Four Pick And Shovels Stocks

Conclusion

Unless it suddenly reverses, the recent run-up in clean energy stock prices is likely to lead to a real-world investment boom in clean energy. While undoubtedly necessary to accelerate the world’s transition away from fossil fuels, not all such investments will be profitable, especially when they amount to buying other clean energy companies at also inflated prices.

During an investment boom, the companies selling tools and supplies to the investors are often more profitable than the investments themselves. That’s what I hope for Valeo, Umicore, and Scorpio Bulkers (under a new name that highlights its new business) in 2021.

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Disclosure: Long VLEEF, UMICF, SALT, VEOEF

Disclaimer: Past performance is not a guarantee or a reliable indicator of future results.  This article contains the ...

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