5 Top Green Penny Stocks For 2023 (CEI, VKIN, SAENF, HYSR, SPI)
Naples, FL --News Direct-- RazorPitch VKIN
As the world becomes increasingly focused on sustainability, there has never been a better time to invest in green penny stocks. If you are interested in investing in companies that are making a positive impact on the environment while also potentially earning sizable returns on your investment, then don't sleep on this project sector.
These companies are dedicated to developing environmentally friendly solutions to the world's most pressing problems, and as a result, they’re well positioned to benefit from the growing demand for sustainable products and services.
Green penny stocks are working to revolutionize industries ranging from energy, waste management to agriculture, and their low stock prices allow investors to get in on the ground floor.
In this article, we’ll highlight four green penny stocks that have the potential to deliver returns, while also making a difference.
Viking Energy Group, Inc. (OTC: VKIN) a subsidiary of Camber Energy Inc. (NYSE: CEI) is a growth-oriented, diversified energy company. Viking provides custom energy and power solutions to commercial and industrial clients in North America through a number of majority-owned subsidiaries. Viking Energy Group also holds an exclusive license in Canada for a patented carbon capture system.
Among the many green technologies under the VKIN umbrella include, a majority interest in entities with intellectual property rights to a fully developed, ready-for-market proprietary Medical & Biohazard Waste Treatment System using Ozone Technology and an Open Conductor Detection System designed for power grid use.
Last month, the company announced that Viking Ozone Technology, LLC, the company's majority-owned subsidiary, was granted U.S. Utility Patent No. 11,565,289 by the United States Patent and Trademark Office.
The patent is titled "Multi-Chamber Medical Waste Ozone-Based Treatment Systems and Methods." VKIN states that a related international application is in the works, and in the near future, a few nations will be chosen for national phase coverage.
The green technology will not be limited to inside the US borders as VKIN believes that the approval of this US patent application will result in the issuance of additional related patents in other countries.
This utility patent relates to Viking Ozone's proprietary methods and devices utilizing ozone-based treatments for biohazardous waste. Viking expects to use this technology in waste treatment and disposal systems, such as those used in hospitals, prisons, laboratories, military bases, and care facilities.
The global medical waste management market was valued at $7,226.4 million in 2020 and is projected to reach $12,834.9 million by 2030, with a CAGR of 5.8% from 2021 to 2030.
According to the World Health Organization, managing medical waste requires greater diligence and care in order to avoid negative health effects. As the demand for medical waste grows, it is critical to prioritize waste treatment and disposal options that are both safe and environmentally responsible.
VKIN continues to diversify their portfolio, investing in game-changing technologies and intellectual properties that make a positive impact on the environment.
Solar Alliance Energy Inc. (OTC: SAENF) is a leading solar energy solutions provider focused on the commercial and utility solar sectors.
SAENF is an energy solutions provider focused on the commercial, utility, and community solar sectors. The company focuses on reducing or eliminating customers' vulnerability to rising energy costs. SAENF offers an environmentally friendly source of electricity generation and provides affordable, turnkey clean energy solutions.
SAENF recently announced that their Board of Directors has approved the appointment of Christina Wu as Chief Financial Officer (CFO)) of the company, effective March 10, 2023.
Ms. Wu was previously CFO of the company from February 2020 to September 2021 and has served as CFO for several publicly listed companies.
"Ms. Wu was a critical member of the Solar Alliance team as we began our transition to large commercial, industrial, and utility solar projects," said CEO Myke Clark. "I am pleased to welcome Ms. Wu back to the Solar Alliance and look forward to continuing our progress.”
According to the company, SAENF is pursuing opportunities to expand through partnerships, joint ventures, or other initiatives.
Another green penny stock that should appeal to investors is SunHydrogen Inc. (OTC: HYSR), which is developing breakthrough technologies to make, store, and use green hydrogen.
The company has its own patented SunHydrogen Panel technology, which is still currently in development and uses sunlight and any source of water to produce low-cost green hydrogen. In the same way that solar panels produce electricity, the SunHydrogen Panels will produce green hydrogen.
Recently, HYSR published a photo of the largest version to date of the company’s nanoparticle-based green hydrogen technology.
The image shows a panel that houses multiple hydrogen generators and contains 16 times more hydrogen generator area than the previous small-scale model built by HYSR.
This prototype is currently the only self-contained nanoparticle-based hydrogen generation device of its kind that splits water molecules into high-purity green hydrogen and oxygen using the sun's energy.
For those interested in investing in revolutionary green technology, HYSR is leading the charge in hydrogen production, a market that Goldman Sachs estimates to be worth $12 trillion by 2050.
For investors looking for a bit more of an established green penny, SPI Energy Co. (NASDAQ: SPI) is a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions for business, residential, government, logistics, and utility customers.
In a recent company update, SPI disclosed their projected net income for 2023, with the key figures being $250 million to $300 million in revenue and $29 million to $36 million in net income.
“With near-term expectations for an EBITDA positive and net profitable Q1 2023, we are confident we will deliver between $29 million and $36 million in net income for fiscal year 2023," said Xiaofeng Peng, Chairman and CEO of SPI Energy.
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