Oil companies begin to see competition…
For centuries, oil held a monopoly on the entire energy sector, but the new kids on the block are aiming to take over…
Royal Dutch Shell, one of the biggest oil companies in the world, recently announced that they will slash up to 9,000 jobs as they begin to accelerate their shift away from fossil fuels.
This layoff would affect more than 10% of its workforce.
Shell CEO, Ben van Beurden said in a statement:
“We have to be net zero in all our operations, which means major changes at refineries, chemicals sites, on-shore and offshore production facilities. But it also means that we have to change the type of products that we sell.”
The big oil companies are starting to accept the inevitable truth – fossil fuels will be replaced as modern technology creates cheaper, cleaner energy sources.
While most of the attention is on these huge companies, a group of smaller ones have quietly established themselves as the new generation of energy.
Where’s the money?
Renewable energy companies have yet to receive the mainstream media attention that they should be getting, presenting an opportunity to step into the future of the energy sector before the mass public even learns about it.
While the stocks of oil companies have been dropping lower and lower with each passing year, the renewable energy companies have been growing.
For example, at the time of writing, Shell has dropped -53.3% in the past year.
Every single person who bought Shell and held on lost more than half their wealth.
Meanwhile, the leader of wind energy, and the leader of solar energy, have absolutely skyrocketed in the same time frame.
The numbers don’t lie, and they’re saying that a changing of the guard is underway.
Out with the old, in with the new.
And we should do the same with our portfolios, especially if we want to pocket as much profits as possible.
How can I get some?
There are two companies that are leading the charge in their respective energy fields.
For wind power, the leader is Vestas Wind Systems.
This stock has enjoyed a 130.6% gain over the past year, and it shows no sign of slowing down.
Vestas is the leading manufacturer and installer of wind turbines.
Their global footprint is so large they’re expected to grow alongside the growth of the wind industry as a whole.
Meanwhile, the solar energy sector is being dominated by SolarEdge.
SolarEdge stocks have increased 225.3% over the past year.
It’s also the international leader of the solar energy sector, and even has 60% of U.S. market share.
What’s more, they’re also expanding into energy storage and electric vehicle manufacturing.
While the mainstream media is only reporting on big names like Shell and Tesla, these two companies have quietly secured majority market share in their respective fields.
Making money off the budding renewable energy sector is simple.
Get into Vestas and SolarEdge before the mainstream news starts reporting it to the masses.