Hello everyone, great to have your company on Kalkine TV. I'm Sage and
you’re watching Buzzing Trends Show.
Renewable energy sources are increasingly replacing traditional sources of energy
obtained from fossil fuels like diesel, coal, and crude oil. Renewable or clean
energy has acquired more significance as the world is gradually aiming to achieve
zero carbon emission targets to mitigate climate change. Solar, wind,
and geothermal are a few sources of renewable energy. When it comes to investment, investing in
Environment, social, and corporate governance has become a new trend in finance these days.
Investors are considering companies adopting environmentally sustainable business practices
while adding energy stocks to their portfolios. In this context, let us look at four ASX-listed
renewable energy companies that have been on investors’ watchlists recently. These four
ASX-listed stocks include Origin Energy, Genesis Energy, Infratil, and Meridian Energy.
First renewable energy stock on the list is Origin Energy.
The shares of Origin Energy traded flat at AU$5.68 per share on ASX at opening of the market.
The company has a market capitalisation of AU$10 billion. In the last one year, Origin Energy
shares have gained nearly 20.85%, while the stock is up almost 5.97% 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 Scope 1 and Scope 2 equity emissions by 8%, compared to 2020.
Moving on to Genesis Energy.
The shares of Genesis Energy were spotted trading 4.93% higher at AU$2.23 per share on ASX at today.
Genesis Energy shares have fallen 25.95% in the last one year, while the stock is down nearly
16.13% on year-to-date basis. The ASX-listed New Zealand-based electricity generation company has a
market capitalisation of AU$2.34 billion. Genesis Energy last month issued 30-year unsecured,
subordinated green capital bonds to New Zealand investors for up to NZ$225 million.
Next stock is Infratil.
Its shares traded 1.17% higher at AU$6.94 per share in the morning. The ASX-listed
infrastructure investment company, which also invests in renewable energy, has a market
capitalisation of AU$4.97 billion. Apart from operating infrastructure enterprises, Infratil
has significant assets in the renewable energy sector. In the past 12 months, the share price
of Infratil has fallen nearly 2.94%, while the stock is down almost 9.52% year-to-date basis.
Last renewable energy to look at is Meridian Energy.
Its shares traded 0.50% higher at AU$4.01 per share on ASX today. In the last one year,
the share price of Meridian Energy has fallen nearly 16.63%, while the stock is down by 12.83%
on year-to-date. The company commands a market capitalisation of AU$10.28 billion.
The power company claims to generate electricity from 100% renewable sources.
With that we come to an end of this Buzzing trend show.
Will be back again tomorrow with the show. Till than stay tuned to Kalkine
TV for the latest insights and updates from the market. I’m Sage, signing off.