4 Renewable Energy Stocks That Should Continue to Outperform

As the world gets ‘greener’ the renewable energy stocks on our list will likely keep on shining

SmallCapPower | October 20, 2016: With new reports stating that the demand for oil will decrease sooner than initially predicted, it is the established green energy providers that will be positioned to support the transition to renewable energy. The companies on our list today could be some of those companies that help transition our society to a more sustainable one. As they all have producing assets in jurisdictions favourable to green energy and environmental policy, with all experiencing strong growth this year and three of them paying dividends, these clean energy stocks may provide environmentally responsible value and growth for your portfolio.

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bor-logoBoralex Inc. (TSE:BLX) – $18.22
Electric Utilities

Boralex Inc. is a power producer that develops, constructs and operates renewable energy power stations. The Company’s segments include wind, hydroelectric, thermal and solar. It operates an asset base with a capacity of approximately 1,260 megawatts (MW), of which over 1,090 MW are under its control, consisting of approximately 490 MW in Canada, over 520 MW in France and over 80 MW in the Northeastern United States. It operates approximately 870 MW wind power portfolio of assets in France and Canada. It also owns the rights to portfolio of wind power projects in France.

  • Market Cap: $1,189.10(mm)
  • Total Revenue (LTM, CAD, Millions): $307.94(mm)
  • YTD Price PCT Change: 26.0%

bor-graphinner-logoInnergex Renewable Energy Inc. (TSE:INE) – $14.72
Electric Utilities

Innergex Renewable Energy Inc. is an independent renewable power producer. The Company is a developer, owner and operator of renewable power-generating facilities with a focus on hydroelectric, wind power and solar photovoltaic (PV) projects. It operates through four segments: hydroelectric generation, wind power generation, solar power generation and site development. The Company owns interests in approximately 30 hydroelectric facilities.

  • Market Cap: $1,591.47(mm)
  • Total Revenue (LTM, CAD, Millions): $269.24(mm)
  • YTD Price PCT Change: 29.9%

inner-graphalt-logoAlterra Power Corp. (TSE:AXY) – $5.96
Independent Power Producers

Alterra Power Corp. is engaged in the ownership, operation, development and acquisition of renewable power projects. The Company operates over six power plants totaling over 750 megawatts (MW) of capacity. Its portfolio includes Reykjanes, which is approximately 100 MW geothermal power generation facility in Iceland; Svartsengi, which is over 70 MW geothermal power generation facility in Iceland; Toba Montrose, which includes the over 140 MW hydro power generation facility of Toba and approximately 90 MW hydro power generation facility of Montrose; Dokie 1, which is over 140 MW wind power generation facility at British Columbia, Canada, and Shannon, which is over 200 MW wind power generation facility in Texas.

  • Market Cap: $279.39(mm)
  • Total Revenue (LTM, CAD, Millions): $75.23(mm)
  • YTD Price PCT Change: 29.6%

alt-graphpol-logoPolaris Infrastructure Inc. (TSE:PIF) – $16.61
Renewable Fuels

Polaris Infrastructure Inc. (Polaris Infrastructure), formerly Ram Power, Corp., is a renewable energy company. The Company is focused on the development, production and sale of electricity from geothermal energy. It is engaged in the operation, acquisition and development of renewable energy projects in Latin America. The Company is operating an approximately 70-megawatt capacity (net) geothermal electrical energy production facility located in northwest Nicaragua (the San Jacinto project). It is also involved with the exploration and development of a second production facility in the Department of Chinandega in Nicaragua (the Casita Project).

  • Market Cap: $262.34 (mm)
  • Total Revenue (LTM, CAD, Millions): $65.94
  • YTD Price PCT Change: 108.0%pol-graph