Ben Richards from Seneca Financial Solutions shares insights on three stocks to play the decarbonisation theme. He highlights Macquarie Group (MQG) for its leading green energy investment capability through infrastructure and asset management, including ownership of renewable energy assets like wind and solar farms. He views Macquarie as well-positioned in the green theme, with a resilient business model and an attractive dividend yield.
He also mentions a mining technology business called Imdex (IMD), which is involved in producing fluids, gyros, and other exploration tools. Imdex is well exposed to copper, a critical mineral needed for decarbonisation efforts. Richards sees Imdex as having strong earnings growth potential due to its R&D capabilities and a new suite of drilling products.
Lastly, Richards talks about Gallant Lithium (GLN), an undervalued lithium brine project in Argentina, set to enter the development phase soon. With low impurities and high-grade lithium resources, Gallant Lithium presents a potential takeover target and an opportunity for investors seeking pure play exposure to lithium production in the decarbonisation theme.
Watch the interview: Ausbiz – Three top stock picks to play decarbonisation