Green energy companies top retail investment list in 2019

Renewables Infrastructure, Global Clean Energy, ITM Power and Greencoat among most popular


Stockbroker Freetrade has reported that four of the 10 most invested-in stocks and exchange-traded funds (ETFs) on its app this year were green energy companies.

Sirius Minerals topped the list of the 10 most bought stocks among Freetrade’s 80,000 customers in 2019, followed by Lloyds in second place and Renewables Infrastructure, a British investment trust, in third place.

In fourth and fifth places on the list are the S&P 500 ETF and Texas-based waste-to-energy company Global Clean Energy respectively, followed by clothing retailer Boohoo, the FTSE 100 ETF and Alliance Pharma.

ITM Power, which designs and manufactures hydrogen energy solutions, was the ninth most-bought stock by Freetrade customers in 2019, with renewable infrastructure fund Greencoat UK rounding out the top 10.

Adam Dodds, chief executive of Freetrade, said: “The growing push for action over climate change isn’t just confined to the political arena.”

Freetrade reported that its average customer is 30-years-old and that more than 85 per cent of its customer base is under 40.

Dodds added: “Our overwhelmingly millennial customer base has invested heavily in ESG stocks, with over ​20 per cent​ holding green energy stocks today.

“That’s a big jump from the ​4.6 per cent​ we saw earlier this year.”

He called it a “win-win situation”, adding that “investment in green energy is positive for the environment and for investors that stand to make substantial gains from this nascent industry”.

Freetrade, which launched in 2017 and closed a $15m Series A fundraising round in October, is set to enter Europe in early 2020.


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