#6 - Fortescue (OTCMKTS:FSUGY)
The world is shifting towards clean energy, but will still need to mine metals such as iron ore as part of that future. With a company like Fortescue Ltd. (OTCMKTS: FSUGY) you’re investing in both.
Fortescue is one of the world’s leading iron ore miners with nine consecutive years of meeting or exceeding its production guidance. However, the company is also taking steps to transform its business into a green hydrogen powerhouse. Green hydrogen is the only truly clean form of hydrogen. It’s also a key factor in Fortescue’s plans to fully decarbonize its operations by 2030.
FSUGY stock is down 38% in 2024. There is plenty of risk in this stock solely based on it being a mining stock. Adding in the hydrogen angle may make it unbuyable for some investors. But if you have a high risk tolerance, it could be worth buying shares of a stock with a dividend yield of over 11.4% as of this writing.
About Fortescue
Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It explores for copper, gold, and lithium deposits; and rare earth elements. The company provides port towage services; owns and operates rail and port facilities; and focuses on producing green energy and green hydrogen, including derivatives comprising green ammonia.
Read More - Current Price
- $23.72
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
