Top 5 renewable energy stocks of 2021

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Top 5 renewable energy stocks of 2021

 Top 5 renewable energy stocks of 2021
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Highlights

  • Global renewable electricity capacity is expected to jump by over 60 per cent to over 4800 GW by 2026.
  • Renewables are forecasted to account for nearly 95 per cent of the rise in global power capacity through 2026.

The renewable energy sector is set to boom in the upcoming years as the UK and the rest of the world’s aim to tackle climate change.

Global renewable electricity capacity is expected to jump over 60 per cent to over 4 800 GW by 2026, compared to 2020 levels, according to a recent report on the renewables market by the International Energy Agency (IEA)

As per the IEA report, renewables are forecasted to account for nearly 95 per cent of the rise in global power capacity through 2026, of which solar PV is expected to account for over 50 per cent.

In view of this, let us take a look at the top 5 AIM-listed stocks in the renewable energy space:

  1. Velocys PLC (LON: VLS)

Velocys is a sustainable fuels technology company and a part of the FTSE AIM All-Share index.

The company recently raised a total of £25 million (before expenses) from the placing of 312.50 million shares at a placing price of 8 pence per share.

It plans to use the net proceeds from the placement to invest in its manufacturing capability and other goals.

Velocys has a market cap of £105.91 million and has netted shareholders a one-year return of 4.23 per cent as of 24 December.

  1. Inspired PLC (LON: INSE)

Inspired is commercial energy and sustainability advisor. It is another alternative energy company that is a part of the FTSE AIM All-Share index.

The company’s H1 2021 revenue rose by 31 per cent to £32.62 million on year on year basis.

Its H1 2021 gross profit increased by 19 per cent to £24.09 million, from £20.27 million in H1 2020.

Inspired has a market cap of £165.73 million and has netted shareholders a one-year return of 30.79 per cent as of 24 December.

Inspired PLC has a dividend yield of 1.5 per cent and a five-year average dividend yield of 2.6 per cent.

  1. Ceres Power Holdings plc (LON: CWR)

Ceres Power Holdings is a UK based fuel cell and technology company. It is a part of the FTSE AIM UK 50 index.

The company recently reported it had entered into a strategic partnership with long-duration energy storage company RFC Power Ltd.

Ceres Power has a market cap of £1,878.69 million as of 24 December. 

  1. EQTEC PLC (LON: EQT)

FTSE AIM All-Share index listed company EQTEC is a gasification solutions firm.

The company has entered into a strategic alliance pact with a consulting and engineering firm, Wood.

Under the agreement, the two firms will aim to develop synthetic natural gas and waste-to-hydrogen solutions.           

EQTEC has a market cap of £103.19 million as of 24 December.

  1. AFC Energy PLC (LON: AFC)

AFC Energy is an alkaline fuel cell company and a part of the FTSE AIM UK 50 index.

The company reported that its S series heavy duty marinised platform and ammonia cracking technology was selected for a green bulk cargo ship design programme.  

AFC Energy has a market cap of £355.86 million as of 24 December.

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