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Renewable Energy Will See Major Growth in 2021: Here Are 3 Stocks to Buy


(SunPower): There are a number of factors that will drive renewable energy growth in 2021 and SunPower has all of the major ones behind it. First is the extension of the solar investment tax credit, which gives a 26% tax credit for both solar and solar plus storage installations. On top of that, we could see positive policy changes for the solar industry once President-elect Joe Biden takes office, giving even more policy fuel to the industry. Since SunPower finances some of the solar it installs, this subsidy flows to the company. 
Second, I think residential and commercial solar will grow rapidly as consumers and companies see on-site energy production as a value they can t pass up. And tax credits and low interest rates help make the financing of those projects possible. You can see below that the residential and commercial solar industries are growing, but that could pick up as subsidies and policies combine with falling costs for going solar.  ....

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3 Stocks You Didn't Know Were Betting on Renewable Energy


(Total): Big oil companies are going to have a hard time making the transition to renewable energy simply because of the momentum they have in fossil fuels. One company with a decent shot at making the transition is Total, the French oil giant, which has made billions in investments into renewables over the course of the last decade. 
Total owns a controlling interest in
Maxeon Solar Technologies (NASDAQ:MAXN), industry leaders in distributed solar development and solar manufacturing respectively. It also owns Saft, a battery technology company that s developing utility-scale battery projects. On top of those investments, Total owns at least 5 gigawatts (GW) of renewable energy assets and has ambitions to develop 35 GW by 2025.  ....

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