Global warming is an issue because it has rendered a negative impact on various industries and sectors across the world. European and Western countries have started to take action to end global warming by reducing carbon emission. In this context, the available option is to utilize the available renewable energy sources like wind, and solar. Some of the developed countries have already started to take initiative and have defined their clean and green energy goals by year 2030 or 2050. Contrary to this situation if global warming is not controlled and it keeps on increasing, some of the companies will benefit from it. For instance, if the temperature increases, people will prefer to bath and use water. So, a company that is engaged in dealing with swimming pools and accessories is likely to benefit from it. It is better to take steps on war-footing to reduce carbon footprint in the better interest of our next generation. Continue reading this article till the end and you will learn more about the Best Companies to Benefit from Global Warming. The information about companies has been gathered from the article shared by Insider Monkey.
First Solar, Inc. is a company which deals in solar power plants and cells. It is headquartered in Arizona and the company is popular for cadmium telluride-powered photovoltaic modules. These modules generate power with a thin CdTe film on glass. According to sources, the company shares increased by 70% during the third quarter of previous year. It is estimated that the company will be able to generate revenue somewhere between $2.6 billion and $2.9 billion. At present, 40 hedge funds have invested in stocks of First Solar, Inc. Another popular company is Enphase Energy Inc. is headquartered in California. It is one of the largest solar companies in American with a market cap of $22 billion. This company deals in software-powered home energy solutions. As per available data, the company sold over 20 million microinverters to different customers, companies and organizations across Australia, Europe and North America. Currently, around 42 hedge funds have invested in stocks of Enphase Energy Inc. The total investment of these hedge funds in the stocks of this company amounts to $1.04 billion. It is believed the stock price will increase later during 2021. Read more about the other companies at 10 Companies That Will Benefit From Global Warming.