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[ad_1] The post Sea Stock Dips Then Recovers on Q1 Earnings appeared first on Millennial Money. Southeast Asian tech giant Sea Limited (NYSE: SE) reported first-quarter earnings on Tuesday morning and investors were initially disappointed since the results missed expectations. The stock opened approximately 7% lower before recovering. As of 12:30 p.m. EST, shares were up 3%. Here’s how Sea fared in the first quarter. Triple-digit growth across the business Total revenue in the first quarter soared 147% to $1.76 billion, narrowly missing the consensus estimate of $1.81 billion in sales. That resulted in an adjusted net loss per share of $0.52, also slightly worse than the $0.46 per share in adjusted losses Wall Street analysts were modeling for. Sea’s Digital Entertainment business, which primarily includes mobile gaming, saw quarterly active users (QAUs) jump 61% to 648.8 million. Of those, 79.8 million were quarterly paying users, or roughly 12% of QAUs. Average bookings per user were $1.70, up from $1.30 a year ago. The company’s internally developed game Free Fire remains the highest grossing mobile game in several major markets, including Latin America, Southeast Asia, and India. Bookings in the Digital Entertainment segment came in at $1.1 billion. The e-commerce business saw gross merchandise volume (GMV) more than double to $12.6 billion, translating into $922.3 million in revenue. Gross orders increased 153% to 1.1 billion, and Sea’s Shopee platform was the top shopping app in Southeast Asia and Taiwan during the quarter when measuring average monthly active users and total time spent in the app.  While the two core businesses are putting up stellar growth rates, Sea continues to expand its Digital Financial Services offerings, with SeaMoney enjoying higher adoption. Total payment volumes for the company’s mobile wallet topped $3.4 billion, and quarterly paying users of Sea’s mobile wallet services were 26.1 million. Sea also disclosed that it issued 4.8 million new shares in recent months, between March 5 and May 10, in order to settle conversions related to outstanding convertible notes. That event will be dilutive, but also effectively extinguish some debt and will result in interest savings. The company now has 524.4 million shares outstanding. Ongoing uncertainties from COVID-19 Sea did not provide an update for its annual guidance due to ongoing macroeconomic uncertainties related to the COVID-19 pandemic. Many of Sea’s most important markets in Asia are grappling with worsening conditions and rising case numbers, particularly India. The company continues to closely monitor local trends, according to exec Yanjun Wang, and will provide investors with an updated outlook once Sea is ready. In March, Sea issued full-year 2021 guidance that calls for Digital Entertainment bookings of $4.3 billion to $4.5 billion, which represents 38% growth at the midpoint. The e-commerce segment should generate $4.5 billion to $4.7 billion in revenue this year. Pick Like A Pro Where to invest $500 right now Lots of new investors take chances on long shots instead of buying shares of great companies. I prefer businesses like Amazon, Netflix, and Apple — they’re all on my best stocks for beginners list. There’s a company that “called” these businesses long before they hit it big. They first recommended Netflix in 2004 at $1.85 per share, Amazon in 2002 at $15.31 per share, and Apple back in the iPod Shuffle era at $4.97 per share. Take a look where they are now. That company: The Motley Fool. For people ready to make investing part of their strategy for financial freedom, take a look at The Motley Fool’s flagship investing service, Stock Advisor. They just announced their top 10 “best buys now” across the entire stock market. Whether you’re starting with $100, $500, or more, you should check out the full details. Click here to learn more The post Sea Stock Dips Then Recovers on Q1 Earnings appeared first on Millennial Money. [ad_2] Source link

