3 lesser-known green energy stocks to check out in Q3

July 27, 2022 09:14 PM AEST | By Abhishek Sharma

3 lesser-known green energy stocks to check out in Q3 — Image source: © Andreus | Megapixl.com

Highlights:

A huge number of people in the UK are ready to leave their town or workplace if they don't switch to greener technologies.

According to a survey, people want more investment in public transport to reduce the locality's carbon footprint.

As governments and companies push for green technologies, the effects of their campaigns are now showing positive results. A recent survey conducted in the UK has revealed that a significant number of people are ready to leave their jobs or move out if their workplace or town does not switch to greener technologies.

The huge survey, conducted on about 20,000 adults in the UK by YouGov, found that over one in six people (16%) would be ready to leave their town if it doesn't become greener in the next five years. They participants also wanted the leaders to offer support for switching to greener form of energy. Figures from the survey indicate that a considerable chunk of the population is in support of green measures to reduce their locality's carbon footprint.

Among the ways to reduce emissions, the top priority of the respondents was more investment in public transport in their area. This was followed by commercial premises, transport hubs, and hospitals.

About 44% of the respondents wanted to reside in the country's greenest city, while over three in ten (31%) said they wanted to work for the UK's greenest company. Nearly half of the respondents (46%) said they don't think their local area is making enough efforts to decrease carbon emissions and become greener.

On the other hand, this also makes it attractive for investors to consider stocks that are engaged in renewable or green energy. Let us take explore some of them.

Greencoat UK Wind Plc (LON:UKW)

Greencoat UK Wind Plc operates wind farms across Great Britain. The investment trust holds a market cap of £3,522.38 million. The stock has given decent returns of 14.81% over the past 12 months and 8.12% on YTD basis. Shares of Greencoat UK Wind stood at GBX 152.00 at 12:10 pm GMT+1 on 27 July.

The Renewables Infrastructure Group (LON: TRIG)

The British investment trust is dedicated to investments in assets that generate renewable energy. It is a constituent of the midcap-focused FTSE 250 index and holds a market cap of £3,339.43 million at present. TRIG has given its investors positive returns of 4.43% over the past one year. Shares of the company were at GBX 134.40, down 0.15% at 11:20 am GMT+1 on 27 July.

Clean Power Hydrogen Plc (LON:CPH2)

The company focuses on green hydrogen technologies. Green hydrogen can be dubbed as a form of hydrogen that is produced by splitting water using renewable energy. The FTSE Aim All-Share listed company holds a market cap of £143.33 million. The stock was trading 3.70% lower at GBX 52.00 at 11:27 am GMT+1 on 27 July.

Note: The above content constitutes a very preliminary observation or view based on market trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.

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