The renewable energy space has grown at an impressive pace in recent times and considering the possibilities of the future, it has also attracted investors to a fair degree.
One of the renewable energy stocks that investors could consider looking into at this point is that of Ideanomics (NASDAQ:IDEX). The company has managed to grow its business through mergers and strategic acquisitions. As a result, it has a presence in a wide range of niches in the renewable energy industry.
In order to get a better idea about Ideanomics’ operations, it is necessary to take a look at some of the recent deals the company made. Recently the company further raised its ownership stake in the California-based battery-powered tractor designing firm Solectrac. On the other hand, the company also picked up a majority stake in the sales and distribution business of the Malaysia-based electric vehicle firm Treeletrik. These are moves that signify that investors who are looking for options in the renewable energy space might consider putting Ideanomics into their watch lists.