3 Stocks for the Renewable Energy Revolution

These US companies are well-positioned for policy changes under a Biden Presidency and a shift to sustainable energy

Vikram Barhat 2 December, 2020 | 10:15AM
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Solar panels

While the pandemic has wrought global economic devastation, it has also provided humanity the opportunity to hit the reset button and plan for sustainable ways to do things, particularly in the energy sector.

Fortunately, the world’s transitioning to clean energy was well underway. Globally, low-carbon energy production represents about 16% of total production, of which 11.4% from renewables, and 4.3% from nuclear. However, in terms of power generation, a large component of the energy mix, more than a third of global energy (36.7%) now comes from renewable sources. Similarly, renewable electricity generation in the US now accounts for 17% of the total energy mix, according to the US Energy Information Administration (EIA). In fact, the US energy consumption from renewable sources surpassed coal energy in 2019.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Evergy Inc64.07 USD0.47Rating
First Solar Inc113.69 USD3.13Rating
NextEra Energy Inc86.01 USD1.17Rating

About Author

Vikram Barhat  is a Toronto-based financial writer specialising in investing, stock markets, personal finance and other areas of the financial services industry.