Will Earth Day benefit these 7 environmentally friendly companies?

Will Earth Day benefit these 7 environmentally friendly companies?

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Will these 7 environmentally friendly companies see a boost from Earth Day-inspired awareness?

The first Earth Day was held in 1970, the result of a surging environmental movement that started to gain traction in the mid-20th century.

Launching the day in 1970 was no coincidence. The previous August, Cleveland's Cuyahoga river caught fire for the 13th time, catching notice of Time Magazine. The visibility and embarrassing extremes of the Cuyahoga's environmental woes are credited with giving rise to the mainstream environmental movement. 

After the fire, it was only a matter of time before Congress started to act. Earth Day was officially founded by Wisconsin Democrat and Senator Gaylord Nelson, who would go on to introduce the Clean Air and Water Act. 

Earth Day was conceived as an educational event, and so the day was chosen specifically to cater to college students. April 22 falls in between mid-terms and final exams, and the middle of the week was seen as less likely to conflict with other campus events. 

2014's extreme winter coupled with a landmark, UN sponsored investigation into the effects of climate change have made for a particularly visible Earth Day this year. The UN found that climate change has advanced more than previous estimates predicted, but it also estimated that the costs of alleviating climate change may be smaller than previously forecast.

Read more about eco-friendly ETFs here.

By some estimates, switching away from fossil fuels and coal entirely would only retard global growth by 0.06%.

In the event of new environmental legislation, companies that have already upgraded their technologies to be more sustainable will have a major advantage. We decided to build a list of stocks based on which companies had the highest environmental ratings from our partner CSRHub.

CSRHub measures corporate social responsibility. It scores companies based on things like governance, diversity, employee pay, and their impact on the environment. Scores range from 1-100, but the average environmental score is around 50.

We built a list of the 7 stocks that had an environmental rating of 80 or higher. 

Click on the interactive chart to view data over time. 

 These companies do their part to protect the environment. Will consumers reward their efforts? Use the list below to begin your analysis. 

1. Echelon Corporation (ELON, Earnings, Analysts, Financials): Develops, markets, and sells energy control networking solutions primarily in the Americas, Europe, the Middle East, Africa, and the Asia Pacific/Japan. Market cap at $119.67M, most recent closing price at $2.65.

CSR Environmental Rating: 86

 

2. Celadon Group Inc. (CGI, Earnings, Analysts, Financials): Provides transportation services between the United States, Canada, and Mexico. Market cap at $521.14M, most recent closing price at $22.49.

CSR Environmental Rating: 82

 

 

3. Pier 1 Imports, Inc. (PIR, Earnings, Analysts, Financials): Operates as an importer and specialty retailer of imported decorative home furnishings and gifts in the United States, Canada, and Mexico. Market cap at $1.81B, most recent closing price at $17.78.

CSR Environment Rating: 83

 

 

4. Fuel Systems Solutions, Inc. (FSYS, Earnings, Analysts, Financials): Engages in the design, manufacture, and supply of alternative fuel components for use in the transportation, industrial, and power generation markets. Market cap at $198.65M, most recent closing price at $9.91.

CSR Environmental Rating: 81

 

 

5. Chelsea Therapeutics International Ltd. (CHTP, Earnings, Analysts, Financials): Chelsea Therapeutics International, Ltd., focuses on acquisition and development of pharmaceutical products. Market cap at $381.10M, most recent closing price at $4.92.

CSR Environmental Rating: 88

 

 

6. GNC Holdings Inc. (GNC, Earnings, Analysts, Financials): Operates as a specialty retailer of health and wellness products. Market cap at $4.19B, most recent closing price at $44.26.

CSR Environmental Rating: 83

 

 

7. Weis Markets, Inc. (WMK, Earnings, Analysts, Financials): Engages in the retail sale of food in Pennsylvania and surrounding states. Market cap at $1.30B, most recent closing price at $47.92.

CSR Environmental Rating: 87

 

(List compiled by James Dennin. Monthly returns sourced from Zacks Investment Research, environmental ratings sourced from CSRHub.)

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