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Sustainability and Waste Management Play Breakout Eyes Green.

The following companies may spring to mind when considering the top climate change stocks to buy: Tesla (TSLA), First Solar (FSLR), ChargePoint (CHPT), Enphase Energy (ENPH), and Clean Harbors (CLH). However, the leader in waste management and sustainability GFL Environmental (GFL), which is about to release a new product, may provide an opportunity to earn some green.

While Enphase and ChargePoint look for an opportunity to recharge, Tesla stock has raced right through its most recent buy zone. In the meanwhile, GFL and CLH shares enter the list of top performers in the Pollution Control sector.

In addition to Tetra Tech (TTEK), Heritage-Crystal Clean (HCCI), Republic Services (RSG), and Ceco Environmental (CECO), other top-rated peers in the waste management, sustainability, and overall climate change sector include them.

Out of the 197 groups IBD analyzes, GFL’s industry comes in at a mediocre No. 74.
GFL is a leading name in sustainability and waste management, according to Climate Change Watch

Even though GFL didn’t join Clear Harbors on this month’s list of the finest mutual funds’ new purchases, it has shown signs of institutional interest.

Shares of GFL stock are held by 33 funds with IBD ratings of A+ or A. The waste management and sustainability business is also owned by Fidelity Contrafund (FCNTX).

The Accumulation/Distribution Rating for GFL Environmental is B, suggesting that during the last 13 weeks, major investors have purchased more shares than they have sold.

Note how Wall Street’s profit projections for the 2020 IPO compare to those of its competitors despite a less-than-ideal 84 Composite Rating. Analysts anticipate a 94% increase in EPS this year.

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