7 Green Energy Penny Stocks to Add to Your Watch List in 2023

The green energy and electric vehicle sectors were two of the hottest stock market sectors in past years. Want proof? I traded one of my favorites, American Battery Technology Co. (OTCQB: ABML), for a whopping $21,000 over five months in 2020–2021.

With the Biden administration announcing massive grants for electric vehicle and green energy companies, it looks like the green energy sector is about to make big leaps soon.

Looking to get into the green energy sector? Read on to learn more about green energy stocks and see some of the best stocks to keep an eye on!

What Is a Green Energy Stock?

A green energy stock is just what its name implies: stock sold by companies in the green energy sector.

As a refresher, stocks are divided into several sectors or industries. Certain sectors get hot all at once — this means that all stocks in the sector can run on catalysts like the Biden grants.

Sympathy plays are also something to look for. When sector leaders run, their success can boost other stocks in the sector.

The green energy sector has sector leaders like Brookfield Renewable Partners (NYSE: BEP), First Solar (NASDAQ: FSLR), and Plug Power (NASDAQ: PLUG). The stocks I trade are less prominent, cheaper stocks — they can make big gains fast!

What Qualifies a Stock as “Green”?

A stock qualifies as “green” if the company works in the renewable energy sector — basically, anything related to environmentally-friendly efforts and renewable energy sources. Some companies that fall into the green energy sector include:

• Electric vehicle battery makers
• Solar panel manufacturers
• Wind power providers
• Renewable power plant operators
• Biodiesel producers

Green Energy Sector Trends in 2023

With the 2020–2021 run on green energy in the rear view mirror, the market has been waiting on real results — big contracts, government grants, and high earnings. There are also some less publicized green energy trends to watch for in 2023:

Wind and Solar Power Growth

As the push to cleaner energy continues, wind and solar companies will keep getting investors and grants. We’ll likely see some spikes from this sector in the coming year.

Increased Energy Storage Demands

When you generate power, you need a place to store it. That’s why energy storage businesses like battery companies are getting government grants, and running in response.

Rise in Cleantech

Cleantech is a catch-all term for renewable energy, carbon capture, recycling, and other technologies meant to reduce carbon consumption and reverse environmental damage. As regulators demand more sustainable and environmentally-friendly business practices, companies will likely follow suit and invest in more cleantech initiatives.

Green Energy Companies You Should Know About

The renewable energy sector is large, so you shouldn’t keep every company on your watchlist. But it does make sense to keep these sector leaders on your radar as we enter 2023.

Brookfield Renewable Partners LP (NYSE: BEP)

Brookfield Renewable is a renewable power asset company from Canada. It owns and operates various hydroelectric, wind, and solar power plants worldwide.

First Solar Inc. (NASDAQ: FSLR)

First Solar is a solar power system design and manufacturing company. It uses thin-film semiconductors to create its products and sells them to customers worldwide.

Enphase Energy Inc. (NASDAQ: ENPH)

Enphase creates clean energy solutions that merge solar generation, energy storage, and power management on one platform. This California-based company is one of the fastest-growing residential solar providers in the U.S.

Ormat Technologies Inc. (NYSE: ORA)

Unlike most companies in the sector, Ormat Technologies specializes in geothermal energy. Compared to solar and wind power, geothermal power has a more predictable power output since it comes from heat produced from inside the earth. However, it’s expensive — and can cause earthquakes!

SPI Energy Co., Ltd. (NASDAQ: SPI)

SPI Energy made its name in the renewable energy industry in the solar power, energy storage, and electric vehicle fields. It’s a jack-of-all-trades player with high potential. And it’s a penny stock, so you know I’ve got my eye on it.

