The idea of “going green” seems to be catching on these days and it’s not just the hippies and tree-huggers taking part in it anymore.
Companies like Enviva Partners (EVA) have hopped on the bandwagon and made it a point to develop a cleaner energy alternative to fossil fuels as a way to reduce greenhouse gasses.
And it’s working!
Because of the company’s success, stock prices are rising and this recent insider activity that I picked up on gives every indication that things will stay that way for the time to come.
Here’s everything you need to know about the $49,999,988 EVA trade that happened behind the scenes and what it means for you as an investor.
Earlier this week, the director of Enviva Partners purchased 1,681,237 shares of EVA for $29.74 each.
That’s close to $50 million dollars’ worth of stock!
To say the least, this level of insider trading is a bullish sign for investors.
But even without any knowledge of this massive market buy, Enviva seems to be doing pretty good for itself.
Just take a look at the chart below.
Give or take a few dips here and there, Enviva values have been trending up for years now.
Just to give you an idea of what kind of movement we’re up against, shares have already increased more than 23% this year alone and about 271% since its IPO back in 2015.
The S&P 500 index can barely even pull in 7% or so annually.
Considering we’re only 4 months into 2019, I’d say EVA’s double-digit price hike is something that’s worth mentioning.
And when you pair that with the MILLIONS of dollars that were just poured into Enviva from the inside, it paints a pretty picture from both a financial and environmental standpoint.
From here on out, this $49,999,988 purchase is expected to do nothing but push stock values even higher.
Enviva is already known for making an effort to replace coal with wood pellets.
In fact, the company has singlehandedly reduced the carbon footprint of power plants that run on coal by as much as 80%!
On top of that, Enviva has plans to expand its wood pellet production plants into North Carolina and Virginia, meaning you should expect this percentage to go up even more.
You can’t really beat making money off a company that’s helping make the world a better place either…
If you’re searching for a profitable investment to add to your portfolio, then Enviva may be your best bet.
Not only does it have the technical and insider activity to back it, but the company itself has the right mindset in terms of “going green”.
