) doodle for the day says it all. A hummingbird appears, followed
by a couple of sleepy monkeys looking for warmth in the midst of
snow. Other eye-catching images follow, together heralding the
coming of Earth Day. Celebrated for the first time in 1970, this
annual event promotes environmental conservation initiatives.
Origin and Impact
Proposed on the international stage noted peace activist John
McConnell, this annual event was first held in the U.S. on this
day in 1970. Founded by Senator Gaylord Nelson, the event gained
international recognition in 1990 as the result of the efforts of
That year, the day was observed in 141 nations with several
events organized through the day. Several communities now
celebrate Earth Week, where events centered on the environment
are held over an entire week.
Corporate Initiatives: Apple Takes the Lead
) has taken the lead on environmental initiatives among U.S.
companies this Earth Day. The iPhone maker has launched a program
to recycle its used products for free. It has also promised to
utilize renewable energy sources for its offices, stores and data
This move is aimed at portraying the company as one taking
affirmative action to reduce the negative environmental impact of
its gadgets and Web services. Massive data centers, a result of
the cloud computing push, consumes large amounts of
In fact, cloud computing services consume more power than
China, Japan, Russia, India and the U.S., according to a report
from Greenpeace. The environmental organization has applauded
Apple for its environmental efforts.
Top Green Power Users
This week, the Environmental Protection Agency (EPA) released
its national top 100 list of the largest green power users who
are part of the Green Power Partnership. Green power is defined
by the EPA as "those renewable energy resources and technologies
that provide the highest environmental benefit." This partnership
is a voluntary commitment as per which organizations purchase
green power or generate it on-site. For its part, the EPA offers
technical support and advice to such companies.
The latest list features
) at the top, followed by
Whole Foods Market, Inc.
) and Google. The total green power usage of those participating
in the program adds up to around 24 billion kilowatt-hours.
Renewable Energy Providers and Recyclers
The report from the EPA as well as evidence from Greenpeace
implies that the use of environment friendly energy sources and
recycling activities are poised to increase significantly.
Greenpeace's praise for Apple's initiatives shows that this is
not just a positioning strategy but a genuine initiative.
Below we present three stocks which are poised to benefit from
the increase in demand for clean energy as well as recycling
activities, each of which also has a good Zacks Rank.
Canadian Solar Inc.
Canadian Solar Inc.
) is a vertically-integrated manufacturer of silicon ingots,
wafers, cells, solar modules (panels) and custom-designed solar
power applications. The company designs, manufactures and
delivers solar products and solar system solutions for both
on-grid and off-grid use to customers worldwide. The company was
incorporated in Canada in 2001.
Canadian Solar operates through eight wholly-owned
manufacturing subsidiaries. Canadian Solar is a leading
photovoltaic supplier with over 5 gigawatt (GW) delivered in 70
Canadian Solar holds a Zacks Rank #1 (Strong Buy) and has
expected earnings growth of 336% for the next financial year. The
forward price-to-earnings ratio (P/E) for the current financial
year (F1) is 7.22.
Green Plains Renewable Energy, Inc.
Green Plains Renewable Energy
) is North America's fourth largest ethanol producer, operating
six ethanol plants in Indiana, Iowa, Nebraska and Tennessee with
a combined expected operating capacity of 480 million gallons of
ethanol per year.
Green Plains also operates an independent third-party ethanol
marketing service that currently provides marketing services to
its affiliated plants as well as three third-party ethanol
producers with expected operating capacity of 305 million gallons
Currently the company holds a Zacks Rank #1 (Strong Buy) and
has expected earnings growth of 137.4% for the next financial
year. It has a P/E (F1) of 12.51.
Vertex Energy Inc.
), formerly World Waste Technologies Inc, is a development-stage
company formed to develop, design, build, own and operate
facilities, which employ systems and technologies designed to
profitably convert municipal solid waste into usable commodities
Based in Cupertino, California, Vertex Energy also operates as
a consolidator, refiner, and re-refiner of petroleum streams in
the United States. Its petroleum streams include used oil,
transmix, fuel oils, and off-specification commercial chemical
Apart from a Zacks Rank #1 (Strong Buy), Vertex Energy has
expected earnings growth of 46.6% for the next financial year. It
has a P/E (F1) of 12.64.
The programs implemented by several companies show that their
commitment to the environment is not limited to Earth Day alone.
The beneficial effects of these initiatives are more than
apparent now. This is why these stocks would be good choices, for
you and for the Earth.
APPLE INC (AAPL): Free Stock Analysis Report
CANADIAN SOLAR (CSIQ): Free Stock Analysis
GREEN PLN RENEW (GPRE): Free Stock Analysis
INTEL CORP (INTC): Free Stock Analysis Report
KOHLS CORP (KSS): Free Stock Analysis Report
MICROSOFT CORP (MSFT): Free Stock Analysis
VERTEX ENERGY (VTNR): Free Stock Analysis
WHOLE FOODS MKT (WFM): Free Stock Analysis
To read this article on Zacks.com click here.