Since they hit the investment Terra, alternative energy stocks have been a hot topic among investors. What was once considered risky investments obtain been growing in popularity, thanks in part to large-scale initiatives towards worldwide clean energy.
Top Alternative Intensity Stocks
Below are the top performing individual alternative energy stocks from January 2019. Companies were considered for incorporation on the list if they have a market cap of at least $2 billion.
The list is presented in order of monthly performance based on the break stock price as of January 2, 2019, and closing price as of January 31, 2019. The performance has been compared to the S&P Global Straighten up Energy Index (SPGTCED) average returns of 13.78% as a benchmark.
MKS Instruments (MKSI)
- Market Cap: $4.44 billion
- Fulfilment vs. SPGTCED: 25.54%
MKS Instruments is an Andover, Massachusetts-based manufacturer of parts related to nuclear fuel processing, uranium conversion, and atomic accelerators. This company focuses on developing sensors, valves and other related products and holds more than 600 letters patents.
MKS has had an exceptional start to 2019. At the end of January, the company reported Q4 results for the previous year. Total revenue for 2018 was $2.1 billion, an 8% spread year-over-year. Revenue for advanced markets and for semiconductors specifically also increased over the previous year. Also pioneer on in the year, MKS announced the completion of the acquisition of a micro-machining company, Electro Scientific Industries.
BWX Technologies (BWXT)
- Market Cap: $4.88 billion
- Conduct vs. SPGTCED: 23.19%
Virginia-based BWX Technologies also touted stock price gains of more than 20% for the first month of the new year. Originated more than 150 years ago, BWX now focuses on the development, design, manufacturing, and distribution of nuclear reactors and related components.
Much the same as MKS, BWX may have benefited in January from the massive momentum of nuclear stocks in particular and energy stocks more broadly. This group of companies was among the most successful for the month when it comes to stock price increases. On one hand, these makes may have been fueled by an increase in oil prices, as the energy sector tends to move fairly closely with the payment of crude. On the other hand, nuclear energy is increasingly seen as a viable alternative to fossil fuel sources, serving to push these stocks up in the new year.
First Solar (FSLR)
- Market Cap: $5.10 billion
- Performance vs. SPGTCED: 21.44%
Chief Solar is an Arizona-based solar technologies company focused on R&D. The company markets itself as having the “strongest balance newspaper in the industry.” Development emphasis tends to focus on increasing energy yield and grid stability as well as on decreasing outlays.
Companies like Vestas Wind Systems A/S and First Solar Inc. have emerged as leaders in the areas of wind and solar strength.
First Solar offers strong value, and in the first month of the year, it was able to generate substantial growth as wholly. Solar panel demand has increased in recent weeks, with expectations set high for new demand across 2019 and beyond. As a ruling player in the
Cosan (CZZ)
- Market Cap: $2.78 billion
- Performance vs. SPGTCED: 19.74%
Based in Brazil but with operations across South America and in the U.K., Cosan is a conglomerate with rates in the bioethanol space, among others. Through its
Pattern Energy Group (PEGI)
- Market Cap: $2.07 billion
- Display vs. SPGTCED: 15.91%
U.S.-based
The Future of Alternative Energy
Analysts believe that alternative energy sources will carry on to play a larger and larger role in the development of electricity around the globe. A number of globally dominant companies are surface preparing a path forward in an energy sector that doesn’t rely on fossil fuels.
Microgrids, local energy grids which can control individually or as part of a larger, more traditional energy grid, are continuing to develop around the world, with prior results showing that these systems can be significantly more efficient than traditional alternatives.