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10 Best Wind Energy and Renewables Stocks to Buy in 2021
The wind energy market is expected to be worth more than $180 billion within the next six years and is forecast to cross 120 gigawatts in installation capacity as investments in renewable power generation increase globally and governmental policies designed to decrease carbon emissions gradually lead to a shift away from fossil fuels. Delaware-based research firm Global Market Insights projects that increased electricity demand will lead to a more than 1% compound annual growth rate for large wind energy farms through to 2027.
US President Biden, in his first few months in power, has already pledged to increase spending on clean energy, reduce the carbon footprint of the American manufacturing industry, and re-enter Washington into global climate accords. One of the firms that could get a major boost from the new policies is Brookfield Renewable Partners L.P. (NYSE: BEP), a multinational clean energy business. Brookfield Rene
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There aren’t many sectors that I’m more bullish on than renewable energy. The growth of green energy has been steadily rising for a number of years now, which Canadian investors really saw take off in 2020.
Renewable energy stocks were some of the top performers during the bull run that followed the COVID-19 market crush.
High-growth tech stocks received most of the attention in the second half of 2020. Meanwhile, many green energy companies quietly went about and put up impressive growth numbers.
One of my investment goals for 2021 is to broaden my exposure to the renewable energy sector. As a long-term investor, I believe that now is as good of a time as any to take action on that goal. Most of the market-leading companies in the sector are trading at opportunistic discounts right now.
Image source: Getty Images.
With a new month upon us, investors are undoubtedly looking for the best stocks to hold over the next few weeks. A lot of investors often look toward the top movers in the tech sector. However, there are exceptional companies that can be owned in other areas of the market. In this article, I will cover three top
TSX stocks outside the tech sector that you should consider owning this month. All three companies have excellent histories, strong dividends, and promising futures.
Canada’s top bank
The first stock you should consider buying this month is