The Three Clean Air Stocks Thriving During The Pandemic

Silver linings. We’ve all been looking for them. I have to stay home… but I get to walk the dog (or play with the cat) more, reconnect with family, catch up on reading (or Netflix (NFLX)), and finally try out meditation or journaling.

One of the silver linings emerging from the global situation, not only by individuals enjoying the fresh air, but by fund managers allocating investment dollars, is that reduced business activity has led to cleaner air and water.

As the world emerges from the COVID-19 crisis, there will be many competing interests. Even now we are seeing the tension between re-opening businesses and continued health concerns. One tension, which was already in full conflict prior to the health crisis, is the reliance on fossil fuels versus green energy.

I think there’s a good chance green energy advocates come out of this crisis with renewed energy and focus. The clean skies, with clear proof from NASA satellites that even a brief pause in industrial activity can have a very substantial impact on pollution, gives them a perfect case study no one could have anticipated.

And many of the stocks recognized as good investments for ESG, or environmental, social, and governance, investors, are weathering the current crisis quite well. Here are three companies that fit this theme, ranging from established businesses to a very early, but potentially very profitable, investment.

Despite the sometimes-controversial antics of its iconic founder, Elon Musk, Tesla (TSLA) has been on a rocket ride that started in late 2019 and has so far continued into 2020. TSLA captured the imagination of a number of constituencies with its eclectic (and highly rated) cars. Everyone from green energy advocates to technology geeks love the vehicles.

Did you know Tesla actually borrowed money from the U.S. Energy Department as a startup? The company was almost denied the loan because no one believed an expensive luxury electric car was viable in a time when the Prius was the top selling rechargeable vehicle.

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