Author Bio
Rekha Khandelwal, CFA, is a long-term investor with a special focus on energy stocks. Rekha holds a master s in finance and has worked as a financial consultant. When she isn t writing, she can be found traveling to a new city or country.
Renewable energy sources have been around for decades. But of late, growing climate change concerns coupled with falling costs of generation from renewables have resulted in a new enthusiasm for these sources. This trend is here to stay, as the share of renewables as an energy source is expected to rise dramatically in the years to come. Here are two stocks that you must add to your renewable energy portfolio in 2021 to benefit from this trend.
NextEra Energy Partners (NYSE:NEP). All three offer above-average current yields and attractive growth forecasts.
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Plenty of power to continue the upward trend
Brookfield Renewable has a long history of growing its dividend and outperforming the market. Since its inception about 20 years ago, the hydroelectricity producing giant has increased its dividend at a 6% compound annual rate. That s helped power market-crushing total yearly returns of 19% compared to just 6% for the S&P 500 during that timeframe.
The company should have plenty of power to continue growing its dividend in 2021 and beyond. Brookfield currently anticipates that a combination of higher power rates, cost reduction initiatives, and renewable energy development projects will enable it to grow its cash flow per share at a 6% to 11% annual rate through at least 2025. On top of that, it believes that acquisitions can add another 4% to 5% to its bottom line each year. That supports its
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Young investors should focus on buy-and-hold stocks. Not only is this investment strategy easier to implement, it’s also proven to be the most successful. Warren Buffett has been profiting from this strategy for decades.
But which stocks can you continue to own for nearly your entire life? The two options below are your best bets.
This is already a trusted stock
Thousands of people have already gotten rich by buying and holding
Enbridge(TSX:ENB)(NYSE:ENB) stock. Shares have produced double-digit annual gains for nearly three decades.
For young investors, Enbridge was a dream. This is a great case of buying it once and then keep buying it.
Author Bio
Jason A. Moser is an analyst for Motley Fool One. He finds stocks that make money and tells the world about them. He s also won a Buzzy. And an Awessie.
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In this special episode of
Roundtable, host Nick Sciple is joined by Motley Fool analysts Jason Moser, Emily Flippen, and Dylan Lewis to review some stocks and trends from 2020 and where they see the markets heading in 2021. They discuss the biggest headlines, new trends, important lessons from 2020 for investors, some of their investment mistakes in 2020, their New Year s investment resolutions, some of their favorite stocks for your watch list, and much more.
The roll out of smart meters to households and small firms is taking much longer than expected Picture: Peter Byrne/PA Wire AS people across the UK brace for a year of huge uncertainty it looks like Christmas has come early for shareholders in a smart meter firm. Directors of Calisen announced earlier this month that they were recommending a bid for the business from a consortium of buyers that valued the firm at £1.4 billion. The 261p per share cash offer for Manchester-based Calisen sent shares in the firm surging 25 per cent higher, to 257.6p on the day it was announced – two weeks before Christmas Day.