BP (NYSE: BP ) recently announced it was bailing on its wind power initiatives. The company will sell its U.S. assets, which are spread across nine states and can generate about 2,600 megawatts of power. Estimates place the value of the assets at around $1.5 billion. After getting rid of its solar business, BP is sending a clear message about its commitment to renewables, which may lead investors to consider clean energy investments off-limits for big oil. In this video, Fool.com contributor Aimee Duffy reviews the BP move, and highlights the long-term potential of one oil major who is getting this bet right.
Not all renewable energy investments are created equal. Investors and bystanders alike have been shocked by First Solar's precipitous drop over the past two years. The stakes have never been higher for the company: Is it done for good, or ready for a rebound? If you're looking for continuing updates and guidance on the company whenever news breaks, The Motley Fool has created a brand-new report that details every must know side of this stock. To get started, simply click here now.
Top 5 Clean Energy Stocks To Own Right Now: Fresh Del Monte Produce Inc.(FDP)
Fresh Del Monte Produce Inc., through its subsidiaries, produces, transports, sources, markets, and distributes fresh and fresh-cut fruit and vegetables worldwide. It also offers prepared fruit and vegetables, juices, beverages, snacks, and poultry and meat products. The company provides various fresh-cut fruit products, such as bananas, pineapples, melons, tomatoes, grapes, apples, pears, peaches, plums, nectarines, cherries, citrus, avocados, blueberries, kiwi, strawberries, plantains, mangos, and fruit cocktail; and fresh-cut vegetable products primarily consisting of potatoes, onions, bell peppers, and cucumbers, as well as prepared salads, such as coleslaw and potato salad. In addition, Fresh Del Monte Produce engages in ocean freight; and manufacture of plastics and box products comprising bins, trays, bags, and boxes. It offers fresh produce under the DEL MONTE, UTC, and Rosy brands; and prepared fruits and vegetables, juices, beverages, and snacks under the DEL MON TE, Fruit Express, Just Juice, and Fruitini brands. The company markets and distributes its products to retail stores, food clubs, wholesalers, distributors, and foodservice operators. Fresh Del Monte Produce Inc. was founded in 1886 and is based in George Town, Cayman Islands.Advisors' Opinion:
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Fresh Del Monte Produce (NYSE:FDP) gets a higher grade this week, advancing from a C last week to a B. Fresh Del Monte Produce produces and markets bananas, pineapples, deciduous fruit, melons, and other fresh produce and non-produce items.
Top 5 Clean Energy Stocks To Own Right Now: India Globalization Capital Inc (IGC)
India Globalization Capital, Inc. (IGC) incorporated on April 29, 2005, is a materials and construction company. IGC operates in India and China geographies specializing in the infrastructure sector. The Company offers a suite of services, including the supply of iron ore to customers in China and India, operations and supply of rock aggregate and the civil construction of roads and highways. The Company is focused on building out mining assets, including iron ore, rock aggregate, setting up customer relations, and export hubs for the export of materials to China. IGC operates in India and China geographies specializing in the infrastructure sector. On December 30, 2011, IGC acquired a 95% equity interest in Linxi Hefei Economic and Trade Co. aka Linxi H&F Economic and Trade Co., (PRC Ironman) by acquiring 100% of the equity of H&F Ironman Limited, a Hong Kong company (HK Ironman). In February 2012, the Company acquired Ironman in China. On March 31, 2013, it completed the acquisition of the remaining 23.13% of the TBL.
Mining and trading
The Company�� mining and trading activity centers on the export of iron ore to China and the resale of iron ore to traders in India. The Company�� subsidiary IGC Mining and Trading Private Limited (IGC-IMT), based in Chennai, India, and its subsidiary Ironman are engaged in the iron ore business. Ironman is engaged in the processing and extraction of iron ore from sand and dirt at its beneficiation plants, which converts low-grade ore to high-grade ore through a dry and wet separation process, provides IGC with a platform in China to expand its business, which includes shipping low-grade iron ore, which is available for export in India, to China in order to convert the ore to higher-grade ore before selling it to customers in China.
Quarrying rock aggregate
The Company�� subsidiary, IGC Materials Private Limited (IGC-MPL), is responsible for the Company�� rock aggregate production. The subsidiary has two qua! rrying agreements with two separate partners.
Highway and heavy construction
A number of the Company�� customers are engaged in highway and heavy construction. The Company�� subsidiary, Techni Bharathi, Limited (TBL), a small road building company, is engaged in highway and heavy construction activities.
Construction and maintenance of high temperature plants
The Company, through Sricon, is engaged in the civil engineering, construction and maintenance of high temperature plants. Sricon also builds and maintains high temperature chimneys and kilns.
Top High Tech Companies To Own In Right Now: Global Geophysical Services Inc. (GGS)
Global Geophysical Services, Inc., together with its subsidiaries, provides an integrated suite of seismic data solutions to the oil and gas industry worldwide. The company�s seismic data solutions primarily include seismic data acquisition, microseismic monitoring, data processing, and interpretation services, which deliver data that enables the creation of high resolution images of the earths subsurface, and reveal complex structural and stratigraphic details. It offers seismic data acquisition for land, transition zone, and shallow marine areas, including marshes, forests, jungles, arctic climates, mountains, and deserts. The company serves oil and gas exploration and production companies comprising national oil companies, integrated oil companies, and independent oil and gas companies. Global Geophysical Services, Inc. was founded in 2003 and is based in Missouri City, Texas.
Top 5 Clean Energy Stocks To Own Right Now: Stanfield Funds Management Limited(SFN.AX)
Stanfield Funds Management Limited operates as a fund management and investment company. It involves in diversified investment and asset management. The company was formerly known as Celtex Limited and changed its name to Stanfield Funds Management Limited in 2010. Stanfield Funds Management Limited was founded in 1972 and is based in Albert Park, Australia.
Top 5 Clean Energy Stocks To Own Right Now: Berger International Limited (B64.SI)
Berger International Limited, an investment holding company, engages in the manufacture, distribution, and sale of paint and related products primarily in Singapore, Bahrain, the United Arab Emirates, Jamaica, Trinidad, and Barbados. It offers protective coatings for various surfaces and environments, such as petrochemical or gas plants, oil rigs or offshore platforms, and airport hangars or shipping terminals. The company also provides architectural and wood finishes, such as topcoats, undercoats, and ancillaries; paints for interiors and exteriors; water-based and alkyd based products; products for substrates, such as cement, wood, and metal; emulsions and enamels; grass paints, body paints, tennis court paints, road marking paints, and texture finishes; and elastomeric paints. In addition, it offers marine coatings for various types of vessels and crafts, including cargo carriers, crude oil tankers, yachts, ferries, barges, and tugboats. Further, the company is involved in the painting, repainting, and redecoration of buildings; the supply of building materials; and other general contractor works and sales. It primarily serves project consultants, engineering contractors, and other customers. The company was founded in 1760 and is headquartered in Singapore. Berger International Limited is a subsidiary of Asian Paints International Limited.