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Energy stocks : An Investor Telegraph Exclusive

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The energy sector has been in a tailspin since the beginning of last year, with global supply surpassing demand. The US energy sector actually ran out of places to put the excess oil for the first time in history, due to COVID.

Energy stocks were heavily discounted across the board in 2020 which surmounts to an opportunity to invest before the market frenzy might start anytime now, as the pandemic is slowly but certainly coming to an end.

We present four such Energy Stocks. An Investor Telegraph exclusive

1.Energy Recovery, Inc. (NASDAQ: ERII)

This is an engineering-driven technology company. It is engaged in engineering, designing, manufacturing, and supplying solutions for industrial fluid flow processes. The company operates in two segments, Water, and Oil and gas, and its products are utilized in these markets to either recycle and convert wasted pressure energy into a usable asset or preserve pumps that are subject to hostile processing environments.

The stock could be a solid choice for investors given the company’s remarkably improving earnings outlook.

It is up an impressive 130% over the last five years and has gained by more than 45 % in the last three months. At a price below $ 15 presently, it is a great value investment

2.Plug Power (NASDAQ: PLUG)

Plug Power Inc. is an American company engaged in the development of hydrogen fuel cell systems that replace conventional batteries in equipment and vehicles powered by electricity.

Shares of the company had a great run in 2020, up more than 15-fold in 12  months which comes to a more than a 1,000% rise in the stock. It had a gain of 155% in 2019.

South Korean firm SK Holdings has announced plans to invest $1.5 billion into Plug to speed the adoption of hydrogen technology in Asia. The stock is above $ 63 a share and is showing much promise for the future.

3.Axcelis Technologies(NASDAQ: ACLS)

This U.S .company is engaging in the design, manufacture, and servicing of capital equipment for the semiconductor manufacturing industry worldwide. Its stock has been on a run since mid-Jan as the company raised its guidance for the fourth quarter of 2020 and announced a new share repurchase program.

Axcelis now expects to generate revenue of approximately $120 million for the fourth quarter, up from previous guidance of $110 million. The company expects a gross margin of 43% and earnings per share of $0.32, up from previous guidance of 41% and $0.21, respectively.

The stock is worth stocking at its present price of $ 38

4.Trimble (NASDAQ: TRMB)

This software and services technology company, services global industries in Agriculture, Building & Construction, Geospatial, Natural Resources and Utilities, Governments, Transportation, and others.

It posted revenues of $829.70 million for the quarter ended December 2020, surpassing market estimates. The reports represent an earnings surprise of 17.31%.

A quarter ago, it was expected that this primary  GPS manufacturer would post earnings of $0.43 per share when it actually produced earnings of $0.60, delivering a surprise of 39.53%.

The present stock price might look slightly expensive at $ 73 but is poised to break its record high very soon seeing the strong earnings potential.

 

 

 

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