Jan 26, 2025
The renewable energy boom just got a tech-powered boost, and investors looking for opportunities outside of oil and gas should definitely pay attention.
As a global leader in energy software, Calgary, AB-based Peloton recently announced its entry into the renewables sector with cutting-edge land data management solutions.
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This strategic move positions the company as a key player in the push toward a sustainable future, offering tools that promise to streamline operations for solar, wind and other green energy projects.
For investors looking for the next big opportunity in clean energy, Peloton’s announcement is a call to pay attention.
Tools for a sustainable future
Using the Peloton software, companies get real-time insights and streamlined operations which allows firms to visualize land agreements, identify potential issues, ensure regulatory compliance and optimize efficiency — all of which are key concerns for stakeholders managing renewable energy infrastructure.
Mike Kennedy, vice president of LandView Business Development, emphasized the transformative potential of the Peloton platform: “Our cloud-first SaaS solution revolutionizes operations by layering agreement data with public and private datasets, enabling confidence at scale.”
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Why investors should pay attention
The renewable energy market is projected to grow rapidly as countries aim for decarbonization. This global focus is creating opportunities for companies like Peloton — firms that will help renewable energy producers to meet rising demand for infrastructure management.
According to the International Energy Agency (IEA), global investments in renewable energy surpassed USD$1 trillion in 2023. Peloton's focus on operational efficiency positions it well to attract clients navigating this expanding sector.
Adding Peloton to your portfolio
Peloton performance in recent years reflects ithe company's resilience and adaptability. While the company faced headwinds during the pandemic, the firm’s earnings increased by 15% since 2022, according to MarketWatch. This pivot towards renewable energy could drive further momentum for the company, especially as it aligns with global sustainability goals.
Investors interested in adding renewable energy to their portfolio could consider an exchange-traded fund (ETF) — a basket of companies focused on this market sector. Good options for Canadian investors include:
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Harvest Clean Energy ETF (TSX:HCLN)
- Overview: Provides exposure to 40 large clean energy companies globally, including firms in North America, Europe, Asia and New Zealand.
- Management Fee: 0.40%
- MER: 0.68%
- Dividend Yield: N/A
- Distribution Frequency: Annually
- Assets Under Management (AUM): $33.83 million
- 1-Year Performance: -16.06%
- Top Holdings: GCL Technology Holdings Limited, Plug Power Inc, Xinyi Solar Holdings Limited, Daqo New Energy Corp, First Solar, Inc.
BMO Clean Energy Index ETF (TSX:ZCLN)
- Overview: Seeks to replicate the performance of the S&P Global Clean Energy Index, investing in 100 clean energy companies worldwide.
- Management Fee: 0.40%
- MER: 0.40%
- Dividend Yield: 1.12%
- Distribution Frequency: Annually
- AUM: $74.2 million
- 1-Year Performance: -14.17%
- Top Holdings: First Solar Inc, Enphase Energy Inc, Iberdrola SA, Vestas Wind Systems A/S, Consolidated Edison Inc.
iShares Global Clean Energy ETF (TSX:ICLN)
- Overview: Provides exposure to companies involved in the production of clean energy from renewable sources globally.
- Management Fee: 0.42%
- MER: 0.42%
- Dividend Yield: 1.34%
- Distribution Frequency: Quarterly
- AUM: $222 million
- 1-Year Performance: -5.49%
- Top Holdings: First Solar Inc, Enphase Energy Inc, Iberdrola SA, Vestas Wind Systems A/S, Consolidated Edison Inc.
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Investing in the green transition
For retail and institutional investors alike, Peloton's foray into renewables highlights broader trends in technology-driven solutions for green energy. Companies offering innovative tools to enhance efficiency and compliance are positioned to thrive in an era of increased regulation and competition.
By focusing on renewable land management, Peloton is not only addressing an urgent industry need but also offering potential investors a glimpse into the future of sustainable energy operations. With strategic initiatives like these, the company could emerge as a key player in the shift toward a greener economy.
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Romana King is the Senior Editor at Money.ca. She writes for various publications, and her book -- House Poor No More: 9 Steps That Grow the Value of Your Home and Net Worth -- continues to be an Amazon bestseller. Since its publication in November 2021, this book has won five awards, including the New York CPA Society's Excellence in Financial Journalism (EFJ) Book Award in 2022.
