Green Energy Penny Stocks Get Bright Light From Biden Presidency

Last year was certainly a tumultuous one. However, it wasn’t that bad if you were buying some of the top alternative energy penny stocks. The pending Biden Presidency (at the time), in addition to global initiatives to curb carbon emissions, helped spur a massive rally in related stocks.

Biden has stated that his stance is firm on bringing the U.S. toward renewable energy-dependency. On his first day in office, Biden already brought the U.S. back into the Paris Climate Accord, alongside other environment-related initiatives. Because of this, many investors are turning to EV and green energy penny stocks. This isn’t just from Biden’s campaign trail messages. The new President plans to dedicate billions of dollars to create millions of renewable energy jobs in the future.

Specifically, Biden will invest $400 billion over ten years. That investment is two times the Apollo program’s investment, which put a man on the moon (in today’s dollars). He will also establish ARPA-C, which is a new research agency focused on accelerating climate technologies. Obviously, this is the current case in the market, and major funds are directing money to companies in this sector. But this is PennyStocks.com, and our readers were exposed to many of the now-leading alternative energy stocks today.

Green Energy Penny Stocks Surge

How much have green energy penny stocks surged in the last 12-14 months? Let’s take a look at just 5 of them and you can decide.

Plug Power Inc.

Speculation is a huge part of trading penny stocks. In many cases, lofty projections will be given by companies themselves. While skepticism is big when it comes to penny stocks, instances of “big news” sometimes raise more questions than answers. So it’s important to read between the lines, especially when something big is announced. This has been the case with Plug over the last few years that we’ve discussed the company. In fact, since 2019, we’ve followed the developments of the company closely.

However, things changed in a big way for the company. The result would end up being a massive run. Plug Power focuses on hydrogen and fuel cell technology. In a statement from the company, Plug targeted 2024 as a banner year for the company to reach $1 billion in revenue. That statement was made back in September of 2019. Some of the company’s largest customers are Amazon, Walmart, and Home Depot, to name a few. There’s plenty of milestones to point to over the last 24 months. But the bottom line is that PLUG stock has gone on an epic rally that saw it move from around $2.50 to highs this year of $73.90 so far.

[Read More] 3 Green Energy Penny Stocks To Buy On Under $4 In January 2021

Plug Power recently picked New York’s Rochester area for a gigafactory and a research and development operation. There will be over a gigawatt of electrical output, which the gigafactory will produce an estimated 7 million MEAs/plates, 60,000 stacks, and 500 megawatts of electrolyzers per year.

green energy penny stocks to buy Plug Power PLUG stock chart

Polar Power Inc.

Polar Power was just a little-known energy company back when we first followed the company. After the company reported earnings at the time, we saw POLA stock jump from under $2 to nearly $5 within a single day. A pullback would ensue like many parabolic moves tend to do. But once shares reached support around $1.50, POLA effectively filled the gap created in June and began climbing once again. This time, the uptrend was much more steady.

Polar Power Inc. is one of the alternative energy/ESG penny stocks to watch. It’s also one to take a look at if you’re searching for electric vehicle charging stocks. The company offers a rapid charging system. “Rapid Chargers are useful on test tracks for electric vehicle developers, intermodal freight yards, dealership car lots, and tow trucks. All these applications involve the rapid charging of cars away from the utility grid. Using Polar’s DC Generator as a rapid charger is the best product to accomplish this task,” the company has explained. 

Furthermore, a nice bump from vaccine optimism has helped fuel many energy stocks (no pun intended). Over the course of the last year, POLA stock has managed to move from as low as $0.95 to highs of over $21 so far this week. For those keeping score, that’s a 2,100%+ move since March.

green energy penny stocks to buy Polar Power Inc. POLA stock chart

Nio Inc.

This makes for a nice segue into the pure-play EV stocks that traders have become familiar with during the past year. For us, Nio Inc. is one of the electric vehicle stocks that has been on the radar for the last few years. In fact, when it first became a penny stock, we had put a strong focus on the fundamentals of the company. Nio ran into serious financial troubles, and it was uncertain of the future of the company. Needless to say, as many have found, NIO was, in fact, able to right the ship, and over the last few years, we’ve watched the stock climb from under $2 to now nearly $67 this year.

The last year, in particular, was a big one for the company. Shares managed to climb from lows of $2.11 to $66.99 in just 10 months. This 3,074% move comes as hype and progress have bolstered big momentum in the stock. In fact, just this week, the EV maker gained even more attention as Nomura Instinet analysts initiated coverage on the company. The firm issued a Buy rating as well as a price target of $80.30.

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The company just raised $1.5 billion in convertible notes this month. With the fresh capital, Nio plans to build on its cash position and capitalize on new milestones. The company revealed several new products this month at its Nio Day.

green energy penny stocks to buy Nio Inc. NIO stock chart

Don’t Forget About Solar Penny Stocks

While alternative energy and electric vehicle penny stocks have gained momentum, we can’t forget about solar penny stocks. They’ve been some of the top performers within the last few months. SunPower and ReneSola have been two of the popular names that we’ve followed since they were well below the $5 threshold.

The first time ReneSola popped up was late-2019, but things really began heating up this past September. The company just gained some analyst coverage with a Buy from H.C. Wainwright. The firm also put a $4 target on the stock. Hindsight is 2020, and even that target was conservative in light of what has happened. Over the last year, SOL shares have climbed from lows of $0.85 to over $32 this week.

green energy penny stocks to buy ReneSola Ltd SOL stock chart

Similarly, VivoPower International has also gotten caught up in the solar stock hype. While its move wasn’t the same 3,660%+ that SOL saw, VVPR stock managed a move from “just” $0.59 to highs of over $24.33 last year and is trading at over $14 this week. Again, VivoPower’s 2,200%+ move came as hype, and company milestones triggered massive momentum behind the stock. This is a huge difference from where VVPR was when we first covered the company (See: 5 Penny Stocks To Watch On Robinhood This Week If You Work A Full-Time Job).

green energy penny stocks to buy VivoPower International VVPR stock chart

Are Green Energy Penny Stocks On Your List?

Not all penny stocks in the green energy space are going to do what these few have. However, speculation has been a huge driver and momentum has favored these stocks recently. In light of this, these penny stocks are gaining in popularity. The thing you have to decide on is whether or not this volatility and fast-moving stocks fit your strategy.


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