STOCKS TO WATCH

Analysts say many of the above stocks are well placed to continue riding the green energy megatrend, and other investments are continually emerging, many of them offshore. Here are some potential future winners

ETFS HYDROGEN ETF

Exchange-traded fund operators are launching thematic funds to tap into investor interest, and this ETF launched on the ASX on October 6 with a portfolio of 30 hydrogen stocks from around the world.

IGO

The company mines and processes minerals that are critical to clean energy, including lithium, nickel and copper, used to manufacture batteries and other storage devices.

NEW ENERGY SOLAR

The company’s shares have not reflected the solar boom like other green energy stocks. Sydney-based New Energy Solar has a market value of about $290 million and operates 14 solar projects in the US.

AGL ENERGY

The stock has been trading at 20year lows but next year will split into two, with new company Accel to hold its coal-fired power stations and AGL retaining retail and renewable assets.

FORTESCUE METALS GROUP

An iron ore mining giant is not your typical green energy stock, but its wholly-owned subsidiary Fortescue Future Industries is pushing hard in renewable energy and green hydrogen thanks to heavy funding from Fortescue.