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Are you interested in renewable energy stocks? These companies are leaders in the field of sustainable energy production and technology.
It has been investing in renewable energy companies seemed more like a charity than a smart investment decision. This is because, until recently, the cost of obtaining renewable energy was higher than relying on traditional energy sources.
But all of that is starting to change. Recent data from the International Renewable Energy Agency (Irena) show that almost two-thirds of solar and wind power plants built in 2020 can produce electricity cheaper than new coal. new coal-fired power plants.
In addition, the International Energy Agency (IEA) says there will be renewable energy sources cut coal as primary source of electricity in 2025.
Even with this march towards renewable energy, some investors may still be skeptical that renewable energy companies can invest well in the long run. To dispel this myth, keep in mind that the stocks on this list are growing fast and have returned almost 100% (and some have returned much more) in the last three years.
In fact, some renewable energy companies are finding their foundations in this fast-growing market, and investors who want to take advantage of – while supporting a more sustainable future – have a choice of solid investment opportunities.
Here are five renewable energy stocks that you should consider using immediately to take advantage of this inevitable shift towards renewable energy.
5 stocks of renewable energy to purchase for 2022
- SolarEdge Technologies
- SunPower Corporation
- Brookfield Renewable Partners
- ChargePoint Holdings
- NextEra Energy
SolarEdge Technologies (Nasdaq: SEDG)
- SolarEdge Technologies 09.30 NASDAQ: SEDG
- price: $ 351.58 (from the end of October 28, 2021)
- market capitalization: $ 17.905 billion
- Dividend yield: 0.00%
SolarEdge sells a variety of solar products for commercial and residential use, including smart solar cell modules, converters and energy storage.
The company has climbed the solar energy ladder in the last few years and is now one of the leading suppliers of photovoltaic (PV) inverters in the world.
The two largest markets for SolarEdge are Europe and the United States, which will allow the company to grow even more, as both parts of the world invest heavily in solar energy.
Not surprisingly, the pandemic negatively affected SolarEdge’s business, but the company still managed to increase sales throughout the year and invest in new products. Management said earlier this year that despite the pandemic, the company is “well positioned for 2021 and beyond. ”
Part of the optimism comes from the company’s shifts in the electric powertrain market through the SolarEdge e-mobility department. The company manufactures powertrains and electronics for e-motorcycles and commercial vehicles and in early 2021 was selected as a supplier of electric drive and batteries for new light commercial vehicles, European carmaker Stellantis is production.
Investors will be happy to know that SolarEdge is profitable and although it does not appear that its shares will continue to rise, the company’s shares have risen 664% in the last three years. let.
SunPower Corporation (Nasdaq: SPWR)
- Sun Power 09.30 NASDAQ: SPWR
- price: $ 32.48 (from the end of October 28, 2021)
- market capitalization: $ 5.374 billion
- Dividend yield: 0.00%
SunPower is a leading manufacturer of rooftop solar collectors and energy storage in the United States. For the past three years, it has been the number 1 commercial solar energy provider. The company also sells residential products and has a total housing base of 376,000 since mid-year. 2021.
Solar energy is accelerating in the United States, and over the past decade, Biden’s solar energy production has increased by 4,000% from about 2.5 gigawatts to more than 100 gigawatts of solar capacity. management.
At the height of the pandemic, SunPower may have fared better than some of its peers, as net revenue and adjusted EBITDA exceeded management guidelines. 2020. The company also expanded its margins and generated positive cash flow for the full year.
With the company’s strong financial position, SunPower CEO Peter Faricy said earlier this year that SunPower is “on track to meet our financial prospects for 2021 and is in a good position to drive growth and profitability in 2022 and beyond. ”
SunPower has already proven to be a key stakeholder for many investors in renewable energy stocks, as the company’s share price has risen 538% in the last three years let.
Brookfield Renewable Partners (NYSE: BEP) (BEPC)
- Brookfield Renewable Partners LP (NYSE: BEP)
- price: $ 40.39 (from the end of October 28, 2021)
- market capitalization: $ 18.377 billion
- Dividend yield: 3.01%
With a large portfolio of renewable energy assets, global reach and an attractive dividend, Brookfield deserves serious attention for investors in renewable energy stocks.
The company has almost 6,000 electricity generation facilities, which are mostly hydroelectric, but the company also has its hands in the field of solar, wind and energy storage.
Despite a difficult 2020 when sales fell and the company reported a loss, Brookfield executives said they “continue to expand our business as we look forward to decades opportunity… ”
Part of this opportunity comes from the huge 42,000 megawatts of business and assets of the company, which are not in development. Brookfield says all of its renewable energy production helps the planet avoid nearly 56 million tonnes of CO2 (CO2e) equivalent emissions each year – the equivalent of planting. almost one billion trees.
Not only is the company helping to save the planet, but Brookfield estimates that nearly $ 100 trillion will be spent over the next 30 years as countries transition to low-carbon alternative. It’s a very much an opportunity Brookfield is already seizing.
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ChargePoint Holdings (NYSE: CHPT)
- ChargePoint Holdings Inc. (NYSE: CHPT)
- price: $ 24.16 (from the end of October 28, 2021)
- market capitalization: $ 7.794 billion
- Dividend yield: 0.00%
ChargePoint is not exactly an energy company, but its business model is built on the idea that electric vehicles (EVs) are a more sustainable form of transportation and thus the future of the automotive industry.
The company has an extensive network of EV charging stations across the U.S. with more than 70% of the market to share. By mid-2021, ChargePoint had 118,000 charging stations worldwide and said that by 2025, that number could reach 2.5 million. This is an increase of over 2000%!
ChargePoint has a lot of potential for growth in Europe. The company has more than 5,400 charging outlets in Europe, and recently acquired an e-mobility company called mora · be. This acquisition will eventually give ChargePoint an additional 40,000 ports in Europe once the deal is reached closes.
Investors should be aware that ChargePoint is likely to face strong competition in the bottling market in the coming years. But his current leadership position, as well as his moves to expand his reach in Europe, could help make ChargePoint a good long-term investment.
The ChargePoint share price has risen by more than 118% in the last three years. let, and as the company expects more than half of the new cars sold in 2040, EV, it is likely to be able to look forward to more company.
NextEra Energy (NYSE: NEE)
- NextEra Energy (NYSE: NEE)
- price: $ 86.42 (from the end of October 28, 2021)
- market capitalization: $ 166.801 billion
- Dividend yield: 1.78%
Another key renewable energy player is NextEra Energy, which says it is the largest solar and wind power generator, operating at more than 17 gigawatts of power. And the company is in step with almost doubling that amount 2025.
NextEra boasts some pretty impressive sustainability statistics, including the fact that Florida Power & Light (FPL), a subsidiary of NextEra, has reduced oil consumption by 98% in the past decade.
Not only does the company use renewable energy to improve the environment, but this energy is also cheaper for many customers. The company said that in 2020, FPL energy costs for housing bills were about 30% lower than national on average.
NextEra spent more than $ 14 billion in 2020 to build new energy infrastructure and is just getting started. The company expects to spend between $ 50 billion and $ 55 billion in planned infrastructure spending by 2022. America.