The energy sector has been in considerable focus among investors over the course of the past few months and for a good reason too. The current geopolitical climate has resulted in a situation in which the energy sector has seen massive ups and down and hence, there was an opportunity for many enterprising investors throughout the year. The opportunities still exist and this article is going to give you a look into four energy-related stocks that you may add to your watch lists at this point.
Houston Natural Resources Corporation (OTCMKTS:HNRC) stock continues to consolidate after the recent jump. The stock had been one of the biggest gainers and soared 146% in the past month. The stock is still trading above the 20-day and 50-day moving averages of $0.41 and $0.29 respectively.
The company managed to bring in revenues of $5,125,473 in the second quarter and of $8,687,641 in the first half of the year. The revenues in the first half of the year proved to be 41% higher than the revenues of $7,614,534 in the first six months of 2021. It may be a good idea to add the Houston Natural Resources Corporation to your watch lists.
Mass Megawatts (OTCMKTS:MMMW) – If you are interested in the renewable energy sector then the Mass Megawatts could well be one to look into. The company was in the news earlier on in the week on Monday after it announced that it was going to target ten communities in Massachusetts following the passage of the Massachusetts Clean Energy Law last week.
As per the provisions of the law, those communities in the state are going to limit or indeed ban the usage of fossil fuels in new construction. That opens up an opportunity for companies like Mass Megawatts.
SusGlobal Energy Corp (OTCMKTS: SNRG) – The SusGlobal Energy Corp stock is another one that investors may look into this week. However, it should be noted that there has been no news at all about the company for many weeks.
The last time the company was in the news was back on July 11. At the time it was announced that its fully owned subsidiary unit SusGlobal Energy Belleville Ltd had been successful in completing the report for Verified Emission Reductions and Removals as part of the carbon credit development process.
Gaensel Energy Group (OTCMKTS: GEGR) – While it is true that the Gaensel Energy Group is a diversified company with a wide range of interests, it is also important for investors to keep in mind that the company is also heavily involved in the energy sector.
There has been no news about the company in recent times. However, back on July 29, it announced that its unit Metro VR Studios had announced the initial list of PCVR and VR titles that will be launched early next year.
Hydro Power Technologies (OTCMKTS: PYBX) – There has been no news about Hydro Power Technologies in recent days but the company was in focus among investors yesterday and the stock ended up with gains of 15%. The company is involved in the development of grid ready, safe and reliable green hydro power technology solutions.