In the last week, the Renewable Energy industry is up 1.6%, in the past 3 months the industry is up 8.1%. In both time frame’s the industry is outperforming the US market. Looking forward, earnings are forecast to grow by 33% annually. There are several companies gaining momentum in this booming industry.
Last Friday was especially “good” for Viking Energy Group, Inc. (OTCMKTS: VKIN) investors. After several weeks of anticipation the company filed its 2021 third quarter 10Q/A with the SEC. The market was closed Friday, meaning Monday will be the first day the market will have to react to this positive news. Start your research now, before Monday’s open.
VKIN 2021 Third Quarter Highlights
For the nine months ending September 30th 2021, VKIN recorded:
$124.8 Million in assets a 7.8% increase over the same period in 2020.
$3.9 Million of income from operations a 1,561% increase over the same period in 2021
$26.9 Million of operating expenses an improvement over 2020’s $31.7 Million for the same period, which contributed to the company’s improved income from operations
Earnings per share ($0.38) improved over 2020 ($1.68)
The company will most likely release more details in a press release this week, potentially this morning. These improved fundamentals could be a major catalyst for VKIN’s already bullish technical momentum.
VKIN TECHNICALS INDICATE ‘BUY’
There are several reasons to believe VKIN could move closer to its 52-week high ($3.78) in the near term.
Barchart.com ranks Viking Energy (OTCMKTS:VKIN) as a ‘Buy’.
Bullish indicators for VKIN include:
20 Day Moving Average
20-50 Day MACD Oscillator
20-100 Day MACD Oscillator
50 Moving Average
50-100 Day MACD Oscillator
100 Day Moving Average
200 Day Moving Average
Make sure to start your research immediately on Viking Energy Group (OTCMKTS:VKIN).
Gevo Inc (NASDAQ:GEVO) – There has not been a lot of news about Gevo in recent times but back on April 5 the company had actually made a major announcement with regards to a new partnership.
The company announced that it had gone into a new partnership with the digital agriculture firm Farmers Edge Inc. As per the provisions of the memorandum of understanding signed between the two companies, they are going to be working on the development of a unique carbon inset management program.
Energy Fuels Inc (NYSEAMERICAN:UUUU) – The next one you could consider looking into at this point in time is the Energy Fuels Inc stock. Back on April 13, the company had announced that its White Mesa Mill had been successful in making as many as three commercial shipments of three separate mineral products during the course of the week of April 4.
It was a major new announcement from the company and one that could have had a material effect on the stock as well. It remains to be seen if the stock moves one way or another any time soon.
Ring Energy Inc (NYSEAMERICAN:REI) – Sales volume jumped 11% to 9,153 barrels of oil equivalent per day in Q4. The net income came in at $24.1 million, or $0.20 a share, jumped 70% compared with a net income of $14.2 million, or $0.12 a share in the third quarter of 2021.
Moreover, Adjusted EBITDA increased by 21% in the latest quarter over the fourth quarter to $24.0 million and generated $83.3 million in Adjusted EBITDA for full-year 2021.
FuelCell Energy Inc (NASDAQ:FCEL) – Last but not least, it is the stationary fuel cell energy platform manufacturing company FuelCell Energy Inc that could be now on the radars of investors.
Back on April 6, the company announced that the board of directors had confirmed the appointment of a new Executive Vice President and Chief Commercial Officer in the form of Mark Feasel. It was an announcement that may have brought the stock into some focus.