When ambitious plans for renewable-energy adoption were laid out before the Great Recession, there were many vocal critics. However, in the eight-year period from 2004 to 2012, electricity generation from renewable sources increased by 39%. By 2015, the consumption of solar energy is expected to more than double from 2012 levels, while wind and biodiesel will enjoy gains of 39% and 67%, respectively.
There may still be critics, but investors are now well aware that sustainable energy technologies can provide great investments. Let’s survey the investing landscape for companies pursuing lucrative opportunities and developing solutions with a long-term mindset. Here are five of the best stocks you can buy in renewable energy.
The leading renewable-energy generator in the United States turned its 42,500 megawatts of capacity into $15.1 billion of revenue in 2013. It owned roughly 17% and 14%, respectively, of the nation’s total wind and utility-scale solar capacity last year. A large presence of renewables and an absence of coal helps NextEra Energy boast SO2, NOx, and CO2 emission rates that are 97%, 80%, and 53% below the industry average, respectively.
Most important for investors, NextEra Energy has significantly outperformed the S&P 500 in the past 10 years. Throw in a dividend that has grown at a compound annual rate of 8.2% over the same time period, and it may be time to research NextEra Energy a bit further to see if it’s a good fit for your portfolio.
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