Climate change is an unfortunate and biggest trend of this decade. Climate change is defined by NASA as the wide range of the worldwide phenomena developed particularly by the burning process of fossil fuels that are adding heat-trapping gases to the atmosphere of the Earth. According to worldwide scientists, there is unequivocal warming inside the Earth. Global temperatures above average level along with increasing severity and frequency of droughts in different regions, however, are not the few manifestations of this change of climate.
With the shift of the focus of the US government towards addressing the crisis related to climate in the next few years, a number of benefits will be there for the firms which are operating in the field of renewable energy. There are a number of electric and solar mobility firms that are giving highly promising prospects, but investing in their stocks also has some risks. There is a direct impact of the physical consequences of changes in climate on the stability level of the financial markets. The utmost impacts of these climatic changes including extreme changes of weather (for example drought conditions or increase in water level because of melting glaciers) could influence the business processes and operations of different industries. This can impact the revenues of the company and ultimately the stock values as well. Here, we are going to list some of the best climate change stocks which are mentioned by Insider Monkey in a post.
Enphase Energy, Inc. is topping the list of the best climate change stocks. The company is involved in the designing and production of software-based energy products and solutions that cater to solar generation, web-based control and monitoring, and home energy storage. M175 was the first product of the company which was produced for giving 175 Watts of AC power output and later M190 product replaced it by offering 190 Watts of output. This has been reported that in the 3rd quarter of the current year, the revenue of the company is $178.5 million. The second company in the list of best climate change stocks is First Solar, Inc. The company is engaged in the production of PV solar solutions that use advanced system technology. These solutions serve as attractive alternatives for fossil-fuel electricity production today. This has been reported that the sales of the company in the 3rd quarter increased by $285 million and became $928 million in the 3rd quarter of this current year. There are more to go, you can read 10 Best Climate Change Stocks to Buy Now.