Top Renewable Energy Stocks to Keep an Eye On – SIRC, ABML, SAENF, AACTF

The transition from fossil fuels to renewable energy sources is presenting tremendous investment opportunities. Amid the push to slow global warming by reducing carbon emissions, demand for alternative energy sources has skyrocketed. The transition to wind, solar, and hydroelectric power is already gathering pace as the decarbonization of the global economy is expected to present a $150 trillion investment opportunity over the next three decades.

Governments are increasingly accelerating global decarbonization by proposing and passing legislation to bolster the renewable energy sector. The US has already passed a $1.2 trillion infrastructure that includes spending on clean energy investments.

While the focus has always been on the big companies likely to benefit from the increased spending and legislation on clean energy, little-known gems offer tremendous investment opportunities. The likes of SIRC ABML, AACTF, and SAENF not only provide solid exposure into the burgeoning sector but have a big room for growth as most are trading for pennies.

Solar Integrated Roofing Merging with Tribeca to Unlock More Value

Solar Integrated Roofing Corp. (OTC: SIRC) has carved a niche as an integrated single-source solution, tapping opportunities in the solar power and EV charging sectors. It specializes in offering solar power solutions to residential and commercial properties across North America.

SIRC remains focused on unlocking the potential of its commercial and industrial pipeline. It also boasts robust EV and small commercial divisions, affirming its prospects in the ever-growing clean energy segment. Its residential solar and roofing business continues to grow at an impressive rate amid expansion into new markets and strong demand for clean energy.

Solar Integrated Roofing is also working on the Claw Farms project, having completed the design and engineering phase of the project for an 8Mw solar array. It’s also working on the Lordsburg green hydrogen project, part of its robust clean energy portfolio.

The penny stock has been making waves amid increased focus on clean energy on inking a binding letter of commitment with Tribeca Energy. Under the terms of the agreement, SIRC is to sell certain shares in exchange for investment by Tribeca.

In addition, Tribeca shall pursue the stock listing on either the NYSE or Nasdaq by October. The merger of the two is expected to result in a premier all-inclusive alternative energy solution in the market. While listing on major exchanges is expected to boost the stocks’ liquidity and airplay among institutional investors, it should also set the company on its course to achieving goals and benefit shareholders.

Tribeca is an integrated holding company merging groups of outstanding companies in the renewable energy sector with the intention of going public in the fourth quarter. Solar Integrated Roofing fits its long-term plans, given its extensive solar proposition outreach.

Ahead of the proposed merger, SIRC management remains focused on generating revenue growth across all the verticals to strengthen the bottom line and generate shareholder value. Part of the plans entails enhancing residential roofing and solar sales segments while reinvigorating and scaling residential sales teams in key markets across the US.

Solar Integrated Roofing also focuses on improving its balance sheet by reducing short-term debt. The plans involve retiring high-interest debt through a court-approved sale process and restructuring certain debts. The restructuring drive should free up additional capital to accelerate various projects needed to unlock more value.

American Battery Taps into Lithium-ion Demand and EV Revolution

American Battery Technology Company (OTC: ABML) is another penny stock for investors eyeing exposure in the battery materials segment that is growing at an impressive rate amid demand from the auto and consumer electronics market. It explores resources for battery metals and develops and commercializes technologies for extracting battery metals.

Given that the US does not hold any large deposits of lithium resources, American Battery Technology is one of the few companies poised to generate lithium contained in unconventional deposits such as sedimentary claystone resources. In partnership with DuPont and the University of Nevada, ABTC has developed a first-of-a-kind process to help access lithium in unconventional resources.

ABTC has achieved significant milestones in designing, constructing, and operating a lithium hydroxide from the Nevada sedimentary claystone system. While on course to commercializing lithium hydroxide refining operations, it is also eligible for a $4.5 million grant from the US Department of Energy.

With infinite demand for lithium-ion from automakers, ABTC is staring at tremendous opportunities with its lithium hydroxide technology. It has already started to scale up its commercial operations to meet the growing demand from strategic partners.

Solar Alliance Energy Growing Backlog and Revenues

Solar Alliance Energy Inc. (OTC: SAENF) is an integrated solar energy solutions provider that eyes opportunities in the commercial and utility sectors. It is focused on developing, engineering, procuring, and constructing commercial and industrial projects. It continues to execute and deliver on a diverse and growing portfolio of solar projects.

SAENF’s primary goal is to provide low-cost renewable solar power to businesses to reduce their operating costs while conserving the environment. Consequently, it’s been targeting large revenue solar projects with big profit margins.

For instance, it is fresh from signing a contract for the design engineering don construction of a commercial solar project in Tennessee. The capital cost for the project is $1.47 million. The new project adds to an ever-growing backlog totaling over $4.6 million.

A transition to a larger commercial and utility project is already bearing fruits, with Solar Alliance delivering impressive first-quarter results.

Revenues in the quarter were up 47% year over year to $974,577, as it registered a significant increase in the number and size of projects under construction. While the increase occurred during the slowest quarters of solar installations, it sets the stage for a strong 2023.

Aurora Solar Technologies Eyes Robust Growth After BTI Imaging Merger

Aurora Solar Technologies Inc (OTC: AACTF) is in transition following the acquisition of BT Imaging Pty. The primary goal is integrating BTI to enhance efficiencies and focus on combined company growth. Part of the efforts includes closing Aurora Chines Office and optimizing synergies among sales and technical teams.

The focus is on positioning the combined entity to leverage the core competencies of Photoluminescence imaging products. It will also focus on machine learning and smart factory solutions in pursuit of growth opportunities.

In the recent past, Aurora Solar Technologies has conducted a detailed market survey focusing on top-tier suppliers and customers for solar cell and module manufacturing. The purpose is to accelerate short-term growth through well-defined products and market targeting.

Aurora Solar Technologies has also entered into confidentiality agreements as it eyes a larger percentage of the factory floor of its customer base. It is also focused on addressing the strong demand for products for offline production and applications.