Best Green Tech Penny Stocks in Late 2020
I’m really bullish on green technology stocks doing well, given a Biden victory in the elections and I think green technology as a sector will reflect that. While long term I’m a believer in companies like $GEVO, in the penny stock realm there’s better ROI in companies under $1 dollar.
As the stock market begins its crash today on October 26th, 2020, there’s still some sectors that will do well in this weird political, health crisis and environmental situation. The one I’m watching in late October 2020 is called $AESO.
Atlantic Energy Solutions, Inc. was founded in 1992 and is headquartered in Saratoga Springs, New York. The company operates as an energy services company and has 12 employees. It develops and finances energy efficiency projects for buildings in the United States.
It offers green technologies and services to public and private sector entities. The company installs renewable resources, such as wind turbines, photovoltaic and ground source geothermals. It serves commercial properties, municipalities, schools, campus structures and nursing homes in New York, New Jersey, Connecticut, Massachusetts and Florida. The company offers its services through a system of contracted services and independent sales people.
Given the renaissance of wind and solar power in the early 2020s I believe it is an interesting bet that the political climate can rally this stock.
What’s more is that the stock is still very well priced at $0.0045 at the time of this writing. I’m not a stock analyst but betting on green technology just feels right, given the current climate. With wild fires in new places like Oregon and Colorado, the environment behind the pandemic and the economy really has become a mainstream issue.
The baseline of the chart is closer to a price of $0.0006. This means the stock has already been flagged for a potential breakthrough by penny stock investors. And if there is a green tech renaissance, it is something that could be rather lucrative.
Their business model also intersects with the municipal urban planning level. Atlantic Energy assesses the energy demands and usages of municipal, corporate and industrial complexes to improve conservation and apply measures to boost savings at the consumer level.
The company states that they provide energy reduction, carbon reduction, energy tax credits (RECs), building greening and renewable and sustainable energy solutions.
Even just a $100 investment would buy you 22,222 shares at the current price of the stock. That’s a modest investment in green technology, but potentially one of the best investments you could make on the current stock market.
The problem is the considerable risk as even for an OTC stock, it’s listed as dark or defunct. This means this is even a riskier stock than usual for a pink slip stock.
Given the way Robinhood investors and a younger generation who have inherited money will invest, green tech is one of the best places to place your bets in 2020.