Top 5 Renewable Energy Stocks for 2024

April 10, 2024

A rundown of the 7 best renewable energy stocks and ETFs to invest in this year

Best Renewable Energy Stocks

Best Renewable Energy Stocks for 2024

The world is going green, and the renewable energy revolution is picking up speed. Government support, the falling cost of renewable technologies, and a global push for sustainability are fueling explosive growth in this sector.

These renewable energy stocks offer investors a chance to ride the wave of innovation and potential profits in 2024 and beyond.

NextEra Energy, Inc. (NEE)

Dynamic Stock Chart for TICKER NEE

NextEra Energy is a giant in the renewable energy space and one of the largest utilities in the United States.

They have a massive portfolio of wind, solar, and energy storage projects, making them a powerhouse in the clean energy transition.

  • Diverse Operations: Involved in solar, wind, and energy storage.
  • Growth Track Record: Strong history of expanding its renewable energy footprint.
  • Dividend Payer: Offers income in addition to potential share price appreciation.

Brookfield Renewable Partners L.P. (BEP)

Dynamic Stock Chart for TICKER BEP

Brookfield Renewable Partners is a global leader in hydroelectric power, with a growing portfolio in wind, solar, and energy storage.

Their focus on long-life, high-quality assets offers investors potential for stable income and long-term growth.

  • Global Reach: Operates renewable energy assets across the globe.
  • Hydroelectric Base: Benefits from reliable and long-lasting hydroelectric power plants.
  • Focus on Growth: Actively pursues new acquisitions and development projects.

The New Digital America: How to Profit from the Historic Shift

Texas Oil Stock

A strange new day is coming to America in 2024. The way we shop, travel, communicate, and do business is being reshaped by emerging technologies like AI, blockchain, and cloud computing.

This digital transformation, accelerated by the pandemic, is creating an entire new class of wealth-building opportunities. Stocks that could soar 100% to 500% or more by taking advantage of this "New Digital America."

Legendary Wall Street analyst Marc Chaikin has developed a powerful system to pinpoint these future money-making stocks before the big money piles in. His proprietary "Power Gauge" uses 20 market factors to predict which under-the-radar stocks will be rated a BUY by Wall Street in the months ahead.

Don't miss your chance to get ahead of this massive wealth shift. Follow Marc's #1 stock pick for the New Digital America before it's too late.

Enphase Energy, Inc. (ENPH)

Dynamic Stock Chart for TICKER ENPH

Enphase Energy is a leader in solar microinverters and energy storage solutions.

Their technology plays a crucial role in making solar energy systems more efficient and reliable, positioning them well for growth in the residential and commercial solar markets.

  • Solar Innovation: Focus on cutting-edge microinverter and storage technology.
  • Market Expansion: Expanding into new product areas and global markets.
  • Rapid Growth: Impressive revenue growth in recent years.

First Solar, Inc. (FSLR)

Dynamic Stock Chart for TICKER FSLR

First Solar is a major manufacturer of thin-film solar panels, known for its advanced technology and focus on utility-scale solar projects.

The ongoing expansion of solar power generation globally creates a massive market opportunity for First Solar.

  • Technology Leader: Invests heavily in research and development.
  • Large-Scale Focus: Specializes in utility-scale solar power installations.
  • US Manufacturing: Benefits from domestic manufacturing incentives.

Plug Power Inc. (PLUG)

Dynamic Stock Chart for TICKER PLUG

Plug Power is a pioneer in hydrogen fuel cell technology. They offer hydrogen fuel cell solutions for forklifts, stationary power, and emerging applications in the transportation sector.

The long-term potential of hydrogen as a clean energy source makes Plug Power a high-risk, high-reward play.

  • Hydrogen Leader: At the forefront of the developing hydrogen economy.
  • Expanding Applications: Targeting multiple markets for hydrogen fuel cells.
  • Speculative Bet: Success hinges on the widespread adoption of hydrogen technology.

The Bottom Line

The renewable energy sector is booming, but like all investments, these stocks carry risks. Winners do their homework, understand the technologies and the companies, and never bet money they can't afford to lose.

Miss out on the clean energy revolution, and you might regret it as others profit from the future of power generation.

If you're looking to spread your money out to different Eco-friendly stocks, you can diversify with the following:

About the author 

Jenna Lofton, an expert in stock trading, investing, and financial planning, combines over a decade of experience with rigorous academic training. Holding dual MBAs in Finance and Business Administration from the University of Maryland, Jenna's expertise is grounded in a deep understanding of the financial markets. Her career, which started on Wall Street, has evolved into empowering others through her insights and analyses in the dynamic world of finance.

Based in New York City, Jenna's approach is informed by her hands-on experience as a former financial advisor and her keen observation of market trends. She is known for translating complex financial concepts into actionable strategies, making her a valuable resource for both seasoned investors and newcomers to the stock market. Her commitment to financial literacy and her ability to demystify investment principles have made her a respected and authoritative voice in the investment community.

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