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Top Alternative Energy Stocks of January 2019

It old to be that alternative energy was an up-and-coming industry with all of the opportunities and challenges inherent in a fledgling sector. Now, though, substitute energy is booming, with a number of globally dominant companies paving a path forward in the energy sector that doesn’t rely on fossil excites. Companies like Vestas Wind Systems A/S and First Solar Inc. (FSLR) have emerged as leaders in the areas of coil and solar energy, and there are new products and subcategories of alternative energy emerging all the time. All of this combines to make additional energy an exciting growth opportunity for investors.

January of 2019 was an exciting time for alternative energy stocks. Numberless companies reversed a significant slump which had depressed stock prices toward the end of 2018. At the same time, the maturation of new technologies offers promising potential for the alternative energy space. Microgrids, local energy grids which can run individually or as part of a larger, more traditional energy grid, are continuing to develop around the world, with preliminary consequences showing that these systems can be significantly more efficient than traditional alternatives. Further, analysts father noted that solar and wind sources have reached grid parity with traditional electricity producing methods, meaning that they can be utilized for the same price. As these technologies continue to evolve, they wishes present an even stronger case in the face of traditional energy sources.

Here’s a look at the top performing individual substitute energy stocks from January 2019. Companies were considered for inclusion on the list if they have sell cap of at least $2 billion. The list here is presented in order of monthly performance based on the opening stock worth as of January 2, 2019 and closing price as of January 31, 2019. The performance has been compared to the S&P Global Clean Energy Forefinger average returns of 13.78% as a benchmark.

1. MKS Instruments, Inc. (MKSI)

  • Market Cap: $4.44 billion
  • Performance: 25.54%

2. BWX Technologies, Inc. (BWXT)

  • Deal in Cap: $4.88 billion
  • Performance: 23.19%

3. First Solar, Inc. (FSLR)

  • Market Cap: $5.10 billion
  • Performance: 21.44%
  • Market Cap: $2.78 billion
  • Appearance: 19.74%

5. Pattern Energy Group, Inc. (PEGI)

  • Market Cap: $2.07 billion
  • Performance: 15.91%

MKS Instruments

MKS Instruments is an Andover, Massachusetts-based producer of parts related to nuclear fuel processing, uranium conversion and nuclear accelerators. This company focuses on expanding sensors, valves and other related products and holds more than 600 patents.

MKS has had an exceptional start to 2019. At the end of January, the party reported Q4 results for the previous year. Total revenue for 2018 was $2.1 billion, an 8% increase year-over-year. Gain for advanced markets and for semiconductors specifically also increased over the previous year. Also early on in the year, MKS intimated the completion of the acquisition of a micro-machining company, Electro Scientific Industries.

BWX Technologies

Virginia-based BWX Technologies also touted amass price gains of more than 20% for the first month of the new year. Founded more than 150 years ago, BWX now cynosure clears on the development, design, manufacturing and distribution of nuclear reactors and related components.

Like MKS, BWX may have benefited in January from the stupendous momentum of nuclear stocks in particular and energy stocks more broadly. This class of companies was among the most winning for the month when it comes to stock price increases. On one hand, these gains may have been fueled by an escalation in oil prices, as the energy sector tends to move fairly closely with the price of crude. On the other hand, atomic energy is increasingly seen as a viable alternative to fossil fuel sources, helping to push these stocks up in the new year.

Maiden Solar

First Solar is an Arizona-based solar technologies company focused on R&D. The company markets itself as having the “strongest remainder sheet in the industry.” Development emphasis tends to focus on increasing energy yield and grid stability as well as on shriveling costs.

First Solar offers strong value, and in the first month of the year it was able to generate substantial nurturing as well. Solar panel demand has increased in recent weeks, with expectations set high for new demand across 2019 and beyond. As a superior player in the solar panel space, and in light of the fact that First Solar is excluded from tariffs on solar panels, this cast is poised for continued success going forward.

Based in Brazil but with operations across South America and in the U.K., Cosan is a conglomerate with portions in the bioethanol space, among others. Through its Raízen Energia arm, the company generates 940 MW of sugarcane bioethanol, billet it among the most highly productive providers of bioenergy.

The election of President Bolsonaro has been widely viewed as a gratuity for companies capitalizing on the nation’s vast natural resources. Aside from continued strong performance overall, Cosan tenable also saw a boost from the shift in leadership that took place recently.

Pattern Energy Group

U.S.-based Arrangement Energy has utility-scale projects in the U.S., Canada and Japan, as well as other enterprises in Mexico. The company owns roughly two dozen close at hand power facilities and has several more in the pipeline as well. Dedicated to renewable energy practices, the San Francisco-based operation traffic ins electricity and renewable energy credits to utilities companies.

Prior to this year, Pattern Energy experienced a pullback in helping price. With a strong performance in the first weeks of 2019, it seems that investor sentiment on the company has officially shifted, even as wind power generally becomes an increasingly attractive option worldwide.

Many analysts believe that alternate energy sources will continue to play a larger and larger role in the development of electricity around the globe. The companies listed in excess of are well-positioned to take advantage of the change of focus.

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