5 Renewable Energy Stocks To Radar Now: VKIN, FTEK, OPTT, VVPR, TANH

Following were the most active stock buzzers on Monday. Keep an eye on these stocks this week.

This stock looks interesting at these levels too:

Viking Energy Group (OTCMKTS:VKIN) may be one of the best ways to play skyrocketing energy prices.   VKIN  has proven oil and gas assets valued at over $96 million located in North America in Kansas, Missouri, Texas, Louisiana, and Mississippi.  VKIN’s oil & gas holdings aren’t something the company speaks about regularly because it is focused on several ESG initiatives, which are covered below.   However, the fact is VKIN’s assets are increasing in value rapidly and the market has yet to factor that in, which is one reason to like the company.

Viking Energy (OTCMKTS:VKIN) is unique in that not only will its oil & gas assets rise in value; but its several diversified green energy subsidiaries will also benefit as rising oil prices push people toward green alternatives.  These include a Green biodiesel production facility and a carbon capture technology.  Other products in the company’s green portfolio include a medical waste treatment technology and a newly acquired Electric grid optimization technology that allows for retrofitting.  

Fuel Tech Inc. (Nasdaq:FTEK) stock was in bearish action in previous trading session as the stock ended lower by 1.50% to $1.32 with over 232K shares traded hands, compared to its average volume of 257k shares. Over the past 52-week, the stock has been moving in a range of $0.0100 – 0.5000.

Consolidated revenues for the fourth quarter ended December 31, 2021 rose to $6.5 million from $6.2 million in Q4 2020, reflecting higher revenues at APC driven by the timing of project execution and new APC orders, partially offset by lower revenues at FUEL CHEM due to lower revenue from non-chemical sales. Gross margin for Q4 2021 rose to 50.2% of revenues from 41.9% of revenues in Q4 2020, reflecting improved margins from the APC segment and product mix.

Ocean Power Technologies Inc. (NYSE:OPTT) stock continued to trend lower on Monday. On Monday, the stock ended lower by 9.72% to $1.30 with more than 923k shares traded hands, compared to its average volume of 864K shares. Ocean Power press release (NYSE:OPTT): Q3 GAAP EPS of -$0.10. Revenue of $0.48M (+50.0% Y/Y).

“Through the continued development of our Data-as-a-Service and Power-as-a-Service business models, in combination with our Consulting Services offerings, we are attracting a broader customer group and expanding our revenue opportunities. I am excited that Matt is joining OPT. His experience in selling marine technology services and solutions will further drive our growth. We are optimistic about the direction we are heading and the momentum we are starting to feel.”

VivoPower International PLC (Nasdaq:VVPR) stock was in action in previous trading session as the stock slid 11.17% to $1.67 with over 210k shares traded hands, compared to its average volume of 151K shares.

Recently, the company reported half year results for the six months ended December 31, 2021. Group revenue declined 11% to $18.9 million, Group gross profit down 85% year on year to $0.5 million as a result, with group gross profit margin down to 3% (from 16%).

Tantech Holdings Ltd (Nasdaq:TANH) stock continued to trend up on Monday. On Monday, the stock ended flat at $1.82 with more than 182k shares traded hands, compared to its average volume of 144K shares.

Recently, the company announced today that on March 1, 2022, it received notification from The Nasdaq Stock Market LLC (“NASDAQ”) confirming the Company has been granted an additional 180 calendar day period for compliance under its minimum bid price requirement through August 29, 2022.