US Senate Passes Climate Bill: MMMW, SNRG, GEGR, HNRC, AMYZF

Getting your Trinity Audio player ready...

The laws of the land have a major effect on the stock market and the passing of new legislation can almost always have a bearing on certain sectors. Not too long ago, the United States Senate passed the Climate Bill and it is going to see billions of dollars in investments flowing into certain sectors. In light of that development, it may be a good time for investors to take a look at certain companies which may end up being major beneficiaries of the passage of the bill. Here is a look at five stocks.

Mass Megawatts Wind Power Inc (OTCMKTS:MMMW) – The first one that ought to be included in this list is the Mass Megawatts Wind Power Inc stock, which had been in focus last month following a major announcement back on July 25.

At the time the company had announced that it had started making preparations with regard to the construction of as many as two solar power systems in Brooklyn, New York. The purpose of the two systems is to demonstrate the advantages of the company’s Solar Tracking technology, which is still at the patent pending stage.

Houston Natural Resources Corporation (OTCMKTS:HNRC) – the Oil & Gas closed slightly down on Thursday, August 4, 2022, and was able to bounce off its 200-day moving average, an important long-term support line. Looking to move into breakout territory in the short term.

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.

SusGlobal Energy Corp (OTCMKTS: SNRG) – The next one to make it to this list is SusGlobal Energy Corp, which is best known for having come up with the pathogen-free liquid organic fertilizer SusGro.

The company had actually been in the news on July 11 when it announced that its fully owned subsidiary unit SusGlobal Energy Belleville Ltd had finally completed the Verified Emission Reductions and Removals Report. The report had been necessary for the company’s carbon credit development process.

Gaensel Energy Group Inc (OTCMKTS: GEGR) – Gaensel Energy Group Inc may be a diversified company and have interests in a range of industries but the company is also heavily invested in the energy sector.

However, back on July 29 the company had come into the news after it announced that its unit Metro VR Studios had completed the line-up of the PCVR and VR titles that it would launch in 2023. It remains to be seen if the Gaensel Energy Groupstock come into focus in the coming days.

American Manganese Inc (OTCMKTS: AMYZF) – Last but not least, it is the lithium-ion upcycling and recycling company American Manganese Inc that ought to be on investors’ radars at this point.

Last week on August 2 the company had come into focus after it announced that it would get advisory services as well as funding from the National Research Council of Canada Industrial Research Assistance Program for a feasibility study. The study is going to be involved fluoride removal from the black mass that may contain a high concentration of the same.