The use of biofuels as an alternative energy source is becoming increasingly attractive for investors around the world. Growing concern for environmental protection and a focus on renewable energy production have driven the development of the biofuel industry. In the last few years, the US has become one of the major players in developing and using biofuels on a larger scale. This article will explore 6 of the most promising US biofuel stocks in 2021 and highlight their performance up until 2023.
The first stock worth highlighting here is that of Renewable Energy Group (REGI). This company is a leader in advanced biofuels production, providing an array of biofuel products, including biodiesel, renewable diesel, heating oil, and jet fuel. The company operates a network of 25 production plants in 19 US states, with customers including airlines, energy companies, and government agencies. The company’s stock has been performing well, and the stock rose nearly 200% over the past 12 months.
The second stock worth mentioning here is Green Plains Inc. (GPRE). This company is engaged in the production, marketing, and distribution of advanced biofuel and other renewable energy products. The company operates eight production facilities in six US states with customers including airlines, airlines, energy companies, and government agencies. The stock has been performing strongly, with shares rising 150% over the past year.
Another promising US biofuel stock is Renewable Energy Group (REGI). This company is a leader in advanced biofuel production, providing an array of biofuel products, including biodiesel, renewable diesel, heating oil, and jet fuel. The company operates a network of 25 production plants in 19 US states, with customers including airlines, energy companies, and government agencies. The company’s stock has been performing well, and the stock rose nearly 200% over the past 12 months.
The fourth stock worth noting here is Decarbonization Technologies (DECN). This company develops and manufactures carbon capture and utilization technologies to help reduce GHG emissions. The company’s stock has had a strong showing over the last year, with shares rising about 500%.
The fifth biofuel stock worth mentioning is EcoElectron Technology (ECT). This company develops efficient biofuel processing and production technologies. The company has experienced a big growth in sales and earnings, with the stock price nearly doubling over the past 12 months.
Finally, we have Novvi (NOVI). This company develops renewable fuel solutions from vegetable oils and other agricultural feedstocks. The company’s stock has been performing especially well, with shares rising nearly 300% over the past 12 months.
Overall, US biofuel stocks have been performing exceptionally well over the last year and could continue to do so in the coming years. All of these companies are at the forefront of the renewable energy movement and they are sure to remain key players for many years to come. Investors interested in biofuel stocks should look to these six companies as a great place to start building a portfolio.