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[ad_1] The post Renewable Energy Stocks: 11 Green Energy Companies With Massive Upside Potential appeared first on Millennial Money. These stocks are investing in alternative energy and could make fantastic long-term bets in the renewable energy sector. Buying renewable energy stocks once seemed like something only the most environmentally conscious investors would do. But renewable energy is quickly becoming more prevalent and providing any investor with massive opportunities to benefit from this growing sector. Green energy skeptics may think that investing in the stocks is premature, but there’s compelling evidence that a historical energy shift is happening right now. Consider that: The International Energy Agency (IEA) says that renewable energy will surpass coal as the largest source of electricity by 2025  Installed renewable energy capacity will surpass natural gas’s 23% electricity market share in 2023  Many natural-gas-fired plants, which generate 38% of electricity in the United States, won’t be economically viable by 2030, according to data from IHS Markit Additionally, governments around the world are investing in and subsidizing alternative forms of power generation—including offshore wind, geothermal, solar power, battery technology, hydropower, biomass, etc.—to fight climate change. This is creating a massive opportunity for investors as the world shifts away from fossil fuels to clean energy. So let’s take a look at some top renewable energy stocks that could reward investors handsomely.  Top 11 Renewable Energy Stocks Tesla  BYD Co. Ltd ChargePoint Holdings  QuantumScape First Solar SunPower SolarEdge Technologies Brookfield Renewable Partners NextEra Energy  Bloom Energy   Atlantica Sustainable Infrastructure Electric Vehicle Stocks Why electric vehicle stocks should be on your radar:  Every major car brand already sells an electric vehicle (EV) or has plans to release one EVs will account for 26% of all new cars sold worldwide in 2030. By 2050, the percentage will rise to an astonishing 82% President Biden’s administration has set a goal of having 500,000 EV charging stations across the United States as part of his massive $2 trillion infrastructure plan Tesla (Nasdaq: TSLA) Tesla has already benefited from the EV trend and, arguably, helped start it. Elon Musk’s company has developed its own battery technology, which has been at the core of its EV success, allowing Tesla’s vehicles to have superior power and longer mileage ranges compared to the company’s competitors. Major automakers and a few small startups are trying to close the performance and mileage gap Tesla created, but Musk’s company has already established itself as the EV king. Tesla delivered 500,000 EVs in 2020 and the company accounts for nearly 80% of all EVs sold in the United States.  BYD Co. Ltd (OTCMKTS: BYDDF) China-based BYD makes electric vehicles for the Chinese market—along with trucks, buses, and monorails—and in 2020 the company sold an impressive 130,000 electric cars.  You may not have heard of BYD before, but if you’re looking for some evidence that the company is worth your attention, consider that Warren Buffet’s Berkshire Hathaway (BRK.A) (BRK.B) has owned its stock since 2008 and now owns 8% of the company.  Why does BYD deserve investors’ attention? Because in 2020 sales of EVs in China accounted for 41% of the global EV market. Meanwhile, U.S. EV sales made up just 2.4%. That’s great news for BYD as the company grows and as China continues to build out its EV market.  ChargePoint Holdings (NYSE: CHPT) Let’s shift gears (like what I did there?) and focus on another EV-related technology that may not be as flashy as all-electric vehicles, but is critical to their survival: charging stations.  EVs are only as good as the batteries inside of them and the availability of charging stations. So the world is going to need a lot of them very soon. And that’s where ChargePoint Holdings comes in. The company currently holds 70% of the North American charging station market (for stations with 240V power).  But even with that leading position, the company believes there’s plenty more room to grow. Management says that it will reach 2.5 million charging stations by 2025, an increase of 50 times what the company had in 2018. ChargePoint isn’t just great because its stations dominate in the United States, but because they’re also expanding in Europe. That could be a key market for ChargePoint considering that the European Union was the No. 1 EV market in 2020.  With the company anticipating that EVs will account for more than half of all new cars sold in 2040, ChargePoint is preparing for an all-electric future now.  QuantumScape (NYSE: QS) We can’t talk about alternative energy stocks without quickly mentioning one company trying to develop even newer alternative energy batteries: QuantumScape.  The company is developing lithium-metal batteries which would be an improvement over the current lithium-ion batteries used by many EV makers. While QuantumScape hasn’t released any commercial products yet, it has secured the world’s second-largest automaker, Volkswagen (VWAGY). Volkswagen has invested $200 million in the company, half of which was recently given to QuantumScape after the company met technical milestones that Volkswagen helped set.  While QuantumScape is more of a speculative clean energy stock than others on this list, the company’s work with Volkswagen shouldn’t be overlooked. The German automaker sold 9.3 million vehicles worldwide in 2020 and estimates that by 2030, 70% of its vehicles sold in Europe will be electric, and 50% of those sold in the United States and China.   Solar Energy Stocks Why solar energy stocks have upside potential: Global annual solar installations will increase 30% in 2021 Solar power will surpass wind energy in 2040 as the largest source of renewable power generation in the United States, according to the U.S. Energy Information Administration First Solar (Nasdaq: FSLR) Solar panels aren’t a new technology, but First Solar is at the forefront of innovative solar panel modules, which could give it a long-term advantage over its competitors.  First, the company uses its thin-film technology in its panels to create more energy compared to traditional modules, and the company says its panels function better in hot climates and humidity. In addition,

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[ad_1] Truce calls mount as Israel-Palestinian conflict rages on, two Thai workers killed [ad_2] Source link

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