As the world strives to combat climate change and reduce carbon emissions, many governments and companies are investing heavily in the development of renewable energy sources. Low-impact or naturally replenished renewable energy sources, such as wind, solar and water, are better for the environment since they do not emit greenhouse gases. As demand for renewable energy sources increases, many investors are looking to bet on the environment by investing in green energy stocks. Investing in green energy stocks allows you to invest money in companies focused on renewable energy sources, which many consider to be the future of energy.
With governments encouraging companies to expand renewable energy sources with clean energy credits, this could be the ideal time to start investing money in this area. Here are the top seven green energy stocks worth researching to invest in right now.
Brookfield Renewablegenerates electricity from hydroelectric, wind, solar and biomass sources. The company has a globally diversified portfolio of renewable energy assets and is taking a global leadership role when it comes to decarbonization. They are also investing in emerging technologies of the future, such as green hydrogen.
Rising fossil fuel prices and a greater focus on renewable energy sources have helped Brookfield to grow last year.
First Solaris one of the world's leading manufacturers of solar panels, so the company is ready to grow as demand for solar panels increases. The company manufactures thin-film solar panels and there is an enormous opportunity in solar energy right now because governments are planning to spend a significant amount of money on developments in this area. First Solar has been investing heavily to increase its solar panel manufacturing capabilities.
Plug Powerprovides alternative energy technology by focusing on providing an end-to-end green hydrogen ecosystem, from production to storage. They use electrolyzers to produce green carbon-free hydrogen which is then transported from its plants to partners around the world with cryogenic trailers and mobile storage units.
The company created the first viable market for hydrogen fuel cell technology to help its customers decarbonize and they believe in a revolution to achieve the goals of zero net emissions, rather than simply working on a gradual change. It is worth noting that Plug Power has just announced that it has launched the first electrolyzer in history for the floating production of green hydrogen on the high seas.
Clearway Energyis one of the largest operators and developers of clean energy in the United States. The company is currently focusing on solar and wind generation projects and pays a dividend of 3.7%, so it is also attractive to dividend investors. With renewable energy sources diversified and earnings per share on the rise, many analysts have recommended taking a look at this action. It is becoming increasingly clear that the world is becoming green and that countries will continue to invest in renewable energy sources.
This means that many investors will be looking for companies in the field of renewable energy. With climate change becoming an increasing concern worldwide, socially responsible investment is on the rise. Many countries and companies will have no choice but to invest significant amounts of money in renewable energy sources. Green energy stocks should rise thanks to the clean energy incentives of the Inflation Reduction Act (IRA), along with the double catalyst of increased demand and reduced costs. While renewable energy is often seen as the future, there are still some doubts when it comes to investing in green energy stocks.
With that in mind, here are nine of the best green energy stocks for investors looking to take advantage of the growing trend toward sustainability. Brookfield Renewable, First Solar, Plug Power, Clearway Energy, NextEra Energy Inc., SunPower Corporation, TerraForm Power Inc., Pattern Energy Group Inc., and Hannon Armstrong Sustainable Infrastructure Capital Inc. are all great options for investors looking for green energy stocks with solid returns prospects for long-term investors. We'll also provide details on the top five renewable energy stock options and their incentives for investment: Brookfield Renewable, First Solar, Plug Power, Clearway Energy and NextEra Energy Inc. Each of these companies has a strong focus on green energy and offers solid returns prospects for long-term investors. The future of renewable energy is bright, and these green energy stocks are ready to take advantage of the growing trend toward sustainability. If you want to invest in energy stocks, you should consider these companies that are leading the decarbonization process.