Home Entrepreneur Top renewable energy stocks to buy today? 4 names to watch

Top renewable energy stocks to buy today? 4 names to watch


April 19, 2021

6 minutes of reading

This story originally appeared on Stock market

Do you have these top renewable energy reserves on your watch list?

Some people will say that 2020 is a banner year for Renewable energy reserve. Even now, you could argue that they are among the most active stocks out there stock market. Let’s Sunrun (NASDAQ: RUN) and SunPower (NASDAQ: SPWR) For example. Shares of both companies are making a larger 280% gain over the past year and continue to follow a generally positive trend. Specifically, the biggest wind for the industry came when Joe Biden was elected as the new president of the United States. With Biden’s emphasis on dealing with climate change, I can understand the hype. Since November, the US has re-joined the Paris Climate Agreement and continues to invest heavily in the clean energy sector.

In fact, just last week, US Treasury Secretary Janet Yellen met with environmental groups to discuss zero-net initiatives. Essentially, Yellen cites the proposed corporate tax increase as a means of supporting the aforementioned initiatives. This will be the case because the proposal suggests diverting fossil fuel subsidies to the clean energy sector. Therefore, it is understandable that investors will consider renewable energy to be the top choice on the stock market today. Here are four renewable energy stocks that might be worth a look at right now.

Best renewable stocks to watch this week

Clean Energy Fuel Joint Stock Company

Clean energy is the leading supplier of clean fuels to the transport market. Through the sale of renewable natural gas (RNG), which is derived from bio-methane gas generated from the decomposition of organic waste, Clean Energy enables thousands of means of minimizing greenhouse gases . The company may also supply RNG through compressed natural gas or liquefied natural gas to its network of refueling stations across the United States. US shares of CLNE were up more than 14% at the open today and are now trading more than 9% at $ 12.15 at 3:25 pm. ET. Investors appear to be reacting to the company’s press release today.

Source: TD Ameritrade TOS

In it, Clean Energy signed an agreement with Amazon (NASDAQ: AMZN) to provide low and negative carbon RNG. Fuel will be provided at 27 existing Clean Energy refueling stations and 19 new or other non-exclusive Clean Energy refueling stations. These 19 stations will be built by Clean Energy by the end of this year. Finally, these new and existing stations will deliver RNG in 15 different states across the US With this exciting news, would you consider the stock of CLNE?

First Solar Inc.

First Solar is a manufacturer of solar panels and a supplier of utility-scale PV power plants. It also provides support services that include finance, construction, maintenance, and end-of-life panel recycling. The company’s integrated power plant solutions offer an attractive economically attractive alternative to fossil fuel power generation today. FSLR shares are currently trading at $ 80.39 at 3:26 p.m. ET and have almost doubled over the past year. Today, Citigroup analyst JB Lowe upgraded First Solar to a buy rating with a price target of $ 100 from $ 88. In particular, Lowe sees many positives ahead of the company, including the possibility of a 10-year solar tax credit extension.

leading renewable energy stock (FSLR stock)
Source: TD Ameritrade TOS

Last week, the company announced that their next-generation photovoltaic (PV) technology, Series 6 CuRe (Replacement Copper) has the industry’s lowest guaranteed degradation rate at 0.2% each. year. This unprecedented degradation rate is up to 60% lower than conventional crystalline silicon products and ensures that the module will retain at least 92% of its original performance by the end of the 30-year warranty. This could drive demand for First Solar products due to their durability.

This is truly a product that offers more in every way,According to Georges Antoun, Commercial Director of First Solar. “Series 6 CuRe is built on customer needs. It not only delivers higher efficiency, but also fast installation with lower structural costs, industry-leading quality, reliability and durability, as well as a level of traceability and transparency. peerless white.“With that in mind, do you consider FSLR stock to be the top renewable energy stock to watch?

NextEra Energy Inc.

NextEra is a leading clean energy company headquartered in Florida. The company that owns the Florida Power & Light Company, is the largest regulated electric utility in the US Furthermore, Florida Power & Light serves more than 5.6 million customer accounts and supports over 11 million residents. people all over Florida. NEE shares are currently trading at $ 79.68 at 3:26 p.m. ET. Today, the company announced that it will buy wind properties from Brookfield Renewable (NYSE: BEP).

Best Renewable Energy Stocks (NEE stocks)
Source: TD Ameritrade TOS

In particular, the company will acquire a 391 megawatt (MW) portfolio of four operating wind assets from Brookfield Renewable for $ 733 million. In addition, this is also in line with NextEra’s strategy of investing more in renewable electricity generation. The share of renewables in energy production worldwide is now close to 30% and NextEra is well-positioned to enter the renewable energy industry.

Finally, along with the Biden administration’s plan to get all of the nation’s electricity from clean energy sources by 2035, companies like NextEra will play a pivotal role in making this plan a reality. real. Would you consider adding NEE stock to your watch list for these reasons?

Enphase Energy Inc.

Last but certainly not least, we have Enphase Energy Inc. In short, the company is a leader in the solar technology business. Enphase designs and manufactures software-based home energy solutions. These items help homeowners monitor and control their solar generating system. With the United States moving towards net zero emissions, Enphase services could grow more viable over time. Therefore, ENPH shares could be in the sights of investors right now. Likewise, the company’s shares have more than tripled in value over the past year. Given its current position in the renewable energy market, can ENPH stock grow even more this year?

best renewable energy stocks to buy now (ENPH ​​stocks)
Source: TD Ameritrade TOS

For one thing, Enphase has always been busy on the international front. Earlier today, there was news of the company’s latest partnership with Transdev, a multinational shipping operator, in Australia. Specifically, the duo are working to power Australia’s first electric bus, and Enphase will provide the necessary technology.

Furthermore, Transdev is looking to electrify the entire public transport network in Australia. Without a doubt, this is an amazing play by Enphase, given the scale of the current project. Could this make ENPH stock worth a look now?

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