The renewable energy sector continues to show strong growth in the US and the rest of the world. This is due to the increasing demand for renewable energy sources, such as solar, wind, and geothermal, to reduce our dependence on fossil fuels. As such, renewable energy stocks have become an attractive option for investors who want to invest in the green energy revolution. In this article, we’ll look at the best renewable energy stocks to invest in 2023.
1. SunPower Corporation (SPWR)
SunPower Corporation is one of the leading US-based solar energy companies. The company designs, manufactures, and markets solar energy products and services for residential, commercial, and utility-scale customers. SunPower’s solar cells and panels are among the most efficient in the industry, and their products are used in over a million homes and businesses around the world. SunPower is also investing heavily in research and development to further improve their products and services. The company’s stock has been trending up over the past year, and it is expected to continue to rise in 2023.
2. First Solar (FSLR)
First Solar is a leading US-based manufacturer of photovoltaic (PV) solar energy modules. They have a long track record of success in the solar energy industry and are a trusted name in the industry. First Solar’s products are used in a variety of solar projects, from residential rooftop systems to large-scale solar farms. The company has a strong balance sheet and is well-positioned to capitalize on the growing demand for solar energy. Their stock has been trending up over the past year, and it is expected to continue to rise in 2023.
3. Brookfield Renewable Partners (BEP)
Brookfield Renewable Partners is a Canadian-based renewable energy company that owns and operates a portfolio of renewable energy assets, including wind, solar, hydro, and geothermal. The company has a long track record of success in the renewable energy industry and is a trusted name in the sector. Brookfield Renewable Partners has a strong balance sheet and is well-positioned to capitalize on the growing demand for renewable energy. Their stock has been trending up over the past year, and it is expected to continue to rise in 2023.
4. NextEra Energy (NEE)
NextEra Energy is one of the largest electric utilities in the United States. The company is focused on providing clean, reliable energy to its customers. NextEra is also investing heavily in renewable energy sources, such as solar and wind, to reduce their dependence on fossil fuels. The company’s stock has been trending up over the past year, and it is expected to continue to rise in 2023.
5. AES Corporation (AES)
AES Corporation is a leading US-based power company that owns and operates a portfolio of power plants around the world. The company is investing heavily in renewable energy sources, such as solar and wind, to reduce their dependence on fossil fuels. AES has a strong balance sheet and is well-positioned to capitalize on the growing demand for renewable energy. Their stock has been trending up over the past year, and it is expected to continue to rise in 2023.
6. Pattern Energy Group (PEGI)
Pattern Energy Group is a US-based renewable energy company that owns and operates a portfolio of wind, solar, and geothermal power plants in North America and Asia. The company has a long track record of success in the renewable energy industry and is a trusted name in the sector. Pattern Energy Group has a strong balance sheet and is well-positioned to capitalize on the growing demand for renewable energy. Their stock has been trending up over the past year, and it is expected to continue to rise in 2023.
7. NextEra Energy Partners (NEP)
NextEra Energy Partners is a publicly traded limited partnership formed by NextEra Energy, Inc. The partnership is focused on acquiring, owning, and operating renewable energy projects in the US. NextEra Energy Partners has a strong balance sheet and is well-positioned to capitalize on the growing demand for renewable energy. Their stock has been trending up over the past year, and it is expected to continue to rise in 2023.
8. Clearway Energy Inc. (CWEN)
Clearway Energy Inc. is a US-based renewable energy company that owns and operates a portfolio of wind, solar, and geothermal power plants in the US. The company has a long track record of success in the renewable energy industry and is a trusted name in the sector. Clearway Energy has a strong balance sheet and is well-positioned to capitalize on the growing demand for renewable energy. Their stock has been trending up over the past year, and it is expected to continue to rise in 2023.
9. TerraForm Power (TERP)
TerraForm Power is a US-based renewable energy company that owns and operates a portfolio of wind, solar, and geothermal power plants in the US. TerraForm has a strong balance sheet and is well-positioned to capitalize on the growing demand for renewable energy. Their stock has been trending up over the past year, and it is expected to continue to rise in 2023.
10. Abengoa Yield (ABY)
Abengoa Yield is a US-based renewable energy company that owns and operates a portfolio of wind, solar, and geothermal power plants in the US. The company has a long track record of success in the renewable energy industry and is a trusted name in the sector. Abengoa Yield has a strong balance sheet and is well-positioned to capitalize on the growing demand for renewable energy. Their stock has been trending up over the past year, and it is expected to continue to rise in 2023.
Conclusion
The renewable energy sector is continuing to grow at a rapid pace, and the demand for renewable energy stocks is expected to continue to rise in 2023. The companies listed above are some of the best renewable energy stocks to invest in this year. Investing in these stocks can help you benefit from the green energy revolution and potentially generate strong returns in the long run.
