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

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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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Evergy Inc64.70 USD-0.17
First Solar Inc83.11 USD4.73
NextEra Energy Inc77.94 USD-3.22

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. 

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