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Highlights
- Investors are looking at clean energy stocks as the world is increasingly shifting from non-renewable to renewable energy sources.
- Australia intends to achieve a target of net-zero carbon emissions by 2050.
- The share prices of four ASX-listed renewable energy stocks, Origin Energy Ltd, Genesis Energy Limited, Mercury NZ Limited, and Infratil Limited, have been in the spotlight recently.
People across the globe are taking steps aimed at switching from non-renewable to renewable sources of energy. With environmental awareness and decarbonisation initiatives by major global economies, renewable energy sources, like solar, wind, and hydroelectric, now provide almost a quarter of the electricity used across the world.
Renewable energy also termed clean energy, comes from those sources which can be naturally replenished. In the current scenario, the relevance of clean energy has become even more important given the rise in the number of natural disasters, deterioration of air quality, melting glaciers and increasing global earth temperature
Large businesses have also recognised the importance of use of renewable energy sources and are seen making efforts to maintain ecological balance. We often come across mining and energy companies talking about their carbon emission targets in their yearly reports. When it comes to Australia, the country intends to achieve a target of net-zero carbon emissions by 2050.
Investors these days are seen following the "go green" trend and are including clean energy stocks in their portfolios while making investment decisions.
In this backdrop, let us look at the four ASX-listed green energy stocks that are in limelight these days. These four stocks include Origin Energy Ltd (ASX:ORG), Genesis Energy Limited (ASX:GNE), Mercury NZ Limited (ASX:MCY), and Infratil Limited (ASX:IFT).
Image Source: © Marianmocanu| Megapixl.com
Origin Energy Ltd (ASX:ORG)
Origin Energy shares are seen trading 0.084% higher at AU$5.925 per share on ASX at 12:21 PM AEST today. The company has a market capitalisation of AU$10.42 billion. In the last one year, the share price of Origin Energy Ltd has gained almost 23.95%, while the stock is up nearly 10.54% year-to-date (YTD).
Origin Energy had over 260,000 GreenPower and Green Gas customers in FY2021, an increase of 120% on the prior year. Last year, the energy company continued to decarbonise its business by reducing its Scope 1 and Scope 2 equity emissions by 8%, compared to FY2020.
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Genesis Energy Limited (ASX:GNE)
The shares of New Zealand–based energy company Genesis Energy Limited were trading 1.754% lower at AU$2.240 per share on ASX at 12:33 PM AEST today. The company has a market capitalisation of AU$2.39 billion. In the last one year, Genesis Energy shares have fallen nearly 30%, while the stock is down almost 19.71% on YTD.
Mercury NZ Limited (ASX:MCY)
The shares of Mercury NZ Limited traded 4.872% higher at AU$4.950 per share on ASX at 12:39 PM AEST today. The ASX-listed company has a market capitalisation of AU$6.52 billion. In the last one year, the share price of Mercury NZ Limited has fallen nearly 19.38%, while the stock is down almost 14.36% on YTD.
Infratil Limited (ASX:IFT)
Infratil Limited shares were seen trading 0.144% lower at AU$6.910 per share on ASX at 12:50 PM AEST today. Infratil Limited is a New Zealand-based ASX-listed company that also owns renewable energy assets. The company has a market capitalisation of AU$5.01 billion.
In the last one year, Infratil Limited's share price has fallen nearly 3.36%, while the stock is down almost 9.91% on YTD.
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