7 Top Green Energy Penny Stocks 2023

My top green energy penny stock picks for 2023 are:

• (OTCQB: ABML) — American Battery Technology Co. — The EV Battery Penny Stock Spiker
• (NASDAQ: HUDI) — Huadi International Group Co. — The Low Float Energy Penny Stock
• (NASDAQ: FCEL) — FuelCell Energy Inc. —  The Massively Diluted EV Penny Stock
• (OTCPK: CLNV) — Clean Vision Corp. — The Heavily-Promoted Energy Penny Stock
• (NASDAQ: MMAT) — Meta Materials Inc. — The Pumped Penny Stock Sympathy Play
• (OTCQB: VENG) — Vision Energy Corp — A Penny Stock Reinventing Itself
• (OTCQB: NBLD) — Renewable Innovations Inc. — The Reverse Merger Penny Stock Supernova

Before you send in your orders, take note: I have NO plans to trade these stocks unless they fit my preferred setups. This is only a watchlist.

The best traders watch more than they trade. That’s what I’m trying to model here. Pay attention to the work that goes in, not the picks that come out.

1. American Battery Technology Co. (OTCQB: ABML) — The EV Battery Penny Stock Spiker

My first green energy penny stock pick is American Battery Technology Co. (OTCQB: ABML).

Look at the year chart: ABML has had several big spikes already in 2022. And what happened after each one?

Remember this chart well, its the basis for my 7-step framework, @30DayBoot & @completepenny & you must study not to fall prey to greed/ignorance or you'll get wrecked like 90% of traders. It's VITAL to sell into excessive strength/hype, do not just hold & hope like most newbies pic.twitter.com/QsAGHsI6lp

— Timothy Sykes (@timothysykes) February 28, 2021

Yup, it’s a penny stock.

This stock has been rising and falling on the same premature hopes that were behind ABML’s December 2020–January 2021 6,000% run. That run was the source of most of the $21,474 I’ve made trading this stock, but not everyone had the discipline to sell into strength.

Real news has been behind at least some of ABML’s 2022 spikes. In October, it made a 40% move on the back of news that $2.8 billion in government grants were headed to the EV battery sector.

It was a classic “buy the rumor, sell the news” play. The next trading day it fell… until it spiked again a few days later on related news that it would collect $115 million for its forthcoming lithium battery plant.

I was disappointed by the lack of follow-through on both moves, and I didn’t trade it. In this strong OTC market, I’ve concentrated on multi-day runners like stocks #4, #6, and #7 on this list. When they have intraday panics, I can buy the dip and use their strong support to sell into the bounce.

2. Huadi International Group Co. (NASDAQ: HUDI) — The Low Float Green Energy Penny Stock

My second green energy penny stock pick is Huadi International Group Co. (NASDAQ: HUDI).

In early November, HUDI showed what a low-float stock could do.

Ooooooooo $HUDI turning into $ILAG $HKD part 2, how many short sellers are in need of a followup lesson?!

— Timothy Sykes (@timothysykes) November 3, 2022

It spiked 500% over a two-day span, triggered by a pivot: the Chinese steelmaker announced plans to build a production base for clean energy batteries and storage.

On less than 4 million shares traded over the two days of its run, the stock popped. It helps when your float is only 3 million shares.

Then, in the most predictable move in the world, HUDI did a $25 million new share offering as the stock lost more than 90% of its value. It’s come down even further since then.

This drop may have surprised the unlucky buyers of HUDI’s surge, but it should have been obvious to those who studied its chart. Just two weeks before its November spike, it had another low-volume 125% gain. It gave it all back the next day.

There’s another lesson here: former runners can run again.

3. FuelCell Energy Inc. (NASDAQ: FCEL) — The Massively Diluted EV Penny Stock

My third green energy penny stock pick is FuelCell Energy Inc. (NASDAQ: FCEL).

FCEL has done nothing of note in 2022…

The only good thing about FCEL’s lack of momentum is that it’s only added 40 million shares to its bloated float.

From 2019 through this year, FCEL has added 390 million shares! Even August’s hot EV sector had a hard time moving this stock. Longtime holders of FCEL know they’ve been had

OK, rant over. Here’s why I’m keeping FCEL on my green energy watchlist…

Its oversized float wasn’t a deal breaker on 2020–2021’s 1,000% run. Even the 90 million shares FCEL added mid-rally weren’t enough to knock its momentum off.

