Environmental Friendly & Green Stocks: ENPH, WY, BEP, ORA, LQWC
Green stocks are shares of companies whose primary business is beneficial to the environment. These environmentally friendly stocks are likely to be concentrated in alternative energy, pollution control, carbon abatement, and recycling.
Essentially, eco-friendly or green stocks mostly attract significant interest from investors who care about environmentally-friendly market leaders.
Enphase Energy Inc. (NASDAQ:ENPH) continues to trade in a narrow range and trading near a 52-week high. On Thursday, ENPH stock was down 0.15% to $254.48 with over 1.45 million shares traded hands, compared to its average volume of 2.17 million shares. Over the past 52-week, it has been moving in a range of $108.88 – 260.56. The stock is trading above 133% from its 52-week low and 2% away from its 52-week high.
Weyerhaeuser Company (NYSE:WY) stock continues to gain and moved up 15% so far this year. On Thursday, the WY stock was down 1.51% to $37.94 with over 2.87 million shares traded hands, compared to its average volume of 3.71 million shares. Over the past 52-week, it has been moving in a range of $28.25 – 41.68.
Brookfield Renewable Partners L.P. (NYSE:BEP) stock continues to move lower and moved up 13% so far this year. On Thursday, the stock was down 1.83% to $37.63 with over 237K shares traded hands, compared to its average volume of 288k shares. Over the past 52-week, the stock has been moving in a range of $34.55 – 49.87.
Ormat Technologies Inc. (NYSE:ORA) has been consolidating after the recent jump. On Thursday, the stock went down 0.63% to $78.64 with over 353k shares traded hands, compared to its average volume of 296K shares. Over the past 52-week, the stock has been moving in a range of $63.71 – 128.87.
LifeQuest World Corp (OTCMKTS:LQWC): On a more speculative note, investors who like green environmentally friendly stocks need to look at little known LQWC, who cleans water worldwide for governments, commercial businesses and consumers. It is a green company taking sludge, grease and fats out of dirty water. The result is clean, reusable water. The Company turns raw sewage, often dumped into rivers, oceans and lakes, into non-potable non drinking water for re-use. LifeQuest sees more expansion ahead. This WaaS Company forecasts more water treatment joint ventures and projects worldwide. CEO Khan says it now has five joint ventures in place — from India and South Africa to Ethiopia and the Philippines. According to the CEO, LQWC expects to be profitable in 2022.
