Hello everyone, great to have your company on Kalkine TV. I'm Sage and
you’re watching Buzzing Trends Show.
Governments, common people, and large companies along with many other organisations are becoming
environmentally aware and taking initiatives towards decarbonisation. The applicability of
renewable energy or clean energy has become even more important given the rise diverse effects
of global warming. Similar to other countries, Australia too intends to
achieve a target of net-zero carbon emissions by 2050. On these lines,
investors are also seen following the "go green" trend and are exploring clean energy stocks.
Well, in this backdrop, let’s look at the four ASX-listed green energy stocks in today’s show.
First on the list is Origin Energy. With market capitalisation of AU$10.25 billion,
its traded 0.086% higher at AU$5.82 per share on ASX today morning. In the last one year,
the share price of Origin Energy has gained almost 20.60%, while the stock is up nearly 8.68%
year-to-date basis. Origin Energy had over 260,000 GreenPower and Green Gas customers in financial
year 2021, an increase of 120% on the prior year. Last year, the energy company continued
to decarbonise its business by reducing its equity emissions by 8%, compared to financial year 2020.
Next green energy stock on the list is Genesis Energy. The shares of New Zealand–based energy
company Genesis Energy were trading 1.79% lower at AU$2.20 per share on ASX today, with a market
capitalisation of AU$2.35 billion. In the last one year, Genesis Energy shares have fallen
nearly 29%, while the stock is down almost 21.15% on a year-to-date basis. The company states that
they understand the role they play towards the goal of net-zero carbon by 2050 and are aligned
to limiting global warming to below 1.5°C by 2025. According to the company, in New Zealand,
Genesis Energy is the only electricity generator and retailer making this commitment.
Next green energy stock on the list is Mercury NZ. Its shares traded 4.65% higher
at AU$4.95 per share on ASX today. The company has a market capitalisation of AU$6.53 billion.
In the last one year, the share price of Mercury NZ has fallen nearly 16.10%, while the stock is
down almost 14.36% on a year-to-date basis. In the last few years, they have converted more than 70%
of their vehicle fleet to electric or plug-in hybrid. Plus, the company is a member of EV100,
an initiative to help reduce carbon emissions and make electric transport the new normal by 2030.
Last green energy stock on the list is Infratil. Its shares traded 2.68% higher at
AU$6.90 per share on ASX today. Infratil is a New Zealand-based ASX-listed company that owns
renewable energy assets. The company has a market capitalisation of AU$4.87 billion. In
the last one year, Infratil’s share price has fallen nearly 1.99%, while the stock is down
almost 10% on a year-to-date basis. Last year, Infratil established Gurīn Energy,
headquartered in Singapore, to develop renewable generation projects across Asia.
Infratil has committed US$233 million, demonstrating a global commitment to renewables.
Well, decarbonisation is essential to combat climate change and renewables are one of the
single largest investment opportunities in history. The Paris Agreement stipulates that
the global warming be stabilized at well below 2°C and eventually 1.5°C above pre-industrial levels.
As the demand for green energy increases,
it will be interesting to see how these ASX listed shares fare in future.
With that we come to an end of this Buzzing trend show. Will be back again tomorrow. Till than stay
tuned to Kalkine TV for the latest insights and updates from the market. I’m Sage, signing off.