The problem has been lack of demand. A hot EV sector in 2023 might fix that.

Gas is continuing to go up, and governments are pushing EVs more than ever. Increasingly, this is translating to sales.

That’s what the market wants to see before it goes crazy over EV stocks again. When it inevitably does, I want to be prepared.

4. Clean Vision Corp. (OTCPK: CLNV) — The Heavily-Promoted Energy Penny Stock

My fourth green energy penny stock pick is Clean Vision Corp. (OTCPK: CLNV).

CLNV ran over 200% in November. This was its second 200% run of 2022. So why am I not talking about the news that spurred it in November — plans to build a “hydrogen innovation” facility or its plastic recycling plans?

Maybe because I remember what led to its earlier 2022 run.

Ostensibly, the news was about a new R&D facility in India. But the actual catalyst was a series of the company’s tweets:

• Construction site photos.
• A tweet about the CEO flying to India.
• The CEO taking a COVID test before his flight.
• An airport selfie.
• Finally, on the day of the big spike, CLNV posted pictures of a lackluster building — with Photoshopped signs (you can’t make this stuff up)!

CLNV has earned me $7,636 over the past 16 months. I didn’t earn that money by believing in this stock.

5. Meta Materials Inc. (NASDAQ: MMAT) — The Pumped Penny Stock Sympathy Play

My fifth green energy penny stock pick is Meta Materials Inc. (NASDAQ: MMAT).

Time is almost up for Meta Materials Preferred Shares (OTCPK: MMTLP). On December 13, they will convert into shares in Meta Materials’ oil and gas spin-off company, Next Bridge Hydrocarbons.

Since October, MMTLP has been the subject of a frenetic pump that has sent its shares up by 700%. A common theme in these untrustworthy tweets is that these MMTLP holders will trade in their shares for MMAT…

Could they be telling us their gameplan for the next pump?

It’s my sworn duty to expose promoters for the liars they are…

Penny stock promoters, & now Discord/Reddit promoters, lead newbies to believe it's good to follow others, but even those who made $ during this latest bubble are now learning the hard way that self-sufficiency is the key to lasting not fleeting success. NEVER RELY ON ANYONE ELSE

— Timothy Sykes (@timothysykes) January 27, 2022

But promoters help prop up the crappy stock they pump. They don’t want it to fall apart before the promotion is over.

That helps panic dip buy traders like me.

MMAT has already been profiting off of the attention, gaining 300% during MMTLP’s run. That’s impressive — but don’t take your eyes off the end game.

Pumps happen so that a stock’s share price rises. One way a pump sometimes ends is through a new share offering.

MMAT is no stranger to this tactic — the nanotech company has added 290 million shares in the past year-and-a-half. And its 320 million share float will prevent promoters from claiming that MMTLP’s supposed short squeeze is coming to MMAT.

MMAT will drop again, and there will probably be some trades on the way down.

6. Vision Energy Corp (OTCQB: VENG) — A Penny Stock Reinventing Itself

My sixth green energy penny stock pick is Vision Energy Corp (OTCQB: VENG).

Challenge students know this stock as VIHDD, the ticker it traded under until December 7.

During the six weeks it’s been on watch, it’s climbed as high as 600%. But it’s done so on dismal volume.

The 200,000-ish shares it trades on a typical day makes for very little volatility… until it panics, and this lack of liquidity means that it’s hard to get executions. It’s had two such panics during this run.

My students cashed in on the second one…

Congrats to my https://t.co/GzKdGBYi7C students NAILING this play LONG and short: Quickbags: 2400 @ 18.10, covered @ 10.4 on $VIHDD Tim its been a unreal journey, but I just passed 500k in trading profits with my $VIHDD trade! EmSi: Thanks for the alert $VIHDD! In 9.25 Out 14.19 pic.twitter.com/kfotX1mw0u

— Timothy Sykes (@timothysykes) November 15, 2022

VIHDD bounced from the $8s to the $15s so fast that I couldn’t get my complete order executed. I made a $40 profit on a very small position (starting stake $799.50).

