3 US Renewable Energy Stocks

These US companies could benefit from the vast spending on renewables and infrastructure announced by President Biden

Vikram Barhat 6 May, 2021 | 12:23AM
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Wind Farm

The need for carbon reduction and efforts to counter climate change have never felt more urgent. Leading from the front, the Biden administration is working with allies including Japan, Korea and Canada to boost carbon emission reduction targets, while considering policy options to meet that goal by 2030. 

A significant part of the effort to combat global warming is geared towards lowering dependence on fossil fuel and replacing it with renewable energy. A report from the International Energy Agency (IEA) forecasts renewables to account for 95% of the net increase in global power capacity through 2025, as cost reductions and sustained policy support continue to drive strong renewables growth. If you’d like to participate in the space, keep an eye on these stocks. 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Evergy Inc63.71 USD1.87Rating
First Solar Inc78.19 USD1.59Rating
NextEra Energy Inc74.33 USD1.43Rating

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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