2 Alternative Fuel Stocks to Buy for a Cleaner Future
StockNews
Published Oct 21, 2021 04:46PM ET
Updated Oct 21, 2021 05:00PM ET
2 Alternative Fuel Stocks to Buy for a Cleaner Future
The alternative fuel sector is gaining traction worldwide, driven by government initiatives to address climate concerns. For instance, the Biden administration is working to revamp the U.S.’ environmental policies. Given the growing alternative fuel market, we think Methanex Corporation (NASDAQ:MEOH) and REX American Resources (NASDAQ:AREC) (REX) could be profitable investments now. Read on.Governments worldwide are lending growing importance to green energy initiatives due to climate concerns. As a result, the alternative fuel sector has been gaining traction. The Biden administration’s ‘Build Back Better’ plan has at least $500 billion earmarked to tackle the climate crisis. The President is also taking active steps to restore the National Environment Policy Act, which calls for federal evaluation of the environmental impacts of infrastructure projects.
The International Energy Agency (EIA) has urged governments to promote the consumption of alternative fuels in long-distance transport, such as in aviation and shipping, ahead of the international climate summit. Analysts expect alternative fuel sales to have a 25% market share by 2030.
As the drive toward a cleaner future gains steam, we think investing in alternative fuel stocks Methanex Corporation (MEOH) and REX American Resources Corporation (REX) could be rewarding.
Continue reading on StockNews
Get The News You Want
Written By: StockNews
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.