The global economy nowadays is pivoting towards renewable energy, leaving fossil fuels behind. According to Paul Haarman, the economy is evolving and finding ways to adapt to modern technology, changing the whole world and making it more efficient. The various green energy sources that it was planning to adopt vary from solar energy to geothermal energy, from wind to biomass, and many more.
For the economy to convert to clean renewable, there will be a need for a strong financial back which is possible only when we use the economic prowess of renewable energy, and this is only possible through their stocks. So let us go in-depth to understand a few of those energy stocks.
Stocks for Top Renewable Energy
According to Paul Harmaan, various energy stocks like biomass, wind, solar, geothermal, etc., are present, which could support fast-forwarding the clean energy conversion for the economy. First, however, we will look for two of the best stocks where you should invest your money to get the best returns
First Solar
First Solar is one of the top leaders responsible for developing efficient thin-film solar panels. The company produces low-cost electricity per watt compared to the traditional silicon-based panels. Their solar panels are efficient mainly because they work well in extreme hotness and humidity conditions and work efficiently in shedding snow and debris quickly. These few features make them the most ideally used solar panels for utility-scale applications.
Moreover, the panel manufacturing sector of the first solar acts like a strong balance sheet responsible for making First Solar the number one choice and making it stand out.
NextEra Energy
NextEra Energy is responsible for two businesses which it runs efficiently. One business shows the efficient use of the competitive energy segment and is responsible for generating electricity. Besides this, it also transports natural gas under fix-free agreements that are beneficial for the long run. At the same time, the other one revolves around the rate-regulated electric utilities that NextEra Energy takes responsibility for and distributes that power to various businesses and consumers.
One of the highest credit ratings with the support of the largest electric utilities makes the NextEra Energy-efficient in working its stable operations responsibly. The two efficient businesses conducted by NextEra Energy are solely credited, and why shouldn’t they? The combined powers of both businesses help produce extra units of energy from natural resources like that of the wind and the sun, which any other company in the world is incapable of, making it a unique company.
Future of the Top Renewable Energy stocks
The effective and efficient shift by the world economy from fossil fuels to renewable energy sources or clean energy sources has created a massive opportunity for a variety of investors to look into the profits. At the same time, they understand the concept of how these sources can change the world and turn it into a better place. Suppose there is a need to find the future of these top renewable energy stocks. In that case, the most important thing to look for is the balance sheet of the company and the solar energy-focused growth profile, as these two main factors are highly responsible for generating higher returns in the future both for the world and the investors.
