Sustainable Stocks After the Crash: Opportunities for Tomra Systems and Enphase Energy

Sustainable Stocks After the Crash: Opportunities for Tomra Systems and Enphase Energy

According to a report by www.aktienwelt360.de,

Sustainable stocks are facing difficult times as many of them are struggling with profitability issues. Nevertheless, the megatrend of sustainability remains intact. Two potential winners in this space are Tomra Systems and Enphase Energy.

Tomra Systems, a company from Norway, has built a monopoly-like position in bottle recycling. Despite price losses of around 40% in the current year, sales rose by 11.4% to NOK 3.5 billion in the third quarter of 2023. The company is well positioned to benefit from growing environmental awareness and recycling trends.

Enphase Energy, a US company specializing in the development of microinverters, has seen its share price fall by around 65% this year. Despite short-term problems, the long-term growth prospects are promising as the company positions itself as a key player in the energy transition.

Despite temporary price declines, long-term investors should keep an eye on these sustainable stocks. A possible market recovery could give them a boost after the crash, provided the long-term potential of these companies remains there. However, the risks currently outweigh the risks due to the still high valuations.