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Investing in Environmental, Social, and Governance (ESG) stocks is becoming increasingly popular as more and more individuals and institutions recognize the importance of considering the impact of a company's operations on people, planet, and society. By investing in ESG stocks, you can align your investments with your values, while also potentially earning attractive returns.
Additionally, ESG investing has been growing rapidly in recent years, as more companies embrace sustainability and social responsibility, and as regulations become more stringent in these areas.
Major ESG stocks are well known for their commitment to sustainability and social responsibility, which has made them popular among socially conscious investors. Companies like Microsoft MSFT, and Apple AAPL, have been at the forefront of ESG initiatives, which has contributed to their overall success. However, the high prices of these well-known ESG stocks can be intimidating for many investors, making it difficult for them to get in on the action.
This is where smaller, cheaper ESG stocks can present a good opportunity. While these stocks may not have the same level of recognition as their larger counterparts, they may offer attractive valuations and the potential for substantial growth.
By investing in smaller ESG stocks, investors can potentially get in on the ground floor of a promising company and benefit from its growth over time.
Viking Energy Group Inc. VKIN is a small, yet promising player in the ESG space. The company has a strong focus on acquiring and developing clean energy solutions, making it a great option for those looking for a more socially responsible investment. Furthermore, the company's stock is currently trading at an attractive price, which presents a good opportunity for investors looking to get in on a growing ESG company.
Viking Energy Group VKIN is a growth-oriented, diversified energy company. Viking provides customized energy and power solutions to commercial and industrial clients in North America and holds interests in oil and natural gas assets in the United States through a number of subsidiaries in which it holds a majority stake.
The technologies covered by VKIN range from carbon capture to green biodiesel production. Viking Energy also has licensing rights to ESG Clean Energy LLC's technology for Canada and 25 other markets in the United States.
VKIN obtained a US Patent (No. 11,286,832) last year for the IP and other rights licensed by VKIN from ESG involving a Bottoming Cycle Power System related to its carbon capture technology. The patent describes a 'exhaust-gas-to-exhaust-gas-heat exchanger.'
Additionally, the company holds a controlling interest in companies that have the rights to a proprietary, fully developed, and market-ready Medical & Biohazard Waste Treatment System based on Ozone Technology as well as an Open Conductor Detection System for use in the power grid.
VKIN recently announced an update regarding its medical waste treatment technology. The United States Patent and Trademark Office has granted U.S. Utility Patent No. 11,565,289 to Viking Ozone Technology, LLC, the company's majority-owned subsidiary.
The patent is titled "Multi-Chamber Medical Waste Ozone-Based Treatment Systems and Methods." VKIN states that a related international application is in the works, and in the near future, a few nations will be chosen for national phase coverage. The company believes that the approval of this US patent application will result in the issuance of additional related patents in other countries.
This utility patent covers unique Viking Ozone techniques and equipment for using ozone to treat biohazardous waste. Viking plans to use this technology in waste treatment and disposal systems found in care institutions, hospitals, jails, laboratories, and military bases.
According to the World Health Organization, managing medical waste requires greater diligence and care in order to avoid negative health effects. As the demand for medical waste grows, it is critical to prioritize waste treatment and disposal options that are both secure and environmentally responsible.
VKIN is leading the market with their groundbreaking patent and should be at the top of any astute investor's wishlist for ESG stocks in 2023.
Another penny stock operating in the green energy space is Spi Energy Co. Ltd. SPI. SPI is a global renewable energy company and provider of solar storage and electric vehicle solutions that was founded in 2006 in California.
The company has three core divisions: SolarJuice which has solar wholesale distribution, as well as residential solar and roofing installation and solar module manufacturing, SPI Solar and Orange Power which operates a commercial & utility solar division, and the EdisonFuture/Phoenix Motor EV division.
SolarJuice is the leader in renewable energy system solutions for residential and small commercial markets and has extensive operations in the Asia Pacific and North America markets. The SPI Solar commercial & utility solar division provides a full spectrum of EPC services to third party project developers, and develops, owns and operates solar projects that sell electricity to the grid in multiple regions.
Phoenix Motor is a leader in medium-duty commercial electric vehicles, and is developing EV charger solutions, electric pickup trucks, electric forklifts, and other EV products.
SPI maintains global operations in North America, Australia, Asia and Europe and is also targeting strategic investment opportunities in fast growing green energy industries such as battery storage, charging stations, and other EVs which leverage the company's expertise and substantial solar cash flow.
Last week SPI announced its net profit outlook for 2023. "With near-term expectations for an EBITDA positive and net profitable Q1 2023, we are confident we will deliver between $29 million and $36 million net income for fiscal year 2023," said Xiaofeng Peng, Chairman and CEO of SPI Energy.
Solar Alliance Energy SAENF together with its subsidiaries, provides energy solutions. The company primarily focuses on development, engineering, procurement, and construction of commercial and industrial solar projects, and residential solar installations in Tennessee, Kentucky, Illinois, and North/South Carolina.
SAENF also offers electric vehicle charger installation services; and backup generator, home inspection, commercial generator, renewable radar, utility scale power, commercial electric vehicle charging, and data centers solutions.
Last week, the company announced they had signed a contract for the design, engineering, and construction of an 872-kilowatt (kW) commercial solar project for a manufacturing company in Tennessee.
The project, with a $1.8 million capital cost, is scheduled to begin construction in Q2 2023 with completion targeted by October 2023.
"This large project contributes to a strong start to 2023 for Solar Alliance as our backlog of contracted projects to be built this year is now approximately $3.8 million" said CEO Myke Clark. This project is a great example of the type of large revenue project Solar Alliance is now targeting and delivering.
SunHydrogen, Inc. HYSR engages in the development and marketing of solar-powered nanoparticle systems that mimics photosynthesis to separate hydrogen from water.
Last week, HYSR shared an image of the largest version to date of its nanoparticle-based green hydrogen technology. The prototype in the photo is currently the only self-contained nanoparticle-based hydrogen generation device of its kind that splits water molecules into high-purity green hydrogen and oxygen using the sun's energy.
SunHydrogen's nanoparticle technology directly uses the electrical charges created by sunlight to generate hydrogen when the sun is shining. However, this prototype was also designed to support 24-hour operation even when the sun is not shining by powering the catalyst and membrane integration assembly with renewable grid electricity from wind or hydropower sources.
The company's previous small-scale model from December 2022, was designed to fit a single nanoparticle-based hydrogen generator for testing in a controlled environment.
"This larger-scale panel moves us one step closer to producing commercial-scale hydrogen panels." said SunHydrogens Chief Scientific Officer Dr. Syed Mubeen
"Because we are growing our own nanoparticle semiconductor units using low-cost, abundant materials, we are not reliant on expensive solar cell materials and architecture. We believe that when our efficiency goals are met, this will prove to be one of if not the most economical green hydrogen solutions" Dr. Mubeen concluded.
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