How An 85-Year-Old Project Kickstarted The $30 Trillion ESG Boom
FN Media Group Presents Oilprice.com Market Commentary
London – February 18, 2021 – Over 85 years ago, America undertook one of the most ambitious projects in our nation’s history, and it helped launch the creation of $30 trillion in ESG assets. Mentioned in today’s commentary includes: NextEra Energy (NYSE:NEE), Bloom Energy Corp. (NYSE:BE), FuelCell Energy (NASDAQ:FCEL), Workhorse Group (NASDAQ:WKHS), Ford (NYSE:F).
At the time, they planned to build a dam to help deal with massive flooding issues…But this ended up providing green electricity to millions of people across 3 states in the process. And today, Biden could be set to take a page from this American success story, creating the next crown jewel of American infrastructure.
It could provide thousands of jobs and fundamentally alter the energy sector as we know it. And while the Hoover Dam created electricity for hard-working folks across 3 states, Biden’s new plan could provide clean energy to Americans across the country.
The plan to build 550,000 electric vehicle charging stations is the biggest clean energy investment since the Great Depression. And that’s after the EV markets have already been on a tear.
Tesla, the electric vehicle kingpin, soared 740% in 2020…And companies like Blink Charging and Plug Power have jumped over 1,000% during that time…All during the darkest period our economy has seen in over a decade. But the industry that Tesla took to the mainstage in 2020 could see even greater gains in the days ahead.
Yahoo Finance says, “Biden’s green vehicle initiative lifts EV makers.”
CNET touted, “Biden administration promises an EV era, new world for the auto industry.”
And the National Geographic reported, “We may one day look back at the Biden presidency as the beginning of the end of gasoline-powered cars and trucks in the United States.”
In the coming months and years, it could lead to the biggest transformation in our energy infrastructure since the Hoover Dam. And one little-known company has been paving a path for its own green energy future in 2021: Facedrive (FD,FDVRF).
In 2020 alone, they managed to ink major agreements with A-list celebrities like Will Smith and Jada Pinkett Smith… the Canadian government… and even Big Tech juggernauts like Amazon. This is probably why shares have soared an incredible 834% over the last year. But with a market cap of just $3.5 billion…They still have plenty of potential to grow as this major mega-trend could be a huge catalyst for EV related companies.
Here are 3 trends to watch as this movement gains speed:
1 – The Right Place At The Right Time
While the Biden administration is coming in with major plans for green energy, it’s coming at a time when seemingly everyone is jumping into electric vehicles.
Legacy automakers like Ford and GM have been making headlines for their new EV programs…But now, even Big Tech giants like Apple are reportedly trying to throw their hat in the ring.
This follows the broader push that’s being made across the markets for companies to reduce their carbon footprint and make more eco-friendly decisions. But Facedrive made their position clear when they established their“ people and planet first” philosophy years before others jumped on the bandwagon. That’s because the truth behind ridesharing’s environmental effects has put this corner of the market directly in the crosshairs of this clean energy push.
While rideshares like Uber and Lyft were expected to lower carbon emissions, recent studies show ridesharing actually produced nearly 70% more pollution. But through next-gen technology and partnerships, Facedrive is giving riders the option to make a more eco-friendly choice.
With Facedrive, users can hail a ride from an electric, hybrid, or gas-powered vehicle, all without paying an extra premium for the option. Once they get to their destination, the in-app algorithm kicks in, calculating how much CO2 was created during the journey. Then it sets aside a portion of the fare to plant trees, offsetting the carbon footprint from the ride. In other words, you ride, they plant a tree.
Drivers have some added incentive to make the switch too. The big names in ridesharing have been accused of price-gouging and taking over 50% of the cut for themselves at times. Facedrive (FD,FDVRF), on the other hand, lets their drivers keep -80-85% of the fare and 100% of their tips.
2 – Adding More and More Revenue Streams
2020 proved to be a difficult year for many in the ridesharing industry with all the government shutdowns and folks staying at home. But Facedrive found creative ways to grow their business by thinking beyond just ridesharing – building on the success of the technology boom. And it’s bringing in new customers through unexpected angles that are then exposed to their eco-friendly vision.
That’s because they’ve developed what they call “Facedrive Verticals.” In addition to their bread-and-butter ridesharing services, they’ve added several other services that fit into this “people and planet first” ecosystem.
For their Facedrive Social and Facedrive Food verticals, they’ve developed popular apps that are already taking off. Each of these new verticals has added to an incredible 2020 for Facedrive, bringing in revenue from more angles than anyone saw coming. And it’s all helping feed more customers into the ecosystem that’s built around green energy and eco-friendly solutions.
3 – The Snowball Effect is Growing
Facedrive’s already seen inked deals with government agencies and multi-billion dollar companies throughout the last year. And this has had a snowball effect in recent months, bringing additional diversity to this small company.
They recently acquired electric vehicle subscription company, Steer, from the largest clean energy producer in the United States for example. With Steer’s subscription model, customers no longer have to put tens of thousands of dollars down to get behind the wheel of an electric vehicle.
