ESG or impact investing, is a type of investing that seeks to generate social or environmental benefits in addition to a financial return.
Investing in environmental stocks can be a great way to make a positive contribution to the environment while also making a financial return. Environmental stocks are stocks of companies that are focused on sustainability, renewable energy, energy efficiency, and other green initiatives.
According to a report by PwC, asset managers across the globe held roughly $18.4 trillion in ESG-related assets under management in 2021. This figure is expected to grow to $33.9 trillion by 2026, at a compound annual growth rate of 12.9%. ESG-related assets under management are on track to account for roughly 21.5% of global assets under management by 2026.
A few stocks within this category to keep an eye on are:
Viking Energy Group Inc. (OTC: 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.
VKIN gives investors a unique chance to be a part of a two-way energy play: oil and gas and green energy. If you're looking for diversification in your portfolio, VKIN offers oil and gas assets, as well as green carbon capture technology from ESG Clean Energy LLC.
Viking Energy has oil and gas assets in the United States currently valued at around $96 million. These can be found in different places, including Kansas. This plan involves investing in both conventional and alternative forms of energy.
Viking Energy CEO James Doris says, “We are a clean energy company which uses an IP license from Clean Energy, LLC, to generate clean energy… We are excited about what we have here,” he says. “We have a strong engineering department, and we have an ESG license for carbon capture—that is our most valuable potential asset.”
VKIN hopes to spread its green, clean energy technology around the world through its 62.5% stake in the Canadian engineering and marketing company Simson-Maxwell, Ltd. VKIN does this via Simson Maxwell's endorsement by the National Health Service (NHS) Foundation in the U.K., which oversees hundreds of hospitals. Because of this, VKIN believes it can increase its sales power across the globe.
Another aspect of the VKIN portfolio is their waste treatment technology. Viking is the majority owner of Simson Maxwell, a producer of a medical waste treatment technology known as the VKIN-6000, which uses ozone to treat medical and biohazardous waste.
Recently, VKIN received a Notice of Allowance from the United States Patent & Trademark Office ("USPTO") for patent application No. 17/576,801 titled "Multi-Chamber Medical Waste Ozone-Based Treatment Systems and Methods". A Notice of Allowance means that the USPTO has made the determination that a patent will be granted from an application. This means their game-changing medical waste technology should receive a patent in the coming months.
When compared to current alternatives, Viking Ozone Technology's VKIN-6000 uses ozone instead of heat to treat waste and is an improvement in almost every way.
With energy and medical waste treatment sectors primed for growth in the upcoming year, put VKIN on your radar as a company to watch going into 2023.
Mullen Automotive (NASDAQ: MULN): a California-based electric vehicle developer and manufacturer that will build its vehicles in two facilities in the USA. The Mullen FIVE EV Crossover and other commercial Class 1-3 EVs are in development at Mullen, while the Bollinger Motors lineup includes a number of Class 4-6 EV trucks and B1 and B2 EV pickups.
In a December 15 press release, MULN said that the Randy Marion Automotive Group, one of the largest and most reputable commercial vehicle dealer groups in the US, had agreed to purchase 6,000 Class 1 EV Commercial Cargo Vans from the company.
Mullen’s commercial EV lineup includes Class 1-3 cargo van and cab chassis offerings and Bollinger Motors Class 4-6 chassis products. Mullen’s entire commercial vehicle lineup will be manufactured at the Advanced Manufacturing and Engineering Center (AMEC) located outside Tunica, Mississippi.
“The Randy Marion Automotive team is fully aligned with our Class 1 EV plan and is well positioned to help us capitalize on our first mover advantage in the commercial EV segments,” said David Michery, chairman and CEO of Mullen Automotive.
With their bright future ahead, savvy investors should put MULN on their radar.
SunHydrogen, Inc. (OTC: HYSR): SunHydrogen is developing technologies to make, store, and use green hydrogen in a market predicted by Goldman Sachs to be worth $12 trillion by 2050. Green hydrogen is an alternative, green fuel source. It is estimated that roughly 25% of global energy will come from green hydrogen alone by 2050.
Their patented SunHydrogen Panel technology, which is still being worked on, uses sunlight and any kind of water to make green hydrogen at a low cost. Just like solar panels that produce electricity, their SunHydrogen Panels will produce green hydrogen.
On Dec. 15, the company provided a Q4 update on their progress toward multiple planned 2022 milestones and released a new video showcasing the first-ever prototype of its nanoparticle-based green hydrogen technology.
"We are happy to end the quarter with testing and demonstration of this first-ever, production-quality prototype of our nanoparticle-based green hydrogen technology," said SunHydrogen's Chief Scientific Officer, Dr. Syed Mubeen. "With this initial model complete, we now intend to focus on larger-scale panels that house multiple arrays of hydrogen generators to maximize hydrogen efficiency and production rates."
HYSR had a strong finish to their year and accomplished the goals set out by the company in early 2022. While the hydrogen fuel market is still young, this company is in early on the ground floor. Keep a close eye on this stock as we head into the new year.
Nikola Corporation (NASDAQ: NKLA): NKLA was started in 2014 and is based in Phoenix, Arizona. It makes commercial and heavy-duty electric vehicles (EVs) that run on batteries or fuel cells. Since 2016, the company has released a number of concept vehicles, and in October 2022, it completed the acquisition of battery-pack manufacturer Romeo Power.
Additionally, NKLA and ChargePoint holdings, based in Campbell, California, partnered in November. The deal is aimed at expanding the EV charging infrastructure across the US. Based on these developments, Jeffrey Osborne at Cowen gave NKLA stock an ‘Outperform" rating with a target price of $10 in a note issued to investors on November 4.
However; On Dec 15 Nikola Corp. founder Trevor Milton asked a judge in New York to overturn his conviction on charges of defrauding investors in the electric vehicle company, stating that a juror who decided the case concealed her bias against the ultrawealthy.
Milton was found guilty in court of two counts of wire fraud and one count of securities fraud. On a second count of securities fraud, he was cleared. Thursday in court documents, Milton stated that one juror stated during jury selection that she does not use social media and obtains her news from YouTube.
However, a look at what Milton claimed were her social media accounts showed that she had posted about income inequality, implying that she read a variety of news sources.
Milton argued that if a judge does not order a new trial, he should at least convene a hearing to question the juror about whether or not she lied during the trial.
While it may have seemed like one of the hottest stocks going into 2023, it appears there are obvious risks ahead, time will tell.
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