Energy Corp. /zigman2/quotes/209802424/composite BE -1.55% , Brookfield Renewable Partners L.P. /zigman2/quotes/203824572/composite BEP -0.37% , and Enphase Energy Inc. /zigman2/quotes/207948472/composite ENPH +1.07% .

Please make sure to read and completely understand our disclaimer at https://www.wallstreetpr.com/disclaimer . While reading this article one must assume that we may be compensated for posting this content on our website.

The post Green Tech Stocks are Back in Favor (CLSK, ECOX, FCEL, CLNE, PLUG, BE, BEP, ENPH) appeared first on Wall Street PR .

COMTEX_403430964/2770/2022-03-03T06:59:36

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/209717851/composite
US : U.S.: OTC
$ 0.0011
0.00 0.00%
Volume: 7.41M
Aug. 9, 2022 3:32p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$462,444
Rev. per Employee
N/A
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/zigman2/quotes/209717851/composite
US : U.S.: OTC
$ 0.0011
0.00 0.00%
Volume: 7.41M
Aug. 9, 2022 3:32p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$462,444
Rev. per Employee
N/A
loading...
/zigman2/quotes/205453512/composite
US : U.S.: Nasdaq
$ 24.67
-0.95 -3.71%
Volume: 23.90M
Aug. 9, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$14.81 billion
Rev. per Employee
$233,233
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/zigman2/quotes/205453512/composite
US : U.S.: Nasdaq
$ 24.67
-0.95 -3.71%
Volume: 23.90M
Aug. 9, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$14.81 billion
Rev. per Employee
$233,233
loading...
/zigman2/quotes/205453512/composite
US : U.S.: Nasdaq
$ 24.67
-0.95 -3.71%
Volume: 23.90M
Aug. 9, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$14.81 billion
Rev. per Employee
$233,233
loading...
/zigman2/quotes/203763461/composite
US : U.S.: Nasdaq
$ 4.26
-0.21 -4.70%
Volume: 10.94M
Aug. 9, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.73 billion
Rev. per Employee
$232,812
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/zigman2/quotes/207288774/composite
US : U.S.: Nasdaq
$ 7.66
-0.44 -5.43%
Volume: 3.80M
Aug. 9, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.80 billion
Rev. per Employee
$757,230
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/zigman2/quotes/209802424/composite
US : U.S.: NYSE
$ 24.76
-0.39 -1.55%
Volume: 2.63M
Aug. 9, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.48 billion
Rev. per Employee
$569,638
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/zigman2/quotes/203824572/composite
US : U.S.: NYSE
$ 40.18
-0.15 -0.37%
Volume: 234,407
Aug. 9, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
3.19%
Market Cap
$25.99 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207948472/composite
US : U.S.: Nasdaq
$ 290.82
+3.08 +1.07%
Volume: 3.43M
Aug. 9, 2022 4:00p
P/E Ratio
202.55
Dividend Yield
N/A
Market Cap
$38.98 billion
Rev. per Employee
$768,020
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