Instead, you can pay a simple monthly subscription fee like with Netflix…And it gives you access to your own virtual showroom, letting you take your pick between countless top EV models to drive.
This is helping Facedrive (FD,FDVRF) grow their green energy ecosystem by opening the door to customers who don’t necessarily just need a ride for the night, but may need a set of EV wheels for the month.
The ESG Boom Is Gaining Traction
NextEra Energy (NYSE:NEE) is another shining star in the renewable world. NextEra is the world’s leading producer of wind and solar energy, so it’s no surprise that it has received some love from the ‘millennial dollar.’
In 2018, the company was the number one capital investor in green energy infrastructure, and fifth largest capital investor across all sectors. No other company has been more active in reducing carbon emissions. And they’re just getting started. By 2025, the company aims to reduce their own emissions by 67 percent while doubling their electricity production from a 2005 benchmark.
Though its price movement hasn’t been as exciting as some of its competitors, it has remained on a consistent upward trajectory. In fact, long-term investors who bought in just 5 years ago would be sitting pretty on 300% returns. And the icing on the cake? It pays dividends.
Bloom Energy Corp. (NYSE:BE), for its part, designs, manufactures and sells solid-oxide fuel cell systems. And, yes, there’s been a ton of cash burn up to this point, but it’s heralding massive innovation–and that’s what tech startups are all about. Growth runways, not immediate profit.
That’s why we are willing to throw tons of money at our innovative future. Eventually, the narrative changes and for the successful companies, the cash burn stops and there starts to be payback for investors. Anyone who didn’t get in on time got left in the innovation dust. That’s what’s already happening with Bloom. Savvy investor patience is paying off. Bloom is now on track to be the first fuel cell maker to become cash-flow positive.
Thanks to Bloom’s forward-thinking approach to this burgeoning market, it has seen its share price soar from $7.88 at the start of 2020 to $32.97 at the time of writing. In the stock world, a more-than 300% return is never a bad thing. But as this sector grows, so to could Bloom’s market cap.
FuelCell Energy (NASDAQ:FCEL) is another alternative fuel stock that has turned heads on Wall Street. Up nearly 1000% since February 2020, FuelCell has been one of the biggest winners over the election season, with President Biden campaigning for a carbon-free America.
In fact, analysts even estimate the U.S. could spend as much as $1.7 trillion on clean energy initiatives over the next 10 years. And that’s great news for companies like Blink, Plug and FuelCell.
Though many expect FuelCell to return to earth in the short-term, its long-term trajectory is solid. It has spent years building a patent moat and developing solutions that will tie into the energy transition perfectly.
Workhorse Group (NASDAQ:WKHS) is somewhat of an outlier in the electric vehicle explosion. Because of its delivery-vehicle focus, it’s not necessarily a consumer-focused brand, but more of a business-to-business manufacturer. And that’s not a bad thing. Especially considering the future of this budding industry.
Though one of its recent but headline-grabbing deals with the United States Postal Service has been delayed, it’s still pulling a lot of high-value retail deals. And shareholders see that value, and more importantly its potential for long-term growth. Since January of this year, Workhorse has seen its stock price skyrocket from just $3.29 to today’s price of $32, representing a near 600% increase. The USPS delay on its orders aside, that’s still a pretty hefty return and sure to keep shareholders at bay for the time being. And analysts seem to agree.
Ford (NYSE:F) is a Detroit legend looking to jump on the electric vehicle boom. And while it suffered a major downturn last year, Ford is already bouncing back, with its stock price more than doubling since March 2020. They recently announced they’ll be boosting their spending on EVs to $27 billion through mid-decade.
This major investment includes plans of their own to create an electric cargo van and a plug-in version of their bestseller F-150 pickup truck. And this is just the beginning for the heavyweight automaker.
The most head-turning car in its arsenal, however, may just be its new take on its muscle car classic, the Mach-E Mustang. The affordable electric twist on the company’s iconic sportscar lives up to its name. The eye-popping nu-classic can go from 0-60 in just 3.5 seconds, with a range of approximately 300 miles per charge. It even has new tech including Active Drive Assist allowing drivers to operate the Mustang Mach-E hands-free.
By. Polly Danes
**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**
This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that the demand for ride sharing services will grow; that Steer can help change car ownership in favor of subscription services; that new tech deals will be signed by Facedrive and deals signed already will increase company revenues; that Facedrive will be able to expand to the US and globally; that Facedrive will be able to fund its capital requirements in the near term and long term; and that Facedrive will be able to carry out its business plans. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that riders are not as attracted to EV rides as expected; that competitors may offer better or cheaper alternatives to the Facedrive businesses; changing governmental laws and policies; the company’s ability to obtain and retain necessary licensing in each geographical area in which it operates; the success of the company’s expansion activities and whether markets justify additional expansion; the ability of the company to attract drivers who have electric vehicles and hybrid cars; and that the products co-branded by Facedrive may not be as merchantable as expected. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
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