Bernie Sanders Warns That This Year 'Is Set To Be The Hottest In History' And Congress 'Must Act Now' To Address Climate Change — 3 Green Stocks Lead The Charge
Portfolio Pulse from Jing Pan
Bernie Sanders warns that this year could be the hottest in history and urges Congress to act on climate change. He highlights the imminent consequences of climate change, including accelerated Arctic ice cap melting, rising sea levels, and heightened flooding. Three green stocks, Tesla Inc., First Solar Inc., and NextEra Energy Partners LP, are actively addressing the issue.
July 20, 2023 | 2:08 pm
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POSITIVE IMPACT
First Solar's solutions help harness the power of the sun. The company brought in $548 million in net sales in Q1 2023, with full-year net sales projected to be between $3.4 billion and $3.6 billion.
First Solar's solar solutions contribute to reducing greenhouse gas emissions. The company's strong sales and projected growth indicate a positive outlook, which could positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
NextEra Energy Partners owns, manages, and acquires clean energy projects. The company plans to sell its natural gas pipeline assets and become a renewables pure-play.
NextEra Energy Partners' transition to a renewables pure-play aligns with the growing demand for clean energy. This strategic move could positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Tesla is helping resolve the issue of greenhouse gas emissions by producing electric vehicles. The company delivered 466,140 vehicles in Q2 2023, an 83% YoY increase.
Tesla's efforts in producing electric vehicles directly contribute to reducing greenhouse gas emissions. The company's significant increase in vehicle deliveries indicates strong demand and growth, which could positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90