If there is one sector that has gone through a remarkable bit of volatility over the past year then it is the energy sector and the volatility also made it possible for many companies to reap record profits. The volatility is expected to remain in place for the foreseeable future considering the geopolitical situation in the world and hence, investors could do well to keep an eye on the sector. This article is going to provide you with a quick look into three energy companies that you could consider adding to your watch lists at this point in time.
SPI Energy Co Ltd (NASDAQ:SPI) – This is a company that could give investors exposure to the fast-growing solar sector. The company had been established back in 2006 and works as a renewable energy company with a global presence. It is also involved in providing electric vehicle solutions. It is based out of McClellan Park in California.
Earlier in the year in February, the company announced that it expected its revenues in 2023 to be in the range between $250 million and $300 million. The net income projected for the year was between $29 million and $36 million.
Houston Natural Resources Corporation (OTCMKTS: HNRC) – The oil and natural gas firm Houston Natural Resources Corporation could be another one to watch at this point. Earlier this month the company announced record-breaking performance for the fiscal year that ended December 31, 2022.
Total revenues in the 12-month period shot up by 12.6% year on year to hit $20,516,899. On the other hand, the revenues stood at $9,821,899, which worked out to a rise of 25.5% from the previous year. The earnings per share for the period stood at $0.14.
SusGlobal (OTCMKTS: SNRG) – Last but not least, the renewable energy firm SusGlobal may be worth tracking. It is a leader in the circular economy ecosystem and is involved in cutting down greenhouse gases and diverting organic waste.
The management is focused on turning the company into a leader in sustainable waste-to-energy and regenerative product providers. Not too long ago the company appointed Bruce Rintoul, the senior vice president of Veolia North America to its board of directors.