Highlights
- Climate change is among the most pressing challenges that the world is facing today.
- Ambitious net zero targets have been set by the UK to fight climate change.
- LSE launched a green economy mark in 2019 to promote green activities.
Climate change is one the most pressing challenges that most countries are facing today. The entire world is talking about climate change amid the COP26 UN Climate Change Conference being hosted by the UK in Glasgow. The UK has taken a lead in tackling the climate challenge by setting an ambitious target of achieving Net Zero carbon emissions by 2050.
In 2019, the green economy mark was launched by the London Stock Exchange, which labels the companies having more than half of their total annual revenues being generated from green activities. Eco-conscious investors considering penny stock investments can explore the green energy sector with its growing growth potential.
RELATED READ: Penny stocks: 7 AIM listed green energy options to look at
Let’s take a look at 7 green penny stocks that you can invest in.
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EQTEC PLC (LON: EQT)
Operating in the UK and Ireland, EQTEC PLC is a bioscience energy company. The market cap of the AIM-listed company stands at £102.76 million. It has given a return of 193.48% in 1 year and has a green economy mark on the LSE. EQTEC PLC’s shares were trading at GBX 1.40 at 1:41 PM on 1 November 2021 (GMT).
Powerhouse Energy Group PLC (LON: PHE)
Powerhouse Energy Group PLC is a UK-based company which converts plastics and waste into clean energy. The market cap of the AIM-listed company stands at £168.29 million. It has given a return of 68.78% in 1 year. Powerhouse Energy Group PLC’s shares were trading at GBX 4.15 at 1:47 PM on 1 November 2021 (GMT).
SIMEC Atlantis Energy Limited (LON: SAE)
SIMEC Atlantis Energy is a UK-based renewable energy company which focuses on sustainable energy projects. The market cap of the AIM-listed company stands at £10.62 million. It has given a negative return of 91.32% in 1 year and has a green economy mark on the LSE. SIMEC Atlantis Energy’s shares were trading at GBX 1.68 at 1:52 PM on 1 November 2021 (GMT).
Inspired Energy PLC (LON: INSE)
Inspired PLC is an energy procurement and management company which offers consultancy services for energy cost optimisation. With a green economy mark, the AIM-listed company has a current market cap of £158.42 million. It has given a return of 27.92% in 1 year. Inspired PLC’s shares were trading at GBX 16.25 at 1:58 PM on 1 November 2021 (GMT).
RELATED READ: 5 stocks you can buy amid UK green finance overhaul
Verditek PLC (LON:VDTK)
Verditek plc is a London-headquartered multinational green energy technology company which provides energy solutions for solar power. With a green economy mark, the AIM-listed company has a current market cap of £13.31 million. It has given a negative return of 48.91% in 1 year. Verditek PLC’s shares were trading at GBX 3.90 at 2:04 PM on 1 November 2021 (GMT).
Velocys PLC (LON:VLS)
Velocys PLC is a UK-based fuels technology company which aims to mitigate the environmental footprint heavy goods transport and aviation sector by creating sustainable fuels. The market cap of the AIM-listed company stands at £71.78 million. It has given a return of 42.10% in 1 year and has a green economy mark on the LSE. Velocys PLC’s shares were trading at GBX 6.70 at 2:12 PM on 1 November 2021 (GMT).
Tekmar Group plc (LON:TGP)
Tekmar Group plc is a UK-based engineering services company which offers technology and services to offshore energy markets worldwide. With a green economy mark, the AIM-listed company has a current market cap of £19.36 million. It has given a negative return of 9.09% in 1 year. Tekmar Group plc’s shares were trading at GBX 37.00 at 2:24 PM on 1 November 2021 (GMT).