The company is working on a green energy project in the Netherlands with Linde Engineering, a subsidiary of multinational chemical company Linde (NYSE: LIN). VENG estimates that the project will cost about $460 million — but they only have $5.5 million in cash on hand. Can you guess where the remaining money will come from?

That’s if this project even gets off the ground. Stick to the facts on its chart. I’m waiting for the next panic.

7. Renewable Innovations Inc. (OTCQB: NBLD) — The Reverse Merger Penny Stock Supernova

My seventh green energy penny stock pick is Renewable Innovations Inc. (OTCQB: NBLD).

The best sign of what looks like a very hot market in 2023 are OTC supernovas like NBLD. This reverse merger transitioned NBLD from real estate digital media to hydrogen fuel cell and renewable power generation…

More importantly, it caused the stock to spike from $0.08 to $3.72 in 2 days! That’s 4,600%.

I traded it for overall gains of $1,436 in the first few days of its run. I struggled with executions — it wasn’t doing much volume, and was moving fast… And the day it had the most perfect bounce was a day that I was flying. It had a quick 80% bounce off a panic at the open. Absolutely perfect and rare.

NBLD probably won’t deliver on its initial promise, despite the big talk in its press releases and a market that is hungry to hear it. But it might stay in play in the future.

Even if it doesn’t have another run like this, this chart is something that every single penny stock trader should memorize. It’s crazy how well NBLD fits the patterns I teach.

Are Clean Energy Stocks Worth Watching?

Clean energy stocks are worth watching, just like stocks in other sectors. I maintain watchlists in multiple sectors, so I’m always prepared when one of these sectors gets hot.

I recommend you do the same and keep sector-specific lists of penny stocks. Organizing your preferred stocks into watchlists helps you prepare for stocks to trade when you spot unusual volume or news catalysts.

I also keep a NO-COST penny stock newsletter if you’re curious about which green energy stocks I watch weekly. As always, these aren’t buy recommendations. Self-sufficient traders watch more than they trade.

Subscribe to my NO-COST weekly stock watchlist here!

When to Buy Clean Energy Penny Stocks

As I’ve said time and time again: I react to the market, I don’t try to predict it. Predicting stock movements is for fraudsters, and you won’t be able to adjust if your prediction is wrong. Learn a stock’s patterns and history — and be ready to cut losses quickly when you’re wrong.

Learn more about buying penny stocks and all things trading in my Trading Challenge! Here, I share the knowledge earned during my 20-plus years in trading to help you become a self-sufficient trader.

Here’s what you get from the Challenge:

• Interactive webinars with me and my top students
• Over 7,000 video lessons
• Access to my community chat room
• So much more!

Are there green energy stocks you’re keeping an eye on? Let me know in the comments!

Green Energy Penny Stocks Watch List 2023 FAQs

How do I trade green energy stocks?

You trade green energy stocks just like any stocks — keep a close eye on their news and react to chart movements. Always do your due diligence and study the stock’s history and chart to ensure you make the right trades.

What are the best energy stocks to trade?

There’s really no “best” energy stock to trade because circumstances change and prices move. However, you can keep a watchlist of your preferred energy companies and monitor each of them closely. When you see a potential run or signs of price swings, then it’s time to get into a trade.

You don’t have to track stock movements manually, either. Use a stock screener platform like StocksToTrade to improve your tracking abilities and spot trading opportunities earlier.

Try StocksToTrade’s 14-day trial and get a taste of its features — just $7!

Can you get rich quickly with penny stocks?

You can get rich with penny stocks, but not necessarily quickly. Penny stock trading is a great way to build your trading account, knowledge, and experience — all things you need to become a successful and smart trader.