Renewable Energy Stocks with Potential: NuScale, Plug Power, and CleanSpark
Key Ideas
  • NuScale Power is developing small modular reactors for nuclear power, with revenue expected to surge to $402 million in 2027 driven by new designs and contracts.
  • Plug Power focuses on hydrogen fuel cell technologies, expecting revenue growth at a CAGR of 32% from 2024 to 2027 with a $1.66 billion loan guarantee for green hydrogen plants.
  • CleanSpark, known for modular microgrids, holds 9,952 Bitcoins worth $819 million and expects revenue to grow from $379 million to $1.1 billion by 2027.
  • Investors eye these stocks for their potential in the renewable energy sector despite past setbacks, anticipating significant returns over the next few years.
The article discusses the potential surge in renewable energy stocks over the next few years, focusing on three companies: NuScale Power, Plug Power, and CleanSpark. NuScale Power is developing small modular reactors for nuclear power, which are expected to receive standard design approval for reactors generating up to 77 megawatts of electricity. It anticipates revenue growth to $402 million in 2027 driven by new designs, contracts, and the energy needs of data centers. Plug Power specializes in hydrogen fuel cell technologies and expects revenue to grow at a CAGR of 32% from 2024 to 2027, supported by a $1.66 billion loan guarantee for green hydrogen plants. CleanSpark, initially focused on modular microgrids, expanded into Bitcoin mining and holds a significant amount of Bitcoins worth $819 million. Analysts project its revenue to increase from $379 million to $1.1 billion by 2027. Despite past revenue declines and net losses, these companies offer potential for growth in the renewable energy sector. Investors are encouraged to consider these stocks for long-term investment given the expected positive trajectory and market demand.
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