Alternative and clean energy markets are likely to grow in the coming months and years, thanks to an increased push from the Biden administration. Biden’s policies will favor clean and renewable energy over traditional sources. This will create opportunities for investors, and there are still some compelling options at the bargain end of the market. Green Plains Partners LP (NASDAQ: GPP) is one of them.
Green Plains offers storage for ethanol and other fuels, as well as terminal and transport services. It designs and acquires ethanol and fuel storage tanks, as well as other related assets for its industry. In the most recent quarter, the fiscal results for Green Plains were mixed. It generated $424.1 million in revenue, down 33% year over year. The decline can be attributed to project updates and regional production adjustments. However, it generated a net loss of -$34.5 million in the quarter, an improvement over the -$39 million it lost the year before.
With an environment that is now more favorable for alternative energy and fuels, Green Plains is expected to grow. Earnings are on track to increase by at least 5% over the next year. The average analyst estimate of $13.50 suggests an upside for new investors. This stock even has a dividend with a yield of 4.92% today, making it a viable income option. Affordability and potential make this a top alternative investment pick for 2021.
- 1 Year Price Growth: -33.85%
- YTD Price Growth: 64%
- 3 Month Price Growth: 19%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.