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- The benchmark index ASX200 closed 0.23% lower at 6,508.50 points today.
- Six of 11 sectors traded lower today, while the Utilities and energy sectors were the best performers.
- The shares of four ASX-listed renewable energy stocks, Origin Energy Ltd, Genesis Energy Limited, Infratil Limited, and Meridian Energy Limited, have been on the investors’ radar lately.
Renewable energy sources are increasingly replacing traditional sources of energy obtained from fossil fuels like diesel, coal, and crude oil. Renewable or clean energy has acquired more significance as the world is gradually aiming to achieve zero carbon emission targets to mitigate climate change. Solar, wind, and geothermal are a few sources of renewable energy. When it comes to investment, investing in Environment, social, and (corporate) governance (ESG) has become a new trend in finance these days. Investors are considering companies adopting environmentally-sustainable business practices while adding energy stocks to their portfolios.
In this context, let us look at four ASX-listed renewable energy companies that have been on investors’ watchlists recently. These four ASX-listed stocks include Origin Energy Ltd (ASX:ORG), Genesis Energy Limited (ASX:GNE), Infratil Limited (ASX:IFT), and Meridian Energy Limited (ASX:MEZ).
Origin Energy Ltd (ASX:ORG)
The shares of Origin Energy Ltd traded 0.352% lower at AU$5.650 per share on ASX at 4:00 PM AEST today. The company has a market capitalisation of AU$9.98 billion.
In the last one year, Origin Energy shares have gained nearly 20.21%, while the stock is up almost 5.41% year-to-date (YTD). Earlier this month, the energy company provided an update on operating conditions and earnings guidance. The company stated that extreme volatility exists across the commodity market, with subsequent unprecedented increases in global energy prices, including coal, gas and oil. Origin Energy maintained that domestically, coal plant outages and high coal and gas prices have contributed to a steep escalation in wholesale electricity prices.
For FY22, Origin anticipates consolidated group Underlying EBITDA to be nearly the mid-point of the original guidance range of $1,950 - $2,250 million.
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Genesis Energy Limited (ASX:GNE):
The shares of Genesis Energy Limited were spotted trading 3.043% lower at AU$2.230 per share on ASX at 3:51 PM AEST today. Genesis Energy shares have fallen 29.43% in the last one year, while the stock is down nearly 20.07% on YTD. The ASX-listed New Zealand-based electricity generation company has a market capitalisation of AU$2.41 billion.
Infratil Limited (ASX:IFT)
Infratil Limited shares traded 1.294% lower at AU$6.860 per share on ASX at 3:00 PM AEST today. The ASX-listed infrastructure investment company, which also invests in renewable energy, has a market capitalisation of AU$5.03 billion. In the past 12 months, the share price of Infratil Limited has fallen nearly 4.06%, while the stock is down almost 10.56% YTD.
Meridian Energy Limited (ASX:MEZ)
Meridian Energy Limited shares traded 0.249% lower at AU$3.990 per share on ASX at 4:00 PM AEST today. In the last one year, the share price of Meridian Energy Limited has fallen nearly 17.05%, while the stock is down up to 13.26% on YTD. The company commands a market capitalisation of AU$10.31 billion. The power company claims to generate electricity from 100% renewable sources.
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